The president says, “It was seized for a very good reason.” President Donald Trump announced on Wednesday that the U.S. Coast Guard, assisted by the U.S. Navy, had…
Read MoreOil and gas production
Interior Department Releases Five-Year Plan for Offshore Drilling Leases
This new schedule represents the most active offshore oil and gas leasing plan in decades. The Interior Department recently released a five-year plan in support of offshore oil…
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Senate Vote Overturns Rule Prohibiting Oil and Gas Drilling in Alaska
The upper chamber utilized the Congressional Review Act to reverse the decision of the prior administration. Under the Congressional Review Act (CRA), the Senate has overturned a prohibition…
Read MoreTreasury Department Sanctions 50 More Iranian Entities
The fourth round of new sanctions seeks to pressure the oil and gas network. The Treasury Department’s Office of Foreign Assets Control (OFAC) recently announced sanctions on 50…
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President Trump Reports India to Halt Russian Oil Purchases
President Trump enacted an additional 25% tariff on top of the 25% already in place over the oil imports. President Donald Trump announced that Prime Minister Narendra Modi…
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DOT Awards $86M to Strengthen State Pipeline Safety Programs
The funding will support inspections of the nation’s energy infrastructure and state enforcement of federal safety standards. Transportation Secretary Sean Duffy has announced $86 million in federal grants…
Read MorePresident Trump Urges NATO Nations to Halt Russian Oil Purchases
He says the ongoing trade “weakens” negotiations and bargaining power. President Donald Trump recently urged NATO members to stop buying oil from Russia. The president called their continued…
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President Trump Places Tariffs on India over Purchase of Russian Oil
Envoy Witkoff met with President Putin on Wednesday to discuss a ceasefire in Ukraine. President Donald Trump issued an executive order on Wednesday doubling tariffs against India for…
Read MorePresident Threatens Additional Tariffs as India Purchases Russian Oil
India claims its purchases are stabilizing the global market and supply. President Donald Trump threatened to increase U.S. tariffs against India for its purchase of Russian oil. The…
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BOEM Cancels 3.5 Million Acres of Offshore Wind Leases
The president’s administration continues to reduce green energy projects while boosting oil, gas, and coal. The Bureau of Ocean Energy Management began canceling 3.5 million acres worth of…
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