Regulatory

Source: Reuters

U.S. to suggest tariffs on Russian oil as alternative to embargoes

Reuters


U.S. Treasury officials said on Tuesday they plan to propose at this week’s G7 finance meeting that European countries impose tariffs on Russian oil, as a faster alternative to an outright oil embargo.

European Union officials are considering a …

SEC extends comment period for proposed rules on climate-related disclosures, reopens comment periods for proposed rules regarding private fund advisers and regulation ATS

SEC extends comment period for proposed rules on climate-related disclosures, reopens comment periods for proposed rules regarding private fund advisers and regulation ATS

SEC.gov


At EnerCom Dallas, EnerCom hosted a panel discussion with Haynes Boone (legal), Moss Adams (accounting) and GeoPark (operator) about the SEC proposed environmental disclosure rules –  Moss Adams – EnerCom Dallas.  Sounds boring I know… but they cover …

Source: CNBC

Joe Manchin opposes SEC climate disclosure rule, says it targets fossil fuel companies

CNBC


Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the Securities and Exchange Commission.

In a letter to the SEC, the West Virginia Democrat said that the proposals go against the …

Source: World Oil

Texas asks 19 finance firms for details on fossil-fuel stances

World Oil


(Bloomberg) — Texas is seeking information from more than a dozen major finance firms on whether their operations discriminate against the fossil-fuel industry.

The state’s comptroller wrote to 19 businesses seeking clarification of their fossil-fuel investment policies and …

Source: Reuters

U.S. senators grill regulators over climate policy on natural gas projects

US News


WASHINGTON – Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and climate issues.

The three Democrats on

Source: Reuters

Texas oil regulator passes resolution supporting reliable energy sources

World Oil


AUSTIN – Railroad Commission of Texas Chairman Wayne Christian passed a resolution urging President Joe Biden and the U.S. Congress not to include anti-oil and -gas policies in the “Build Back Better Act” congressional reconciliation bill.

The resolution …

November 10, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

U.S. regulator expects to find abuses in shipping amid supply chain woes

Reuters


WASHINGTON – The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes.

A broad range of …

November 3, 2021 - 1:30 pm Closing Bell Story‎, Marine Shipping, Regulatory
Source: Reuters

EXCLUSIVE U.S. slows down oil and gas mergers-sources

Nasdaq


NEW YORK/WASHINGTON – U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle soaring …

Source: Reuters

Fossil fuel extraction limits coming, says U.S. Interior Secretary

World Oil


WASHINGTON (Bloomberg) –Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing.

She said …

Source: Reuters

U.S. oil and gas leasing report coming soon, administration official says

Nasdaq


A Biden administration report on federal oil and gas leasing is undergoing an interagency review and should be published soon, an Interior Department official said on Tuesday.

“Reports like this that come at the direction of an executive order …

Source: yahoo.com

California wants air pollution rules suspended to burn more natural gas

World Oil


The state’s main grid operator wants the U.S. Department of Energy

Source: World Oil

Biden’s clean energy future won’t include natural gas

World Oil


WASHINGTON (Bloomberg) –Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

The proposal by …

Source: Reuters

Biden plans September restart of oil leases, per court ruling

World Oil


WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

The Interior Department

Source: Reuters

Judge voids ConocoPhillips Alaska project approved by Trump

World Oil


Source: World Oil

Texas oil regulator proposes tax credits for natural gas infrastructure

World Oil


(Bloomberg) –The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators.

Texas Railroad Commissioner Jim Wright, who sits on the powerful agency …

Source: Reuters

U.S. orders new review of drilling in Alaska wildlife refuge

Nasdaq


The Biden administration said on Tuesday it would conduct a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge.

The widely anticipated move comes two months after the Department of Interior said it would …

Source: Fox Business

Treasury to deploy ‘extraordinary measures’ after Congress misses debt ceiling deadline

Fox Business


The Treasury Department will begin taking special cash-preservation measures on Monday to prevent the U.S. government from defaulting on its debt after Congress missed a key deadline to raise or suspend the borrowing limit.

The debt ceiling, …

August 2, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: World Oil

U.S. Interior secretary accused of defying federal judge’s oil lease ruling

World Oil


WASHINGTON (Bloomberg) –Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why.

“We

Source: Reuters

U.S. FERC to hear Total alleged $214 million natgas manipulation case

Reuters


The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday an Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE TTEF.PA, manipulated the natural gas market in 2009-2012.

The case, …

Source: CNBC

Powell says the Fed is still a ways off from altering policy, expects inflation to moderate

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.

In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements

July 14, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: Reuters

Biden to sign order to promote competition in U.S. economy

Yahoo News


President Joe Biden is set to sign an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater …

Source: Reuters

U.S. SEC to consider new ‘sustainable’ fund criteria, data disclosure rules

Investing.com


WASHINGTON – U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said on Wednesday he has asked the regulator’s staff to consider rules that would require self-proclaimed “sustainable” fund managers to disclose the criteria and underlying data used to …

July 7, 2021 - 12:30 pm Capital Markets, Closing Bell Story‎, Finance, Regulatory
Source: CNBC

U.S. Supreme Court backs refineries in biofuel waiver dispute

CNBC


The U.S. Supreme Court on Friday bolstered a bid by small oil refineries to seek exemptions from a federal law requiring increasing levels of ethanol and other renewable fuels to be blended into their products, a major setback for …

Source: Reuters

Iran says U.S. to lift oil sanctions, Germany cautious on matter

Nasdaq


Iran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks between Tehran and world powers to revive a 2015 nuclear deal.

The …

Source: Fox Business

Biden, top financial regulators to focus on climate change at White House meeting

Fox Business


President Biden is slated to meet with top financial regulators on Monday afternoon in the Oval Office, during which they are expected to discuss a spate of issues including the risks that climate change poses to the financial …

Source: BOE Report

Analysis: Biden may hinder oil and gas drilling even after court loss

BOE Report


Publisher’s Note: Kathleen Sgamma will be presenting at EnerCom’s The Oil & Gas Conference in August.

U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental …

Source: Reuters

EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say

Reuters


NEW YORK -President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with …

Source: Reuters

Iran prepared to ramp up oil output quickly if U.S. sanctions eased – SHANA

Reuters


DUBAI – Iran is planning a speedy increase in its oil output, a senior oil ministry official said on Wednesday, as talks continue between Tehran and six major powers to lift U.S. sanctions that have seen it pumping far …

Source: Reuters

U.S. seeks less costly clean hydrogen in climate fight

Reuters


WASHINGTON – The Biden administration on Monday set a goal of reducing the cost of producing clean hydrogen, a fuel that could reduce dependence on others that emit greenhouse gases that cause climate change.

The Department of Energy (DOE) …

Source: CNBC

Russia to consider ditching dollar-denominated oil contracts if faced with more U.S. sanctions

CNBC


Russian Deputy Prime Minister Alexander Novak on Thursday said the oil and gas-rich country may soon be tempted to move away from U.S. dollar-denominated crude contracts if President Joe Biden’s administration continues to impose targeted economic sanctions.

“Well, ideally