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Obama to Block New Arctic Drilling
November 18, 2016
President Obama is planning in the coming days to release an offshore oil and natural gas plan that blocks new drilling leases in the Arctic Ocean through 2022, people familiar with the plan said. The decision is part of the
McConnell Asks Trump to Approve Keystone Pipeline
November 18, 2016
Senate Majority Leader Mitch McConnell (R-Ky.) asked President-elect Donald Trump to prioritize approving the Keystone XL pipeline at their Thursday meeting. McConnell told reporters Friday that Keystone was one of the top priorities that he asked Trump to take on
Permian Basin’s Wolfcamp Formation Called Biggest Shale Oil Field in U.S., Texas
November 18, 2016
In a troubled oil world, the Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of
Falling Carbon Emissions Have Little to Do With EPA Regulations; Fracking Good for Planet
November 18, 2016
Scientists found that American carbon dioxide (CO2) emissions fell again for the third straight year because of hydraulic fracturing — or “fracking” — and not environmental regulations, according to new data. Early projections from researchers at the Global Carbon Project
GOP Vows to Fight New Methane Rule for Oil and Gas Markets
November 17, 2016
The Interior Department on Tuesday issued its long-awaited rule to slash methane emissions at drilling sites on federal land. But despite the agency’s promise that the rule will help tackle greenhouse gas emissions, Republicans are already bullish on blocking the
Global Data: Donald Trump Win Could Significantly Impact Global Oil and Gas Industry
November 16, 2016
Donald Trump’s election as the 45th President of the US is expected to have significant effects for the global oil and gas industry, says GlobalData. “Donald Trump’s election as the 45th President of the United States may have significant effects
American Petroleum Institute Expects Friendly Oil and Gas Policies from Trump
November 16, 2016
American Petroleum Institute (API) President and CEO Jack Gerard said that he expects friendly policies from newly elected US president Donald Trump for oil and gas industry to boost jobs. “We look forward to working with the new administration on
Donald Trump’s Election May Raise Prospects for Oil and Coal Sector
November 16, 2016
Donald Trump’s election as the new US President is expected to be a positive for the coal miners, oil companies but could weigh on clean energy companies prospects. During his election campaigns, Trump stressed that he would revise regulations pertaining
ConocoPhillips to Divest Up to $8 Billion Worth of Natural Gas Assets, North America
November 16, 2016
US based independent oil producer ConocoPhillips is planning to divest up to $8bn worth of North American natural gas assets in a bid to generate funds to bolster operations. The firm has also announced an initial $3bn share repurchase program
Army Corps Wants More Study on Dakota Access Oil Pipeline
November 16, 2016
The Army Corps of Engineers on Monday said it has finished a review of the disputed Dakota Access pipeline but wants more study and tribal input before deciding whether to allow it to cross under a Missouri River reservoir in
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