Biden Oil, Gas Drilling Ban Doesn’t Apply To Tribal Lands
A temporary ban on oil and gas drilling across federal lands and waters will exclude tribal lands, the White House said in a fact sheet released yesterday, after some Native Continue Reading
Chevron’s Gulf of Mexico operation may be most at risk from Biden oil and gas policy proposals
More restrictive oil and gas leasing, permitting and drilling on US federal lands and waters proposed by the Biden administration cast a wide net, but lack critical details and the Continue Reading
Biden’s Freeze on Drilling Leases Disrupts New Mexico
Lance Wilbanks was looking forward to a rebirth for his trucking company, which saw its business hauling drilling rigs across southeastern New Mexico drop from around two dozen a month Continue Reading
Republican bill seeks to block Biden’s federal lands oil leasing halt
Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration’s order pausing new oil and gas leasing on federal lands. The bill, introduced by Senator Continue Reading
U.S. Pauses Rule That Says Banks Can’t Reject Loans To Oil & Gas
The Office of the Comptroller of the Currency (OCC) is pausing the publication of a rule that would make large American banks unable to deny lending money to oil and Continue Reading
Biden order indefinitely postpones March lease sales in Gulf of Mexico, Western states
President Joe Biden’s new moratorium on oil and gas lease sales will indefinitely postpone all lease sales previously scheduled under the Trump administration for both onshore acreage and for parcels Continue Reading
Biden climate order poses questions for gas project finance, LNG efforts
Efforts to curtail financing of international fossil fuel infrastructure development received a substantial boost from the Biden administration’s broad climate executive order rolled out Jan. 28. Receive daily email alerts, Continue Reading
Biden Ban Could Hit Deepwater GOM Hardest
President Joe Biden’s temporary halt to drilling on federal lands leaves the vast majority of U.S. crude production untouched, though it may be the death knell for the Gulf of Continue Reading
Big Oil Knows How This Is Going To Go
The “supermajor” oil companies collectively known as Big Oil are having a time of it , in large part because of the pandemic, obviously, but also because we are swiftly Continue Reading
US crude stocks see largest draw since July as exports surge, imports slow
Highlights Commercial crude stocks fall 9.91 million barrels Exports up 49%, imports down 16% Gasoline stocks climb as demand slows New York — US crude oil inventories moved sharply lower Continue Reading