Court upholds offshore leasing bans reinstated by Biden
The 9th Circuit Court of Appeals on Tuesday reaffirmed Obama-era...
The 9th Circuit Court of Appeals on Tuesday reaffirmed Obama-era bans on offshore oil leasing in most federal Arctic and Atlantic waters that were restored by President Joe Biden after the Trump administration tried to undo them. "Because the terms of the challenged Executive Order are no longer in effect, the relevant areas of the OCS [outer continental shelf] in the Chukchi Sea, Beaufort Sea, and the Atlantic Ocean will be withdrawn from exploration and development activities regardless of the outcome of these appeals," the court ruling said.
First Venture Capital Fund Dedicated to Energy Transition in Texas Launches
The first venture fund in Texas exclusively dedicated to investing in energy transition technologies...
The first venture fund in Texas exclusively dedicated to investing in energy transition technologies has launched. Based in Houston, the fund, Energy Transition Ventures (ETV), is set to invest in early-stage startups driving or benefitting from the energy transition off fossil fuels, across categories including distributed energy, electrification, mobility, and resource efficiency, said a release from April 13.
Native Americans in New Mexico want more restrictions on oil and gas leasing
A renewed call for a continued crackdown on federal oil and gas leasing near Native American religious...
A renewed call for a continued crackdown on federal oil and gas leasing near Native American religious and historic sites came out of a gathering this week of environmentalists and Native American activists in Albuquerque, New Mexico.
They expressed particular concern about the Chaco Culture National Historical Park in northwestern New Mexico reported the Associated Press.
Sourced from OK Energy Today. Click herefor the Associated Press article.
Oil to hit $40 by 2030 if climate goals are met: consultancy
LONDON (Reuters) Global oil prices could drop to around $40 a barrel by 2030 if governments...
LONDON (Reuters) Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday.
As a result, oil prices would begin to slip later this decade, WoodMac said in its report. Under its Accelerated Energy Transition scenario, it expects Brent crude prices to average $40 per barrel by 2030, compared with current prices of around $65 a barrel.
Total suspends all new gas exploration near the coast of South Africa
Total Petroleum has stopped exploring for gas in...
Total Petroleum has stopped exploring for gas in South African waters, choosing to rather focus on developing two world-class gas discoveries it made near Mossel Bay in 2019 and 2020.
The company is going ahead despite concerns that the government is dragging its feet in finalizing oilandgas legislation.
The two gas fields discovered by Total – BrulpaddaandLuiperd – is located about 175 kilometers off the south coast.
Total says Brulpadda may contain up to a billion barrels of oil equivalent while the Luiperd find is even bigger.
