Biden

Demand for U.S. petroleum eased last week after strong summer gains overall, while domestic production inched up but held far below pre-pandemic levels. Stockpiles of U.S. crude decreased slightly, however, as imports also declined, the U.S. Energy Information Administration (EIA) said Wednesday. Commercial oil inventories in the week ended Aug. 6 — excluding those in…

The White House said Thursday it is aiming for zero-emission electric vehicles (EV) to account for half of new vehicles sold in the United States by 2030. It also called for more stringent fuel economy standards. “Zero-emission” includes battery electric, plug-in hybrid electric, and fuel cell EVs, the White House said. President Biden was set…

TC Energy Corp. has revived a five-year-old trade damages claim topping $15 billion against the U.S. government for refusing to let the Keystone XL oil export project have a construction permit. Notice of the legacy claim, based on fairness rules of the North American Free Trade Agreement (NAFTA), was filed Friday with the U.S. Department…

The Group of 7 world leaders pledged over the weekend to protect the planet by supporting a “green revolution” to create jobs, reduce emissions and limit the rise in global temperatures.The G7, as it is better known, consists of Canada, France, Germany, Italy, Japan, the UK and the United States. The seven countries in 2020…

The Department of the Interior (DOI) on Tuesday suspended the Coastal Plain Oil and Gas Leasing Program launched by the Trump administration in Alaska’s Arctic National Wildlife Refuge (ANWR). The order signed by DOI Secretary Deb Haaland halts “all activities related to the implementation of” the program, including leases awarded in the program’s first and…

The United States has the most attractive market for renewable energy investment following the Biden Administration’s plan to transition to a lower-carbon power grid as part of the $2.25 trillion American Jobs Plan, according to rankings data from IHS Markit.  The rankings put the United States in the number one spot for the period ending…

Occidental Petroleum Inc. CEO Vicki Hollub said Tuesday the Biden administration’s attempt to corral federal oil and gas development could constrict jobs growth while dampening supply as the world transitions from fossil fuels.   Hollub shared a microphone with her management team to discuss first quarter results for Oxy, as it is better known. The administration…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI associate editors Kevin Dobbs and Andrew Baker discuss the presidential election and its impacts for the natural gas and oil industry.  Dobbs and Baker discuss President-elect Biden’s priorities with respect to energy, climate and infrastructure, as well as…

The United States is teaming up with Canada, Norway, Qatar and Saudi Arabia to target net-zero greenhouse gas (GHG) emissions from the five countries, all of which are major oil and gas producers. The countries, which together account for about 40% of global oil and gas production, jointly said on Friday they are establishing a…