Regulatory – Oil & Gas 360

Republican lawmakers face clean-energy conundrum as they work on tax bill

April 21, 2025

(Investing) – WASHINGTON – Republican lawmakers working to extend U.S. President Donald Trump’s tax cuts legislation are facing a clean-energy conundrum back home, as major clean energy investments in their districts are at odds with Trump’s skepticism of the industry. Eleven of the 26 Republicans on the House of Representatives’ tax-writing Ways & Means committee, who are now crafting the

EU explores tweaking methane rules for US gas to help trade talks, sources say

April 21, 2025

(BOE Report) – The European Union is looking at ways to make it easier for U.S. gas exports to comply with its methane emissions rules, as the bloc attempts to avert a trade war with U.S. President Donald Trump, three sources familiar with the matter told Reuters. The European Commission is working on its offer for trade negotiations with the

US will no longer require green analyses on Western states’ oil, gas leases

April 10, 2025

(Investing) – WASHINGTON -The Trump administration said on Thursday that it will no longer require environmental impact statements for oil and gas leases across the U.S. West, in a step toward lifting green hurdles to drilling that environmental groups will likely challenge in court. The Interior Department said in a release that it will no longer require its Bureau of Land

Oil advocate withdraws nomination to lead US land bureau

April 10, 2025

(Investing) – Oil industry lobbyist Kathleen Sgamma has withdrawn herself from consideration to lead the U.S. Bureau of Land Management, U.S. Senator Mike Lee said on Thursday at a Senate hearing that was meant to discuss her nomination. Sgamma had been scheduled to appear before the Senate Committee on Energy and Natural Resources, and Lee, a Republican from Utah, made the

China hits back at US tariffs with rare earth export controls

April 4, 2025

(Investing) – BEIJING/LONDON -China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump’s tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars. China produces around 90% of the world’s refined rare earths, a group of 17 elements used across

State oil firm PDVSA to take over Chevron operations in Venezuela

March 18, 2025

(Oil Price) – PDVSA, the state oil firm of Venezuela, will continue to produce alone crude from its joint ventures with Chevron after the Trump Administration axed the U.S. supermajor’s license to operate in the South American country, Reuters reports, citing a PDVSA document it has seen. At the end of February, U.S. President Donald Trump canceled a sanction waiver for Chevron that allowed

Trump signs executive order to unleash American energy

January 21, 2025

(Oil Price) – U.S. President Donald Trump signed on his first day in office an executive order to unleash America’s energy by easing the barriers to oil and gas extraction and production and revoking a series of climate orders by President Biden. As pledged in the campaign and widely expected to take place on President Trump’s first day in office, the executive order

Analysis-Trump’s Paris climate exit will hit harder than in 2017

January 21, 2025

(Investing) – BRUSSELS/LONDON – A second U.S. withdrawal from the world’s primary climate pact will have a bigger impact – in the U.S. and globally – than the country’s first retreat in 2017, analysts and diplomats told Reuters. One of President Donald Trump’s first acts on returning to office on Monday was to quit the Paris Agreement as part of his

Biden advances final effort to ban Arctic oil drilling

January 17, 2025

(World Oil) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office. The Interior Department move Thursday represents the latest step by outgoing President Joe Biden to enshrine protections that could complicate Trump

Biden hits Russian oil in toughest sanctions yet in bid to give Ukraine, Trump leverage

January 10, 2025

(US News) – WASHINGTON – The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The move is meant to cut Russia’s oil revenues for the war that started in

Alaska wildlife refuge drilling auction yields no bids, US says

January 8, 2025

(Investing) – The U.S. Interior Department said on Wednesday a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy companies. Outgoing President Joe Biden’s administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should remain off-limits to fossil fuel development, even

Trump promised swift action on LNG exports, but advisers preaching patience

January 7, 2025

(Investing) – Advisers to U.S. President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions. The recommendations offer a preview of the challenges Trump will face as his bold campaign promises to slash regulation and unfetter

Premium Content