Regulatory

Source: Reuters

Bill to pressure OPEC oil producer group passes U.S. House panel, future uncertain

Reuters


WASHINGTON – A U.S. House panel on Wednesday passed a bill to open the OPEC oil production group and countries that work with it to lawsuits for collusion in boosting petroleum prices, but it was uncertain whether the legislation …

Source: Reuters

14 GOP state attorneys general sue Biden administration over oil and gas leasing moratorium

CNBC


Fourteen states filed suit on Wednesday against President Joe Biden’s moratorium on new oil and natural gas leases on public lands and waters.

A coalition of 13 states, led by Louisiana, filed one lawsuit on Wednesday. Wyoming filed …

Source: Reuters

U.S. oil activity jumps as executives remain wary of OPEC, Biden – survey

Reuters


Activity and spending in U.S. oil fields is soaring this year as the industry recovers from 2020 pandemic-driven oil price crash, according to optimistic-but-wary energy company executives polled by the Federal Reserve Bank of Dallas in a survey released …

Source: Reuters

Fed’s Kaplan said he expects an interest rate hike in 2022

CNBC


Dallas Federal Reserve President Robert Kaplan told CNBC on Tuesday he likely will favor an interest rate increase before the end of 2022.

Though he doesn’t see inflation becoming a problem anytime soon, the central bank official said he …

March 23, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: Reuters

GOP senators warn Federal Reserve on climate change actions

Fox Business


Republican members of the Senate Banking Committee sent a letter to Federal Reserve Chairman Jerome Powell warning him against using the central bank’s regulatory authority to implement climate change regulations, which is beyond the scope of its mission.…

Source: klfy.com

Louisiana oil and gas industry in danger after President Biden cancels 80-million-acre oil lease sale

KLFY


LAFAYETTE, La. (KLFY) – Louisiana officials say the state’s oil and gas industry is in danger.

This comes after President Joe Biden cancelled a March oil lease sale in the Gulf of Mexico. Nearly 80 million acres of available …

March 16, 2021 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs, Regulatory
Source: Reuters

Texas regulator warns lawmakers against rollback in storm power prices

Reuters


The head of Texas’s power regulator told lawmakers on Thursday that any effort to retroactively reduce the power prices levied during a recent storm would lead to lawsuits that the state could lose.

The state’s power grid operator raised …

Source: Reuters

U.S. senators introduce bipartisan oil and gas leasing reform bill

Reuters


Two U.S. senators on Wednesday said they have introduced a bipartisan bill aimed at boosting taxpayer returns from federal oil and gas leasing, the latest in a string of moves in Washington seeking to reform drilling on public lands.…

March 10, 2021 - 10:05 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

House Democrats seek reform of federal lands drilling program

Reuters


WASHINGTON – U.S. Democratic lawmakers in Congress on Tuesday introduced a set of bills to reform federal oil and gas leasing regulations, including by raising royalty rates and toughening cleanup requirements.

The bills would update decades-old laws governing oil …

Source: Reuters

Biden, Trudeau aim to move past Keystone pipeline disagreement in first bilateral meeting

Reuters


WASHINGTON/OTTAWA – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will try on Tuesday to move past an early disagreement after Biden blocked the Canadian-backed Keystone XL pipeline and look to reset relations after the rocky years …

February 23, 2021 - 10:30 am Closing Bell Story‎, Energy News, Politics, Regulatory
Source: Reuters

U.S. energy regulator to create environmental justice position: chairman

Reuters


WASHINGTON  – The chairman of the U.S. Federal Energy Regulatory Commission said on Thursday the panel will create a senior position on environmental justice, to make sure new energy projects, such as pipelines and liquefied natural gas facilities, do …

February 11, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
New Mexico asks Biden administration to resolve drilling policy ‘confusion’

New Mexico asks Biden administration to resolve drilling policy ‘confusion’

Reuters


New Mexico officials are asking the Biden administration to resolve confusion in the state’s oil and gas industry over a 60-day pause on allowing state-level staff to issue approvals for new federal lands drilling.

In a letter dated Feb. …

February 11, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Factbox: U.S. oil and natgas pipelines delayed by legal and regulatory battles

Reuters


There are numerous large U.S. and Canadian oil and natural gas pipelines in progress, but many have been delayed in recent years due to legal and regulatory battles, while others have been scuttled as costs rose.

Here are the

Source: Reuters

Op-Ed: Biden risks hurting the least fortunate with his oil and gas actions

CNBC


Last week, I watched as President Biden promised a return to the “restless, bold optimism” of yesteryear.

Yet even as he opined on his commitment to govern for all Americans, his staff was quietly working to deprive vast swathes …

Source: Reuters

Texas governor vows to fight U.S. curbs on oil and gas activity

Reuters


ODESSA, Texas – The top elected official of the largest U.S. oil and gas producing state on Thursday pledged to fight President Joe Biden’s executive orders that he claimed would undercut Texas energy production.

In a case of dueling …

Biden’s leasing ban on public lands challenged by Western Energy Alliance in federal court

Biden’s leasing ban on public lands challenged by Western Energy Alliance in federal court

Western Energy Alliance


Publisher’s Note: The Western Energy Alliance oil industry group on Wednesday filed a lawsuit challenging U.S. President Joe Biden’s executive order temporarily suspending oil and gas leasing on federal lands.

Biden's leasing ban on public lands challenged by Western Energy Alliance in federal court- oil and gas 360

 

 

 

  • Suit argues the Executive
January 28, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Contango comments on DOI 60-day suspension of leasing and permitting on federal lands and provides update on Silvertip acquisition closing

Contango comments on DOI 60-day suspension of leasing and permitting on federal lands and provides update on Silvertip acquisition closing

Oil and Gas 360


FORT WORTH, Texas, Jan. 25, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today provided commentary on the US Department of Interior’s 60-day suspension of authority for federal …

Source: Reuters

Biden’s new climate orders to include pause on federal oil and gas leasing – sources

Reuters


The Biden administration is expected to announce a temporary suspension of new oil and gas leasing on U.S. federal lands and waters on Wednesday, and to order that nearly a third of federally run acreage is conserved over the …

Source: Reuters

Big U.S. oil drillers have federal permits to mute effect of any Biden ban

Reuters


U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives.

But …

January 21, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

SEC launches probe of Exxon on Permian Basin asset valuation: WSJ

Reuters


The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp , following a whistleblower complaint that the oil major over-valued a key asset in the top U.S. shale field, the Wall street Journal reported on …

January 15, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

U.S. Army Corps’ new stream crossing rules could hurt oil/gas pipes -analysts

Reuters


The U.S. Army Corps of Engineers has finalized revisions to its Nationwide Permits, a program for utility stream crossings that has been criticized by environmentalists, which analysts say could cause problems for oil and natural gas pipelines.

In recent …

Source: Reuters

In pandemic, Fed showed its muscle in markets still matters

Reuters


The U.S. Federal Reserve’s response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets.

Within weeks, though, its …

December 29, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: Reuters

Congress sets sites on climate change in Covid relief bill

CNBC


The coronavirus relief bill passed by Congress toughens rules around use of a common heat-trapping chemical and funnels billions of dollars into renewable energy.

The measures, attached to a year-end government funding bill, were hailed by some lawmakers as …

December 22, 2020 - 3:00 pm Climate Change, Closing Bell Story‎, Energy News, Regulatory
Source: Reuters

A new University of Wyoming study details the economic effects of a Biden-Harris Administration leasing and drilling ban on Federal lands

Oil and Gas 360


Publisher’s Note: A New University of Wyoming Study Details the Economic Effects of a Biden-Harris Administration Leasing and Drilling Ban on Federal Lands.  

Authored by Dr. Timothy Considine, a Professor of Energy Economics with the School

December 18, 2020 - 3:35 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Ban on federal drilling leases would cost eight U.S. states billions, study finds

Reuters


A ban on new oil and gas drilling leases on federal lands would cost eight Western states $8.1 billion in tax revenue and $34.1 billion in investment in the next five years, according to a study released on Tuesday …

Source: Reuters

Trump administration argues against refiners’ biofuel petition

Reuters


NEW YORK  – The Trump administration has argued against a petition from oil refiners asking the U.S. Supreme Court to review a lower court decision that undermined the legitimacy of the Environmental Protection Agency’s biofuel waiver program.

Department of …

December 9, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Biden’s presidency could be a game changer for impact investing. Here’s what experts are watching

CNBC


In the past four years, preventing climate change and saving the environment have not been high priorities in the Oval Office.

That is expected to change as of Jan. 20, when President-elect Joe Biden will be sworn in as …

December 8, 2020 - 3:30 pm Closing Bell Story‎, Finance, Regulatory
Courtesy of Enbridge

Enbridge Line 3 Starts Construction in Minnesota

Enbridge Line 3 Starts Construction in Minnesota PR Newswire CALGARY, AB an…

December 1, 2020 - 6:37 am Energy News, Pipeline News, Press Releases, Regulatory
Source: Reuters

Enbridge files in Federal Court to block Michigan’s illegal actions against Line 5

Enbridge files in Federal Court to block Michigan’s illegal actions against Line 5 …

November 25, 2020 - 6:03 am Pipeline News, Politics, Press Releases, Regulatory
Source: Reuters

U.S. regulator blasts own agency’s report on unprecedented oil price plunge

Reuters


One of the commissioners of the U.S. Commodity Futures Trading Commission on Tuesday criticized as “incomplete and inadequate” the federal agency’s report on April’s plunge in oil futures deep into negative territory.

Dan Berkovitz, a Democrat who holds one …

November 24, 2020 - 11:36 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory