The top man at ConocoPhillips, Ryan Lance, has joined the list of those urging the Biden administration to lift its freeze on LNG export licenses. In an interview with Bloomberg TV this week, Lance said the pause should come to an end after the November presidential election. “Customers are getting uncertain about where the …
Category: Oil & Gas
GOP legislators in New Mexico speak out against pause in state oil and gas leases
Republican legislators in New Mexico are trying to reason with state leaders who are implementing a pause on new oil and gas leaseson state land. The plan was announced recently by the State Land Office which stated it would not open new leases on hundreds of acres of land. Rep. Rod Montoya of …
Energy quick reads
** The U.S. Environmental Protection Agency on Monday finalized a rule that would ban using and importing cancer-causing asbestos, a material still used in some vehicles and in some industrial facilities in the U.S., the first chemical banned under a 2016 chemical safety law. * The U.S. Energy Department (DOE) will unveil final rules that …
Head of world’s largest energy company says world needs to accept that oil will be around for a long time
As head of the world’s largest energy company, Amin Nasser says get over it….the “hard realities” that oil and natural gas will be around for a long time should be accepted by the world. Nasser is CEO of Saudi Aramco and carried his message this week to Houston where he spoke at the annual …
Crude oil prices hit 4-month high while natural gas made a gain too
Monday’s trading brought a 2% gain for crude oil prices as they hit a four-month high following word of lower crude exports from Iraq and Saudi Arabia. Plus, there were indications of stronger demand and economic growth in China, according to Reuters. West Texas Intermediate crude, considered the U.S. benchmark, went up $1.68 or 2.1% …
Senators repeat their call for Biden administration to end freeze on new LNG exports
U.S. Senator John Barrasso (R-WY), ranking member of the Energy and Natural Resources (ENR) Committee, joined Senators Dan Sullivan (R-AK), Roger Wicker (R-MS) and Jim Risch (R-ID) in sending a letter to President Biden’s Climate Envoy John Podesta, urging an “immediate reversal” of the Biden administration’s ban on new LNG exports. Specifically, the letter warns of the “dire …
Springfield looks into making improved natural gas from city landfill
The City of Springfield, Missouri recently launched an effort to improve its biogas production potential at a local sanitary landfill and Southwest Wastewater Treatment Plant. Indications from Erick Roberts, assistant director of Environmental Services show the collected gas would go through an upgrading process to remove impurities and result in a natural gas quality. …
Biden’s war on fossil fuels hasn’t worked so far
Despite President Biden’s war on fossil fuels, the U.S. not only had increased crude oil production in 2023 but also record crude oil exports. The U.S. Energy Information Administration issued a report this week showing the U.S. crude oil exports were a record last year, averaging 4.1 million barrels a day. The amount was …
Colorado bill to ban oil and gas drilling could devastate state’s economy
While state lawmakers in Colorado push a bill to end oil and gas drilling in the state by 2030, researchers with one group say if it happens, it will pose a catastrophic threat to the state’s economy. It’s the contention of researchers at the Common Sense Institute after they studied the impact of Senate …
Energy quick reads
** After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp., Darren Woods is on the offensive. ** Sacramento has taken proactive steps to accelerate the phasing out of dirty-fuel-powered vehicles in the city, announcing a plan to ban new gas stations. That …