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.
World Oil (WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate matter (PM2.5). In a letter to White House Chief of Staff Jeff Zients, the organizations warned that moving forward
World Oil (WO) – The American Petroleum Institute urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress industry has made to reduce emissions, increases transparency and accuracy of reporting, and incentivizes innovations in the use of empirical data and cost-effective methane detection technologies. In comments submitted to the
World Oil (Bloomberg) – The Biden administration has been ordered by a federal judge to expand its sale of Gulf of Mexico oil leases later this month. The Louisiana-based judge concluded that the Interior Department probably moved wrongly at “the eleventh hour” to yank roughly 6 million acres off the auction block. At issue is the department’s decision last month to
World Oil (Bloomberg) – The Biden administration is again delaying a replenishment of the nation’s emergency oil reserve because of market conditions, according to people familiar with the matter. The decision comes as oil prices have rallied above $80 a barrel. The Department of Energy is not taking up offers it got for a potential purchase, said the people, who
World Oil WO) — The American Petroleum Institute and Energy Workforce & Technology Council joined with 17 energy trade groups representing all sectors of the U.S. natural gas and oil industry in calling on the Biden administration to support U.S. energy security by finalizing a robust program for federal offshore leasing. In a letter to President Biden, the energy trade
World Oil (WO) – The American Petroleum Institute (API) and the Energy Workforce & Technology Council released statements after the Biden Administration failed to include representatives from the natural gas and oil industry in today’s White House Methane Summit. “Tackling a challenge of this scale requires not just will and words, but action. We are disappointed that the industries driving
World Oil WASHINGTON, July 11, 2023 — The American Petroleum Institute (API) joined with over 100 other trade groups representing diverse businesses across the transportation sector in urging the Biden administration to reverse course on its proposed tailpipe emissions standards for light, medium and heavy-duty vehicles. In a letter to President Biden, the organizations outlined significant concerns with the EPA’s
World Oil (Bloomberg) – The Biden administration announced Friday it’s purchasing 6 million more bbl of crude oil for the Strategic Petroleum Reserve as it continues to slowly refill the emergency stockpile. The purchases, scheduled for October and November, come as the nation’s oil reserve is at its lowest point in 40 years following a historic 180 MMbbl drawdown in
World Oil (Bloomberg) – The Biden administration has formally rebuffed a bid by environmental activists to phase down oil and gas production on federal lands and waters, marking its latest nod to the endurance of fossil fuels in a warming world. Laura Daniel-Davis, the Principal Deputy Assistant Secretary of Land and Mineral Management at the Interior Department, said in
Oil Price The Biden administration will not rush into refilling the strategic petroleum reserve but rather take things one day at a time, the White House’s Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein, has said as quoted by Bloomberg. “We’ve seen a decline in oil prices, we’re seeing some crunch there,” Hochstein told Bloomberg TV in an interview.
World Oil (Bloomberg) – Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection — and an unacceptable blow to residents across the nation’s largest state. “They damn well better not kill the project,” Republican Lisa Murkowski
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