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Cushing, OK May Be Site of $5.6B Refinery

Cushing, Oklahoma is one of two sites competing for a $5.6 billion refinery, which, if built, would be one of the country's largest refineries and the first to take advantage of clean energy technologies, with plans calling for operations to be powered 100% by renewable energy, reports the Oklahoman. “You can’t make a complete transition to…

October 17, 20220Comments 134Views

Economy Oil and Gas

U.S. Will Release More Oil From Reserves in Response to OPEC+ Production Cuts

The United States plans to release more oil from reserves in an effort to keep costs low after the OPEC+ announced it will cut 2 million barrels a day from production starting in November, reports ABC News. "The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is…

October 11, 20220Comments 112Views

Oil and Gas

Biden Administration Accepts Nearly $190M in Bids From Offshore Oil Lease Sale

Nearly $190 million in offshore oil lease bids have been approved by the Biden Administration after being rejected by a federal judge nearly a year ago, reports the Associated Press. The approval was required by the Inflation Reduction Act, which also mandates that three sales be allowed to proceed after previously being put on hold by…

September 21, 20220Comments 134Views

Oil and Gas

Permian Oil Production to See Record-Highs in September

Oil production in the Permian Basin is expected to reach a record-breaking 5.408 million bpd in September, with total U.S. shale output predicted to outpace pre-COVID numbers, reports Reuters. The boost in production follows months of calls for increased production in response to the on-going global energy crisis. Read More

August 18, 20220Comments 127Views

Business Oil and Gas Pipelines Refining

Pipeline Developers Shifting Focus from Crude to Natural Gas

Pipeline developers are shifting away from new crude oil projects in favor of natural gas pipeline and export terminals, reports Reuters. Demand for natural gas is expected to grow in the coming years as European countries search for an alternative to Russian gas, and Asian countries continue to boost imports of LNG. Currently, crude oil pipeline…

July 25, 20220Comments 103Views

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Cushing, OK May Be Site of $5.6B Refinery

U.S. Will Release More Oil From Reserves in Response to OPEC+ Production Cuts

Biden Administration Accepts Nearly $190M in Bids From Offshore Oil Lease Sale

Permian Oil Production to See Record-Highs in September

Pipeline Developers Shifting Focus from Crude to Natural Gas

NewsLetter

Long-Closed Steel Processing Plant Will Reopen to Produce Solar Components

How “Wasted Public Land” Alongside Highways is Being Used for Energy Development

Happy Thanksgiving

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