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...the shale gas industry is a major employer....
...Two decades ago the US produced about 7mn barrels a day of petroleum and consumed 21mn....
...American oil and gas lobby groups have hit back against Joe Biden’s freeze on new permits for LNG infrastructure, lodging a legal filing that urges the Department of Energy to reconsider the suspension....
...Lying beneath the ice North of the Arctic Circle is the largest unexplored petroleum reserve left on Earth, holding an estimated 412bn barrels of oil and natural gas....
...“[Students have] been told for a very long time that oil and gas is going away and they’re concerned about having long-term careers,” said Jennifer Miskimins, head of petroleum engineering at the Colorado...
...The American Petroleum Institute and six other industry bodies on Monday submitted an “application for rehearing” with the DoE, arguing that the pause on new permits was “unlawful and ill-advised”....
...Occidental Petroleum has agreed to acquire CrownRock, one of the most sought-after US private shale oil producers, in a deal valued at about $12bn, including debt....
...The lawsuit from the American Petroleum Institute, a lobby group, accused the US government of using “every tool at its disposal” to restrict access to resources in federal waters....
...During a visit to Lackawanna College’s School of Petroleum & Natural Gas in the small town of Tunkhannock near Scranton, McCormick alleged Biden had perpetrated “a war on energy” that has undermined US security...
...Read more on Occidental Petroleum here...
...For much of the 19th century, British beer-brewing was dominated by which town in Staffordshire? Which law states that the pressure and volume of a gas are in inverse proportions?...
...These fell below $1.60 per million British thermal units (Btu) in February. That put gas at the bottom of a three decade range. Traders have priced in a fair bit of bearishness....
...Occidental Petroleum in December said it had agreed to pay $12bn for CrownRock and this week APA said it would buy Callon Petroleum for $4.5bn. Most of the deals to date have been oil-focused....
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...Its own financials were not disclosed but Endeavor should contribute about 43 per cent of overall oil and gas production....
...Australia’s largest oil and gas developer has launched a staunch defence of its climate plan ahead of a potentially damaging vote on the issue at its annual meeting next week....
...The last time Occidental Petroleum made a big acquisition, it ended up teetering on the brink of bankruptcy....
...Occidental Petroleum has emerged as the lead contender to buy CrownRock, one of the most sought-after private oil producers in the US shale patch, in a deal valued at about $12.5bn, according to people familiar...
...Mike Sommers, chief executive of the American Petroleum Institute, said oil and gas producers’ success over the past three years had occurred in spite of the president’s “hostile” policy agenda, which would...
...Ust-Luga is a key node in Russia’s energy export system, and includes a gas processing plant and a major port for shipping petroleum products abroad....
...The Offshore Petroleum Licensing Bill requires the North Sea Transition Authority, the industry regulator, to hold annual licensing rounds for drilling for oil and gas....
...Exhibit C: Norway’s continued drilling for oil and gas in the Arctic as well as its increasing use of the argument that it is the main democratic petroleum supplier for Europe....
...Last month, Chesapeake Energy agreed to buy Southwestern Energy for $7.4bn to create the country’s biggest natural gas producer....
...The Strategic Petroleum Reserve has been drawn down in recent years to offset shortfalls sparked by Russia’s full-scale invasion of Ukraine....
...The American Petroleum Institute said that any Biden administration review of LNG approvals was a “really, really big deal”, which threatened to shut down development of the industry and undermine Europe...
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