Post Tagged with: "Biden"

Biden’s unfair decommissioning rule will kill jobs, harm U.S. energy security, oil and gas trade groups say

Biden’s unfair decommissioning rule will kill jobs, harm U.S. energy security, oil and gas trade groups say

World Oil


(WO) – The Gulf Energy Alliance (GEA) joined the States of Louisiana, Texas, and Mississippi in a legal challenge to the Department of Interior’s (DOI) Bureau of Ocean Energy Management’s (BOEM) decommissioning rule imposing unnecessary and burdensome financial …

Source: World Oil

Texas Senator introduces Natural Gas Tax Repeal Act to eliminate Biden’s new methane emissions tax

World Oil


(WO) — Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the “Natural Gas Tax Repeal Act,” by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax on …

Source: Reuters

Republicans warn Biden against using Strategic Petroleum Reserve as “political tool” amid rising summer gas prices

World Oil


(Bloomberg) – Top Republicans are warning the Biden administration against tapping into the nation’s strategic oil reserve to bring down gasoline prices with five months to go before the presidential election.

The message, sent in a letter Wednesday …

Source: Reuters

Energy Workforce calls for transparency regarding U.S. LNG export pause

World Oil


(WO) — Energy Workforce & Technology Council President Tim Tarpley issued a statement in response to Energy Secretary Jennifer Granholm’s testimony before the U.S. House Committee on Oversight.

During the hearing, Representatives discussed the administration’s ongoing LNG export …

Source: World Oil

Oil and gas trade group raises “serious concerns” about Biden’s revised greenhouse gas reporting rule

World Oil


(WO) – In October 2023, the American Petroleum Institute (API) urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress the oil and gas industry has made …

Source: World Oil

Court upholds 2022 offshore oil and gas lease sales following Biden’s “unlawful” leasing ban

World Oil


(WO) – Western Energy Alliance won a significant victory in court last Friday as the U.S. District Court for the District of Columbia upheld the first offshore oil and gas lease sales of the Biden administration, held in …

Source: World Oil

IPAA: Biden fails to recognize importance of U.S. oil and gas in State of the Union address

World Oil


(WO) – In response to President Joe Biden’s comments on climate and oil and gas in his State of the Union address on Thursday night, Jeff Eshelman, President & CEO of the Independent Petroleum Association of America (IPAA) …

Source: Oil Price

Biden’s pause on new LNG export permits could last for months

Oil Price


The U.S. Administration’s pause on approvals of new LNG export projects could last for several months until the U.S. Department of Energy reviews the grounds for authorizations, a DOE official told Bloomberg in an interview on Friday.

At …

Source: Reuters

Biden’s scaled-back power rule raises doubts over US climate target

Nasdaq


The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers.

Cleaning up the U.S. power …

Source: World Oil

API: Biden’s tailpipe emissions ban “out of step” with American people

World Oil


(WO) — The American Petroleum Institute (API) issued a statement from President and CEO Mike Sommers in response to reports that the Biden administration is considering changing the implementation timeline for its proposed tailpipe emissions standards:

“Reports that …

Source: World Oil

IPAA joins 25 oil and gas associations urging action on “unfair, unworkable, uneconomic” methane regulations

World Oil


(WO) – On Friday, the Independent Petroleum Association (IPAA) and 25 other state, regional and national oil and gas associations wrote to congressional leadership urging action on methane regulations that could have a detrimental impact on our nation’s …

Source: World Oil

Chesapeake Energy CEO: Biden’s LNG ban to hurt consumers, environment, U.S. allies

World Oil


(Bloomberg) – The Biden administration’s pause on new licenses to export liquefied natural gas (LNG) will hurt consumers, the environment and U.S. allies, according to the head of one of the country’s top gas producers.

“It works counter …

February 9, 2024 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG, Politics
Source: World Oil

Senator Joe Manchin vows to investigate Biden’s LNG export license plan

World Oil


(Bloomberg) – Senator Joe Manchin blasted the Biden administration’s move to halt the approval of new licenses to export U.S. liquefied natural gas (LNG) and vowed to use his power as the chairman of the Senate Energy and …

Source: Reuters

Biden pauses approval of LNG projects after pressure from climate activists

Nasdaq


WASHINGTON – President Joe Biden paused approvals for pending and future applications to export liquefied natural gas from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. …

January 26, 2024 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Regulatory
Source: World Oil

API: Biden’s restrictive LNG plan a “win” for Russia, loss for global energy security

World Oil


(WO) – The American Petroleum Institute (API) released a statement from President and CEO Mike Sommers on new reports that the Biden administration is moving forward with plans to disrupt the development of U.S. LNG terminals.

“This would …

January 25, 2024 - 12:01 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Oil Price

Oil lobby warns Biden about anti-oil policies

Oil Price


“American voters are watching.” This is what the president of the American Petroleum Institute had to tell the federal government at an API event this week. Voters are watching, and they are less than thrilled with the current …

Source: Oil Price

Biden gives Louisiana power to approve carbon capture projects

Oil Price


The U.S. Environmental Protection Agency (EPA) has formally granted Louisiana state primacy in the permitting and regulation of carbon capture projects, in a setback for environmentalists who claim these projects are an excuse to approve more operations that …

December 29, 2023 - 1:30 pm Uncategorized
Source; Reuters

EXCLUSIVE-Biden poised to deliver win for ethanol makers on SAF credits

Nasdaq


NEW YORK – The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the …

Source: World Oil

Biden’s Alaskan oil plan is “major threat” to future drilling, ConocoPhillips executive warns

World Oil


(Bloomberg) – A century after the U.S. set aside a broad swath of northwest Alaska to be used as an emergency oil supply, the Biden administration is pursuing changes that could make it impossible to harvest crude from …

Source: CNBC

Oil prices edge higher ahead of Biden Middle East trip

CNBC


Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with trying to prevent any regional escalation of its war with …

Source: World Oil

Biden set to award $7 billion for U.S. hydrogen hubs

World Oil


(Bloomberg) — President Joe Biden is set this week to announce as much as $7 billion in funding for hydrogen projects across the country as part of a competition to jump-start production of the clean-burning fuel in the …

Source: Oil Price

Thousands urge Biden to stop new oil and gas projects ahead of climate summit

Oil Price


Tens of thousands of people rallied in New York on Sunday, urging U.S. President Joe Biden to end approvals for new oil and gas projects as world leaders are heading to New York to take part in a …

September 18, 2023 - 11:30 am Climate Change, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Exclusive: Biden administration moving to escalate energy trade dispute with Mexico

Nasdaq


President Joe Biden’s administration has asked U.S. energy companies to prepare affidavits documenting how Mexico’s protectionist policies disrupted their investments as Washington prepares to escalate a trade dispute with its neighbor, according to three people familiar with the discussions.…

Source: Reuters

Biden administration to hold first offshore wind lease sale in Gulf of Mexico

World Oil


(WO) — The Department of the Interior will hold the first-ever offshore wind energy lease sale in the Gulf of Mexico, advancing the Biden-Harris administration’s work to deploy 30 gigawatts (GW) of offshore wind energy by 2030. The …

July 20, 2023 - 3:00 pm Closing Bell Story‎, Energy News, Lease Sales, Offshore, Wind
Source: Reuters

Insight: Biden’s green hydrogen plan hits climate obstacle: Water shortage

Investing


The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants.

The Gulf Coast port …

Source: Reuters

Biden bans oil and gas leasing near New Mexico cultural site

Oil Price


The U.S. Administration has banned new oil and gas leasing near the Chaco Culture National Historic Park in New Mexico as part of a plan to protect the area and a larger portion of federal land from drilling.…

Source: Reuters

Biden’s subdued reaction to OPEC+ cuts foreshadows economic slowdown, carries risk

Nasdaq


WASHINGTON – When OPEC+ made a surprise decision earlier this month to cut oil production, President Joe Biden responded with the political equivalent of a shrug – a far cry from his declaration that there would be “consequences” for …

Source: Oil Price

Biden sets sights on scrapping oil and gas subsidies

Oil Price


The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document.

 

The report notes that the suggestion to remove government incentives …

Source: Oil Price

Biden offers $1.2 billion to nuclear power plants at risk of closure

Oil Price


As part of a program to support nuclear power generation and the goal of zero-carbon electricity by 2035, the Biden Administration on Thursday offered funding of $1.2 billion to nuclear power reactors that are at risk of retiring …

March 2, 2023 - 12:30 pm Closing Bell Story‎, Energy News, Nuclear
Source: Reuters

Biden backs scaled-down drilling plan for ConocoPhillips’ Alaska oil project

World Oil


(Bloomberg) — The Biden administration telegraphed it could support a scaled-back drilling plan at ConocoPhillips’s proposed Willow project in northwest Alaska, even as it cited “substantial concerns” with the oil development and warned of further restrictions to limit …