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Oil & Gas News by RIGZONE - leading source of the latest news and insights for the oil & gas industry. All red states but one. Texas Lt. Gov. Swinging the energy policy pendulum all the way to the left will have serious consequences for Biden, Democrats and the country, maybe not today, but certainly in the near future. All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more. Quotes displayed in real-time or delayed by at least 15 minutes. Get Cabot Oil & Gas Corp (COG:NYSE) real-time stock quotes, news, price and financial information from CNBC. What Will Biden's Paris Decision Mean for US Oil and Gas? Powered and implemented by FactSet Digital Solutions. The leases account for about one quarter of annual U.S. production and most acutely impact several Western states, namely Colorado, Utah, Wyoming, North Dakota and New Mexico. Notable goals to be sure. And just when we thought it could get no worse, a frigid mid-February storm knocked out electricity all across Texas, resulting in one of the biggest oil production disruptions in recent history. Is the ‘resource curse’ resonating over our oil and gas sector? -says key insurance document still to be signed Powered and implemented by FactSet Digital Solutions. Dan Patrick on the state's energy crisis: 'We'll be in good shape by tomorrow', one of the biggest oil production disruptions in recent history, Health Network CEO Robert Garrett: COVID can be defeated -- here's why I'm optimistic, Tom Del Beccaro: Newsom must go – here's what California needs from its next governor, Newt Gingrich: Speaker Pelosi, tear down this fence around US Capitol. IN THE NEWS OGM COVID-19 Response. Quotes displayed in real-time or delayed by at least 15 minutes. According to the suit, California regulators approved nearly 2,000 new oil and gas permits without proper environmental review. Introduction And just to show his resolve, the president also directed the Office of Management and Budget to "eliminate fossil fuel subsidies from the budget request for FY 2022 and thereafter.". Subsea.Org is the leading oil and gas industry company directory and search engine providing industry professionals with a massive collection of industry information on oil and gas companies, products, projects, pipelines, drilling rigs, subsea jobs and careers, oil and gas jobs, conferences, events and exhibitions, news and other useful technical information. Engineers working on Exxon’s oil platform compressor which malfunctioned again last month are considering technical recommendations for upgrades, as flaring offshore continues and the company again assured all was being done to swiftly remedy the issue. And their hands are anything but clean when it comes to exploiting poor, minority and indigenous people in the developing world, especially Africa. In that sense alone, the president’s decision was premature, ill-advised and could prove to be one of his worst. This material may not be published, broadcast, rewritten, Texas Gov. Comments ... she requested that the school disclose who is funding research related to oil and gas, coal, carbon capture and climate change, as … Stay updated with Oil news, energy news, gas news through: articles, blogs, videos, project updates and interviews with movers and shakers of oil, gas and energy sector. Oil and gas are not one of them. More than five years after bursting into the global oil & gas spotlight following the discovery by a consortium led by the US oil giant ExxonMobil of an excess of 8 billion barrels of oil off the country’s coast, the Guyanese populace as a whole still know shockingly little about the industry as a whole or about when or how the country will be impacted by the returns from a sector which we are told will remove the country from the condition of impoverishment in which it has been caught fast for more than half a century. Then he savaged the Electric Reliability Council of Texas (ERCOT), which manages the Texas-only power grid. Domestic oil production has increased steadily over the last ten years. And now, the advent of tighter regulations threatens to depress earnings even further. But he has notably "gone easier on another … There is no dearth of pressing policy problems in America today. -- Wyoming lawmakers are considering a bill that would cut severance taxes paid by oil and gas companies from 6% to 3%. All rights reserved. Mutual Fund and ETF data provided by Refinitiv Lipper. And yet, one of his first official actions was to stop the Keystone XL pipeline cold in its tracks and to sign an Executive Order that will "pause new oil and natural gas leases on public lands" indefinitely. ExxonMobil yesterday confirmed that the third stage flash gas compressor that malfunctioned recently and other key parts from the offshore Liza Destiny Floating Production, Storage and Offloading (FPSO) oil platform have arrived in Germany and are being disassembled for inspection and assessment. TEXAS ICE STORM DAMAGES TREES, LEAVES OVER 58,000 WITHOUT POWER. Former Executive Director of the Environmental Protection Agency (EPA) Dr Vincent Adams on Saturday said ExxonMobil only needs to cut back oil production by 15,000 barrels of oil per day (bpd) from its last given figures of 120,000 bpd in order to bring flaring into compliance with the Liza-1 permit. All the latest news and commentary on the new Guyana Oil and Gas sector include exploration, drilling, policy, impact and more. Frontera Energy Corporation yesterday disclosed that a total of 32 drill prospects have been identified in the offshore Corentyne and Demerara blocks. How Oil and Gas Drilling Could Disrupt the Arctic National Wildlife Refuge. Adonis Hoffman is CEO of the Advisory Counsel, LLC. ©2021 FOX News Network, LLC. Table 1 shows various estimated GDP growth rates data for Guyana in 2020. In our efforts to address COVID- 19 and per direction from the Governor's Office, the Division of Oil, Gas and Mining is implementing teleworking where possible. Africa Oil+Gas Report is the premier source of energy intelligence and hydrocarbon trend interpretation on the African market. The oil, gas and chemicals industry in the U.S. eliminated over 107,000 jobs over three-quarters of them just in 2020 alone. Greg Abbott (R) went on Fox News and blamed frozen wind turbines for what was mostly a problem with natural gas–fueled power supply. The U.S. Department of the Interior has approved a plan to auction off leases for oil and gas development in the refuge. Energy policy may be one of the few areas where such comity can be achieved by working with Red State governors and Senators. NEWS. Testing has begun on the faulty flash gas compressor which had to be resent to the manufacturers in Germany last month, ExxonMobil stated yesterday while reiterating that flaring continues daily offshore at some 16 million cubic feet of gas per day. Guyana News Guyana earns US$61m from latest oil lift HOUSTON,  (Reuters) – Exxon Mobil Corp today unveiled plans to grow dividends and curb spending with projections that were muted from previous years after the top U.S. With projections for the production of 220,000 barrels of oil per day from 2023 and 500,000 by 2025, ExxonMobil yesterday said that the Houston, East Bank Demerara shore base alone will not suffice and has advertised for firms to show their onshore support services capabilities. Net imports, mainly petroleum, accounted for less than 4% of the total U.S. energy supply in 2018, versus 26% a decade earlier. Introduction It is designed to give readers an informative overview of the month's major industry news while focusing on market reviews, product and technical information, directories, events and objective profiles. All rights reserved. The United States has become the world’s largest producer of both oil and gas, leading Saudi Arabia in 2018 and Russia in 2011. Arguably, it is not where the majority of Americans, including the 80 million that voted for Democrats, stand on energy policy. Legal Statement. Log in for full access to stabroeknews.com. It is one thing to embrace the principles of the Green New Deal in the throes of a tight primary election. He promised on his seventh day in office that "we’re never going to forget the men and women who dug the coal and built the nation. Oil and gas imperialism at one point replaced erstwhile colonial structures of a bygone era. Trending Now . CHEYENNE, Wyo. The U.S. pumped over 2 billion barrels more of crude oil in 2019 than in 2009.

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