Nasdaq NEW YORK/WASHINGTON – U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle soaring energy prices, according to regulatory filings and corporate lawyers. The slowdown comes amid growing pressure on policymakers to respond to
World Oil WASHINGTON (Bloomberg) –Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing. She said the review would seek to restore balance on uses of some 245 million acres (99 million hectares) of government land
Nasdaq A Biden administration report on federal oil and gas leasing is undergoing an interagency review and should be published soon, an Interior Department official said on Tuesday. “Reports like this that come at the direction of an executive order do go through an appropriate interagency and White House review process,” Laura Daniel-Davis said during a Senate Energy and Natural
World Oil (Bloomberg) –California is asking the federal government to declare an “electric reliability emergency” so the Golden State can lean more heavily on fossil fuels to avoid blackouts. The state’s main grid operator wants the U.S. Department of Energy to suspend air-pollution rules for some natural gas-burning power plants in case their output is needed “to meet demand in
World Oil WASHINGTON (Bloomberg) –Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress. The proposal by a House panel would provide $150 billion to help spur electric providers to add more clean energy through a system
World Oil WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful. The Interior Department said it planned to issue a formal notice in September to reschedule a Gulf lease auction and would take steps
World Oil (Bloomberg) –The Trump administration’s approval of a ConocoPhillips oil field project on Alaska’s Northern Slope was rescinded by a federal judge who said it failed to adequately protect polar bears and didn’t properly consider the effects on climate change. Federal officials also failed to properly consider the Willow project’s possible harm to Teshekpuk Lake, U.S. District Judge Sharon
World Oil (Bloomberg) –The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators. Texas Railroad Commissioner Jim Wright, who sits on the powerful agency that oversees drilling in the biggest oil-producing states, advocated tax credits for gas pipelines, storage projects and power plants. Such
Nasdaq The Biden administration said on Tuesday it would conduct a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge. The widely anticipated move comes two months after the Department of Interior said it would suspend drilling leases handed out for the refuge during the final days of the Trump administration. During his campaign, President
Fox Business The Treasury Department will begin taking special cash-preservation measures on Monday to prevent the U.S. government from defaulting on its debt after Congress missed a key deadline to raise or suspend the borrowing limit. The debt ceiling, which is currently around $22 trillion, is the legal limit on the total amount of debt that the federal government can
World Oil WASHINGTON (Bloomberg) –Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why. “We are evaluating our options,” Haaland told the Senate Energy and Natural Resources Committee amid sharp criticism from Republicans. “There’s a
Reuters The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday an Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE TTEF.PA, manipulated the natural gas market in 2009-2012. The case, which has dragged on for years, is the biggest of FERC’s ongoing disputes over alleged power and gas market manipulation, some
