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Deadhorse, Alaska It’s unusual to find a cabinet-level official—much less three—standing on a makeshift platform amid barren permafrost, enduring “balmy” 20-degree weather, 4,650 miles by road from the White House. It’s a show of commitment to an overlooked yet central theme of this Trump administration—setting free the private economy. That plank of the Trump agenda has been eclipsed by drama over tariffs and the Republican tax bill, though it is economically as important and moving far faster. Leading it are Interior Secretary Doug Burgum, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin. Joe Biden instituted a “whole...

MIT researchers have developed a new membrane that separates various types of fuel by molecular size, potentially eliminating the need for the energy-intensive process of crude oil distillation. Turning crude oil into everyday fuels like gasoline, diesel, and heating oil demands a huge amount of energy. In fact, this process is responsible for about 6 percent of the world’s carbon dioxide emissions. Most of that energy is spent heating the oil to separate its components based on their boiling points. Now, in an exciting breakthrough, engineers at MIT have created a new kind of membrane that could change the game....

The proposal is regarding 13 million acres of government-owned Arctic land that is part of the National Petroleum Reserve in Alaska.. The Interior Department on Monday proposed the restoration of oil and gas drilling in the Arctic after it had previously been restricted by the Biden administration. The proposal is regarding 13 million acres of government-owned Arctic land that is part of the National Petroleum Reserve in Alaska, which is a total area of 23 million acres that former President Warren G. Harding set aside in 1923 as an emergency supply of oil for the Navy. The Naval Petroleum Reserves...

One of the major issues that President Trump ran on in the 2024 election was energy. "Drill, baby, drill" was the motto (even if Trump did borrow it from a famous Alaskan), and when he was back in office, the president set about putting our energy policy to rights When you're talking energy and mineral resources, you have to talk about Alaska. In the energy front, much of our development is and will be on the North Slope. On Monday, several key Trump administration members visited "the Slope" to see things for themselves. Three Trump Cabinet members began a tour...

The Supreme Court unanimously decided on Thursday to limit environmental reviews for major infrastructure projects in a case that will have sweeping impacts on President Donald Trump’s energy agenda. In a move that will restrict power of federal judges, Thursday’s decision reduces the scope of reviews under the National Environmental Policy Act (NEPA) to focus solely on immediate impacts. Under NEPA, federal agencies are required to study any potentially significant environmental consequences of federal permits for infrastructure projects. “NEPA does not allow courts, ‘under the guise of judicial review’ of agency compliance with NEPA, to delay or block agency projects...

SummaryEight OPEC+ members met online OPEC+ cites steady economic outlook, healthy fundamentals Started unwinding output cuts in April For more detail on OPEC+ unwinding its cuts, see Explainer LONDON/MOSCOW, May 31 (Reuters) - The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish over-producers. Having spent years curbing production - more than 5 million barrels a day (bpd) or 5% of world demand - eight OPEC+ countries made an modest output increase in April before...

In one of the nation’s first wrongful-death claims seeking to hold the fossil fuel industry accountable for its role in the changing climate, a Washington state woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother’s fatal hyperthermia.

Following the news that Trans Mountain Corporation will start filling the expanded pipeline in February, with first crude to be loaded from Vancouver in April, Canadian crude prices jumped to the narrowest discount to WTI since August 2023. U.S. refiners used to cheap Canadian crude will need to start budgeting more for the commodity from this spring. Canadian oil producers are preparing for the 890,000 bpd in takeaway capacity growth. ... U.S. refiners used to cheap Canadian oil might need to reach deeper into their pockets to keep buying it. The idea behind the Trans Mountain expansion was to turn...

Alberta’s Leduc geological formation contains an abundance of lithium, a critical and rare metal that is needed in batteries to power electric vehicles and cellphones. Lithium has traditionally been extracted from “hard rocks,” but in Alberta, it exists in the brine, or water, left behind in oilfields across the province. Geologist Chris Doornbos started E3 Lithium, a TSX-listed geo-tech company that entered into a strategic partnership with Imperial Oil last year. And last week, the company announced some impressive test results. “Our resource was upgraded (last week) to 16-million tonnes — 9.4 indicated and 6.6 measured resources of lithium carbonate...

It’s the Trump Effect in action: gas prices this Memorial Day weekend will be the cheapest since 2021 — and “if you adjust for inflation and rising wages, Americans are actually going to spend the least amount filling up this Memorial Day since 2003, excluding COVID,” according to GasBuddy.The national nightmare that was Biden’s war on American energy is over. After President Donald J. Trump declared a National Energy Emergency on his first day in office, his administration has taken relentless action to revive the nation’s energy capabilities and undo the Biden-era stranglehold on American energy production.The news is being...

BATA, Equatorial Guinea—Classified American intelligence reports suggest China intends to establish its first permanent military presence on the Atlantic Ocean in the tiny Central African country of Equatorial Guinea, according to U.S. officials. The officials declined to describe details of the secret intelligence findings. But they said the reports raise the prospect that Chinese warships would be able to rearm and refit opposite the East Coast of the U.S.—a threat that is setting off alarm bells at the White House and Pentagon. Principal deputy U.S. national security adviser Jon Finer visited Equatorial Guinea in October on a mission to persuade...

Russian President Vladimir Putin and Chinese authorities decided to form the strategic alliance for defense, trade and energy. Russia will deliver oil to China and China will collaborate with Russia in Geopolitical strategic defense of Euresia. Russia's Security Council and the Military Commission of the Chinese Communist Party's Politburo will form a forum and will work closely to make sure both countries can create and maintain the necessary military and political infrastructure as well as coordination. According to some international think tanks, sources close to Russia's Security Council say recommending countermeasures to check the U.S. geopolitical "offensive" in Eurasia...

The Kurdistan Regional Government (KRG) in northern Iraq has formalized two major energy agreements with U.S. firms HKN Energy and WesternZagros in Washington, D.C., Kurdish media reported on Monday, in deals valued at a combined $110 billion, despite a legal showdown with the federal government of Iraq over control of the country’s oil exports... ...The deals were formalized during KRG Prime Minister Masrour Barzani's official visit to the United States this week... ...Washington has been advocating for the resumption of Kurdish oil exports, which have been stalled since March 2023 due to legal disputes and pipeline shutdowns. Washington's push aims...

Ministers secretly advised Muammar Gaddafi’s Libyan regime how to secure the successful early release of the Lockerbie bomber, documents obtained by The Daily Telegraph have disclosed. A Foreign Office minister sent Libyan officials detailed legal advice on how to use Abdelbaset al-Megrahi’s cancer diagnosis to ensure he was released from a Scottish prison on compassionate grounds. The Duke of York is also said to have played a behind-the-scenes role in encouraging the terrorist’s release. The Libyans closely followed the advice which led to the controversial release of Megrahi – who was convicted of the murder of 270 passengers on Pan...

TALLINN/ANTALYA, Turkey, May 15 (Reuters) - Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow. Russia, which regards sanctions as a malign attempt to crush its economy, says all its ships have free passage in the Baltic and any attempt to stop them is dangerous. Estonia's navy said the unflagged Jaguar ship, which went onto a UK sanctions list last week, refused to cooperate when asked to stop...

PEMEX You might say Mexican state-owned petroleum company Pemex had a bad day Thursday. As Reuters reported, there were fires at three different facilities owned by the company — two in Mexico and one in Texas. And while there are still some unknowns, in an update, the wire service gives what details are known:(Reuters) – A Thursday night fire at Pemex’s 312,500 barrel-per-day (bpd) Deer Park, Texas refinery broke out in a crude distillation unit (CDU), said people familiar with plant operations.The sources did not know which of two Deer Park CDUs were hit by fire. The plant has a...

Federal agents have arrested Utah oil magnate James Lael Jensen, his wife Kelly Anne Jensen, and two of their sons, Maxwell Sterling Jensen (aka “Max”) and Zachary Golden Jensen, in connection with a sprawling $300 MILLION smuggling and money laundering conspiracy tied to Mexican criminal organizations. Court records reveal that all four members of the Jensen family were arrested on Wednesday, April 23 — with sons Max and Zachary taken into custody in the Rio Grande Valley, while James and Kelly Jensen were apprehended at their 26,893-square-foot mansion in Sandy, Utah, reportedly worth over $9.1 million. The arrest was carried...

SCOOP: 🚨 Chinese representatives spotted at @PDVSA headquarters in Venezuela ahead of expiring US licenses for American oil companies in Venezuela 🚨 There are 17 more days left until the licenses for American oil companies in Venezuela will expire. Sources on the ground in Venezuela sent me this photo of Chinese officials sent by Xi JinPing to prepare for the seizing of American oil assets, sitting in the lobby of PDVSA. Additionally this week, thousands of Chinese workers arrived in Venezuela to work at the oil refineries and to literally seize the American oil assets in Venezuela on May 27th....

California Governor Gavin Newsom’s hostility to the oil industry could lead to the closure of local refineries — which, in turn, could push gas prices past $6 per gallon, or even $9 per gallon, a local analyst has warned. Local ABC affiliate KABC-7 reported: The Phillips 66 Refinery in Los Angeles could close by the end of this year, which would send prices skyrocketing above $6, according to USC Professor Michael Mische. Mische added that if the Valero Refinery in the Bay Area closes by the end of next year, that could send gas prices soaring close to $9 a...

Venezuelan electoral authorities on Sunday claimed that 95 percent of voters in a nonbinding referendum approved of the nation's territorial claim on a huge chunk of neighboring oil-rich Guyana.