The Latest

Policy & Regulations

Why Big Oil’s ‘Cleantech’ Investment is Getting Bigger

Cleantech is expected to remain a dominant investment theme among oil majors as sustainability and ESG become more prominent features of company strategies.

January 26, 2022

Legislation

Top US Oil States Vie for Carbon Capture Oversight to Speed Up Permits

Giving states primacy over regulating carbon injection wells can speed up the permitting process through greater efficiency and less red tape, said Marcella Burke, a partner with law firm King & Spalding and former deputy general counsel at the EPA.

January 26, 2022

Emissions

Chevron Places Order for American Robotics’ Automated Drones

“With Scout System, we are providing the oil and gas industry with a dramatically more efficient and effective way to manage, monitor, and inspect their assets,” Reese Mozer, CEO and co-founder of American Robotics, said.

January 26, 2022

Crude Oil

Oil Rises Towards $89 on Russia-Ukraine Tension

Underlining a tight supply and demand balance, the weekly U.S. inventory report from the American Petroleum Institute on Jan. 25 showed crude oil stocks fell by 872,000 barrels, market sources said.

January 26, 2022

Crude Oil

US Awards 13 Million Barrel Exchange of Crude Oil from Strategic Reserve

The Biden administration announced a plan in November to release up to 50 million barrels from the SPR after oil prices hit seven-year highs.

January 25, 2022

Liquefied Natural Gas (LNG)

US Seeks to Protect Europe’s Energy Supplies if Russia Invades Ukraine

Reporters asked Biden if he would see himself imposing sanctions on Putin if the Russian president invaded Ukraine. “Yes,” Biden responded. “I would see that.”

January 25, 2022

Infrastructure

US Court Vacates Federal Permit for Mountain Valley Natgas Pipeline

When Mountain Valley construction started in February 2018, Equitrans Midstream estimated the 303-mile (488-km), 2 Bcf/d project would cost about $3.5 billion and enter service by late 2018.

January 25, 2022

Public Capital

‘ESG Now Impacts All Access to Capital,’ Energy Consultant Says

ESG profiles validated by quantifiable data are the “meat and potatoes” oil and gas investors are seeking for their capital support, says Pickering Energy Partners’ Daniel Romito.

January 25, 2022

Markets

Secretary Granholm Airs Concerns over Mexico Energy Plan

U.S. Energy Secretary Jennifer Granholm also said she had been assured Mexico is committed to supporting clean energy and working out current disputes with projects within the rule of law.

January 24, 2022

Emissions

The Net-zero Clock is Ticking: Is the Oil and Gas Industry Prepared?

The time to transform the energy space is here and the business case for energy transition is stronger than ever. The question remains, is the fossil fuel industry ready?

January 24, 2022