** The natural gas industry is challenging the Biden administration over its regulations targeting traditional gas-powered residential furnaces, which a rulemaking energy groups says will impact more than half of all U.S. households. ** Western Caucus Vice Chair Doug Lamborn (CO-05), joined by Chairman Dan Newhouse (WA-04) and Rep. Blake Moore (UT-01), introduced legislation to rescind the …
Category: EPA
Energy quick reads
** Nikola Corp. founder and former Chief Executive Officer Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric-truck maker’s progress. He was sentenced by a Manhattan judge. ** Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, …
Oklahoma well operator targeted by House Democrats in climate probe
Democrats on the House Energy and Commerce Committee have targeted another oil and gas company over environmental and climate claims and it could involve wells in Oklahoma. They put Diversified Energy Co., the owner of more than 1,500 oil and gas wells in Oklahoma and Texas and also the largest owner of wells in …
Quick energy reads
** Oil and gas should not be demonised in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday, but he also said it was important to reduce carbon emissions to preserve the planet. ** Asset manager BlackRock Inc has bowed out of talks to acquire Exxon Mobil Corp ‘s majority …
DEQ pushes more federal funding for climate pollution reduction
The Oklahoma Department of Environmental Quality is taking advantage of another new EPA round of funding to reduce climate pollution and a deadline is approaching in a few weeks. The DEQ stated the EPA recently announced funding opportunities for the Climate Pollution Reduction Grants and those interested in Oklahoma should be prepared to present …
Brecheen’s small business ceiling fan manufacturer Protection Act
Oklahoma congressman Josh Brecheen is critical of yet another energy rule from the Biden administration that he contends would harm some manufacturers of ceiling fans. That’s why he introduced the Small Business Ceiling Fan Manufacturer Protection Act, which would combat what the congressman feels is a damaging proposed rule from the Department of Energy …
Energy quick reads
** Alaska’s looming natural gas shortage is getting increased attention this week along with more talk about negative impacts that might occur as gas supply falls in the coming years. On Tuesday, Anchorage Mayor Dave Bronson announced that he formed a coalition of Southcentral Alaska mayors to study solutions to the potential shortage. ** Ovintiv’s Board of …
Energy quick reads
** A new report by the Texas Independent Producers and Royalty Owners Association claims Permian Basin methane intensity continues to trend downward, with methane emissions intensity falling by nearly 85% between 2011 and 2022, and during the same time period, total oil and gas production in the Permian increased by over 416%. ** The Arizona …
Energy quick reads
** U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), applauded the U.S. House of Representatives for passing by voice vote H.R.1042, companion legislation to S. 763, a bipartisan bill introduced by Barrasso to prohibit U.S. imports of Russian uranium. ** A House panel subpoenaed The Vanguard Group and …
Quick reads
** Occidental Petroleum stock was declining Monday after the oil company announced it will acquire energy producer CrownRock in a deal valued at $12 billion. Occidental said Monday that the acquisition will help increase the company’s position in the Midland Basin, and will add 170,000 barrels of oil per day to the company’s production. The Midland …