CNBC Last week, I watched as President Biden promised a return to the “restless, bold optimism” of yesteryear. Yet even as he opined on his commitment to govern for all Americans, his staff was quietly working to deprive vast swathes of citizens the opportunity to earn a living, lift themselves from poverty, and pursue the American dream. These actions came
Reuters ODESSA, Texas – The top elected official of the largest U.S. oil and gas producing state on Thursday pledged to fight President Joe Biden’s executive orders that he claimed would undercut Texas energy production. In a case of dueling executive orders, Texas Governor Greg Abbott authorized state agencies to bring legal challenges Biden’s policies. Biden on Wednesday unveiled a
Did you just turn 65? The Canada Revenue Agency (CRA) is giving a new gift — a tax c…
Reuters HOUSTON – A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. U.S. shale producers will generate about $73.6 billion in cash from operations this year, up nearly a third over last year, according
Reuters Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration’s order pausing new oil and gas leasing on federal lands. The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators, would require congressional approval for any suspension of fossil-fuel leasing or permitting on public lands and waters. “Federal lands and water
The oil and gas industry is expected to recover strongly in 2021 amid easing COVID-19 pandemi…
Reuters U.S. oil major Exxon Mobil Corp reiterated its support for methane regulations on Thursday, a day after President Joe Biden’s administration came out with a slew of executive orders to address climate-warming greenhouse gas emissions. The orders map out the direction for the Democratic president’s climate change and environmental agenda and reverse policies of his Republican predecessor, Donald Trump,
Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 6 over last week, resulting in a total count of 384 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 174 rigs. Breakdown by region Of the regions tracked by Baker Hughes, 2 regions, the
Canada is one of the best places to be as a senior citizen. There is a slew of available pl…
Reuters NEW YORK – The U.S. oil industry is seeking to forge an alliance with the nation’s corn growers and biofuel producers to lobby against the Biden administration’s push for electric vehicles, but is so far meeting a cool reception, according to multiple sources familiar with the discussions. The effort to promote liquid fuels and combat expected federal subsidies for
Oil and Gas 360 Fourth quarter loss of $665 million; adjusted loss of $11 million Annual capital spending down 35 percent Increased 2020 dividend per share for 33rd consecutive year Chevron Corporation (NYSE: CVX) today reported a loss of $665 million ($(0.33) per share – diluted) for fourth quarter 2020, compared with a loss of $6.6 billion ($(3.51) per
Reuters LONDON – OPEC oil output has risen for a seventh month in January, a Reuters survey found, after the group and allies agreed to ease record supply curbs further, although an involuntary drop in Nigerian exports limited the increase. The 13-member Organization of the Petroleum Exporting Countries is pumping 25.75 million barrels per day (bpd) in January, the survey
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