Dec 05 Maduro orders the ‘immediate’ exploitation of oil, gas and mines in Guyana’s Essequibo region By Associated Press The announcement came a day a day after Maduro got the victory he sought in a weekend referendum on whether to claim sovereignty over the region. Continue reading
Dec 02 Oil companies pledge at COP28 to slash methane pollution, but critics call it a ‘smokescreen’ By Jon Gambrell, Peter Prengaman, Seth Borenstein, Associated Press Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year's United Nations climate talks said Saturday. Continue reading
Dec 02 Watch 7:47 What to know about the COP28 deal and new U.S. rules to cut methane emissions By John Yang, Murrey Jacobson, Lorna Baldwin, Andrew Corkery At COP28 on Saturday, 50 oil and gas companies — including industry giants ExxonMobil, Shell and BP — pledged to reduce methane emissions to “near zero” by 2030. At the same time, the Biden administration announced new rules to enforce… Continue watching
Nov 29 COP28 leader denies report alleging UAE wanted to seek oil deals in summit By Jon Gambrell, Malak Harb, Associated Press The Emirati president-designate for the upcoming United Nations COP28 climate talks has forcefully denied a report alleging his nation planned to use the summit to strike oil and gas deals, a day before the summit was due to begin. Continue reading
Nov 23 New report says oil and gas sector must slash planet-warming operations to avoid climate disaster By Sibi Arasu, Associated Press The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change. That's according to a report released Thursday. Continue reading
Nov 02 Sale of federal oil and gas leases in Gulf of Mexico on hold pending hearings on whale protections By Kevin McGill, Associated Press Bidding on the leases had been set for next Wednesday. President Joe Biden's administration announced the sale earlier this year. But it was scaled back by millions of acres as part of an agreement to protect the endangered Rice's whale. Continue reading
Oct 23 Chevron buys Hess in 2nd recent major fossil fuel industry buyout By Michelle Chapman, Associated Press The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Crude prices are up 9% this year and have been hovering around $90 per barrel for about… Continue reading
Oct 19 Federal regulators approve natural gas pipeline expansion in the Pacific Northwest By Claire Rush, Associated Press/Report for America The Federal Energy Regulatory Commission on Thursday approved the expansion of a natural gas pipeline in the Pacific Northwest over the protest of environmental groups and top officials in West Coast states, who said it goes against the region’s plans to address… Continue reading
Sep 29 Biden calls for more oil and gas lease sales in the Gulf of Mexico, disappointing all sides By Matthew Daly, Matthew Brown, Associated Press Biden is trying to navigate between energy companies that have pressed for greater oil and gas production and environmental activists who have urged Biden to shut down new offshore drilling in the fight against climate change. Continue reading
Sep 25 How oil price hikes boost Russia’s war as drivers pay more for gas By David McHugh, Associated Press Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year. Russia also is cutting back, and less supply means higher prices. Continue reading