Category: Oil & Gas

ConocoPhillips delays initial Willow project group following lawsuits

    After winning approval from the Biden administration to start its $8 billion Willow oil-drilling project in Alaska’s Arctic circle, ConocoPhillips agreed to stop construction work on the project while lawsuits by conservation groups are heard. The company’s agreement came just days after it won approval for the controversial oil project. The company had …

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Record petroleum products exported by US in 2022

  The federal government issued a report this week showing the U.S. set a record in 2022 for petroleum product exports. While the Biden administration encouraged more development of green renewable energy power and at the same time targeted the oil and gas industry with new restrictions, the nation exported 7% more petroleum products last …

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House GOP members unveil their energy bill to fight Biden administration’s green efforts

  “From the gas station to the grocery store, President Biden’s war on energy is making life unaffordable for the hardworking people of this country and forcing us to be dangerously reliant on supply chains controlled by the Chinese Communist Party.” It’s what Rep. Cathy McMorris Rodgers declared as she and other Republican leaders in …

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Phillips 66 moves ahead with conversion of refinery in California

  Phillips 66, the company that got its start in Bartlesville, Oklahoma and is now headquartered in Houston, is putting a lot of money on the line in revamping a California refinery and making it a massive renewable diesel plant. The project involves its 127-year old complex in Rodeo, California and while Phillips 66 proclaims …

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US and world quick reads

** U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. “I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” Biden …

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Short energy stories from the US and the world

**The Biden-Harris administration is continuing its push to make electric vehicle ownership a reality across the country, particularly in Black and brown communities that have been most affected by climate and environmental issues and high gas prices. his week, the administration opened up applications for a $2.5 billion grant program allowing states and municipalities to begin …

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BCE-Mach III creates more producers in Oklahoma’s STACK play

  Two years after BCE-Mach III LLC expanded its Anadarko Basin holdings to 46 counties in western Oklahoma, the Texas Panhandle and Kansas, the company recently filed completion reports on a series of four Kingfisher County wells. The four Lincoln Southeast Oswego Unit wells were completed in January and the largest producer, with 489 barrels …

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Crude oil and OK energy stocks took another hit on Friday

  Crude oil prices settled lower on Friday by more than 2%, reversing gains made earlier in the day. Oklahoma energy stocks also suffered losses in the day’s trading. Analysts blamed banking sector fears for both Brent crude and WTI to reach their biggest weekly declines in months. West Texas Intermediate crude fell $1.61 a …

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Oil and gas rig numbers grew in Oklahoma and the US in the past week

  Rig numbers made gains in Oklahoma and across the U.S. in the past week according to figures released Friday by Baker Hughes Co. Oklahoma’s count grew by one to reach 62, significantly more than the 49 reported one year ago. Across the U.S., numbers increased by 8 to 754 rigs. But the number of …

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Biden administration joins Colorado lawsuit against Suncor refinery

  Showing its intent on fighting climate change, the Biden administration has joined a lawsuit by local Colorado governments against Suncor, the Canadian energy giant with a refinery near Denver. The U.S. Department of Justice filed a legal brief and argued that the Colorado case against Suncor should be heard in state court reported The …

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