Saturday, December 28, 2024
Biden administration's new methane rule to hamper U.S. oil, gas production, trade associations warn- oil and gas 360- oil and gas 360

Biden administration’s new methane rule to hamper U.S. oil, gas production, trade associations warn

World Oil (WO) – On Saturday, Dec. 2, the Biden administration unveiled a new methane emissions rule at COP28 aimed at “sharply reducing methane and other pollutants from the oil and natural gas industry” by “promoting the use of cutting-edge methane detection technologies,” according to a news release from the U.S. Environmental Protection Agency (EPA).   The news release stated,

$11-billion takeover bid for Australia’s top utility collapses- oil and gas 360

$11-billion takeover bid for Australia’s top utility collapses

Oil Price Not enough shareholders of Australia’s top energy retailer, Origin Energy, backed on Monday a takeover bid from a Brookfield-led consortium of investors, leading to a collapse of a proposed $11-billion deal. A total of 68.92% of the votes cast by Origin Energy’s shareholders were in favor of the bid, short of the required 75% majority necessary to approve