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Commodities

$65.5M DOE Funding Boosts Domestic Oil and Natural Gas Production

Guavy AI Editorial Team
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Natural Gas
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The US Department of Energy (DOE) has allocated $65.5 million to support domestic oil and natural gas production through research, development, and deployment projects.

This funding aims to improve energy infrastructure efficiency and reliability by converting underutilized resources and supporting technologies that maximize existing infrastructure productivity.

The DOE's Under Secretary of Energy Kyle Haustveit stated that the department is making strategic investments to strengthen America's oil and natural gas industry, reinforcing critical infrastructure that powers the economy.

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