oil and gas

U.S. Expected to Reach New Record for Fossil Fuel Production This Year

U.S. Expected to Reach New Record for Fossil Fuel Production This Year

The year 2023 is already expected to be the hottest on record, following a record-hot summer. But despite this, the U.S. is expected to reach record numbers in fossil fuel production for the year. Liquified natural gas exports from North America are expected to double through 2027, the Energy Information Administration (EIA) recently reported. Most […]

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    Wait, What? BP CEO Argues for More Oil and Gas Spending to Solve Climate Crisis

    Wait, What? BP CEO Argues for More Oil and Gas Spending to Solve Climate Crisis

    CEO Bernard Looney reaffirmed the energy giant’s fossil fuel spending plans during International Energy Week in London, calling for an “orderly” energy transition and made the case that more oil and gas investment is needed to achieve net zero goals. “An energy system that works is one that provides energy that is secure and affordable as well as lower carbon — what’s known as the energy trilemma,” Looney told onlookers.

    The War in Ukraine Hasn’t Left Europe Freezing in the Dark, But It Has Caused Energy Crises in Unexpected Places

    The War in Ukraine Hasn’t Left Europe Freezing in the Dark, But It Has Caused Energy Crises in Unexpected Places

    Through a year of war in Ukraine, the U.S. and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze “like a wolf’s tail” – a reference to a famous Russian fairy tale – if they imposed sanctions on his country.

    Los Angeles Sued Over Oil and Gas Drilling Ban

    Los Angeles Sued Over Oil and Gas Drilling Ban

    Oil company Warren Resources has sued Los Angeles this week after the city unanimously passed a ban on new oil and gas drilling. The oil company is arguing that the ban will shut down its operations, and the lawsuit aims to prevent the law from taking effect. Warren Resources operates only in the Los Angeles […]