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.

Paul MacGillis-Falcon

As LNG industry booms, salt caverns converted into massive underground gas storage facilities

Companies are proposing to build or expand three large underground natural gas storage facilities in salt caverns along the Gulf Coast to supply a rapidly-growing LNG industry. The increased storage space is also needed, developers argue, for gas generators being used to back up the expanded use of wind and solar power. One side effect of storing gas underground in salt caverns is the leakage of methane, which is a potent greenhouse gas. These storage projects are also occasionally the sites of explosions and other accidents.

Keene Kelderman

New air pollution monitoring rules for refineries are driving down benzene levels at plant fencelines

Recent EPA data show a marked improvement in levels of benzene, a potent carcinogen, measured at the fencelines of U.S. oil refineries, suggesting that less of the dangerous pollutant is escaping into neighboring communities. By the end of 2023, only six out of 109 U.S. refineries exceeded the EPA's action level for benzene, compared to 12 at the end of 2020. New rules imposed by EPA in 2015 that require refineries to monitor these emissions and take action against high levels of the pollutant appear to be working.

Brendan Gibbons

Despite incentives for carbon capture, U.S. is still mining CO₂ to produce more oil

Even as the Biden Administration is providing billions of dollars in taxpayer subsidies to encourage industry to capture carbon dioxide and bury it underground to help protect the climate, some companies are working in the opposite direction. In places like southwestern Colorado and Jackson, Mississippi, companies are pulling huge volumes of virgin CO₂ out of the ground to use it to extract more oil, which is then burned to contribute more greenhouse gases into the atmosphere.

Pipeline supplying new PA plastics plant charged with criminal cover up of spills

Pennsylvania's Attorney General charged Shell Pipeline with 13 criminal charges for violating Pennsylvania’s Clean Streams Law during construction of the 45-mile Falcon Pipeline in western Pennsylvania. The pipeline transports natural gas liquid in the form of ethane from drilling sites in Ohio, West Virginia, and Pennsylvania to the Shell Polymers Monaca petrochemical plant, where it is processed into plastic. An investigation revealed that Shell allegedly failed to notify state officials about multiple problems, including when drilling mud or fluid was lost underground and came to the surface where it could contaminate waterbodies.

Brendan Gibbons

In Illinois, a massive taxpayer-funded carbon capture project fails to capture about 90 percent of plant’s emissions

The project, run by ethanol producer Archer Daniels Midland and partners, received $281 million in taxpayer dollars via Department of Energy grants. It has stored more than 2.8 million metric tons of CO2 since 2011. However, EPA records show that represents a capture rate of only about 10-12 percent of the plant’s emissions each year at most, allowing the rest of the carbon dioxide to escape into the atmosphere. This small percentage raises questions about whether industrial-scale carbon capture technology can be a meaningful solution to global warming.