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Home Business (page 14)

Business

Interior postpones March oil leases onshore and offshore

By Michael
February 13, 2021
in :  Business
Comments Off on Interior postpones March oil leases onshore and offshore
2,756

NEW ORLEANS (AP) — The Interior Department said Friday that it is postponing onshore and offshore oil lease sales planned for next month in line with President Joe Biden’s executive order on climate change. The Jan. 27 order instructed federal agencies to suspend oil and gas leasing until the leasing program is reviewed. In separate orders Friday, the Bureau of …

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AP sources: Biden to pause oil drilling on federal lands

By Michael
January 26, 2021
in :  Business, National/World News
Comments Off on AP sources: Biden to pause oil drilling on federal lands
3,428

WASHINGTON (AP) — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Two people with knowledge of Biden’s plans outlined the proposed moratorium, which will be announced Wednesday. They asked not …

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Biden halts oil and gas leases on US land, water for 60 days

By Michael
January 21, 2021
in :  Business
Comments Off on Biden halts oil and gas leases on US land, water for 60 days
5,390

BILLINGS, Mont. (AP) — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and end the leasing of …

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Biden halts oil and gas leases on US land, water for 60 days

By Michael
January 21, 2021
in :  Business
Comments Off on Biden halts oil and gas leases on US land, water for 60 days
6,055

BILLINGS, Mont. (AP) — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and end the leasing of …

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Biden’s climate steps could have big impact on energy firms

By Michael
January 21, 2021
in :  Business
Comments Off on Biden’s climate steps could have big impact on energy firms
3,265

NEW YORK (AP) — President Joe Biden has put his team to work reviewing dozens of actions taken by former President Donald Trump, aiming to reverse orders that he says harm the environment or endanger public health. For the energy and auto industries, the impact could be far-reaching. Biden aims to reduce harmful emissions from cars, trucks and SUVs. Oil …

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Biden’s climate steps could have big impact on energy firms

By Michael
January 21, 2021
in :  Business
Comments Off on Biden’s climate steps could have big impact on energy firms
3,925

NEW YORK (AP) — President Joe Biden has put his team to work reviewing dozens of actions taken by former President Donald Trump, aiming to reverse orders that he says harm the environment or endanger public health. For the energy and auto industries, the impact could be far-reaching. Biden aims to reduce harmful emissions from cars, trucks and SUVs. Oil …

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Oil companies lock in drilling, challenging Biden on climate

By Michael
January 11, 2021
in :  Business, National/World News
Comments Off on Oil companies lock in drilling, challenging Biden on climate
3,116

BILLINGS, Mont. (AP) — In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. An Associated Press analysis of government data shows the permit stockpiling …

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Saudis take on burden of oil output cut to support price

By Michael
January 5, 2021
in :  Business
Comments Off on Saudis take on burden of oil output cut to support price
2,650

FRANKFURT, Germany (AP) — Saudi Arabia said Tuesday it will cut its oil production by 1 million barrels a day, taking on the burden of supporting prices in the energy market as a “goodwill gesture” after a meeting with other crude-producing countries. The decision came after a meeting between countries that are part of the OPEC oil cartel and allies …

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Methane report prompts state to ‘call for action’ on oilfield rules

By Michael
December 24, 2020
in :  Business, Local News
Comments Off on Methane report prompts state to ‘call for action’ on oilfield rules
5,345

Providing more than a third of the state’s fiscal year 2020 budget, the oil and gas industry came under attack this week from both the U.S. Environmental Protection Agency and the New Mexico Environment Department. A new analysis from the nonpartisan New Mexico Tax Research Institute reports state revenue from oil and natural gas production in New Mexico totaled $2.8 …

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Oil and gas deliver revenues to New Mexico despite pandemic

By Michael
December 22, 2020
in :  Business, State/Regional News
Comments Off on Oil and gas deliver revenues to New Mexico despite pandemic
4,531

ALBUQUERQUE, N.M. (AP) — Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday. The New Mexico Oil and Gas Association commissioned the nonprofit New Mexico Tax Policy …

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