** Federal authorities say they will not be investigating the Monday derailment of a Union Pacific Railroad train that was carrying Fort Carson equipment home from California.
** Offshore oil and gas permitting under President Biden has fallen to a low the energy industry has not experienced since the Bush administration two decades ago, according to federal data reviewed by Fox News Digital.
** U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) this week.
** Exxon Mobil’s mega $60 billion deal for shale rival Pioneer Natural Resources could be a catalyst that will drive further consolidation in the U.S. oil and gas industry, analysts said, as they zeroed in on a handful of likely targets.
** The Department of the Treasury announced sanctions against two shipping companies Thursday, one based in Turkey and the other in the United Arab Emirates, over allegations they violated international price caps on Russian oil.
** California’s new emissions laws could force companies to reveal more about their carbon footprint to the U.S. Securities and Exchange Commission (SEC), raising the risk of legal challenges to their climate claims, regulatory lawyers say.
World
** Ørsted, a Danish wind developer, was going places. Now, the company’s shares are valued at a quarter of what they were since peaking in early 2021, its credit rating was downgraded to negative, and the fate of a number of its projects is uncertain.
** France has banned domestic short-haul flights when there is a decent rail alternative, and the idea has gained traction with ministers in Austria, Belgium and Spain in recent years.
** Negotiations over a stalled pay and conditions deal between Chevron and unions at its liquefied natural gas (LNG) facilities in Australia made progress on Friday, but fell short of sealing an agreement to end months of labour disputes at the major export sites.
** , the former governor of the Bank of England told the International Monetary Fund it is “not right” to expect countries with oil and gas industries to “shut down overnight”, admitting that fossil fuels have a role to play in net zero.
** Germany is doing everything it can to bolster its struggling economy and prevent it from becoming the “sick man” of Europe, according to Finance Minister Christian Lindner.
** New Zealand has a plan to tax farmers for their livestock’s burps and farts — and it’s causing a stink ahead of general elections. The economy is driven by agriculture with around 10 million cattle and 25 million sheep roaming the nation’s pastures.