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Oil And Gas Sector

All articles tagged with #oil and gas sector

international-relations2 years ago

"US eases Venezuela oil sanctions, prompting potential diversion of barrels from China"

The Biden administration has eased sanctions on Venezuela's oil and gas sector in response to a 2024 election deal between the Venezuelan government and the opposition. The US Department of the Treasury has issued general licenses authorizing transactions involving Venezuela's oil and gas sector, gold sector, and removing the ban on secondary trading. However, the Treasury is prepared to amend or revoke the authorizations if President Nicolas Maduro fails to follow through on commitments made in the deal. The move marks a significant shift in the Biden administration's approach towards Venezuela, moving away from Trump's "maximum pressure" campaign.

via Reuters Canada|
#election-deal#international-relations#oil-and-gas-sector
environment2 years ago

"US Allocates $700 Million to Slash Methane Emissions in Oil and Gas Industry"

The US government will allocate $1.55 billion in funding to monitor and reduce methane emissions from the oil and gas sector, aiming to tackle the major driver of the climate crisis. The funding will be accompanied by technical assistance to help companies rein in emissions from leaks and daily operations. States will receive up to $350 million to support the identification and reduction of methane emissions from low-producing wells. The EPA and DOE will also invite bids for the deployment of technologies and best practices in the sector. The overall impact is expected to reduce 15 billion metric tons of greenhouse gas emissions between 2022 and 2055.

via Reuters|
#climate-crisis#environment#funding
finance2 years ago

"5 Must-Have Dividend Stocks for a Lucrative Retirement Portfolio"

Energy Transfer and Kinder Morgan are two high-yield dividend stocks in the oil and gas sector that are worth considering. Energy Transfer, a midstream company, offers a nearly 10% yield and has a strong financial footing, making its dividend appear safe. Kinder Morgan, another midstream company, has a dividend yield of 6.8% and is poised for growth due to rising American natural gas exports. Both stocks have attractive valuations and potential for investment returns.

via The Motley Fool|
#dividend-stocks#energy-transfer#finance