Biden

Investing in Oil, Natural Gas Paramount as Energy Mix Transitions, Says Yergin

Investing in Oil, Natural Gas Paramount as Energy Mix Transitions, Says Yergin

Nations may be working to transition to net-zero carbon, but recent events prove that it will be decades before oil and gas are replaced by alternative energies, according to IHS Markit Vice Chairman Daniel Yergin.

January 11, 2022
Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates

Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates

The U.S. oil and natural gas industry need not fear a federal drilling ban — for now — but royalty rates may be hiked for the first time in a century and leasing terms could be tightened based on an analysis by the Department of Interior. After taking office in January, President Biden issued Executive…

November 30, 2021
Biden Orders Release of Oil Reserves in Concert With Other Countries to Curb Price Inflation

Biden Orders Release of Oil Reserves in Concert With Other Countries to Curb Price Inflation

With gasoline prices recently hovering near multi-year highs and crude production lagging demand in 2021, President Biden on Tuesday said his administration would tap the Strategic Petroleum Reserve (SPR) as part of a broader international move to boost supply and curb costs at the pump. The United States is coordinating the release along with similar…

November 23, 2021
Domestic Crude Inventories Fall as Demand Jumps; Biden Calls for More Output, Attacks Energy Producers

Domestic Crude Inventories Fall as Demand Jumps; Biden Calls for More Output, Attacks Energy Producers

U.S. oil stocks fell for the first time in four weeks as Americans shrugged off lofty prices and demand rose, the U.S. Energy Information Administration (EIA) said Wednesday. EIA said crude inventories for the week ended Nov. 12, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 2.1 million bbl from the previous week.…

November 17, 2021
Biden Administration Says Slashing U.S. Oil, Natural Gas Methane Emissions to Cost ‘Pennies’ Per Mcf

Biden Administration Says Slashing U.S. Oil, Natural Gas Methane Emissions to Cost ‘Pennies’ Per Mcf

The United States is set to impose sweeping limits on methane emissions from oil and gas operations as the Biden administration ups its commitment to tackle global warming. Once enacted, the rule’s impact on natural gas and oil prices from 2023-2035 would cost “pennies per bbl of oil or Mcf of gas,” the Environmental Protection…

November 2, 2021
Exports Have Little Impact on Rising U.S. Natural Gas Prices, CLNG Says

Exports Have Little Impact on Rising U.S. Natural Gas Prices, CLNG Says

U.S. liquefied natural gas (LNG) exports are not to blame for the sharp spike in Henry Hub prices, according to a leading trade group.  “The idea that LNG is having some outsized impact on price is mathematically impossible when we actually start to dig into this,” said Executive Director Charlie Riedl of the Center for…

October 19, 2021

Biden Administration Says U.S. LNG Needed Across World — The Offtake

A roundup of news and commentary from NGI’s LNG Insight U.S. natural gas exports are needed across the world as buyers face shortages, the Biden administration said. “There’s a natural gas shortage around the world, hence the need for the United States to continue to export natural gas,” said White House Press Secretary Jen Psaki…

October 14, 2021
Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming’s two main oil and gas trade groups are seeking to expedite the resumption of oil and gas leases on federal property by the Department of the Interior (DOI). In a merits brief filed Aug. 30 in Wyoming District Court, the Western Energy Alliance and the Petroleum Association of Wyoming (PAW) allege that DOI is…

September 8, 2021
Critics Say Biden ‘Slow Walks’ Compliance with Court Order to Resume Federal Oil, Natural Gas Lease Sales

Critics Say Biden ‘Slow Walks’ Compliance with Court Order to Resume Federal Oil, Natural Gas Lease Sales

The U.S. government confirmed in a court filing it would resume federal oil and gas lease sales — and established a timeline — to comply with a ruling that called for an end to the Biden administration’s moratorium. Critics, however, noted that Biden administration officials intend to stretch the process out over several months as…

August 25, 2021
With Huge Infrastructure Bill on Table, U.S. to Sell Crude Held in Strategic Petroleum Reserve

With Huge Infrastructure Bill on Table, U.S. to Sell Crude Held in Strategic Petroleum Reserve

The U.S. Department of Energy (DOE) plans to sell up to 20 million bbl of oil from the Strategic Petroleum Reserve (SPR) – double the level sold at an auction earlier this year – as the Biden administration complies with 2015 legislation and tries to raise funds to pay for a massive new infrastructure bill.…

August 25, 2021
‹ Previous 1 2 3 7