More energy headlines

** Vice President Kamala Harris unveiled a series of measures Monday that the Biden administration is taking to reduce air pollution and the greenhouse gas emissions that cause climate change.

** Apache Corporation, a subsidiary of APA Corporation and LongPath Technologies, Inc. are announcing an expansion of their partnership for continuous methane emissions monitoring in the Permian Basin of southeast New Mexico and west Texas. With the planned expansion, LongPath will provide real-time monitoring for approximately 60 Apache facilities across multiple areas of the Permian.

** More than 80 environmental groups and other organizations on Monday urged California Governor Gavin Newsom to impose tougher rules promoting electric vehicles even as the state is moving faster than President Joe Biden’s administration.

** The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as next Wednesday, March 16, said two people familiar with the agency’s planning.

** Warren Buffett’s Berkshire Hathaway invested $4.5 billion into Occidental Petroleum in five days. The investor pounced after reading a transcript of Occidental’s latest earnings call, he told CNBC. Berkshire snapped up 91.2 million shares, securing a stake worth more than $5 billion today.


**  Venezuela’s President Nicolas Maduro on Monday said he agreed an agenda for future talks with a U.S. delegation that he met on Saturday, the first high-level meeting between the two countries in years. Officials from the two countries discussed easing oil sanctions on the South American country but made little progress towards reaching a deal.

** Canada’s oil could replace American imports of Russian crude, the top officials of the oil-producing province Alberta said this weekend.

** Bulgaria supports sanctions on Russia as a means to halting its invasion of Ukraine, but will likely seek an exception on banning Russian natural gas and oil imports if such a proposal is put forward, Prime Minister Kiril Petkov said on Monday.

** Shell began buying Russian oil again just four days after it cut ties with the Russian oil industry.

** Libya’s national oil company said it resumed oil production Tuesday from the country’s largest field three days after an armed group shut it down.

** Russia threatened to cut natural gas supplies to Europe via the Nord Stream 1 pipeline as part of its response to sanctions imposed over the invasion of Ukraine, a move that could heighten the turmoil in energy markets and drive consumer prices even higher.

** The price of natural gas in Europe hit an all-time high on March 7, briefly touching €345 per megawatt-hour. Before the last 12 months—the price had stayed roughly in the range of €15-25 per MWh for a decade.