Regulatory Archives - Page 12 of 84 -

Energy Workforce & Technology Council: Interior’s abuse of Endangered Species Act will curtail U.S. energy production

November 6, 2023

World Oil (WO) – The Energy Workforce and Technology Council issued a statement applauding the passage of H.R. 4821, the Department of the Interior, Environment, and Related Agencies Appropriations Act for Fiscal Year 2024. This bill passed in a bipartisan vote of 213 to 203. The legislation includes provisions advanced by Energy Workforce, including limiting the abuse of the Endangered

API: EPA’s proposed NAAQS revisions “jeopardize” American jobs, risk “substantial” economic harm

November 2, 2023

World Oil (WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality Standards (NAAQS) for fine particulate matter (PM2.5). In a letter to White House Chief of Staff Jeff Zients, the organizations warned that moving forward

US Senator Schumer, other senators urge FTC to probe Exxon, Chevron mega-deals

November 1, 2023

Nasdaq Rewrites throughout to add discussion of higher prices, adds quote and other signatories in paragraphs 3-4, Exxon comment in paragraphs 8-9. U.S. Senate Majority Leader Charles Schumer and 22 other Democratic senators wrote to the U.S. Federal Trade Commission on Wednesday, saying multi-billion dollar acquisitions by oil and gas giants Exxon Mobil XOM.N and Chevron CVX.Ncould lead to higher prices for

Biden’s Alaskan oil plan is “major threat” to future drilling, ConocoPhillips executive warns

October 30, 2023

World Oil (Bloomberg) – A century after the U.S. set aside a broad swath of northwest Alaska to be used as an emergency oil supply, the Biden administration is pursuing changes that could make it impossible to harvest crude from new leases in the 23 million-acre site. The proposal for managing the National Petroleum Reserve-Alaska has alarmed oil industry advocates

Machin calls for Gulf of Mexico oil drilling auction after court ruling

October 27, 2023

World Oil (Bloomberg) – Senator Joe Manchin called on the Biden administration to swiftly auction drilling rights in the Gulf of Mexico, following a federal appeals court ruling Thursday that casts doubt on the future of that oil lease sale. “Shrinking or further delaying Lease Sale 261 threatens both our energy security and climate goals and could make us more dependent on

Texas regulator assess over $2 million in penalties against oil, gas operators

October 25, 2023

World Oil AUSTIN – The Railroad Commission of Texas assessed $2,425,495.50 in fines involving 597 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. Fifty-nine dockets involved $1,010,697 in penalties after operators failed to appear at Commission enforcement proceedings.

Venezuela pursuing former oil clients after US sanctions lift

October 20, 2023

Nasdaq HOUSTON – Venezuelan state-run oil company PDVSA has begun contacting customers with crude supply contracts amid the temporary lifting of U.S. sanctions, two people familiar to the matter said on Thursday, moving to resume cash sales to global refiners. The United States on Wednesday lifted for six months most restrictions on Venezuela for producing, selling and exporting oil to its

Oil falls below $90 a barrel on report of US-Venezuela deal

October 16, 2023

Investing HOUSTON -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. Brent futures were down 59 cents, or 0.67%, at $90.27 a barrel at 10:30 CDT (1532

Texas regulator to overhaul oil field waste management, water protection rules for first time in four decades

October 5, 2023

World Oil AUSTIN- For the first time in nearly 40 years, the Railroad Commission’s Statewide Rule 8 will undergo a substantial overhaul to better reflect modern waste management practices and recent advancements in oil and natural gas production methods. One of the highest priorities of the Railroad Commission of Texas (Commission) is the protection of groundwater resources. Water protection is

Oil industry groups urge Biden administration to revise greenhouse gas reporting rule

October 3, 2023

World Oil (WO) – The American Petroleum Institute urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress industry has made to reduce emissions, increases transparency and accuracy of reporting, and incentivizes innovations in the use of empirical data and cost-effective methane detection technologies. In comments submitted to the

California judge denies Exxon right to use tanker trucks

September 28, 2023

Oil Price A Los Angeles judge this week refused to overturn a county’s decision prohibiting Exxon from using tanker trucks to move crude oil from offshore platforms to refineries after the rupture of a pipeline seven years ago. The pipeline, near Santa Barbara, ruptured in 2015, causing a substantial spill, after which it was suspended. However, it has not been

Continental Resources CEO calls for end of “roller coaster” U.S. energy policy

September 25, 2023

World Oil (Bloomberg) –Shale billionaire Harold Hamm, who has backed several Republican presidential candidates for election in 2024, called for the end of back-and-forth U.S. energy policy that raises costs from one administration to the next. The founder of Continental Resources Inc. gave his remarks to a small crowd of oil industry executives and political friends gathered in Oklahoma City

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