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 […]
SANTA FE, N.M. (KRQE) – The U.S. Bureau of Land Management (BLM) is reconsidering a plan to lease land in Eddy and Lea Counties to oil and gas companies. Now, BLM is looking for public input on the idea. In 2021, BLM approved leases for about 6,000 acres of land in New Mexico. Then, Citizens Caring for []
Falcon Oil & Gas Ltd (UK) (GB:FOG) has released an update. Falcon Oil & Gas Ltd has successfully completed a fundraising initiative, securing approximately $4.9 mil
The Competition Council authorized the transaction by which Emma Lambda Limited, Cyprus, part of the Czech Emma group, takes over Stratum Energy Romania LLC, USA, with its branches and subsidiaries. Thus, the Emma group, which owns a large part of the supply of gas and electricity in Romania, expands its business in the area of […]
NEW MEXICO (KRQE) – The Bureau of Land Management (BLM) has announced revised rules for oil and gas leasing on federal land. And some advocates in New Mexico say the rules help New Mexico. The BLM leases land across the southwest to oil and gas companies. The rules and framework governing those leases haven't been updated in []
Northern Oil and Gas (NYSE:NOG – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday. NOG has been the subject of a number of other research reports. Stifel Nicolaus dropped their target price on shares of Northern Oil and Gas […]
How a semantic twist gave a major bank a loophole to keep financing fracking.
Environmentalists celebrate new rules but Alaska politicians call it an ‘illegal’ attack on state’s livelihood and predict lawsuitsThe Biden administration said on Friday it will restrict new oil and gas leasing on 13m acres (5.3m hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm.The decision – part of an ongoing, years-long fight over whether and how to develop the vast oil resources in the state –...
President Joe Biden “doesn’t have the authority” to restrict new oil and gas leasing on federal petroleum reserves in Alaska, Sen. Dan Sullivan (R-AK) said Sunday in response to the Democratic administration’s environmental protection plan. “Leaders of the North Slope of Alaska were unanimous in opposition to this,” Sullivan said Sunday, adding that Biden was […]
In the face of heavy opposition from Canada’s premiers to Prime Minister Justin Trudeau’s carbon tax, one might have hoped the prime minister would moderate some of his government’s extreme climate policies. But alas, on a recent swing through Alberta, he threw cold water on any hope of moderation. When asked in a meeting with […]
Rule adds stronger requirements for cleaning up wells but does not ban leasing on public lands, as called for by environmentalistsOil 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 on Friday by the Biden administration.The interior department’s rule raises royalty rates for oil drilling by one-third, to 16.67%, in accordance with the sweeping 2002 climate law approved by...
PERMIAN BASIN (KMID/KPEJ) - Permian Hiring Events will be holding a multi-company hiring event at the MCM FunDome on Thursday. Companies will be hiring employees that are looking to start a career in the oil and gas field. There will be opportunities for both entry level and experienced job seekers. The event will be from []