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Puerto Rico’s government has pulled the plug on contract talks with New Fortress Energy after the island’s federally appointed oversight board declined to approve a proposed $20-billion LNG supply deal, upending years of negotiations and raising questions about the future shape of its energy transition.
Oil & Gas 360 – Landmark 30 th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com DENVER – July 31, 2025 – EnerCom, Inc., Guaranteed.
Businesses are flocking to the region, which is increasingly seen as a high-performance zone for energy, buoyed by consistent government support, low business costs, booming project activity and policies that actively reward private sector growth. That pragmatism is why it's now the global magnet for talent and capital.
Businesses are flocking to the region, which is increasingly seen as a high-performance zone for energy, buoyed by consistent government support, low business costs, booming project activity and policies that actively reward private sector growth. That pragmatism is why it's now the global magnet for talent and capital.
(Oil Price) – The United States looks to replace the deputy executive director of the International Energy Agency (IEA), the second-in-command role in the agency that is usually reserved for a U.S. officials and energy industry insiders familiar with the plan. Department of Energy told POLITICO. Earlier in July, U.S.
0% Brent Crude $68.41 -0.16% Natural Gas $3.58 +0.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA Threatens to Abandon IEA Over Green Leaning Energy Forecasts by Bloomberg | Ari Natter | Wednesday, July 16, 2025 | 4:00 PM EST The agency has predicted that global oil demand will plateau this decade. ” WHAT DO YOU THINK?
CALGARY – Alberta’s energy minister says the government will never use public tax dollars to clean up abandoned oil and gas wells. Brian Jean says it will never be an option, despite a newly leaked government-funded report listing recommendations for how Alberta should reclaim its nearly 80,000 inactive wells.
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. Well Eligibility. Additionality.
On April 19, the United States Government Accountability Office (“GAO”) released a report (the “Report”) in response to a request from the House of Representatives Committee on Natural Resources regarding the oversight and decommissioning of pipelines in federal waters, which are mainly located within the Gulf of Mexico.
On April 19, the United States Government Accountability Office (“GAO”) released a report (the “Report”) in response to a request from the House of Representatives Committee on Natural Resources regarding the oversight and decommissioning of pipelines in federal waters, which are mainly located within the Gulf of Mexico.
Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 energy exports. The post Valor | Energy Connection Feb. GW capacity.
Some of the actions are related to development of renewable energy in Louisiana, whereas others aim to manage emissions. Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. Noteworthy actions include: ACTION 5.6 Associated Submitted Action Proposals: n/a).
Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. For a comprehensive list of energy legislation to be heard in upcoming state legislative sessions, see: [link]. [1] Senate Bill 119 ( S. 1] [link]. [2] 2] [link]. [3] 3] [link]. [4] 4] [link]. [5]
Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. For a comprehensive list of energy legislation to be heard in upcoming state legislative sessions, see: [link]. [1] Massachusetts lawmakers recently re-filed a historic climate bill ( S. 1] [link]. [2]
The old saying about change and things staying the same may itself need to change, especially in the energy sector. Questions about Ownership and More Who owns the CO 2 , what happens to the remaining oil when that CO 2 is injected into partially depleted oil formations, and how long will there be government money to pay for it?
Yesterday, the United States Supreme Court heard oral arguments in the climate change lawsuit filed by the City of Baltimore in 2018 against energy companies. This case is one of a number of cases brought by states, cities, and other municipalities against energy companies alleging that the companies contributed to climate change.
The DOI’s Bureau of Safety and Environmental Enforcement (“BSEE”) is slated to make further revisions to its decommissioning regulations, following other decommissioning amendments made last year as previously reported on The Energy Law Blog. BSEE’s 2024 decommissioning rule would update 30 C.F.R. 250.1403; NTL No. 2023-N02 (March 24, 2023).
While many citizens were critical of government responses being slow in some countries, overall, reactions were substantial and unprecedented. Necessities include food, shelter and energy. The process of planning, safekeeping and operating energy production facilities is a long term process, running into decades.
Yesterday, the United States Supreme Court heard oral arguments in the climate change lawsuit filed by the City of Baltimore in 2018 against energy companies. This case is one of a number of cases brought by states, cities, and other municipalities against energy companies alleging that the companies contributed to climate change.
This month, the Office of Conservation announced its proposal to adopt Statewide Order 29-N-6, which is a set of regulations that would govern the oversight of these wells within the UIC program if the Office of Conservation is granted primacy. A state with UIC primacy oversees the UIC program in that state.
At the time of the collision, the MEL OLIVER, which was pushing ACL’s barge DM-932 fully laden with oil, was operating without a captain who had effectively abandoned the vessel several days earlier. 1] DRD filed for bankruptcy, and a judgment was ultimately issued in favor of the government and against ACL for $20 million.
This month, the Office of Conservation announced its proposal to adopt Statewide Order 26-N-6, which is a set of regulations that would govern the oversight of these wells within the UIC program if the Office of Conservation is granted primacy. [2] into deep rock formations beneath the Earth’s surface.
On April 23, Abbott signed the first law of this years legislative session, a bill creating a new regulation-cutting agency inspired by Elon Musks federal Department of Government Efficiency (DOGE). What this law is going to do is make government more efficient and less costly. million over the next five years. As of press time, S.B.
These developments forced policymakers in oil-producing US states such as Louisiana, Oklahoma, and Texas to intervene to ration oil production with the support of the Federal government. The US government replaced the old system with a communist idea: full-price controls of energy sources! They were managing the market!
The government estimates higher growth, of about 350,000 bpd, but even that would be the smallest increase in the basins oil output since the COVID-19 pandemic. Energy Information Administration. Energy companies market the gas. He said at the same conference that U.S. oil production is already beginning to plateau. TAPPED OUT?
Oil plunged on relief that Tehran’s limited response didn’t target energy supplies. Crude had previously climbed during the 10-day Israel-Iran conflict, amid concerns that Iran could target oil facilities or seek to shut down the Strait of Hormuz, a key energy corridor. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
It is also obvious Donald Trump is firmly in charge of the US Government. Germany, once considered Europes industrial and economic leader, followed such illogical energy policies it is now de-industrializing. The US will not abandon Europe. The EU and the Euro may be abandoned as countries seek their own way to rearm.
The comments came on day two of a ceasefire between Israel and Iran, ending 12 days of conflict that threatened to escalate into a wider regional war and upend energy markets. We’d love to hear from you, join the conversation on the Rigzone Energy Network. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! They can buy it from us.
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