Regulatory

Oil Pipelines Hit A Dead End. So Do Power Lines Needed For Renewable Energy

Oil Pipelines Hit A Dead End. So Do Power Lines Needed For Renewable Energy

Forbes


Oil & Gas 360 Publishers Note: Sometimes when people make decisions, they do not look at the unintended consequences. Stopping the oil and gas pipelines will hurt the renewable markets – oops…

Builders of oil and gas pipelines suffered

Source: Reuters

End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects

Reuters


WASHINGTON/NEW YORK  – A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good …

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America;

Line 5 shutdown and what that means for Canadians

BOE


Oil & Gas 360 Publisher’s Note – This is an excellent example of the courts taking one side of the energy market and hurting many people. This is a bad short term decision, and is bad for Canada and

Source: Fox Business

US negotiates North American rival to OPEC as Trump trade deal takes effect

FOXBusiness.com


Publisher’s Note:  Much to the irritation of OPEC and world-wide national oil states, American innovations in hydraulic fracturing, horizontal drilling and seismic technology have all contributed to the Shale Revolution and has enabled the US energy industry to become

Source: CNBC

Federal Reserve releases minutes for June meeting

CNBC


The Federal Reserve on Wednesday released the minutes from its June 9-10 meeting, during which it held interest rates steady and had an in-depth discussion about capping bond yields and strengthening its guidance about where policy will be set …

July 1, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: NPR

U.S. oil M&A activity rises in second quarter on Appalachian gas deals: Enverus

Reuters


Dealmaking activity in the U.S. oil patch improved in the second quarter, after a subdued start to the year, helped by deals targeting assets in the gas-rich Appalachian region, according to data from oil and gas analytics firm Enverus.…

Source: Reuters

Oil up after Trump assurance on China trade deal

Reuters


LONDON  – Oil prices rose on Tuesday in a volatile session after U.S. President Donald Trump soothed jangled nerves over the status of the U.S.-China trade deal.

Markets were unsettled by surprise comments from White House trade adviser Peter …

U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail

U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail

NGI


 

Oil & Gas Publishers Note: The conclusion: “The new regulations could aid small-scale LNG projects in remote areas or help stakeholders at a time when larger export terminals are facing development hurdles amid a global gas glut and

New pipeline tariff, authorisation policy to push for higher share of gas in energy basket

New pipeline tariff, authorisation policy to push for higher share of gas in energy basket

Energyworld


Oil & Gas 360 Publishers Note: The United States could learn from India on getting pipelines approved through regulations. Great policies for affordable energy for the growing population. 

New Delhi: In a bid to raise the share of …

Source: CNBC

Treasury Secretary Mnuchin says ‘we can’t shut down the economy again’

CNBC


Treasury Secretary Steven Mnuchin told CNBC on Thursday that shutting down the economy for a second time to combat the spread of Covid-19 isn’t a viable option and could cause even more headaches for Americans.

 

His comments came …

June 11, 2020 - 3:00 pm Closing Bell Story‎, Economy, Regulatory
Source: CNBC

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

CNBC


The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic.

Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, …

June 10, 2020 - 2:30 pm Economy, Finance, Regulatory
Source: Reuters

Exclusive: Oil tankers turn away from Venezuela as more sanctions loom

Reuters


Two tankers that were sailing toward Venezuela to load crude have turned around since the weekend and three other vessels have left Venezuelan waters as the United States considers blacklisting dozens of ships for transporting the country’s oil, according …

After years of protests against the Constitution Pipeline, New York recently denied a key water quality permit for the project. A new EPA rule would make it harder for states to do that.

Trump Administration Limits New York’s Power To Stop Oil And Gas Pipelines

NPR


Oil & Gas Publishers Note: This is actually great news on many levels. Potentially getting natural gas to the eastern states from the Marcellus Shale would help get New York from buying natural gas from the Russians. Let’s keep

Source: Reuters

Trump administration shelves more oil and gas lease sales

Reuters


The Trump administration has backed off its regular oil and gas lease sale schedule, postponing at least two auctions that had been set for later this month after delaying a major sale in New Mexico in May, according to …

Source: Reuters

US scraps over 10,000 acres of oil auctions amid Covid-19 uncertainty

Offshore Technology


The Trump Administration has scrapped a series of oil and gas licencing auctions, halting new offshore developments in US territory as the Covid-19 pandemic continues to disrupt the oil and gas industry.

The Bureau of Land Management (BLM), …

June 2, 2020 - 9:00 am Crude Oil News, Fracing, Regulatory
Source: Reuters

U.S. EPA moves to curb state powers to deny permits for energy projects

Reuters


WASHINGTON – U.S. Environmental Protection Agency chief Andrew Wheeler signed on Monday a rule limiting state powers to block energy infrastructure projects, setting up a fight with some Democratic governors who say Washington is stripping their ability to protect …

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 …