News

How Gas Flaring Fell To The Lowest Level In A Decade

How Gas Flaring Fell To The Lowest Level In A Decade

Rystad Energy, OilPrice.com | April 21st, 2022Gas flaring activity in the global upstream sector sunk last year to its lowest level in a decade due to improved productivity, increased environmental awareness, and lower fuel demand caused by Covid-19 lockdowns and travel restrictions, Rystad Energy research shows. Estimates show upstream flaring emitted about 276 million tonnes of carbon dioxide (CO2) in 2021, down marginally from 283 million tonnes in 2020, continuing a downward trend since the onset of the Covid-19 pandemic.

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How Biden drilling plan affects oil, climate politics

How Biden drilling plan affects oil, climate politics

Nick Sobczyk and Scott Streater, E&E News | April 19th, 2022The Interior Department’s move to resume onshore oil and gas leasing and hike royalty rates is scrambling the political talk around energy production after months of efforts by congressional Democrats to overhaul federal drilling.

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Easter is powered by oil and natural gas

Easter is powered by oil and natural gas

Happy Easter New Mexico! Did you know that there are many Easter products powered by oil and natural gas?

 

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Biden Administration Resumes Oil Leases on Federal Land

Biden Administration Resumes Oil Leases on Federal Land

Katy Stech Ferek and Timothy Puko, The Wall Street Journal | April 15th, 2022WASHINGTON—The Biden administration announced lease sales for oil and gas drilling on federal land Friday, but said it would sharply reduce the acreage available for leases and charge higher royalties on the oil and gas produced.

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Why Energy Security Is National Security

Why Energy Security Is National Security

Harriet Hageman, The Federalist | April 5th, 2022In December 2008, Marine Corps Gen. James Jones (retired) wrote in a Wall Street Journal article that “You can’t use the word energy independence. It is not a valid phrase. It is designed to excite people. But it is simply not going to happen.”

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US energy secretary: ‘Critical’ not to rely on oil, gas from other countries

US energy secretary: ‘Critical’ not to rely on oil, gas from other countries

Kristen Altus, Fox Business | March 31st, 2022As President Biden readies a plan to release one million barrels of oil a day from the nation’s oil reserve, U.S. Energy Secretary Jennifer Granholm stressed the importance of energy independence Thursday in a FOX Business interview.

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