Legislation

Legislation , Energy Transition

US Grants $1.1 Billion to Keep Diablo Canyon Nuclear Plant Open

Not every nuclear plant that applied is getting funding in the initial phase of the program. Holtec International, which in May bought the Palisades nuclear plant in Michigan, said on Nov. 18 that DOE rejected its application for funding.

November 21, 2022

Legislation , Energy Transition

US Republicans Aim to Shorten EV Mine Permitting After House Win

Republican leaders in the House of Representatives would rather develop lithium, copper and other resources needed for electric vehicles found in the U.S. rather that brought in from other countries.

November 18, 2022

Crude Oil , Legislation , Storage

White House Asks Congress for $500 Million to Modernize SPR

If approved by Congress, the request, issued by the White House on Nov. 14, provides the Department of Energy (DOE) with funding to improve the four SPR sites along the Texas and Louisiana coasts.

November 17, 2022

Field Development , Legislation

Equinor Gets Green Light to Start Sverdrup Phase 2 Output

The second phase of Equinor's Sverdrup oilfield is anticipated to increase the field's output to 755,000 boe/d.

November 17, 2022

Legislation

Norway's Aker BP Wants 'Price Floor' in European Gas Supply Deals

As a condition of entering long-term EU energy crisis deals, Aker BP wants to see a "price floor" on gas.

November 11, 2022

Legislation , Energy Transition

COP27: Biden Says Climate Crisis is About 'Very Life of the Planet'

"He announced a slew of new climate programs, but he couldn't deliver what the developing world most wants — enough money to adapt to climate extremes," the Climate Crisis Advisory Group's Alice Hill said of President Biden's address at COP27 on Nov. 11.

November 11, 2022

Crude Oil , Policy & Regulations , Legislation

Global Recession a Bigger Risk to Russia’s Oil Revenue Than Price Cap: Column

"If there is a global economic slowdown in 2023, Russia’s export revenues could fall by between a third and a half, based on experience over the last two decades," columnist John Kemp shared.

November 11, 2022

Natural Gas , Legislation

Australia Considering Gas Price Cap But Rules Out Mining Tax

Australian Prime Minister Anthony Albanese told a radio station on Nov. 11 that a price cap on gas "is one of the options that is under consideration" to stabilize energy prices.

November 11, 2022

Legislation

Analysis: US Oil, Natural Gas Industry’s Support in Unseating Democrats is Working – Perhaps to its Own Peril

Domestic producers historically – and overwhelmingly – support Republican candidates up and down, but decade after decade, the data shows the industry makes more money when Democrats are in office.

November 11, 2022

Legislation , Emissions

COP27: US Targets Methane in 'Relentless' Emissions Focus

In a new plan to eliminate methane leaks, the U.S. Environmental Protection Agency proposed a program to detect the biggest methane emitting sites and notify the owner, making the leak information public.

November 11, 2022