World Oil (Bloomberg) – A federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of U.S. liquefied natural gas (LNG), though the decision is unlikely to immediately jump start approvals. U.S. District Judge James D. Cain Jr. in Louisiana issued a preliminary injunction Monday in a lawsuit filed by 16 states, which argued Biden violated federal law
Oil Price Crude oil inventories in the United States fell by 9.163 million barrels for the week ending June 28, according to The American Petroleum Institute (API), after analysts had expected a 150,000 barrel draw. For the week prior, the API reported a 914,000 barrel build in crude inventories. On Tuesday, the Department of Energy (DoE) reported that crude oil
U.S. News WASHINGTON – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse gas reduction goals and decarbonizing the economy
Oil Price The Department of Energy has issued an invitation for bids for some 3 million barrels of crude that will go into the strategic petroleum reserve as part of refill efforts. In the announcement, the DoE twice noted that it had sold oil from the SPR at much higher prices than it is buying it now back at, with the difference
World Oil (WO) – MicroSeismic, Inc. will receive $199,721 as part of the Department of Energy grants totaling $16,676,827 to 77 small businesses in 25 states, in support of scientific energy innovation and clean energy development. The MicroSeismic DOE project will focus on a turnkey service to create an electromagnetic monitoring network for use during carbon storage/injection operations.
Houston Chronicle WASHINGTON — The Department of Energy isn’t distributing funding for clean energy research fast enough, House Democrats said Wednesday. At a hearing before the oversight panel of the House Science and Space Committee, Chairman Rep. Bill Foster, D-Ill., said the department’s Office of Energy Efficiency and Renewable Energy didn’t spend $823 million in funding appropriated by Congress last
It’s been a busy month for U.S. liquefied natural gas (LNG) export developments. Just last week, Cheniere Energy, Inc. (stock ticker: LNG) exported the first LNG commissioning cargo from its Corpus Christi, Texas liquefaction facility. The export was the first from a greenfield liquefaction facility in the lower 48 states and indicates a larger trend in the U.S.-based LNG development
The White House released its FY 2018 budget proposal today, entitled “America First – A Budget Blueprint to Make America Great Again.” The White House proposes a budget that will increase funds in support of energy development on public lands and offshore, and it intends to continue to streamline the permitting process “and provide industry with access to the energy resources
Petroleum, NatGas, Coal & Nuclear Delivered 89% of U.S. Energy in 2014 U.S. Energy Use: in its September release of the second Quadrennial Technology Review (QTR), AN ASSESSMENT OF ENERGY TECHNOLOGIES AND RESEARCH OPPORTUNITIES, the U.S. Department of Energy delivers 505 pages of research findings and itemizes where the federal government sees opportunities existing for new research to develop energy technologies.
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