Biden

The Department of Energy (DOE) could be delaying authorization for Venture Global LNG Inc.’s CP2 project after a directive from the Biden administration to study its climate impacts, according to the New York Times. Citing three unnamed sources, the newspaper first reported Wednesday that DOE’s additional analysis could stall an authorization decision for the 24…

The United States plans to invest around $3.5 billion in 58 projects across 44 states to strengthen electric grid resilience and reliability as new energy resources are added. “Extreme weather events fueled by climate change will continue to strain the nation’s aging transmission systems, but President Biden’s Investing in America agenda will ensure America’s power…

The latest Wyoming oil and natural gas lease sale garnered $13.2 million for more than 35,700 acres in the Powder River and Green River basins, and at least two more quarterly lease sales are planned.  The Bureau of Land Management (BLM) offered 81 parcels in the quarterly sale, with 53 sold. The highest bid per…

The Biden administration has created a new cabinet-level Methane Task Force to accelerate emissions reductions from the oil and gas industry. The announcement was part of the first-ever White House Methane Summit held last week. Methane, the primary component of natural gas, is a potent greenhouse gas with 80 times the near-term warming potential of…

Mountain Valley Pipeline LLC (MVP) developers expect to have the long-delayed and oft-challenged natural gas pipeline in service by the end of this year thanks to a major assist from provisions included in the bipartisan debt ceiling deal signed by President Biden. The Fiscal Responsibility Act, negotiated between the Biden administration and lawmakers, and signed…

President Biden, who has championed a zero-carbon emissions future, on Tuesday acknowledged that the United States would need oil and natural gas for at least another decade. However, his silence on exploration and production permitting reform was deafening for some politicos and industry groups. The comments were not part of the prepared remarks in the…

The Biden administration’s pause in conducting oil and natural gas lease sales on federal land is drawing more legal challenges, as plaintiffs argue that the lack of third quarter auctions was illegal. The Petroleum Association of Wyoming (PAW) and the Western Energy Alliance (WEA) this week filed a lawsuit against the Department of Interior (DOI)…

The CEO for New England’s largest utility, Eversource Energy, called on President Biden in a letter last week to enact federal emergency orders to “swiftly address the growing concerns” of New England’s access, or lack thereof, to natural gas this winter heating season.  New England, which lacks the natural gas pipeline infrastructure to fill out…

Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…