Tag Archives: United States of America

The oil industry is now supporting U.S. federal methane regulations, after having opposed them in the past. Methane is a powerful greenhouse gas, and emissions have climbed over the past two decades as oil and gas production continued to rise. Now, global efforts to rein in methane pollution are receiving …

U.S. oil major Chevron Corp. on Jan. 29 swung to an $11 million fourth-quarter loss and missed Wall Street expectations as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results. Oil companies are expected to benefit from a bounce-back in oil and gas prices after …

That includes the 163MW Elm Branch and 153MW Briar Creek solar projects that are expected to offset greenhouse gas emissions by a total of 370,000 metric tons annually.

Antony Blinken, Joe Biden’s Secretary of State nominee, said on Tuesday that the new government will use every persuasive tool to stop the construction of the Nord Stream 2 gas pipeline. The statement triggered debate over why Biden’s administration, which voiced multiple times it would repair tattered transatlantic ties, persists …

U.S. President Joe Biden on Wednesday signed an executive order to revoke the existing presidential permit for the controversial Keystone XL pipeline project, which would carry oil from Canada to the American Gulf Coast. Oil industry groups and Republicans in the United States opposed the move, arguing it would result …

The U.S. will always play an important role in global energy markets, even though President-elect Joe Biden is likely to be less vocal than President Donald Trump about oil, the UAE’s energy minister told CNBC ahead of Inauguration Day. “The United States of America is a major player now … …

Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements will also include a sweeping order to review all of …

Oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration, the oil cartel’s Secretary General Mohammed Barkindo told CNBC on Tuesday. It comes despite the Democratic leader’s stated commitment to fight climate change and focus on renewable energy. Barkindo congratulated Biden …

Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise …

The United States has informed European allies about plans to sanction Russian vessel Fortuna, which is involved in the construction of the Nord Stream 2 gas pipeline from Russia to Germany, German business daily Handelsblatt reported on Monday. The U.S. administration told government officials in Berlin and other European capitals …