Daily on Energy: Oil and gas pleaded with Biden for positive signals. Are they getting them?

THE STATE OF BIDEN’S RELATIONSHIP WITH OIL AND GAS: Oil and gas players, facing attacks from the Biden administration last year for sitting on leases and permits and spending conservatively on new production, implored the White House for more “positive signals” that encourage investment in a sector whose marketshare President Joe Biden ultimately seeks to diminish over time.

Officials from Amos Hochstein to Secretary Jennifer Granholm and Ryan Peay, one of Granholm’s deputies in the Department of Energy, made clear overtures to industry leaders during remarks at CERAWeek that their updated, post-invasion energy and climate policy makes room for fossil fuels. Had the aggressor been another power, one that doesn't compete to lead the world in oil exports and provide a plurality of imported energy supplies to the strongest U.S. allies, the administration’s policy response might have been vastly different.

Pioneer Natural Resources, one of the largest independents operating in the Permian and predominantly an oil producer, wants to grow its gas production and supply more product for LNG exports, but investors are being scared off by instability in gas markets, president and chief operating officer Rich Dealy told Jeremy.

MANCHIN VS. THE BIDEN ADMINISTRATION: Sen. Joe Manchin has publicly opposed the Biden administration on a number of energy items of business recently. To review: Sen. Bob Casey of Pennsylvania called on lawmakers to pass the Railway Safety Act, which he introduced last week alongside a bipartisan group of senators, including J.D. Vance and Sherrod Brown of Ohio.

Others who testified before the Senate panel today included EPA Region 5 Administrator Debra Shore, Ohio EPA Director Ann Vogel, and Richard Harrison, the executive director and chief engineer of the Ohio River Valley Water Sanitation Commission. He stopped short of saying which bills would be included in that set, though bills advanced would face the Democrat-led Senate.

Extending the gas reduction targets is “the best guarantee to achieve another great level of storage by November,” Simson told lawmakers today. “This year will be challenging, and the year after that as well. Many uncertainties remain.” The two nuclear plants, which had been slated for closure in 2024, have a combined capacity of 2.3 GW and provide up to 5% of Britain's power supply, EDF said today.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More Mining Companies Are Now Adding Renewable Energy To Their Energy Mix, Says JUWIJUWI Group, which develops solar, wind, and hybrid renewable energy solutions, says more mining companies in Africa and around the world are transitioning to renewable energy to take advantage of the benefits these technologies provide.
Source: cleantechnica - 🏆 565. / 51 Read more »

Scientists discover enzyme that can turn air into energy, unlocking potential new energy sourceA relative of the tuberculosis bacterium has long been known to convert hydrogen from the air into electricity. Now, scientists have discovered how. Looks like french fries 😃 Anyone else read M. smegmatis and first thought was…? Visualization Structural basis for bacterial energy extraction from atmospheric hydrogen
Source: LiveScience - 🏆 538. / 51 Read more »

Tomlinson: Big Oil wants slower move to clean energy to preserve profitsBig Oil’s leaders rejected strategies to speed the transition in a way that could hurt...
Source: HoustonChron - 🏆 609. / 51 Read more »

Oil industry's energy transition goals are at odds with Paris AgreementThe climate science findings are not subtle about what the energy transition means: a rapid, sustained shift away from fossil fuels. It means different things to the oil and gas CEOs and the Biden administration. One gets the distinct feeling that at this point anything we do will be too little, too late. And if that's not the case, there are still no excuse for gas and oil companies to continue business as usual. If climate change activists are serious about advancing their goal- best to focus on activities they can control e.g., fossil fuel demand reduction? What measures can average Americans do? Education vs fear mongering? Okay well idk what to tell you but the transition will be neither “rapid” nor “sustained”. Nobody cares if the dementia patient you elected says there’s 10 years left to O&G. It’s more like 50-100 years. Please join us in reality and leave this green fever dream behind
Source: axios - 🏆 302. / 63 Read more »

Daily on Energy: Russia at CERA Week, more on Nord Stream, and Manchin blasts administrationDaily on Energy ⚡: Russian has been repeatedly described as a wild card in public and private discussions at the CERAWeek conference, expected to cause Europe gas markets pain for the next two years and limit global crude supplies.
Source: dcexaminer - 🏆 6. / 94 Read more »