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360 Articles

Source: Security Service of Ukraine

Ukrainian Authorities Detain Russian Tanker

By Tyler Losier, Energy Reporter, Oil & Gas 360 Security Service of Ukraine detains Russian oil tanker, releases crew after threats from Moscow A Russian oil tanker is being detained by Ukrainian authorities in the port of Izmail near the Black Sea in what appears to be an act of retaliation for a similar incident that occurred last November. According[Read More…]

U.S. Sanctions China’s State-Run Oil Company for Buying from Iran

U.S. Sanctions China’s State-Run Oil Company for Buying from Iran

By Tyler Losier, Energy Reporter, Oil & Gas 360 Secretary of State Mike Pompeo announces sanctions for Zhuhai Zhenrong and its chief executive The United States government will be imposing sanctions on Zhuhai Zhenrong Company Limited, a state-run oil company in China, and its chief executive for purchasing crude oil from Iran. On Monday, Secretary of State Mike Pompeo announced[Read More…]

Iran Seizes Two More Tankers as Strait of Hormuz Tension Escalates

Iran Seizes Two More Tankers as Strait of Hormuz Tension Escalates

By Tyler Losier, Energy Reporter, Oil & Gas 360 British and Liberian-flagged vessels seized by Iran, who President Trump calls “nothing but trouble” Iran has seized two oil tankers – one British-flagged and one Liberian-flagged – in the Strait of Hormuz, following through on its threats to retaliate after one of its ships was seized by U.K. authorities off the[Read More…]

Iran Reportedly Seizes Oil Tanker in Strait of Hormuz

Iran Reportedly Seizes Oil Tanker in Strait of Hormuz

By Tyler Losier, Energy Reporter, Oil & Gas 360 Iranian Revolutionary Guard seizes foreign tanker, claims it was smuggling fuel Iran’s Islamic Revolutionary Guard Corps Navy has reportedly seized a foreign oil tanker traveling through the Strait of Hormuz, claiming that the ship was attempting to smuggle Iranian oil out of the country. Based on a series of videos released[Read More…]

Oil Tanker Disappears in the Strait of Hormuz

Oil Tanker Disappears in the Strait of Hormuz

By Tyler Losier, Energy Reporter, Oil & Gas 360 UAE denies ownership of the Panama-flagged vessel, which has been missing for two days The Riah, a 190-foot Panama-flagged oil tanker traveling through the Strait of Hormuz, has been missing since Saturday after its transponder stopped broadcasting near the coast of the small Iranian island of Qeshm. According to the Associated[Read More…]

Source: Sweetcrudereport.com

Global Economic Slowdown Reducing Oil Demand

By Tyler Losier, Energy Reporter, Oil & Gas 360 Supply deficit quickly flipped to surplus: International Energy Agency data now shows 500,000 barrel per day global surplus for Q2 2019 Despite the OPEC+ supply cuts agreed upon earlier this month, a slowdown of the global economy is dampening oil demand, leading to a larger-than-expected surplus in crude reserves. According to[Read More…]

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Colorado: Weld County Just Created its Own Oil & Gas Department

The Weld County oil & gas department will open August 5 Weld Commissioners say the action “solidifies their commitment of preserving oil and gas production in the county” By Bevo Beaven, Editor, Oil & Gas 360 In the wake of Colorado’s energy overhaul law, SB 19-181, which passed the Colorado legislature and was signed into law this spring, allowing counties[Read More…]

Supertanker Suspected of Violating Sanctions Seized Off the Coast of Gibraltar

Supertanker Suspected of Violating Sanctions Seized Off the Coast of Gibraltar

By Tyler Losier, Energy Reporter, Oil & Gas 360 Vessel suspected of carrying Iranian oil to Syria in violation of EU sanctions An Iranian supertanker carrying oil allegedly bound for Syria was detained in Gibraltar by British Royal Marines this Thursday for violating sanctions put in place by the European Union, further straining the already tense relationship between and Tehran[Read More…]

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020

Temporary moratorium on applications for new oil and gas development and seismic testing – public hearing scheduled for July 16 to determine if moratorium will be extended By Bevo Beaven, Editor, Oil & Gas 360 Some of Colorado’s local governments have begun taking action using their newly granted powers to impose rules and review permits for oil and gas development[Read More…]

July 2, 2019 - 5:13 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Crude Up Over 5% After Trump’s Latest Iran Tweets

Crude Up Over 5% After Trump’s Latest Iran Tweets

By Tyler Losier, Energy Reporter, Oil & Gas 360 Downed drone leads to comments from White House As of mid-afternoon Thursday, WTI crude oil prices are trading at almost $57 after President Trump tweeted that Iran made a “very big mistake” by shooting down a U.S. spy drone over the Strait of Hormuz. According to CNBC, U.S. officials are reporting[Read More…]

Colorado Governor’s Withdrawal of Support for Jordan Cove Riles U.S. Congressman

Colorado Governor’s Withdrawal of Support for Jordan Cove Riles U.S. Congressman

Polis’s snub of Jordan Cove dovetails with his new 100% renewable energy program By Bevo Beaven, Editor, Oil & Gas 360 U.S. Congressman Scott Tipton, representing Colorado’s Western Slope — the Piceance Basin. Photo: U.S. House of Representatives U.S. Congressman Scott Tipton (R) took a shot at Colorado Governor Polis for reversing the previous Colorado governor’s official state support for[Read More…]

June 14, 2019 - 5:35 am 360 Articles, Closing Bell Story, Downstream, LNG, Midstream, Politics
Source: Islamic Republic News Agency

Oil Spikes After ‘Suspicious’ Tanker Attacks in Middle East

By Tyler Losier, Energy Reporter, Oil & Gas 360 Two vessels seriously damaged after seemingly intentional strike Two tankers were attacked Thursday near the Strait of Hormuz in the Gulf of Oman, leading to a spike in oil prices as markets opened today. U.S. officials are blaming Iran for the incidents; however the country has vehemently denied any involvement. Source:[Read More…]

Canadian Senate Committee Nixes Oil Tanker Moratorium Act that would Prevent Energy Exports from B.C.

Canadian Senate Committee Nixes Oil Tanker Moratorium Act that would Prevent Energy Exports from B.C.

The Senate Standing Committee on Transportation last night voted to defeat Bill C-48, the Oil Tanker Moratorium Act. “Bill C-48 would do virtually nothing to address legitimate marine safety concerns of local communities regarding thousands of cruise ships, fueling and other types of vessels that traverse Northern British Columbia waters on an annual basis; it contains no measure to improve[Read More…]

May 16, 2019 - 5:08 pm 360 Articles, Canada, Closing Bell Story, Law, Politics, Regulatory
Source: University of Colorado

Colorado Energy Bill Results in Crestone Peak’s Comprehensive Drilling Plan Hearing Being Tabled by the COGCC

SB 19-181 lands Crestone Peak CDP on Director’s Objective Criteria list – i.e. drilling plan red flagged to provide additional time to evaluate; all deadlines, prehearing conferences and the hearing on Crestone CDP are vacated Boulder County Board of County Commissioners issued a notice yesterday regarding the status of Crestone Peak Resources’ comprehensive drilling plan to develop its minerals in[Read More…]

May 3, 2019 - 2:08 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Colorado Enviro Groups Using the COGCC System to Request 2,500-Foot Setbacks, Add Climate Change Impact Analysis to Colorado Drilling Permit “Objective Criteria,” and to Place an Immediate Pause on COGCC Permitting and Leasing of Minerals

Colorado Enviro Groups Using the COGCC System to Request 2,500-Foot Setbacks, Add Climate Change Impact Analysis to Colorado Drilling Permit “Objective Criteria,” and to Place an Immediate Pause on COGCC Permitting and Leasing of Minerals

Letters request that all preparatory work be halted – including leasing of minerals Enviro lobby tells members exactly what to write COGCC Director Robbins before Monday’s deadline Misleading letter suggests oil companies are drilling in advance of receiving permits to drill The public comment period for the Draft Director’s Objective Criteria list ends Monday, April 29, and the anti-fossil fuel[Read More…]

April 26, 2019 - 4:51 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Dear Weld County’s Hard Working Citizens: When Governor Polis said He wants All Families to have a Chance to Thrive, He Wasn’t Talking about You—Weld County Commissioners

Dear Weld County’s Hard Working Citizens: When Governor Polis said He wants All Families to have a Chance to Thrive, He Wasn’t Talking about You—Weld County Commissioners

Weld County economy depends heavily on oil and gas production The Board of Weld County Commissioners, representing the working people who live in the epicenter of Colorado’s most prolific oil-producing region, posted a message to their constituents in response to Governor Polis’s signing of Senate Bill 19-181 into law.  SB 19-181 is the law that makes vast changes the priorities[Read More…]

April 22, 2019 - 5:56 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now

Colorado Governor Jared Polis held a brief bill signing ceremony today at which he signed Senate Bill 19-181 into law. The act that overhauls much of Colorado’s energy regulation landscape became law today, effective immediately after being signed into law by Gov. Polis. The bill was enacted by the Colorado Legislature in recent weeks. It was signed by the president[Read More…]

Colorado Energy Overhaul Bill 181 Achieves Final Passage, Heads to Governor Polis

Colorado Energy Overhaul Bill 181 Achieves Final Passage, Heads to Governor Polis

Energy overhaul bill SB 181 with House amendments passes final vote in Senate after 22 minutes of discussion in its last legislative appearance in past 4 1/2 weeks Colorado’s controversial energy overhaul bill, Senate Bill 19 – 181, which was introduced March 1 and shot through six committees and two Committee of the Whole votes in the state’s two legislative[Read More…]

April 3, 2019 - 4:27 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Final Vote Postponed for Colorado’s Energy Overhaul—Again

Final Vote Postponed for Colorado’s Energy Overhaul—Again

When Senate Bill 19-181, Colorado’s much publicized energy overhaul bill, came up for a third reading in the Colorado Senate Tuesday morning, a movement to lay the bill over for another day was quickly carried, postponing the final discussion and senate vote until April 3. It’s the second day the bill was laid over. This last vote is required for[Read More…]

April 2, 2019 - 1:20 pm 360 Articles, Closing Bell Story, Jobs, Politics, Regulatory
Colorado Energy Overhaul Bill Passes House, Heads Back to Senate for Final Vote

Colorado Energy Overhaul Bill Passes House, Heads Back to Senate for Final Vote

Sweeping changes to the COGCC mission and composition, mandate for new rulemakings, new permitting layers, and involvement of local governmental approvals will usher out ‘business as usual’ for Colorado’s oil and gas industry The bill that lays out the language that will overhaul Colorado’s oil and gas rules, Colorado’s Senate Bill 19-181, has now jumped over the next to last[Read More…]

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

Colorado Energy Overhaul Bill Speeds Through All Six Committees, Next Up – Second Reading and House Vote

Bill may finish its journey this week The 2019 Democrat-controlled Colorado legislature has toggled Senate Bill 19-181 through six committees in both houses at record speed. The bill, which seeks to give the siting and permitting decisions for new wells and other oil and gas operations to local governments, a function that has been reserved for the State of Colorado[Read More…]

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

CU Denver Business School Study Itemizes $ Billions in Paychecks, Funds for Colorado Schools and Services from Oil and Gas Drilling and Production

$13.5 billion in GDP, $1 billion of public revenue supporting schools, social assistance programs, parks and water infrastructure are in question A new study from the University of Colorado Denver Business School’s Graduate Energy Management program itemizes the significant economic impact from Colorado’s oil and gas upstream and midstream subsectors, calling oil and gas “a critically important spoke in the wheel[Read More…]

March 25, 2019 - 4:52 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
COGCC Logo

Colorado Gov. Names ‘Local Control’ Attorney Robbins Director of COGCC

Colorado’s new governor, Jared Polis, has named attorney Jeff Robbins as the full-time director of the Colorado Oil & Gas Conservation Commission. Robbins had served as acting director of the commission since January 17. COGCC Director Jeff Robbins Robbins has served as counselor and advisor to Governor Jared Polis on oil and gas issues for the past five years. “Jeff’s[Read More…]

March 21, 2019 - 4:59 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Colorado Energy Overhaul Bill Moves to Second House Committee

Colorado Energy Overhaul Bill Moves to Second House Committee

The Colorado Legislative Council sent out a Tweet just after midnight on March 19 announcing that the House Committee on Energy & Environment has referred Senate Bill 19-181, Protect Public Welfare Oil & Gas Operations, to the Committee on Finance. The motion passed in the committee on a vote of 7 For – 4 Against. Froelich Yes Geitner No Kipp[Read More…]

March 19, 2019 - 11:09 am 360 Articles, Closing Bell Story, Politics, Regulatory
Colorado Energy Overhaul: After Sprinting through the Senate in 5 Days, Energy Bill Leaps to the House

Colorado Energy Overhaul: After Sprinting through the Senate in 5 Days, Energy Bill Leaps to the House

Colorado House Energy & Environment Committee will hear SB 19-181 on Monday Revised Fiscal Note looks at oil and gas production and tax revenues Colorado Democrats own all three branches of government in 2019. It’s been a head-spinning week watching the controversial and highly contested energy overhaul bill zoom through the Colorado Senate. SB 19-181 was introduced on March 8[Read More…]

March 15, 2019 - 4:34 pm 360 Articles, Closing Bell Story, E&P, Politics, Popular 4, Regulatory
COGCC Acting Director Issues Well Location ‘Red Flag List’ to Permitting Staff

COGCC Acting Director Issues Well Location ‘Red Flag List’ to Permitting Staff

Drilling permit protocol memo flags 15 location criteria “subject to additional review by Director”   By Bevo Beaven, Editor, Oil & Gas 360 A significant increase in the number of drilling permit applications submitted last year in the lead-up to the Nov. 6 election, and with it the looming possibility that Proposition 112 might become law, resulted in 6,307 oil and[Read More…]

March 12, 2019 - 2:54 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Colorado Energy Overhaul Bill Zooms to Senate Floor Tuesday March 12

Colorado Energy Overhaul Bill Zooms to Senate Floor Tuesday March 12

It’s ‘Not about Local Control, It’s about Total Control’: Weld County Commissioner Barb Kirkmeyer Intended to be a moratorium – bill’s sponsor says SB 19-181 rules apply to 4,500 Weld County drilling permits now pending approval: Kirkmeyer By Bevo Beaven, Editor, Oil & Gas 360 The Colorado Senate has now scheduled the second floor-reading for SB 19-181, the controversial bill[Read More…]

March 11, 2019 - 5:54 pm 360 Articles, Closing Bell Story, Law, Politics, Regulatory
Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

With 6 Dems and 4 Republicans on Senate Appropriations Committee, advancement after Friday’s hearing was virtually assured  The Colorado General Assembly is wasting no time rocketing the contentious energy revamp bill through the State House. Senate Bill 19-181 was introduced on March 1, 2019—just a week ago—and It’s moving along partisan lines at record speed. By the end of business[Read More…]

Colorado’s New Energy Bill Gives Local Governments Full Power to Regulate Land Use, Siting of Oil and Gas Operations

Colorado’s New Energy Bill Gives Local Governments Full Power to Regulate Land Use, Siting of Oil and Gas Operations

Colorado bill requires that no drilling permits will be issued until COGCC has “promulgated every rule required to be adopted by oil and gas bills enacted in 2019, and those rules have become effective”  Pro and Con:  Dualing Rallies are Taking Place at the Colorado State Capitol – Tuesday March 5, 2019 “The language as it stands would portend a[Read More…]

March 5, 2019 - 6:13 am 360 Articles, Closing Bell Story, E&P, Politics, Popular 2, Regulatory
Climate Group-Led Petition Demands New Colo. Governor Revamp COGCC’s Mission

Climate Group-Led Petition Demands New Colo. Governor Revamp COGCC’s Mission

Groups behind Colorado Prop. 112 want new governor and legislature to change oil and gas commission; soliciting public support for petition Anti-oil and gas industry factions have already sprung out of the gates in 2019 by asking Colorado’s newly elected state legislature and its new governor-elect to reboot the mission of the state’s oil and gas regulator. As it reads[Read More…]

January 2, 2019 - 5:49 pm 360 Articles, Closing Bell Story, Politics, Regulatory