The U.S. Energy Department on Jan. 22 announced a major restructuring of its federal energy lending operations, stating that the Office of Energy Dominance Financing will restructure, revise, or eliminate more than $83 billion in loans and conditional commitments tied to the Biden administration’s portfolio. The move is framed as a portfolio reset intended to…...
The Bureau of Land Management on Jan. 6 completed a quarterly oil and gas lease sale covering 31 parcels across New Mexico and Oklahoma, generating $326.8 million in total receipts and leasing more than 20,000 acres of federal land. The agency noted that this sale includes the highest single acre bid of any BLM oil…...
The New York State Energy Planning Board on Dec. 16 voted unanimously to approve a new State Energy Plan, establishing a long-term framework to guide energy-related decision making through 2040 while balancing affordability, reliability, economic growth, and emissions reduction. The plan is grounded in more than a year of analysis examining New York’s current energy…...
The U.S. Interior Department on Dec. 10 announced that the Bureau of Ocean Energy Management completed Lease Sale Big Beautiful Gulf 1, launching a new phase of offshore oil and gas development under the One Big Beautiful Bill Act. The auction generated $279 million in high bids for 181 blocks across federal waters in the…...
Midcontinent Independent System Operator on Dec. 1 announced the second cycle of proposals to be examined under its Expedited Resource Addition Study, or ERAS, process, adding 15 proposed generation projects totaling about 6,100 megawatts across its North, Central and South regions. The projects include solar, wind, natural gas and battery storage resources, with proposed in-service…...
Federal agencies have taken multiple steps in recent months to accelerate fossil fuel development, including new leasing opportunities, investments to expand the…Read the full report …...
Federal agencies have taken multiple steps in recent months to accelerate fossil fuel development, including new leasing opportunities, investments to expand the U.S. coal industry, and revisions to regulatory requirements for oil and gas producers.