The Biden administration’s decision to approve a 30-year oil-drilling project has sparked criticism from Democrats—and particularly progressives—from both chambers of Congress. The Department of the Interior (DOI) approved the Willow Project on Monday, allowing oil giant ConocoPhillips to move forward with a drilling plan within a northeastern section of the 23 million acres of the…
Democrats Criticize Biden’s Failed Climate Promises in Approving Alaska Willow Oil Project
March 14, 2023
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Shell Suspends Deals in Response to Australian Government’s Energy Price Controls
December 14, 2022
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Global energy giant Shell has suspended talks to supply gas to Australian businesses in response to the federal government’s contentious move to cap the wholesale price of gas and coal—effectively cutting into the profits of energy companies—an action supposed to lower retail prices for households. Shell’s move comes amid a wave of opposition from energy…
ConocoPhillips, Sempra Move Forward with Texas Gulf Coast LNG Project
ConocoPhillips has executed a 20-year Sale and Purchase Agreement to buy more than 5 million tonnes per annum (Mtpa) of liquified natural gas from Sempra Infrastructure’s Port Arthur LNG project in Southeast Texas. California-based Sempra Infrastructure, a subsidiary of Sempra, and ConocoPhillips announced the companies are moving forward with the plans they originally announced in…
ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up
SANDEFJORD, Norway—ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of new petroleum projects to be launched in Norway this year. Known as Eldfisk North, the development is part of the wider Ekofisk area, where…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’ Says US Oil & Gas Assoc. Chief
February 14, 2022
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’: U.S. Oil & Gas Assoc. Chief
February 14, 2022
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bidenConocoPhillipsdebankingeconomyEIAEnvironmentESGExxon MobilgasolineKeystone XL pipelineOilPermian BasinPolicies & ImpactsPoliticsScienceshaleshellThe Epoch Times Featured ArticlesUncategorizedUSUS NewsWall Street
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
Shell Exits Permian With $9.5 Billion Texas Shale Sale to ConocoPhillips
September 21, 2021
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Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the…
Federal Judge Blocks Willow Oil Project in Alaska
Ruling against ConocoPhillips, the Bureau of Land Management (BLM), and other federal agencies, a federal judge for the U.S. District Court for the District of Alaska has vacated approval for ConocoPhillips’ Willow Project in the National Petroleum Reserve of Alaska (NPR-A), citing insufficient calculations of greenhouse gas emissions and inadequately specific mitigation measures for polar…
Alaskan Lawmakers Respond to Judge Blocking Major Oil Project
Alaskan lawmakers, a former interior secretary, and environmental activists are reacting by turns with condemnation and praise for a federal judge’s decision to vacate approval for ConocoPhillips’ Willow Project in the National Petroleum Reserve of Alaska (NPR-A). Judge Sharon Gleason’s Aug. 18 ruling on the Project, which was expected to produce over 100,000 barrels of…
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