Darren
Barbee
Oil and Gas Investor
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Opinion: The Good, The Bad, The Climate Bill
The Inflation Reduction Act may seem like a setback for the energy industry, but there are good and bad aspects for oil and gas executives to ponder.
Talos Energy CEO Touts Inflation Bill for Offshore Leases, Carbon Capture
Talos Energy President and CEO Tim Duncan said offshore lease sales, which could be restored by the Inflation Reduction Act, are a key component of the company’s Gulf of Mexico strategy.
Key Oil and Gas Funding Mechanism Spared in Landmark ‘Clean Energy’ Bill
Private companies produce some 60% of U.S. supply, making Sinema’s private equity amendment to the Inflation Reduction Act more important to fossil fuel finance than the “green bill” description might suggest.
Federal Leasing Costs Hiked Under Democrats’ New Inflation and Climate Bill
Even window shopping for acreage, or submitting an official expression of interest in an area for potential auction by federal land authorities, would carry a $5 per acre cost if the bill is passed.
The Latest
bp Solar Joint Venture Expanding in Australia with Two New Projects
Through Lightsource bp's development of two new Australian solar farms, it will become the country's biggest solar developer by capacity.
August 16, 2022
Analysis: Oil, Gas Companies to Bear Brunt of New Taxes from Inflation Reduction Act
Oil and gas producers will see new taxes and fees and their effective cash tax rates rise to 15% compared to other sectors, such as a 5% increase for tech.
August 16, 2022
Oil Industry Gears Up to Tap US Climate Bill for Carbon Capture Projects
“This is going to unlock a significant amount of emissions that could become economic for capture,” Milestone Carbon's Chris Davis said of the $430 billion U.S. climate and tax bill and the carbon capture and storage hubs that will come from it.
August 15, 2022
Calif. Governor Proposes $1.4 Billion Loan to Keep Nuclear Plant Open
Decision to reconsider retirement of Diablo Canyon plant stems from rolling blackouts in 2020.
August 15, 2022
Venezuelan Oil Continues Slow Recovery Trajectory
Venezuela is on path to double-digit oil production growth this year compared to last, a feat that last occurred in 2004, according to OPEC data compiled by Hart Energy.
August 15, 2022
Iran Tanker Retrieves Oil Seized by US, Set to Leave Greece
In April, the U.S. commissioned a tanker to impound Iranian oil off the coast of Greece.
August 15, 2022
US Offshore Oil Output to Restart After Pipeline Fix
On Aug. 11, a Shell-operated pipeline leaked approximately 2 bbl of oil into the U.S. Gulf of Mexico.
August 15, 2022
Climate Act Affirms Oil and Gas Role in Energy Future
The Inflation Reduction Act of 2022 is designed to accomplish a number of policy goals. Watch this Two-Minute Drill segment to learn the pluses and minuses.
August 15, 2022
PDVSA Pauses Oil-for-debt Shipments to Europe
OPEC producer Venezuela has suspended new crude oil shipments to Europe under an oil-for-debt deal and instead is seeking fuel in exchange for future cargoes.
August 12, 2022
Italy to Fast Track Permit for New Regasification Vessel
Italy's new regasification vessel should expand the country's LNG import capacity, Italian Ecological Transition Minister Roberto Cingolani reported.
August 12, 2022