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EPA Revises Oil and Gas Rules, Estimates $2.5 Billion Savings in Compliance Costs

Climate Change and Emissions, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Natural Gas, Oil, PRODUCTS

The U.S. Environmental Protection Agency on April 6 finalized revisions to its 2024 Clean Air Act standards for oil and natural gas operations, commonly referred to as OOOOb/c, easing certain requirements to reduce compliance costs and operational constraints for industry participants. The action modifies provisions in the Biden administration’s regulations governing emissions from new and…...

Court Reinstates Obama’s Arctic Drilling Ban, Draws Criticism from Alaska Governor

U.S. Interior, TotalEnergies Reach Deal to Exit Offshore Wind, Redirect $1 Billion to Oil and Gas

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, LNG, Natural Gas, Oil, PRODUCTS, Wind

The U.S Interior Department on March 23 announced an agreement with TotalEnergies to terminate two offshore wind leases and redirect roughly $1 billion toward domestic oil, natural gas, and liquefied natural gas development, marking a shift in federal energy priorities toward conventional resources. Under the agreement, TotalEnergies will invest about $928 million in 2026 across…...