popular articles

Biden gives in in the Gulf of Mexico

Biden finally approved the opening of more than 320,000km2 to oil and gas exploration in the Gulf of Mexico.|Biden finally approved the opening of more than 320,000km2 to oil and gas exploration in the Gulf of Mexico.

Please share:

Biden finally approved the opening up of more than 320,000km2 tooil and gasexploration in the Gulf of Mexico. The announcement follows a court decision to reject the government’s moratorium in the region.

Biden backs down on climate

In January 2021, US President Joe Biden announced a moratorium on new oil and gas drilling on federal lands. But from June 2021, things change. It’s the federal judge in Louisiana, appointed by former President Donald Trump, who is forcing the administration to get congressional approval.

The Home Office then sought to overturn the court’s decision, pleading “the growing impact [des activités pétro-gazières] on climate and communities”. Despite this challenge, Biden was finally forced to approve the auction of 320,000km2 in the Gulf of Mexico.

During the pandemic, oil and gas producers in the Gulf of Mexico consolidated at a frenetic pace. The sale will involve 1.1 billion barrels of oil and 125 billionm3 of gas.

Award scheduled for autumn 2021

The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) will issue the final notice of sale. The scheduled date is September 2021, followed by an auction in the autumn. Surprisingly, the document assures us that it takes into account elements of the recent United Nations IPCC report.

In particular, he assessed the global warming taking place in all regions of the world as a result of human activity. However, BOEM asserts that this report does not provide sufficient grounds for modifying the environmental impact statement.

Environmental groups disappointed

While environmental groups welcomed the US government’s appeal of the decision, disappointment is high. EarthJustice sued BOEM and the Minister of the Interior Des Haaland. One of the lawyers, Brettny Hardy, explains:

“This sale is deeply disappointing. The Biden administration has pandered to the oil industry through its campaign of misinformation and political pressure. Ignoring the growing climate emergency we face”

Joe Biden’s decision reflects his difficulties in implementing his policies, in particular his determination to make the climate his priority. Different institutions have different ambitions, influenced by different players in the sector.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The UK oil and gas industry, particularly in the North Sea, faces crucial challenges. Between decarbonization and energy security, the political decisions to come will determine the future of this essential resource for the country.
The Russian Ministry of the Economy forecasts $239.7 billion in revenues from oil and gas exports in 2024, up $17.4 billion on previous estimates.
The Russian Ministry of the Economy forecasts $239.7 billion in revenues from oil and gas exports in 2024, up $17.4 billion on previous estimates.
US energy companies this week reduced the number of oil and gas rigs in operation to the lowest level since January 2022, according to Baker Hughes.
US energy companies this week reduced the number of oil and gas rigs in operation to the lowest level since January 2022, according to Baker Hughes.
Noble Corporation plc announces the acquisition of Diamond Offshore Drilling, Inc. in a transaction valued at $1.9 billion, strengthening its position in the offshore drilling sector.
Noble Corporation plc announces the acquisition of Diamond Offshore Drilling, Inc. in a transaction valued at $1.9 billion, strengthening its position in the offshore drilling sector.
Zion Oil & Gas starts recompletion operations on its MJ-01 well in Israel, despite logistical challenges linked to the ongoing conflict.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
ADNOC Gas is moving ahead with a desulfurization project aimed at reducing the sulfur content of its LNG to less than 1 mg/m³ by 2025-26.
ADNOC Gas is moving ahead with a desulfurization project aimed at reducing the sulfur content of its LNG to less than 1 mg/m³ by 2025-26.
ArcelorMittal is set to buy Apollo's stake in Vallourec for 955 million euros, becoming its reference shareholder. This transaction underlines a shared focus on decarbonization and energy transition.
The record increase in Russian crude oil exports to China via the Northern Sea Route in 2023 underlines the changing dynamics of the global oil trade.
The record increase in Russian crude oil exports to China via the Northern Sea Route in 2023 underlines the changing dynamics of the global oil trade.
Aramco successfully starts tight gas production at South Ghawar, ahead of schedule.
Aramco successfully starts tight gas production at South Ghawar, ahead of schedule.
Successful launch of the Seagull field in the North Sea by bp, Neptune Energy and JAPEX, strengthening the UK's energy supply.
Successful launch of the Seagull field in the North Sea by bp, Neptune Energy and JAPEX, strengthening the UK's energy supply.
ExxonMobil has launched a tender for a $75 million project to build a pipeline in Argentina, as part of its efforts to boost oil production in the Vaca Muerta shale field.
A UN report reveals a worrying gap between fossil fuel production and the objectives of the Paris Agreement.
A UN report reveals a worrying gap between fossil fuel production and the objectives of the Paris Agreement.
BP announced on November 6 the delayed start-up of oil and gas production from the Seagull project, a 54 million barrel oil equivalent link to the main hub of the group's Trough Area East field, which in turn feeds the Forties crude oil volumes.
BP announced on November 6 the delayed start-up of oil and gas production from the Seagull project, a 54 million barrel oil equivalent link to the main hub of the group's Trough Area East field, which in turn feeds the Forties crude oil volumes.
Arabian Drilling, supplier of drilling rigs for oil and gas projects in Saudi Arabia, reports record demand of 12.7 billion rials to September 30.
Arabian Drilling, supplier of drilling rigs for oil and gas projects in Saudi Arabia, reports record demand of 12.7 billion rials to September 30.
The oil and gas industry uses artificial intelligence to reduce methane emissions, highlighting Project Canary's role in continuous emissions monitoring.
Growing demand for oil and gas services is forecast for 2024 and beyond, with long-term investments and technological advances reinforcing the sector's stability.
Growing demand for oil and gas services is forecast for 2024 and beyond, with long-term investments and technological advances reinforcing the sector's stability.
TotalEnergies plans to increase hydrocarbon production despite calls to reduce fossil fuels.
TotalEnergies plans to increase hydrocarbon production despite calls to reduce fossil fuels.
Strikes at Australian LNG facilities are pushing up natural gas prices in Europe, while oil prices remain high despite recent profit-taking, due to the extension of production restrictions by Saudi Arabia and Russia. Concerns about demand persist, not least because of the weakness of the Chinese economy.
Strikes at Australian LNG facilities are pushing up natural gas prices in Europe, while oil prices remain high despite recent profit-taking, due to the extension of production restrictions by Saudi Arabia and Russia. Concerns about demand persist, not least because of the weakness of the Chinese economy.
Oil prices are stable despite market tensions, concerns in China, growing demand in the USA and production cuts by Saudi Arabia and Russia. Gas prices in Europe are fluctuating due to threatened strikes at Australian LNG facilities, which could tighten global supply.
TotalEnergies signs an agreement in Iraq for the exploitation of flared gas and solar energy to contribute to the country's energy autonomy. Projects include a giant solar power plant, increased oil production and the construction of a seawater treatment plant to supply Basra with drinking water.
TotalEnergies signs an agreement in Iraq for the exploitation of flared gas and solar energy to contribute to the country's energy autonomy. Projects include a giant solar power plant, increased oil production and the construction of a seawater treatment plant to supply Basra with drinking water.
Oil and gas companies are investing in green energy while maintaining fossil fuels. Despite emission reduction targets, investment in renewable energy remains low relative to spending on fossil fuels.
Oil and gas companies are investing in green energy while maintaining fossil fuels. Despite emission reduction targets, investment in renewable energy remains low relative to spending on fossil fuels.
Next Bridge Hydrocarbons, an oil and natural gas exploration and production company, has completed a strategic merger and acquired working interest in the Orogrande project. This transaction strengthens Next Bridge's presence in the Texas and Oklahoma energy sector, providing new opportunities and a strong position for the future.
Next Bridge Hydrocarbons, an oil and natural gas exploration and production company, has completed a strategic merger and acquired working interest in the Orogrande project. This transaction strengthens Next Bridge's presence in the Texas and Oklahoma energy sector, providing new opportunities and a strong position for the future.

Advertising