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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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
$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…]
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…]
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…]
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…]
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…]
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…]
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 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…]
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…]
