oil drilling
Coverage of oil drilling in the Nexus archive.
- Trump administration rolls back a key protection for imperiled wildlife
The Trump administration finalized a rule changing the Endangered Species Act's enforcement by narrowing the definition of 'harm,' allowing activities like oil drilling and logging in critical wildlife habitats as long as animals are not directly killed. Environmentalists warn this could accelerate species extinction, while industry and Republican allies argue it promotes economic growth by reducing regulatory burdens.
- Santander, JPMorgan to Back $1 Billion TGS Vaca Muerta Financing
Santander and JPMorgan are providing $1 billion in financing for TGS's Vaca Muerta project in Argentina. The funding targets oil drilling operations at the Vaca Muerta Shale oil reservoir in Loma Campana.
- Alaska's oil revival sparks a new energy rush Into the Arctic
Alaska's oil industry is experiencing a revival, sparking increased energy investment and drilling activities in the Arctic, particularly in the National Petroleum Reserve in Alaska (NPR-A). The surge highlights renewed interest in Arctic oil resources amid fluctuating global energy markets.
- Brazil Oil Driller Expanding in Venezuela as US Eases Sanctions
A Brazilian oil company is expanding operations in Venezuela's Orinoco Belt as the United States eases sanctions against the region. This move highlights growing international interest in Venezuela's oil resources amid shifting geopolitical dynamics.
- 'God squad' waives animal protections to expand oil drilling in Gulf of Mexico
The 'God squad' has waived animal protections to expand oil drilling in the Gulf of Mexico, citing national security concerns. Secretary of Defence Pete Hegseth defended the decision as essential for national security.