$65.5 Million DOE Funding Boosts US Oil and Gas Production

The U.S. Department of Energy (DOE) has announced up to $65.5 million in federal funding for cost-shared research, development, and deployment projects to strengthen domestic oil and natural gas production.

This funding opportunity supports President Trump's Executive Order, 'Unleashing American Energy,' which aims to ensure Americans have access to affordable, reliable, and secure energy through the development of the USA's oil and natural gas supplies.

'Thanks to President Trump's leadership, the Energy Department is making strategic investments to strengthen America's oil and natural gas industry and reinforce the critical infrastructure that powers our economy,' said DOE Under Secretary of Energy Kyle Haustveit. 'This funding opportunity will help American producers eliminate waste, improve efficiency, and deliver the affordable, reliable, and secure energy that powers our economy and strengthens our national security.'

The funding opportunity supports technologies that maximise the productivity of existing infrastructure, expand the capacity and performance of energy delivery systems, and strengthen the resilience of America's oil and natural gas supply chain.