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EPA Publishes Its 29th Annual U.S. Greenhouse Gas Inventory Report

April 19, 2022

The U.S. Environmental Protection Agency (EPA) released its 29th annual Inventory of U.S. Greenhouse Gas Emissions and Sinks (GHG Inventory), which presents a national-level overview of annual greenhouse gas emissions from 1990 to 2020. Net U.S. greenhouse gas emissions were 5,222.4 million

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Dr. Joseph DeCarolis Joins EIA as New Administrator

April 19, 2022

Dr. Joseph DeCarolis entered service last week as the 10th Administrator of the U.S. Energy Information Administration (EIA). DeCarolis will be responsible for directing the U.S. government’s primary energy statistical and analytical agency. “I’m delighted to have Joe on board

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Wishing Everyone a Blessed Easter Weekend

April 15, 2022

Easter is filled with many lessons of loss, love, and faith. It grounds us with the blessings we have received through out our lives. Each and every year, we are reminded of the path Jesus took to save us. It

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Phillips 66 Names Mark Lashier as Next CEO, Replacing Greg Garland

April 14, 2022

Phillips 66 has named its current president and chief operating officer, Mark Lashier, as president and chief executive officer effective July 1. Lashier will succeed Greg Garland, who will remain as executive chairman of the board of directors until he

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Baker Hughes to Acquire Altus to Strengthen Its Oil & Gas Integrated Well Intervention Solutions

April 14, 2022

Baker Hughes said it is acquiring Altus Intervention, a leading international provider of well intervention services and down-hole oil & gas technology with 40 years of industry experience. The acquisition complements Baker Hughes’ existing portfolio of oilfield technologies and integrated

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US-based Natural Gas Producer Caerus Exploring $2.5 Billion Sale

April 14, 2022

Caerus Oil and Gas, a US-based natural gas producer in the Rocky Mountain region, is reportedly exploring a sale that could value it at over $2.5 billion, inclusive of the company’s debt. In late 2021, the Denver-based firm received an

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Biden’s Hydrogen Hub Plan Sparks $8 Billion Race Among U.S. States

April 13, 2022

A hydrogen economy that runs factories and power plants on the clean-burning fuel may be years down the road, but that hasn’t stopped U.S. states from jockeying for a share of the $8 billion in federal funds earmarked for so-called

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Murphy Oil Draws First Oil at King’s Quay FPS in U.S. Gulf of Mexico

April 13, 2022

Murphy Oil has drawn first oil from the Khaleesi, Mormont, and Samurai project in the deepwater U.S. Gulf of Mexico through the King’s Quay floating production system (King’s Quay FPS). The field development project is made up of the Khaleesi

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Banks’ Net-zero Lending Ambitions Hit Snags in Oil-rich Canada

April 13, 2022

Canada’s banks have only just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands

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Saudi Arabia Leads OPEC Decision to Drop IEA Data as U.S. Ties Fray

April 13, 2022

A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter said, adding to strain on ties between Riyadh and

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