** The Biden administration issued a federal plan Thursday to remove all remaining oil and gas infrastructure located off the California coast once they stop producing.
** Sen. , D-W.Va., blasted the Biden administration Thursday for its actions delaying a major offshore oil and gas lease sale, and called for it to move forward with the sale within two weeks. Manchin, who chairs the Senate Energy and Natural Resources Committee, made his comments after a federal appeals court stayed a lower court ruling striking down the Bureau of Ocean Energy Management’s (BOEM) last-minute restrictions on the lease sale.
** The first major legislation House Republicans passed under newly installed Speaker Mike Johnson would cut billions of dollars in consumer rebates for energy efficiency upgrades included in President Joe Biden’s signature climate law.
** called on the Biden administration to swiftly auction drilling rights in the Gulf of Mexico, following a federal appeals court ruling Thursday that casts doubt on the future of that oil lease sale.
Michigan Democrats led by Gov. Gretchen Whitmer are leading an aggressive effort to rapidly transition the state to green energy, a push that closely resembles the Green New Deal proposed at the federal level by progressive lawmakers.
** A group of Democratic senators is calling on the Biden administration to do more to address pollution from heavy-duty vehicles, particularly as it deploys electric vehicle infrastructure. In a new letter to the departments of Energy and Transportation, 15 Democrats praised efforts to build out infrastructure for electric passenger cars but said more should be done to bolster electric trucks and buses.
** Non-op E&P Northern Oil and Gas (NOG) picked up its third-quarter A&D ground game in the Permian Basin, snagging 5.7 net in-process or future drilling locations and approximately 514 net acres, the company said in a third-quarter activity update.
** Exxon Mobil Corp. boosted dividends more than expected and posted a surprise cash flow increase, reaping the benefits of strengthening crude prices and US oil-refining margins.
World
** Shell has taken another axe to its once lofty decarbonization plans, as the U.K. oil giant’s pivot back to fossil fuels picks up steam. The group plans to cut at least 15% of staff working in its low-carbon solutions division while scaling back its hydrogen business, Reuters first reported Wednesday.
** Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said third-quarter profit tumbled in another blow to a renewables sector reeling from the impact of lower prices even as demand jumps. The producer’s net income fell 98% to 9.4 million yuan ($1.29 million) in the three months ended Sept. 30 from a year earlier.
** The Canadian federal government’s proposed tax credits to support carbon capture projects already are “robust” and probably won’t be increased, the country’s natural resources minister said.
** The Philippines will no longer pursue Chinese loans to fund three railway projects valued at more than $5 billion and has started discussions with other Asian countries for alternative financing deals.
** Germany’s Economy Ministry is prepared to support Siemens Energy AG because it sees the company as a strategic asset that will play an important role in protecting energy supplies, according to people familiar with the ministry’s position.
