Day: February 16, 2021

The Bureau of Ocean Energy Management (BOEM) has rescinded the Record of Decision for the oil and gas lease Gulf of Mexico planned for March, effectively canceling this auction as part of the Biden Administration’s review of new drilling activities on federal land and in offshore waters. The lease sale would have offered 78.2 million acres for a region-wide Gulf of Mexico lease in March 2021, or 14,594 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico. However, President Joe Biden directed in an executive order last month…

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India’s use of coal may have peaked in 2018, according to a new report by according to U.K.-based clean energy group Ember. That’s sooner than many experts have forecast.   The share of the dirtiest fossil fuel in India’s power mix fell for the second year in a row in 2020, according to the report released on Tuesday, due to an economic slowdown in 2019 followed by a pandemic-induced recession. There’s a chance coal power never has to breach 2018 levels again if the Indian government meets its renewable energy goals, Ember senior analyst Aditya Lolla…

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 Permian oil production has plunged by as much as one million barrels a day as the coldest weather in 30 years brings havoc to a region that seldom faces frigid Arctic blasts. Oil traders and company executives, speaking on condition of anonymity, lifted their estimate of supply losses in the region as the temperature in Midland, the capital of the Permian basin, dropped to -1 Fahrenheit (-18 Celsius), the lowest since 1989, according to the U.S. National Weather Service. Traders had previously estimated losses at several hundred thousands barrels per…

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BAJAUR: The residents of Kamangra locality here on Monday took to streets against the authorities for allegedly awarding mining leases to influential people without their consent. The demonstration, held on main Khar-Peshawar Road in Nawagai, was attended by scores of people. Te protesters blocked the road to traffic for several hours. Holding placards inscribed with demands, the protesters chanted slogans against the administration. They said that they raised the issue of awarding mining leases to non-locals by the authorities during the past several months by staging protest demonstrations and meetings.…

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ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has directed Karachi Electric (KE) to complete installation of 900 MW Bin Qasim Power Station (BQPS-III) in time to avoid load-shedding in the upcoming summer seasons. NEPRA Authority led by Chairman NEPRA, Tauseef H. Farooqi visited Karachi Electric (KE) Head Office and its under constriction 900 MW BQPS-III in order to check and get updates about the comprehensive plan regarding Generation, Transmission and Distribution plan submitted by KE, said a press release issued here Monday. The Chairman NEPRA also in line with NEPRA…

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