Hints and tips:
...Wall Street remains reluctant to fund new drilling campaigns by producers that earned a reputation for profligacy in recent years....
...Last year, when oil prices surged to record highs following Russia’s full-scale invasion of Ukraine, the Biden administration urged shale drillers to pump more oil....
...“We’re drilling wells 10,000 feet underground into these saltwater reservoirs....
...Thanks for reading. — David White House eyes rising pump prices warily The Biden administration is worried about pump prices again....
...Nowhere is this more evident than in the plan to mandate annual licensing rounds for North Sea oil and gas drilling....
...During his time in office, however, he has dialled back some of that initial rhetoric, urging the industry to drill more to counter high prices at the pump and encouraging liquefied natural gas exports to...
...But year by year, efficiency savings stick, the transition to renewable power intensifies, consumers do not return to fossil fuels from heat pumps or electric vehicles and the US keeps drilling and pumping...
...The common theme here is that governments are waking up to the need for a massive acceleration of investment in carbon removal, alongside efforts to reduce the emissions we pump into it....
...We had been drilling vertically through that thin layer of shale over a large area of North Dakota for decades and decades....
...With prices at the pump already elevated — and a risk of geopolitical tensions triggering further increases — they reason that the White House will not want to leave itself open to accusations that it fuelled...
...past month by ExxonMobil and Chevron, the biggest US oil companies, have changed the narrative as bigger operators rush to snap up dwindling resources and build up the inventory needed to allow them to pump...
...Some experts predict businesses will need to overhaul recruitment models if they are to continue to pump oil and pursue new opportunities, such as carbon capture and storage....
...US prices at the pump — one of the most visible signs of inflation — have jumped more than a quarter since the beginning of the year to $3.88 a gallon on Monday, according to AAA, a motorist group....
...Yet his government had already begun backsliding on its climate agenda by signalling that it would grant hundreds more North Sea drilling licences. It is now going further....
...That said, as the election draws near and as prices at the pump remain elevated as they are now, I would expect to see a fair bit of political rhetoric from the Biden administration, from the White House...
...“Instead, they took it as an excuse to tip consumers upside down at the pump every single day of 2022.”...
...MPs from all parties and peers are urging Grant Shapps to block drilling at Rosebank, the UK’s largest undeveloped oilfield....
...In Germany, a bill that in effect bans the installation of gas boilers next year, in favour of heat pumps, has caused outrage due to the expense and the tight deadline....
...Drilling for deals in the Permian Basin As ExxonMobil agreed a $60bn mega-deal and Chevron inked the biggest deal in its history last month, a trio of lesser-known oil producers were quickly becoming the...
...Production at the Groningen gas was reduced to 2.8 bcm per annum last year, the minimum to keep its pumps working, with tremors blamed on drilling causing damages to property in the area....
...The approval process presented a dilemma for President Joe Biden, who vowed on the campaign trail to crack down on new drilling by the oil industry but has since implored producers to pump more oil after...
...The scheme involves drilling boreholes 100 metres underground, where liquid can absorb heat at a constant 10C-12C....
...Bavaria’s geothermal story began in 1983 in the small town of Erding, north-east of Munich, when prospectors drilling for oil found hot water instead....
...between Washington and oil companies has rumbled on since Russia’s full-scale invasion in February sent oil and gas prices surging, feeding into rampant inflation as motorists paid record prices at the pump...
...The White House’s chief energy adviser has described as “un-American” the refusal of US shale investors to ramp up drilling, even as Moscow’s invasion of Ukraine causes havoc on global oil and gas markets...
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