Switching to an all-renewable energy supply sounds good in theory, but the rhetoric elides the need for reliability and overlooks the critical role oil and gas plays in supporting the renewables supply chain.
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Oct. 8, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.
U.S. taxpayers could be left footing a bill of tens or even hundreds of billions of dollars to clean up oil and gas wells, a new report says.
U.S. President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from Canada’s oil sands to ports in Alaska, a project that still faces numerous hurdles.
The most impactful of rule changes within SB 181 involves extending setbacks, set to affect Colorado oil and gas operators PDC Energy, Extraction Oil & Gas and Occidental Petroleum, an RS Energy analyst says.
Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.
Mexican President Andres Manuel Lopez Obrador said on Sept. 24 he may reverse Mexico’s 2013-2014 energy liberalization next year if he is unable to “rescue” state oil company Petroleos Mexicanos and electricity utility CFE with existing laws.
The lawsuit targets two policy amendments announced by the Environmental Protection Agency in August that roll back methane emissions curbs on the oil and gas industry and weaken requirements for leak detection.
Democratic candidate Joe Biden has stated that he does not want to ban fracking outright. However, his climate plan includes banning new oil and gas permits on public lands