Pietro D
Pitts
Hart Energy
Up to 50 Firms Seek US Oil Licenses in Venezuela, Official Says
Washington aims to prioritize issuing licenses to companies with existing oil output and assets over those seeking to enter the sanctioned OPEC nation for the first time, sources told Reuters.
Exxon Mobil Keeps Its Options Open in Guyana and Globally
Exxon Mobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.
Belcher: Brace for Onslaught of New Biden Regulations
A slew of rulemakings, executive orders and policy decisions affecting energy are headed this way.
Kinder Morgan Buys Texas Oilfield in Carbon-tax Play, Sources Say
Kinder Morgan's purchase of Avad Energy Partners' assets in West Texas shows how the U.S. Inflation Reduction Act's $60 per metric ton tax credit for carbon sequestration is spurring oil and gas deals.
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico's Atlantic and Pacific coasts to meet global demand.
Texas' ERCOT Power Needs to Nearly Double Over Next Six Years
As coal plants retire in Texas, natural gas will carry more of the Lone Star State’s energy load, said Kristi Hobbs, ERCOT’s vice president for system planning and weatherization.
US to Close Northeast Gasoline Reserve with 1 MMbbl Sale
The Biden administration will sell nearly 1 MMbbl of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on May 21, effectively closing the reserve.
Supreme Court Passes on MVP Appeal Challenging FERC’s Authority
The Supreme Court declined to take up a lawsuit against the Mountain Valley Pipeline, the latest in a series of legal maneuverings over a case filed by opponents of the pipeline.
Under Siege: Industry Cuts Emissions Despite Biden's ‘Attack’ on E&Ps
IPAA Chairman and Elevation Resources CEO Steve Pruett shared insight on industry’s concerns over regulations carried out by an “alphabet soup” of agencies from the Environmental Protection Agency to the Federal Trade Commission.
What's Affecting Oil Prices This Week? (May 20, 2024)
U.S. economic activity, geopolitical uncertainty in the Middle East and the U.S.' recent hike in Chinese EV import duties all have a hand in the sway of oil prices this week.