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Showing posts with the label oil and gas industry

Trump's Top Ally Peddles Controversial Energy Project Amidst US Anxiety

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From his living room, Alaska Governor Mike Dunleavy watched President Trump’s address to Congress via television last month. When he heard certain statements, they instantly invigorated one of America’s biggest energy initiatives and set him on a series of trips throughout Asia. Trump touted a “gigantic natural gas pipeline” in Alaska that “will be truly spectacular.” It had received its permits and was all ready to go, he said, adding that “Japan, South Korea and other nations” wanted to be major investment partners. We were the sole ones," Dunleavy stated during an interview in Seoul, "the only state that received a mention. Now Dunleavy needs to turn Trump’s statement into fact. The stakes involve one of America’s most expensive issues. energy projects investing $44 billion to construct a pipeline for transporting natural gas from Alaska’s northern region, then liquifying it for exports. Should the project be realized, this pipeline would provide significant ...

Texas Oil Surpasses 2 Billion Barrels: A Historic Production Milestone

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ODESSA, Texas (KOSA) — The Railroad Commission has completed the processing of production reports provided by oil and gas operators for 2024. These figures indicate that output exceeded levels recorded in 2023, establishing fresh production highs. The oil production reached 2,003,844,281 barrels, marking the first instance where it exceeded the two-billion-barrel mark. The natural gas production amounted to 62 trillion cubic feet. Revenue generated from oil and gas production contributes to the state budget, funding areas such as public education, the Rainy Day Fund, and transportation needs. In their statements, each commissioner praised the Texas oil and gas sector. These recent figures underscore Texas's role as a worldwide frontrunner in oil and gas extraction," stated RRC Chairperson Christi Craddick. "They show that through well-considered rules supported by scientific evidence and information, we can attain unparalleled economic success wh...