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
Photo by Gary Braasch - Alaska Wilderness League

Conservation groups sue US to halt a ConocoPhillips oil project in Alaska

ABC News

ANCHORAGE, Alaska — Conservation groups are suing the Trump administration to halt the approval of a development plan for a ConocoPhillips oil project in Alaska, arguing that officials underestimated the plan’s harm to local wildlife.

The groups filed …

November 18, 2020 - 12:15 pm Crude Oil News, Regulatory, Renewable/Green/Eco Energy
Alaska Travel to North Slope - photo Credit Stu Turley

Trump Rushes Environmental Regulations That Could Handcuff Biden

BloombergQuint

(Bloomberg) — The Trump administration is rushing to issue permits, finalize major environmental regulations and even sell the rights to drill for oil in Alaskan wilderness before Inauguration Day in a push that could complicate Joe Biden’s climate and …

November 16, 2020 - 5:09 am Politics, Regulatory
Army Corps of Engineers Grants Permit to AVANGRID’S New England Clean Energy Connect Clean Energy Corridor

Army Corps of Engineers Grants Permit to AVANGRID’S New England Clean Energy Connect Clean Energy Corridor

Permit clears the way for construction to begin AVANGRID, Inc. (NYSE: AGR),…

November 5, 2020 - 4:44 am Press Releases, Regulatory, Renewable Energy
Source: Reuters

Factbox: How a Biden presidency would transform the U.S. energy landscape

Reuters


Should Joe Biden win November’s U.S. presidential election, there could be a number of changes in energy policy.

Here are the issues at stake:

INTERNATIONAL OIL SUPPLIES

President Donald Trump’s unilateral sanctions on OPEC members Iran and Venezuela have …

October 27, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: CNBC

Goldman Sachs agrees to pay more than $2.9 billion to resolve probes into its 1MDB scandal

CNBC


Goldman Sachs agreed to pay more than $2.9 billion to regulators around the world, including a record penalty for violating a U.S. anti-corruption law, to resolve probes into its role in an international finance scandal.

The sum includes about …

October 22, 2020 - 3:30 pm Closing Bell Story‎, Finance, Regulatory
Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Stocks sink as Trump scraps COVID stimulus talks, blasts Pelosi

Foxbusiness


Stocks sank after President Trump scrapped stimulus talks while blasting House Speaker Nancy Pelosi’s $2.4 trillion ask which is well above the $1.6 trillion Mnuchin was pushing for.

The Dow Jones Industrial Average fell nearly 400 points or 1.3%, …

October 6, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Jobs, Regulatory
Source: CNBC

J.P. Morgan settles lawsuit that accused firm of ‘spoofing’ precious metals markets trades

CNBC


J.P. Morgan Chase has quietly settled a long-running lawsuit that accused the bank of manipulating precious metals markets with “spoofing” trades.

And the bank is set to pay $920 million to resolve government investigations for similar alleged conduct in …

September 29, 2020 - 2:00 pm Closing Bell Story‎, Finance, Regulatory
Court Rules in Landmark Decision: Federal Tax on Crude Oil Exports Unconstitutional

Court Rules in Landmark Decision: Federal Tax on Crude Oil Exports Unconstitutional

In a federal tax refund case with significant implications for the oil and gas industry…

Colorado oil and gas emissions rules begin to tighten, but gaps open over what is monitored, by whom and where

Colorado oil and gas emissions rules begin to tighten, but gaps open over what is monitored, by whom and where

The Colorado Sun


Western Slope commissioners say rules designed to pull the Front Range into federal ozone compliance are an “economic risk” for northwest Colorado

Colorado is moving to tighten air emissions from a range of oil and gas activities …

September 20, 2020 - 9:39 am Climate Change, Energy News, Regulatory
Trump expected to extend Florida’s offshore drilling ban

Trump expected to extend Florida’s offshore drilling ban

Bloomberg


-President Donald Trump is set to endorse an extended ban on offshore oil development on Florida’s western coast as he courts voters worried that drilling imperils the state’s beaches and tourism-based economy.

At issue is a moratorium on selling …

Workers take in a safety briefing at Devon Energy's Todd 2 water recycling facility, Sept. 10, 2019 near Carlsbad.
Adrian Hedden | Current-Argus

New Mexico finalizes oil and gas wastewater regulations, lawmakers hear testimony

Carlsbad Current Argus


The State of New Mexico finalized changes to its produced water regulations on the oil and gas industry after months of adjustments and debate between state regulator, environmentalists and oil and gas industry leaders.

The Oil Conservation …

September 4, 2020 - 7:30 am Regulatory, Uncategorized, Water
Source: Reuters

Trump will roll back more environmental regulations if reelected, says EPA chief

CNBC


President Donald Trump will move to weaken more environmental regulations on industries if reelected in November, while work to complete Superfund cleanup projects, according to Environmental Protection Agency administrator Andrew Wheeler.

The Trump administration in a second term would …

September 3, 2020 - 12:00 pm Climate Change, Closing Bell Story‎, Energy News, Regulatory
BLM taking comments on Permian sand conveyor –

BLM taking comments on Permian sand conveyor –

KallanishEnergy


The U.S. Bureau of Land Management has opened a public comment period for a proposed conveyor system on public lands to move sand for hydraulic fracturing (fracking) in the Permian Basin of West Texas and New Mexico, Kallanish Energy

September 1, 2020 - 8:00 am Oilfield Services, Regulatory
Source: Reuters

U.S. Army Corps asks appeals court to reverse Dakota Access pipeline ruling

Reuters


NEW YORK  – The U.S. Army Corps of Engineers on Wednesday asked an appeals court to reverse a ruling which scrapped an environmental permit that allows the Dakota Access crude oil pipeline to operate on U.S. land.

Earlier this …

August 27, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG, Regulatory
Exelon Generation to Retire Illinois’ Byron and Dresden Nuclear Plants In 2021

Exelon Generation to Retire Illinois’ Byron and Dresden Nuclear Plants In 2021

Early retirements are the result of market rules that favor polluting power plants over ca…

August 27, 2020 - 11:38 am Climate Change, Energy News, Jobs, Nuclear, Press Releases, Regulatory
Pipeline protests: A decry of fossil fuels, not a voice for the environment.

Pipeline protests: A decry of fossil fuels, not a voice for the environment.

RarePetro


Abstract

Pipelines transporting crude oil, natural gas, and refined products have been a controversial topic for lawmakers, environmental groups, and energy producers throughout the last decade. Since pipelines are the cleanest and safest method of transporting hydrocarbons, the logic …

Source: Reuters

Trump weighs Arctic National Wildlife Refuge oil drilling in Alaska

Reuters


WASHINGTON  – U.S. President Donald Trump on Monday said his administration was considering whether to allow oil drilling in Alaska’s Arctic National Wildlife Refuge, a 19 million acre (7.7 million hectares) refuge that has been off-limits to drilling for …

August 17, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Fox Business

Trump administration rolls back Obama-era methane regulations

Aug. 13 (UPI) — The Trump administration on Thursday rolled back Obama-era regulations limi…

Maine Supreme Court Rules Referendum on New England Clean Energy Connect Unconstitutional

Maine Supreme Court Rules Referendum on New England Clean Energy Connect Unconstitutional

Today the Maine Supreme Court issued a ruling that found the proposed citizen’s initia…

August 13, 2020 - 2:21 pm Energy News, Law, Press Releases, Regulatory, Renewable Energy