Oil and Gas Watch

Brendan Gibbons

Billions in Venezuelan oil revenue draw Congressional scrutiny as Iran war reshapes U.S. energy strategy

Three months after U.S. special forces extracted Venezuelan President Nicolás Maduro from Caracas in a nighttime raid, the Trump Administration’s handling of billions of dollars in Venezuelan oil revenue has become the subject of Congressional scrutiny. Questions are being raised as the administration scrambles to unlock Venezuelan crude to offset a fuel crisis driven by the U.S. attack on Iran. The administration last month lifted sanctions on Venezuela’s oil put in place in January 2019, during Trump’s first term.

Brendan Gibbons

December 5, 2024

The huge new oil project in Alaska that is escaping national attention

Last year, environmentalists criticized the Biden Administration for approving a large oil drilling project on public land in the Alaskan Arctic called the Willow project. However, a similar petroleum project has drawn little attention. About 30 miles east of Willow, Australian energy company Santos, Spanish company Repsol, and ASRC Energy, a subsidiary of the Alaska Native-owned Arctic Slope Regional Corporation (ASRC), has received approvals and is currently building the first phase of the Pikka Project, an effort to produce hundreds of millions of barrels of oil over the next three decades. The project is located entirely on land owned by the State of Alaska and the ASRC.

Brendan Gibbons

November 21, 2024

Trump’s pick for Interior Secretary likely to increase drilling on federal public land 

To run the U.S. Department of the Interior and supervise drilling on federal land, President-elect Donald Trump last week selected Doug Burgum, a billionaire former software executive and real estate developer who has served as North Dakota’s governor since 2016. If confirmed by the Senate, Burgum would oversee the federal agency most in charge of oil and gas leasing and development in federal coastal waters and on federal lands. Project 2025, often seen as a playbook for the next Trump Administration, calls for a rollback of Biden’s efforts to reduce leasing on federal lands, as well as to “conduct offshore oil and natural gas leases to the maximum extent possible.” 

November 21, 2024

Plastics plants dump 1,4-dioxane and other pollutants with no EPA limits

In South Carolina, a plastics manufacturing plant called Alpek Polyester Columbia dumped about 30,000 pounds of a chemical, 1,4-dioxane, into the Congaree River last year, with no limits on the pollutant – a likely carcinogen – in the plant’s discharge permit. The Alpek plant was the largest discharger of 1,4-dioxane among plastics plants in the U.S. last year, releasing a pollutant that EPA last week concluded “poses an unreasonable risk of injury to human health” including in drinking water. But despite this risk, EPA has set no national standards for plastics manufacturing plants to control 1,4-dioxane or several other harmful pollutants, according to a new report by the Environmental Integrity Project (EIP) called “Plastic’s Toxic River.”

November 14, 2024

Why Trump’s ‘drill, baby, drill’ policies will not reduce U.S. oil and gasoline prices

Donald Trump won a return to the White House in part by convincing American voters that he would unleash more oil and gas production, which would reduce fuel prices, curb inflation and cut grocery prices. But petroleum industry experts doubt this will work in a global market. Energy experts say American companies will not simply produce more petroleum and sell fuel at a lower price because competing nations like Saudi Arabia could simply reduce their own production and keep global prices high for their own financial or political reasons.

Brendan Gibbons

November 7, 2024

After securing $135 million in tax breaks, pipeline company plans massive ethane “cracker” in Southeast Texas

In Nederland, Texas, pipeline company Energy Transfer is proposing to build a massive new facility that would turn the components of natural gas into the basic chemicals used to make single-use plastics and other petrochemicals. The facility has garnered $134.6 million in tax breaks over 10 years from the local school district, despite being capable of emitting more than 8,500 tons per year of harmful air pollutants and more greenhouse gas emissions than a coal-fired power plant.