Sunday, August 9, 2026
API responds to EPA's supplemental proposed methane rule- oil and gas 360

API responds to EPA’s supplemental proposed methane rule

World Oil (WO) – The American Petroleum Institute (API) released the following statement Friday from Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola in response to the Environmental Protection Agency’s (EPA) supplemental proposed methane rule:   “API looks forward to reviewing the proposed rule in its entirety and will continue to work with EPA in support of a

Republicans pitch clean US oil production at UN climate summit- oil and gas 360

Republicans pitch clean US oil production at UN climate summit

World Oil (Bloomberg) – U.S. House Republicans made the case for more U.S. oil production at the UN climate summit in Egypt, arguing that cleaner domestically produced crude is needed to meet growing demand. “If we are going to be increasing global demand of oil and gas we must ensure that the extraction, exploration and production activities are occurring in

U.S. rig count increased by 7, is at 580- oil and gas 360

U.S. rig count had an increase of 9 this week, at 779

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 9 over last week, resulting in a total count of 779   rigs. Canada had a decrease of 9 over last week, resulting in a total Canadian count of 200 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford,

Senators warn law firms about 'collusive' ESG initiatives- oil and gas 360

Senators warn law firms about ‘collusive’ ESG initiatives

World Oil (WO) – Five U.S. Senators have sent letters to 51 law firms detailing the possible antitrust violations that their clients may commit if they pursue collusive Environmental, Social, and Governance (ESG) initiatives.   The letter, signed by Marsha Blackburn (R-Tenn.), Tom Cotton (R-Ark.), Chuck Grassley (R-Iowa), Mike Lee (R-Utah) and Marco Rubio (R-Fla.), advises the law firms to

Oil executives warn G7 price cap could lead to stranded tankers- oil and gas 360

Oil executives warn G7 price cap could lead to stranded tankers

Oil Price Oil cargo could soon be stranded at sea if G7 leadership fails to get insurers details regarding the upcoming—but undefined—price cap mechanism on Russian crude oil, senior industry executives told Reuters this week.   The price cap plan—although it can hardly be called a plan at this point—is set to take effect as of December 5, after Canada,

Column: Global recession a bigger risk to Russia’s oil revenue than price cap- oil and gas 360

Column: Global recession a bigger risk to Russia’s oil revenue than price cap

Nasdaq LONDON – Russia’s oil export revenues are at much greater risk from a global economic recession than the price cap being planned by the United States and the European Union.   Recession is a sure-fire way to reduce Russia’s earnings from the export of crude, diesel and other refined products. If there is a global economic slowdown in 2023,