Energy news in brief

** The Biden administration said Tuesday that it will deliver an interim report on its suspension of oil and gas sales from federal lands and waters by summer, but officials declined to state how long the moratorium could remain in place.

** More than 90 Montana state lawmakers call for a reversal of President Biden’s decision to cancel the Keystone XL pipeline in a letter to President Biden and the state’s congressional delegation.

** Senators Chuck Grassley, a Republican from Iowa and Jacky Rosen, Democrat from Nevada introduced a bill to boost taxpayer returns from federal oil and gas leasing. It would increase the minimum bid price per acre during lease auctions and increase the royalty rate paid on oil and gas produced from the leases.

** BP Plc abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.

** Texas Governor Greg Abbott said on Tuesday he had made correcting “inaccurate excessive charges” billed during the winter freeze by power grid operator Electric Reliability Council of Texas (ERCOT) an emergency matter for the state legislature.

** ExxonMobil reports it’s come up with a dry hole and failed to discover commercial quantities of oil in the first of three wells to be drilled on the ultradeep Canje block off the coast of Guyana.

** Cairn Energy Plc reshuffled its portfolio, selling $460 million of assets in the U.K. North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc.

** Three U.S. Democratic House lawmakers introduced legislation on Tuesday calling on the U.S. Postal Service to freeze Oshkosh Corp’s $482 million contract that would finalize production of the next-generation postal vehicles until the deal can be reviewed.

** U.S. Secretary of Energy Jennifer Granholm on Tuesday said the United States needs to boost domestic production of the minerals used to make electric vehicles, so long as it is done sustainably.

** Former Vice President Al Gore will speak at a rally Sunday in Memphis to oppose the Byhalia Connection pipeline.  The planned 49-mile pipeline, which would carry oil from a Memphis refinery and connect to two pipelines in Mississippi, faces growing opposition.

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