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...This would include reopening federal land that has been restricted to oil and gas drilling, added Sands....
...The US oil and gas industry is suing the Biden administration over its decision to severely restrict offshore drilling amid a growing industry backlash against its climate and energy policies....
...John Barrasso, the top Republican on the Senate energy and natural resources committee, slammed Biden for “doing all he can to make it economically impossible to produce energy on federal lands”....
...Add to that concerns over habitat and environmental damage along with the potential for oil spills and for many exploiting the Arctic's rich energy resources is a truly unpalatable proposition....
...Yet the pace of oil production growth is set to slow in the coming years, as prime acreage runs low and Wall Street insists on shareholder returns over new drilling campaigns from energy companies....
...Biden’s calls for more drilling....
...In the US, lands leased for oil and gas can also be used for geothermal drilling without having to apply for new permits....
...Last month, Chesapeake Energy agreed to buy Southwestern Energy for $7.4bn to create the country’s biggest natural gas producer....
...in global energy demand....
...Diamondback Energy’s $26bn deal for rival Endeavor Energy this week brought to almost $180bn the value of an oil and gas dealmaking spree that has reverberated across the US shale patch since the beginning...
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
Fear rises in Georgetown as Caracas claims ‘overwhelming’ mandate to exploit deposits in disputed Essequibo region
...Diamondback Energy vowed to hold oil production flat this year, tempering its already modest growth plans and vowing to return more cash to shareholders as operators throttle back on drilling in the Permian...
...On Monday, Diamondback Energy swooped in to buy Endeavor Energy Resources for $26bn, including debt....
...“It’s very important for energy security that we have domestic sources of that kind of energy as we go into transition,” he said....
...any new drilling licences in the basin....
...Much ado about Arctic drilling Drilling in the pristine Alaskan Arctic is an emotive subject....
...For example, Google signed an offtake contract in 2021 with Fervo Energy for a geothermal plant in Nevada, which would use drilling techniques perfected by shale oil frackers to produce fossil-free energy...
...Drilling well sites are a major point of methane leakage in the natural gas supply chain, and SNG producers say they can avoid those emissions, since they produce the fuel under controlled conditions....
...But they also provide access to sophisticated technologies that are vital to support exploration and development of complex drilling operations....
...Overall, Petrobras plans to spend $7.5bn on exploration over the next five years drilling 50 wells, mostly in Brazilian waters....
...Galp asks US regulators to join BP and Shell in a complaint against liquefied natural gas exporter Venture Global that has roiled the LNG market US oil production forecast to reach new heights despite drilling...
...At an energy conference in Oklahoma City last week organised by billionaire shale tycoon Harold Hamm, many companies said the Biden administration’s restrictions on drilling on federal lands and waters,...
...US natural gas companies Chesapeake Energy and Southwestern Energy are closing in on a merger deal that would create the biggest single producer in the country with a combined market value of about $17bn...
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