Friday, November 29, 2024
White House touts EVs, but not backing gasoline-powered phase-out date- oil and gas 360

White House touts EVs, but not backing gasoline-powered phase-out date

Reuters WASHINGTON  – The Biden administration wants to spend $174 billion to boost electric vehicles and charging stations but its 2030 climate emissions reduction pledge released on Thursday does not include a firm date to phase out gasoline-powered vehicles. “These autos are coming. We know it. It is the future,” White House climate adviser Gina McCarthy said of EVs at

OPEC urges members to lobby against U.S. NOPEC bill and outline risks- oil and gas 360

OPEC urges members to lobby against U.S. NOPEC bill and outline risks

Reuters LONDON – OPEC is encouraging its members to engage with the U.S. administration over a proposed U.S. bill against the group, known as NOPEC, and to explain that passing the bill could put at risk U.S. interests abroad. A U.S. House panel passed a bill this week to open the Organization of the Petroleum Exporting Countries to lawsuits for

U.S. exploration and production companies are issuing new debt and equity

EIA Based on all announced corporate press releases, the amount of debt and equity issued among publicly traded independent U.S. exploration and production (E&P) companies totaled $4.4 billion in March 2021, the most since August 2020. EIA analyzed and compiled the amounts via Evaluate Energy, a data service that tracks financial information for all publicly traded oil companies. Since September 2020,