Regulatory

Source: Reuters

U.S. grants royalty relief to hard-hit oil, gas drillers

Reuters


The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database, as the industry seeks help weathering low energy prices.

The move shows drillers …

Source: Reuters

Trump administration abruptly postpones New Mexico oil and gas auction

Reuters


The Trump administration abruptly postponed an auction of oil and gas leases in New Mexico that had been scheduled to begin on Wednesday morning, according to a government website about the sale.

No further information about the delay was …

May 20, 2020 - 1:00 pm Closing Bell Story‎, Energy News, Regulatory
Source: CNBC

Powell says GDP could shrink more than 30%, but he doesn’t see another Depression

CNBC


The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday.

The central …

May 18, 2020 - 1:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: Reuters

U.S. commodities regulator warns of more volatility, possible negative prices

Reuters


The top U.S. commodities markets regulator warned exchanges and brokerages on Thursday that they should be prepared for volatility and possible negative pricing for certain contracts, nearly one month after U.S. oil futures plunged into negative territory for the …

Source: CNBC

A resurgence of coronavirus cases will have ‘major consequences’ for the oil market, IEA warns

CNBC


The International Energy Agency (IEA) said on Thursday that market forces had “demonstrated their power” on the supply side of the oil market in recent weeks, but concerns remain over the potential for a second wave of Covid-19 infections.

Source: CNBC

Powell says more policy help may be needed to pull the US out of economic downturn

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that …

May 13, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA


In its May Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects Brent crude oil prices will average $34 per barrel (b) in 2020 and $48/b in 2021. Although market outlooks are subject to many risks, the …

Source: Reuters

Oklahoma oil regulators hear arguments on output cuts

Reuters


Oklahoma’s energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices.

U.S. oil futures CLc1 this year have fallen about 60% to under $25 a barrel …

Argentina’s plan to protect drilling by setting oil prices gains momentum

Argentina’s plan to protect drilling by setting oil prices gains momentum

Bloomberg


BUENOS AIRES (Bloomberg) –West Texas Intermediate has been gaining since its history-making crash in the U.S. last month, trading at around $25. Brent crude has been practically soaring, touching $30 in London. They can’t match the criollo barrel in …

Source: Reuters

U.S. Supreme Court sides with BP unit to curtail Superfund site cleanup lawsuits

Reuters


The U.S. Supreme Court handed BP Plc (BP.L) unit Atlantic Richfield Co a victory on Monday, making it harder for Montana landowners to seek a more extensive cleanup of a hazardous waste site than the federal government …

April 20, 2020 - 1:00 pm Closing Bell Story‎, Energy News, Regulatory
Supreme Court to Take PennEast Pipeline Case? Let’s Hope So!

Supreme Court to Take PennEast Pipeline Case? Let’s Hope So!

Natural Gas Now


Oil & Gas 360 Publishers Note: This is an excellent Op-Ed piece by Jim Willis about the rights of land owners, eminent domain, and left wing government forcing their will on pipelines. This is almost a “government

Source: CNBC

House passes $2 trillion coronavirus stimulus bill, sends it to Trump

CNBC


The House passed a $2 trillion coronavirus relief bill on Friday, sending the unprecedented measure to President Donald Trump’s desk after a scramble to block an effort to delay its passage.

The chamber approved what is believed to …

March 27, 2020 - 3:30 pm Economy, Jobs, Politics & Opinions, Regulatory
Source: NBC

US economy grew at 2.1% rate in fourth quarter

CNBC


The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the …

March 26, 2020 - 2:00 pm Economy, Jobs, Regulatory, Uncategorized
Source: Reuters

Oil prices rise on stimulus package, fuel demand sinks

Reuters


NEW YORK  – U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week.

Demand for oil …

Source: Houston Chronicle

Stocks jump, heading for first back-to-back gain in 6 weeks

Houston Chronicle


NEW YORK (AP) — Stocks are adding to their gains Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage caused by the coronavirus.

The S&P 500 was up 4.7% …

Source: Reuters

‘Astonishing’: Trump EPA backs down on biofuel waivers in blow to U.S. refiners

Reuters


The Trump administration has decided not to appeal a court ruling that would sharply reduce its use of waivers exempting refineries from the nation’s biofuels regulation, cheering the corn lobby but drawing anger from oil refiners.

The administration had …

March 25, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Oil prices fall as demand woes eclipse U.S. stimulus

Reuters


LONDON  – Oil prices fell on Wednesday as faltering fuel demand because of the coronavirus pandemic outweighed a massive pending U.S. economic stimulus package.

Brent crude LCOc1 was down 49 cents, or 1.8%, at $26.66 a barrel at 1400 …

Environmental conservation law concept of a wooden court gavel lying next to a sign that reads climate change.

Climate change lawsuits collapsing like dominoes

Inside Sources


Climate change activists went to court in California recently trying to halt a long losing streak in their quest to punish energy companies for aiding and abetting the world’s consumption of fossil fuels.

A handful of California cities …

March 7, 2020 - 8:28 pm Climate Change, Energy News, Regulatory
Source: Houston Chronicle

Texas Railroad Commissioner Ryan Sitton unseated in GOP primary upset

Houston Chronicle


South Texas rancher Jim Wright unseated incumbent Texas Railroad Commissioner Ryan Sitton in an upset Republican primary victory.

With nearly two-thirds of precincts reporting and Wright had more than 55 percent of the vote in the two-way race …

March 4, 2020 - 2:00 pm Closing Bell Story‎, Energy News, People, Regulatory
S. Korea’s thirst for U.S. crude to keep growing in 2020

S. Korea’s thirst for U.S. crude to keep growing in 2020

Reuters


Oil & Gas 360 Publishers Note: “Light sweet crude contains more naphtha, used in petrochemicals, and also has a lower sulphur content, making it suitable for very low sulphur fuel oil, which has been mandated for shipping since the

Source: CNBC

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

CNBC


The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to cut capital spending by 10% to 15% in 2020.

Rob Kaplan, president of the Fed district, said in an

A liquefied natural gas export facility under construction near Quintana, Texas in 2018.
TRAVIS BUBENIK / COURTHOUSE NEWS SERVICE

Judge allows contested pipeline to proceed through central Texas

Court House News Service


The 430-mile, $2 billion project would carry natural gas from a transport hub in the booming West Texas oil patch to hungry markets on the Gulf Coast

Construction on a hotly contested natural gas pipeline through …

Whiting Oil and Gas seeks to expand crude oil conditioning in Mountrail County

Whiting Oil and Gas seeks to expand crude oil conditioning in Mountrail County

Williston Harold


Whiting Oil and Gas is seeking permission to expand its Lake Robinson Oil Conditioning Facility from 45,000 barrels per day to 65,000 barrels of crude per day.

The $6 million facility is located 7.9 miles northeast of New

Experts evaluate nuclear security components related to transport. (Photo: D. Calma/IAEA)

A Moving Target: Nuclear Security During Transport

IAEA


Nuclear and other radioactive material is hardest to protect when it is transported from point A to point B — more than half of the incidents of theft of radioactive material reported to the IAEA between 1993 and 2019

January 26, 2020 - 7:49 pm Nuclear, Regulatory
House Republicans caught between Trump and young voters on climate change

House Republicans caught between Trump and young voters on climate change

Politico


GOP leaders are putting together their own more modest set of climate policies that their party can rally behind.

House Republicans caught between Trump and young voters on climate change- oilandgas360

House Republicans know they face a growing vulnerability with young voters on climate change — but their attempts to craft …

The NY Public Service Commision's decision fails to protect ratepayers and does not comply with the CLCPA. New York State is on a clear and legally-binding path to quickly transition to a fossil-fuel-free future that the PSC and state-licensed utilities cannot be permitted to ignore. - Getty Images

NY Public Service Commission undermines CLCPA by approving CONED proposal that increases investment in fossil fuels and hikes customer rates

 Earth Justice


The Pace Energy and Climate Center (Pace), represented by Earthjustice, is disappointed that the NY Public Service Commission declined to comply with the State’s Climate Leadership and Community Protection Act (CLCPA) and to step away from …

Houston Chronicle

McNamee, longtime Texas GOP attorney, will step down from FERC

Houston Chronicle


WASHINGTON – Bernard McNamee, a former advisor to Texas Republican Sen. Ted Cruz and fellow at the conservative Texas Public Policy Foundation, said Thursday he would not seek a second term on the Federal Energy Regulatory Commission.

With …

January 23, 2020 - 3:45 pm Closing Bell Story‎, Energy News, People, Regulatory
Source: Houston Chronicle

Trump cuts environmental review for infrastructure, pipelines

Houston Chronicle


WASHINGTON — Environmental reviews for new pipelines, highways and other infrastructure projects would be reduced under a proposal released by the Trump administration Thursday, including the end of a requirement that federal regulators consider the implications for climate …

January 10, 2020 - 2:30 pm Closing Bell Story‎, Energy News, Regulatory
FERC Approves Eastern Shore Natural Gas Company Expansion

FERC Approves Eastern Shore Natural Gas Company Expansion

FERC Approves Eastern Shore Natural Gas Company Expansion

January 7, 2020 - 11:10 am Natural Gas News, Press Releases, Regulatory
The Clean Energy Choice Act introduced in Virginia

The Clean Energy Choice Act introduced in Virginia

The Clean Energy Choice Act introduced in Virginia