World Oil (Bloomberg) – The Biden administration has been ordered by a federal judge to expand its sale of Gulf of Mexico oil leases later this month. The Louisiana-based judge concluded that the Interior Department probably moved wrongly at “the eleventh hour” to yank roughly 6 million acres off the auction block. At issue is the department’s decision last month to
World Oil (WO) – The Alaska Industrial Development and Export Authority (AIDEA) announced that it will fight the Department of Interior’s acts against the 1002 area leases. In 2020, AIDEA made lawful bids and was legally awarded land leases in the 1002 area of ANWR, an area designated by Congress for responsible oil production. This action was laid out in the Tax
Oil Price Senator Joe Manchin is calling for faster approval of high-voltage power lines as part of the permitting reform he has been seeking to pass for months. Manchin, Chairman of the Senate Energy and Natural Resources Committee, is calling for provisions in the reform for the federal government to intervene when electric transmission projects get “stuck at the state level,”
World Oil WASHINGTON — The American Petroleum Responsible development of federal lands is critical for meeting the growing demand for affordable, reliable energy while reducing emissions. Amidst a global energy crisis, this action from the Department of the Interior is yet another attempt to add even more barriers to future energy production, increases uncertainty for producers and may further discourage
Oil Price Several small U.S. refiners plan to challenge in court last week’s decision by the Environmental Protection Agency (EPA) to deny waivers to refiners who had asked to be exempted from the biofuel blending requirements, one of the refiners, Par Pacific, has told Reuters. Under the Renewable Fuel Standard (RFS), oil refiners are required to blend growing amounts of renewable
World Oil Publisher’s Note: Bayswater will be presenting at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com (WO) – Bayswater Exploration & Production announced the unanimous approval of its Onyx Oil and Gas Development Plan (OGDP) by the newly-renamed Colorado Energy &
Oil Price The oil markets continue to be volatile and unpredictable, with WTI and Brent crude making significant gains on Tuesday’s morning session just a day after prices took a big plunge on growing Wall Street bearishness. At 10:13 a.m. EST, Brent crude for July delivery was trading at $74.50/barrel, good for a 3.7% gain, while WTI crude for July delivery climbed by a
World Oil WASHINGTON, May 30, 2023 — The American Petroleum Institute (API) announced that Dustin Meyer has been promoted to Senior Vice President of Policy, Economics and Regulatory Affairs. Meyer previously served as API’s Vice President of Natural Gas Markets, leading the organization’s efforts on domestic and global natural gas markets, as well as natural gas technology and innovation including
World Oil This week, the Interstate Oil and Gas Compact Commission (IOGCC) approved Resolution 23.053 offered by Texas Railroad Commissioner Jim Wright, urging the U.S. Department of the Interior to follow the statutory language passed by Congress with respect to the Federal Orphan Well Plugging Program in the Infrastructure Investment and Jobs Act. The IOGCC is comprised of more than
World Oil The Railroad Commission of Texas assessed $3,515,243 in fines involving 283 enforcement dockets against operators and businesses at the Commissioners’ Conference on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. Thirty-seven dockets involved $1,204,493 in penalties after operators failed to appear at Commission enforcement proceedings. Master Default
Oil Price Senator Joe Manchin introduced a new bill on Tuesday aimed at accelerating the permitting process for oil, gas, renewables, mineral extraction, and power transmission projects to address domestic energy security. The Democratic Senator of coal and natural gas-producing West Virginia has been working for months to garner support from both sides of the aisle for a permitting reform that would
Nasdaq NEW YORK – The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan, two sources familiar with the matter said. The plan would have given EV automakers such as Tesla TSLA.O credits for charging vehicles using power generated from renewable natural gas,
