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Congress just overturned a Biden-era rule that had restricted how much of the Arctic National Wildlife Refuge’s Coastal Plain could be leased for oil and gas. The Senate passed the resolution 49-45, using the Congressional Review Act to wipe out a 2024 Interior Department plan that kept large sections of the 1.56-million-acre area off-limits. Federal leasing will now revert to the broader 2020 Trump-era framework that opened essentially the entire Coastal Plain to development. For Alaska’s delegation and regional Native corporations,…
Notions of renewable energy and reducing greenhouse gases are nice, but costly energy prices are forcing a shift in Europe’s priorities. Reuters reported this week that two members of the European Union — Greece and Italy — and the UK are loosening their opposition to new oil and gas drilling, even as the continent builds out renewables to slash greenhouse gas emissions and meet climate targets. Greece in November issued its first offshore oil and gas exploration license in more than 40 years to a trio of companies including Exxon…
Energy Costs Prompt Europe To Reconsider Oil, Gas Opposition Europe’s Green Dreams Buckle Under the Weight of Its Power BillsSoaring Energy Costs Push Europe Back Into Oil and Gas’s ArmsEurope’s Transition Stalls as Voters Rebel Against Sky-High Electricity Prices The Most Boring Oil Month in Years Sets the Stage for a High-Stakes December When Germany earlier this year approved an offshore gas drilling project, it raised a lot of eyebrows. An energy transition champion, a record breaker in wind and solar installations, now Germany…
Pro?West Iraqi Prime Minister Mohammed Shia’ al?Sudani performed strongly in the 11 November parliamentary elections – the seventh since Saddam Hussein’s fall in 2003. With turnout around 56%, Sudani’s Reconstruction and Development Coalition emerged as the largest faction, winning 1.3 million votes out of nearly 11 million cast, beating the pro-Iran State of Law Alliance by 370,000. However, Sudani’s faction still only received 15% of the seats in parliament, totalling 46 out of 329. On the other hand, pro-Iran…
Loadings of crude oil from Chevron’s project in Kazakhstan continue at the CPC terminal at the Russian port of Novorossiysk on the Black Sea, the U.S. supermajor told Reuters after a Ukrainian attack damaged CPC infrastructure this weekend. Chevron holds 50% in Tengizchevroil, the company operating the huge Tengiz field in Kazakhstan, whose exports go through the CPC pipeline to Novorossiysk. The Caspian Pipeline Consortium (CPC) operates the pipeline from the Caspian coast in northwest Kazakhstan to the Novorossiysk port, which…
