Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Washington resumes oil and gas drilling leases on federal land
by AFP Staff Writers
New York (AFP) April 15, 2022

The US government, under pressure to lower gas prices, announced Friday it will resume the sale of leases for oil and gas drilling on federal lands while imposing new conditions, including the first hike in royalties in more than 100 years.

Shortly after coming to office in January 2021, President Joe Biden, who has made fighting climate change one of his priorities during his campaign, had proclaimed a moratorium on grants for new drilling leases on government-owned land and waters, pending a review.

The Interior Department said in a statement that starting next week, it will auction some 173 parcels representing 144,000 acres (58,275 hectares) in nine states after making several changes.

That area is 80 percent less than had been under consideration for leasing.

The administration will also increase the royalties companies much pay on hydrocarbons extracted 12.5 percent -- the rate that had been in place for at least a century -- to 18.75 percent of profits.

Companies interested in drilling will also have to meet new requirements, such as consultation with Native American tribes and compliance with "best available science" for the analysis of greenhouse gas emissions.

"For too long, the federal oil and gas leasing programs have prioritized the wants of extractive industries above local communities, the natural environment, the impact on our air and water, the needs of Tribal Nations," said Interior Secretary Deb Haaland, the country's first ever Native American cabinet minister.

The move comes as the US president faces down record inflation, especially in gas prices, which is eroding his ratings.

He has been taking initiatives in recent weeks aimed at lowering the price of crude oil, including ordering at the end of March the release of oil from the country's strategic reserve.

The resumption of concessions for oil and gas exploitation on federal lands, however, is not likely to have an immediate impact, as the process can generally taking several years.

The moratorium declared by Biden had already been put on hold by a judge in June 2021 on the basis that the administration needed to obtain congressional approval for such a move.

A few weeks later the government launched an auction of offshore leases in the Gulf of Mexico, which were then canceled by Justice Department in January.

The Department of the Interior also approved thousands of oil and gas permits on federal lands in 2021.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Iraqis queue for fuel as stations protest government
Baghdad (AFP) April 14, 2022
Motorists in Iraq formed long queues for fuel Thursday after some owners of filling stations shut off their pumps to protest government policies on fuel distribution and pricing. Some government-run fuel stations have been ordered to operate around the clock to meet demand, the official news agency INA reported. Dozens of vehicles were lined up at stations that remained open. Some owners of petrol stations have denounced the method of fuel distribution imposed by the authorities, complaining ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Dung power: India taps new energy cash cow

Biden's biofuel: Cheaper at the pump, but high environmental cost?

Fuel from waste wood

Breaking down plastic into its constituent parts

OIL AND GAS
Solar technology and community engagement team up to help low-income farmers in India

Illuminating perovskite photophysics

New-generation solar cells raise efficiency

Dalai Lama urges move to renewable energy to combat climate crisis

OIL AND GAS
Transport drones for offshore wind farms

Lack of marshaling ports hindering offshore wind industry

Favourable breezes boost Spain's wind power sector

Brazil to hold first offshore wind tender by October: official

OIL AND GAS
Switzerland demands curbs on Russian UN nuclear official

Toshiba pauses spin-off plan, weighs going private

In 'project of the century', Swiss seek to bury radioactive waste

Safely storing Canada's used nuclear fuel for millennia

OIL AND GAS
Under shadow of drought, Santiago ditches exotic plants

Third dust storm in two weeks sweeps through Iraq

20 million risk starvation as Horn of Africa drought worsens: UN

Climate activists disrupt traffic in London, Paris

OIL AND GAS
Britain gears up to watch TV in self-driving cars

Ferrari to recall more than 2,200 cars in China over brake risk

Shanghai lockdowns threaten China's auto output while port congestion worsens

Driverless car stopped in San Francisco puzzles cops

OIL AND GAS
Iraq exhibits restored art pillaged after 2003 invasion

Iraqi Christians celebrate first Easter 'Holy Fire'

Iraq 'green belt' neglected in faltering climate fight

9 schoolteachers among 11 dead in Iraq minibus crash

OIL AND GAS
Sarmat missile will make Russia foes 'think twice': Putin

Biden reluctant to remove Iran's Revolutionary Guards from terror list

Russian ICBM test 'routine' and 'not a threat': Pentagon

Iran says 'technical issues' in nuclear talks complete









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.