Kinder Morgan Buys Texas Oilfield in Carbon-tax Play, Sources Say

Kinder Morgan's purchase of Avad Energy Partners' assets in West Texas shows how the U.S. Inflation Reduction Act's $60 per metric ton tax credit for carbon sequestration is spurring oil and gas deals.

US to Close Northeast Gasoline Reserve with 1 MMbbl Sale

The Biden administration will sell nearly 1 MMbbl of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on May 21, effectively closing the reserve.

National Petroleum Council: A Realistic Path to Scaling US Hydrogen

A report by the National Petroleum Council, the culmination of about 18 months of work, offered 23 recommendations to help the hydrogen industry grow through 2050.

US Republican Attorneys General Sue to Stop EPA's Carbon Rule

The rule, finalized by President Joe Biden's administration last month as part of an effort to combat climate change, was challenged in three lawsuits filed in the U.S. Court of Appeals for the District of Columbia Circuit.

No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration

Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.

US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say

The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.

Renewed US Sanctions to Complicate Venezuelan Oil Sales, Not Stop Them

Venezuela’s oil exports to world markets will not stop, despite reimposed sanctions by Washington, and will likely continue to flow with the help of Iran—as well as China and Russia.

US Finalizes Big Reforms to Federal Oil, Gas Drilling

Under the new policy, drilling is limited in wildlife and cultural areas and oil and gas companies will pay higher bonding rates to cover the cost of plugging abandoned oil and gas wells, among other higher rates and costs.

The Jones Act: An Old Law on a Voyage to Nowhere

Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.

Exclusive: ‘Reality Has Hit,’ NatGas Not Just a Bridge Fuel, Landrieu Says

The Biden administration's LNG pause is "disappointing" and natural gas is a "solution to energy woes," co-chairs for Natural Allies for a Clean Energy Future Senator Mary Landrieu and Congressman Kendrick Meek told Hart Energy's Jordan Blum at CERAWeek by S&P Global.