Yahoo Finance WASHINGTON – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY IT IS IMPORTANT
World Oil (WO) – The American Petroleum Institute (API) filed a lawsuit in the D.C. Circuit Court of Appeals challenging the U.S. Environmental Protection Agency’s (EPA) heavy-duty (HD) vehicle emissions standards for model years (MY) 2027-2032. “Today, we are standing up for consumers who rely on trucks to deliver the goods they use every single day,” said API Senior Vice
Oil Price A Canadian oil industry association has removed all transition-related content from its website in anticipation of punitive moves by the federal government, which earlier this month passed a law requiring companies to show proof of their transition statements. “Imminent amendments to the Competition Act will create significant uncertainty for Canadian companies that want to communicate publicly about the
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 2 over last week, resulting in a total count of 588 rigs. Canada had an increase of 6 over last week, resulting in a total Canadian count of 166 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,
BOE Report The amount of natural gas flowing to U.S. liquefied natural gas firm Cheniere Energy’s Sabine Pass export plant in Louisiana was on track to drop to an 11-month low on Friday, according to data from financial firm LSEG. Reductions at Sabine and other U.S. LNG export plants have often had a major impact on global gas prices. A
World Oil (Bloomberg) – There is no longer a single British bank financing the smaller independent oil and gas producers that account for the bulk of production and investment in the North Sea, according to Neptune Energy. “The future of the North Sea is now dependent upon the U.S. banks or Norwegian banks and not on the UK banks,” Julian
Natural Gas Inventories as of June 14, 2024 The EIA has released its natural gas inventory report, showing a net increase of 71 Bcf as of June 14, 2024. Working gas in storage was 3,045 Bcf as of Friday, June 14, 2024, according to EIA estimates. This represents a net increase of 71 Bcf from the previous week. Stocks were
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