(World Oil) – U.S. shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump’s tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey. Almost half of oil executives said they expect to drill fewer wells in 2025 than planned at
(Investing) – The administration of U.S. President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation’s largest tract of undisturbed public land. The move is consistent with Trump’s goal to slash regulations for oil and gas development and increase domestic fuels production as part of his energy agenda.
(World Oil) – The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the U.S. Supreme Court rebuffed a Republican bid to derail such legal efforts. The U.S. claims the anticipated lawsuits interfere with federal policy on greenhouse gas regulation and are an
(Oil Price) – Since coming into power, U.S. President Donald Trump has made his intention to pivot away from green energy in favour of fossil fuels clear. During his first month in office, he signed executive orders aimed at boosting U.S. oil and gas production and exports by declaring a national energy emergency, removing regulatory barriers, and expediting permitting approval for oil and
(Oil & Gas 360) – A hallmark of democracy is that, after an election, the losing parties accept the results and become the “loyal opposition”. As such, they accept the results and loyally support the government with alert scrutiny of its actions to guide their informed criticism expressed within customary procedures of civil discourse. Occasional heated expressions of unacceptable language do
(World Oil) – With the inauguration of U.S. President Donald Trump on January 20, the future of American involvement in Africa’s energy sector is set for a significant shift. President Trump’s approach to energy has consistently focused on strengthening American interests, particularly by prioritizing domestic energy production. However, as he aims to reinforce America’s global position, especially in energy-rich regions like
Oil & Gas 360- Eighty-three years ago the United States pivoted its foreign policy attention to the Indo-Pacific following Japanese military attacks on US Territories of Hawaii and the Philippines. Shortly thereafter, it also found itself in a war in Europe as well. It could not pivot away from either Europe or the Indo-Pacific. Twenty-first century US foreign policy attention has
(World Oil) – The head of Liberty Energy Inc., the world’s second-largest fracing services company, has gained prominent endorsements as a potential pick for Donald Trump’s energy secretary. While Chris Wright has no Washington experience, he’s made a name for himself as a vocal proponent of fossil fuels, touting their ability to raise living standards with cheap energy, while downplaying
(Oil & Gas 360) – “Now comes the hard part.” That’s the reality confronting every victor in a Presidential election. After nearly nine years of placing domestic energy as one of the foundations of his “America First” platform, newly elected President Donald Trump is expected to quickly alter or outright eliminate several of the energy policies of the outgoing Biden administration.
Reuters The Trump administration on Thursday will offer the oil and gas industry a final chance to secure federal acreage before the inauguration of President-elect Joe Biden, who has pledged to ban new drilling on public lands. The U.S. Bureau of Land Management will auction 37 parcels on 6,851 acres in New Mexico, Texas, Oklahoma and Kansas through the online
Reuters NEW YORK – The Trump administration asked the U.S. Supreme Court this week for an extension to respond to a petition from oil refiners requesting that the court review a decision that cast doubt on a program exempting refiners from biofuel blending obligations. The government’s request would push their response deadline to Dec. 14 from Nov. 12, according to
Reuters WASHINGTON – The Trump administration is seeking to ease a severe cash crunch in the drilling industry by raising loan limits available under a coronavirus stimulus package and by barring lenders from discriminating against drillers, according to Energy Secretary Dan Brouillette. The measures come as oil and gas companies working in shale basins from Texas to Wyoming struggle to
