Biden administration – Page 2

Carbon capture industry to depend on oil and gas workers as new Louisiana facilities approach operations

June 25, 2024

World Oil (Bloomberg) – The Biden administration’s hub to clean carbon from the air in northwest Louisiana is getting company. On Monday, Heirloom Carbon announced that it’s constructing a facility with machines that can remove 17,000 tons of carbon dioxide from the atmosphere annually. The startup counts JPMorgan Chase & Co., Autodesk Inc. and Klarna Bank AB among its customers.

Texas oil and gas regulator admonishes Biden administration’s recent use of Endangered Species Act

May 24, 2024

World Oil (AUSTIN) – On May 17, 2024, the U.S. Department of Fish and Wildlife Services (USFWS) announced it would be listing the Dune Sagebrush Lizard as an endangered species under the Endanger Species Act (ESA). The Biden Administration made this designation, despite years of public and private collaborative efforts protecting the lizard, which have resulted in increased land conservation

Biden administration restarts plans to refill Strategic Petroleum Reserve as oil prices dip

May 7, 2024

World Oil (Bloomberg) – The Biden administration is taking advantage of a dip in oil prices to restart plans to refill its depleted emergency oil cache. The Energy Department announced Tuesday it was seeking as much as 3.3 MMbbl of crude oil in October for the Strategic Petroleum Reserve after a rise in oil prices led the agency to cancel

U.S. House Republicans consider tying LNG export approvals to Ukrainian aid

April 5, 2024

World Oil (Bloomberg) – Republican House leadership is considering including a provision in a potential aid package for Ukraine that would require the Biden administration to approve some liquefied natural gas (LNG) export projects, according to people familiar with the matter. The wording, which has yet to be finalized, could set a threshold that effectively requires some LNG export projects

Biden administration cancels 3 MMbbl Strategic Reserve refill as oil breaks over $85- oil and gas 360

Biden administration cancels 3 MMbbl Strategic Oil Reserve refill as oil breaks over $85

April 3, 2024

World Oil (Bloomberg) – The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices. The Energy Department said it was “keeping the taxpayer’s interest at the forefront” in its decision not to purchase as many as 3 MMbbl of oil for a Strategic Petroleum Reserve site in Louisiana. The

Oil trade groups file petition against Biden administration over LNG ban

February 27, 2024

World Oil (Bloomberg) – Top oil industry lobbying groups set the stage for a potential lawsuit challenging the Biden administration’s pause in approving new liquefied natural gas (LNG) exports. In a petition filed Monday with the Energy Department, the American Petroleum Institute (API) and six other groups say the indefinite delay runs afoul of a legal mandate for the agency

Exclusive: Biden administration to approve E15 gasoline expansion starting in 2025, sources say

February 20, 2024

Nasdaq The White House will approve a request from a group of Midwest governors to allow year-round sales of gasoline with higher blends of ethanol, but will push the start date into next year, two sources familiar with discussions said. The decision will likely be bittersweet for the biofuel industry, which wants to expand sales of corn-based ethanol but might

Biden administration taking heat from all sides over Louisiana LNG project

January 19, 2024

Nasdaq WASHINGTON – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security. The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in weeks or months on

Biden administration purchases 3 MMbbl of U.S.-produced oil for Strategic Petroleum Reserve

December 29, 2023

World Oil (WO) — On Dec. 26, the U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 3 MMbbl of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR). According to a press release, the contracts awarded for a March delivery follow the Request for Proposal (RFP) that was announced

API calls on Biden administration to remove barriers to energy production in Alaska

December 8, 2023

World Oil The American Petroleum Institute (API) has called on the Biden administration to recognize the important role that Alaska plays in U.S. energy security and support the continued development of energy resources in the National Petroleum Reserve (NPR-A). In comments submitted to the Department of the Interior’s Bureau of Land Management (BLM), API expressed concern over proposed regulatory changes that

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

December 4, 2023

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,

Biden administration ordered to sell Gulf of Mexico oil leases next month

November 16, 2023

World Oil (Bloomberg) — A federal appeals court ordered the Biden administration to sell drilling rights in the Gulf of Mexico within 37 days, a defeat for environmentalists who argued oil leasing and development in the region imperil a critically endangered whale. The ruling Tuesday by the Fifth Circuit Court of Appeals means the US Interior Department has until Dec.

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