Page 15 - Leasing Program News Today

Taiwan Creative Content Fest delivers 30 prizes to film, TV projects at Taiwan pitching event.

The Biden administration is planning to hold the fewest-ever number of offshore fossil fuel lease sales, but the Inflation Reduction Act may cause the plan to threaten green energy.

Thanks to the 2022 Inflation Reduction Act, Biden's lack of offshore drilling lease sales will indirectly threaten his offshore wind energy goals.

The Bureau of Ocean Energy Management (BOEM) published a notice inviting public comment on a Draft Wind Energy Area (WEA) in the Gulf of Maine, representing a critical next step in...

"As a result of this administration’s actions, energy production will move elsewhere, costing the United States jobs and harming our energy security," said Christopher Guith, Senior Vice President of the U.S. Chamber’s Global Energy Institute.

“At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump," American Petroleum Institute CEO Mike Sommers said.

(Reuters) -The Biden administration's five-year plan for offshore oil and gas leasing will not include any sales in 2024 and will feature the lowest number of auctions in the history of the program in the four years to follow, according to three sources familiar with the matter. The final plan will mark a dramatic reduction from a proposal the Trump administration had crafted in 2018 that envisioned 47 lease sales, including in California and the Atlantic. It will, however, fall short of ...

Senate Bill 678 would allow the installation of more leased solar, a step industry officials hope would lead to more residential programs.

The challenge follows BOEM’s announcement to hold the final offshore lease sale mandated by the Inflation Reduction Act, but with significantly reduced acreage and severe restrictions on oil and natural gas vessel traffic.

Waters pending an environmental review. >> were going to start to properly manage lands and waterways. >> in april of last year, the interior department finished the review and announced reformed leasing procedures. royalty rates for the portion from oil and gas sales that companies pay to the government rose from 12.5% to 18.75. a 50% increase. the land nominated for drilling by the oil and gas industry was reduced by 80%. >> we all pay 50% more for 80% less. i think this is them trying to thre...