Stay updated with breaking news from Intelligence Press Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Minerals Management Service's plan to shorten the initial lease terms for an upcoming Central Gulf of Mexico (GOM) sale "is one more impediment to the development of domestic oil and natural gas," the head of the American Petroleum Institute (API) said.
As President Obama last week encouraged Democrats on the House Energy and Commerce to reach a consensus on climate change legislation, Committee Chairman Henry Waxman (D-CA) remained mum on the potential changes that were being negotiated with moderate Democrats and when markup of the measure would occur. He is expected to unveil a new compromise approach this week.
Interior Department's Bureau of Land Management (BLM), in a plan released Friday, said it would make available land for leasing in the Northeast portion of the National Petroleum Reserve-Alaska (NPR-A) that could yield nearly three billion barrels of crude oil and trillions of cubic feet of natural gas for North American markets through gas pipelines that are currently in the planning stages.
An investigation continued Thursday in the natural gas explosion that destroyed most of a city block in a shopping district Tuesday night in Kansas City, MO. A snow storm that blanketed the region Wednesday night had slowed progress, officials said.
The Republican draft energy bill was close to emerging from three House committees Wednesday with provisions affecting natural gas virtually unscathed by a host of defeated amendments offered by Democrats.