Regulatory – Page 3 – Oil & Gas 360

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

US oil executives expect faster permitting under Trump, says Dallas Fed

January 2, 2025

(Investing) – HOUSTON -U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy firms in Texas, Louisiana and

Biden administration races to approve green funding ahead of Trump presidency

December 19, 2024

(Oil Price) – Following the recent election of Donald Trump as the next president of the U.S., the Biden administration is racing to approve huge quantities of green funding to ensure the U.S. gets the best chance possible at a green transition. The Biden government’s far-reaching climate policy, the Inflation Reduction Act (IRA), is under threat as President-elect Trump has repeatedly

Texas RRC adopts major new oil and gas waste management rules

December 18, 2024

(World Oil) – After extensive reviews of public comments and stakeholder input, the Railroad Commission of Texas has adopted a significant overhaul of rules regulating oil and gas waste management facilities in Texas. RRC Commissioners voted to adopt the new regulations at their open meeting today. The regulations cover waste from oil and gas operations, such as rock and other

EPA approves California ban of fossil-fueled cars starting 2035

December 18, 2024

( Oil Price) – The Environmental Protection Agency (EPA) has approved California’s bid to enforce a rule to end sales of new gasoline-powered vehicles in the state by 2035. California Gov. Gavin Newsom has applauded the decision, saying it will improve public health by slashing harmful air pollution as residents adopt cleaner electric or hybrid vehicles. “Clean cars are here to stay,” Newsom

Exclusive-Biden administration will not finalize clean fuel tax credit guidance

December 3, 2024

(Investing) – Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president’s climate agenda. The tax credit, the engine behind President Joe Biden’s ambitious plan to

Countries fail to reach agreement in UN plastic talks

December 2, 2024

(Investing) – BUSAN, South Korea -Countries negotiating a global treaty to curb plastic pollution failed to reach agreement on Monday, with more than 100 nations wanting to cap production while a handful of oil-producers were prepared only to target plastic waste. The fifth U.N. Intergovernmental Negotiating Committee (INC-5) meeting intended to yield a legally binding global treaty in Busan, South Korea,

API CEO pens letter to Trump outlining critical factors for American energy success

November 19, 2024

(World Oil) – Today in Newsweek, API President and CEO Mike Sommers outlines how the next administration and new Congress can advance commonsense energy policies that work for all Americans. Strength in leadership, homegrown production and upholding consumer choice are among his top points to consider. Dear President-elect Trump: “There were many surprises in the 2024 election. But one thing

Dig, baby, dig? New mining legislation introduced

November 14, 2024

(Oil & Gas 360)—Bipartisan legislation introduced by Senators John Hickenlooper (D) of Colorado and Thom Tillis (R) of North Carolina has recently brought some welcome news to America’s beleaguered domestic mining industry. Dig, baby, dig? New mining legislation introduced- oil and gas 360 The National Critical Minerals Council Act aims to foster partnerships with allied nations and private companies on

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