WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by the Biden administration. The Interior Department's rule raises royalty rates for oil drilling by more than one-third, to 16.67%, in []
Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued Friday by the Biden administration.
The Australian public has bought a gas pipeline from foreign tax cheats - but there's no gas. Jemena and sleepy regulators AEMC are the culprits. Energy consumers and taxpayers the victims.
Can you imagine paying seven dollars for a gallon of gasoline? It could soon happen, because it appears that Israel is about to strike Iran, and that is likely to cause events in the Middle East to spiral completely out of control. Right now, approximately one-fifth of all oil used in the world goes through the Strait of Hormuz. An apocalyptic war in the region could potentially close the Strait of Hormuz until the conflict is resolved one way or the other. In addition, oil infrastructure could...
China launched a remote sensing satellite from the Xichang Satellite Launch
Recently in an interview with CGTN, Neeshad Shafi, an environmentalist and policy-oriented social change advocate, expressed his view that China plays an absolutely crucial role in the transfer of low-carbon infrastructure. He said, "I think Chinese
China on Monday launched a Long March-2D carrier rocket to place a remote
Throwflame, an Ohio-based flamethrower manufacturer, has released what it says is the first-ever robot dog with a flamethrower attached for remote firestarting.
Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry. The new brand Qiankun, symbolising a combination of heaven and the Kunlun Mountains, plans to provide self-driving systems involving the driving chassis, audio and driver's seat, Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solution (IAS) business unit, said during an event ahead of the Beijing auto show. 2024...
Samsung has unveiled its latest addition to the smartphone market, the Galaxy C55 5G, in China, bringing a suite of impressive features designed to cater to tech-savvy users. Let’s dive into the specifications that make this model stand out in the competitive tech landscape. Processor and Performance The heart of the Galaxy C55 is its […]
By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling China — the world’s biggest oil
The Interior Department released a new regulation Friday that will affect 13 million acres in Alaska, prohibiting drilling for oil on the land. The Management and Protection of the National Petroleum Reserve in Alaska rule will affect 40% of Alaska’s reserve, as 10.6 million acres will be completely protected by the Bureau of Land Management […]