Energy Department Offers $65.5M for Oil and Gas Innovation

The U.S. Department of Energy (DOE) has announced up to $65.5 million in funding for research and development projects aimed at strengthening domestic oil and natural gas production, improving critical energy infrastructure, and turning underused resources into marketable products.

The initiative supports President Donald Trump's executive order 'Unleashing American Energy' as well as the administration's goal of expanding access to affordable, reliable, and secure energy through domestic oil and natural gas development.

DOE Under Secretary of Energy Kyle Haustveit stated that this funding opportunity will help American producers eliminate waste, improve efficiency, and deliver the affordable, reliable, and secure energy that powers the economy and strengthens national security.