World Oil WASHINGTON, April 10, 2023 – The American Petroleum Institute (API) is urging the Biden administration to address the broken permitting process that is halting U.S. energy development. In a comment letter submitted to the White House Council on Environmental Quality (CEQ), API Director of Climate and ESG Policy Jennifer Stewart outlined the harmful provisions of CEQ’s Interim Guidance
Oil Price A Republican sponsored energy bill passed the House on Thursday that seeks to promote oil and gas production in the United States, as well as repeal parts of Biden’s Inflation Reduction Act. H.R. 1 passed the House by a 225-204, according to Bloomberg, although it must now face a seemingly insurmountable hurdle in the Senate and President Biden’s
Nasdaq WASHINGTON – The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a partisan energy bill that poses an early test of unity for House Speaker Kevin McCarthy’s majority. The 175-page measure, dubbed the Lower Energy Costs Act, represents a top 2022 Republican campaign pledge to lower Americans’
Yahoo Finance (Bloomberg) — Republicans are floating legislation that would ease energy permitting in exchange for raising the US debt ceiling, creating a potential path to avoid a default. The White House is still insisting on a bill that simply raises the debt ceiling without conditions. But an agreement on energy permitting could benefit projects ranging from pipelines and
Yahoo Finance The Biden administration plans to send Mexico an “act now or else” message in coming weeks in an attempt to break a stalemate in an energy trade dispute as bipartisan calls grow for the U.S. to get tougher with its southern neighbor, according to people familiar with the discussions. The move would represent a significant escalation in already-strained
Nasdaq The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp CVX.N over oil pollution in Ecuadorian rainforests. The court turned away an appeal by Steven Donziger, who has argued that his prosecution violated his rights
Oil Price The Republican Party is preparing to introduce its first major legislation since it took control of the House of Representatives in the November midterm elections. The GOP wants to use its House majority to push through a major energy bill that will serve as a key part of the party platform for the current term, setting the scene
World Oil The Independent Petroleum Association of America (IPAA) is supportive of multiple House bills that will be marked up in hearings in the Energy and Commerce Committee and the House Natural Resources Committee. In the Energy and Commerce Committee, IPAA supports the “Protecting American Energy Production Act” sponsored by Congressman Duncan (R-SC). This legislation prohibits the President
Oil Price Big Oil majors with operations in Brazil have filed an injunction against a new oil export tax that the Lula da Silva government introduced surprisingly a week ago. The Brazilian government announced at the start of this month that it would collect taxes on crude oil exports for four months in a bid to offset the effects of an
World News (Bloomberg) – U.S. Energy Secretary Jennifer Granholm praised oil executives for boosting output and lauded the industry’s “creative visionaries” in an attempt to ease tensions between the Biden administration and fossil-fuel producers. “The U.S. has become, in this year, an indispensable energy partner to our allies and a global energy powerhouse,” Granholm said, drawing applause from a packed
World Oil AUSTIN – The Railroad Commission of Texas assessed $639,143 in fines involving 204 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. Sixteen dockets involved $153,399 in penalties after operators failed to appear at Commission enforcement
World Oil AUSTIN – At their Feb. 28 open meeting, RRC Commissioners unanimously voted to refer two actions by the Environment Protection Agency (EPA) to the Texas Attorney General to challenge their validity. In 2018 the Texas Commission on Environmental Quality submitted the state’s robust Interstate Transport State Implementation Plan (SIP) for National Ambient Air Quality Standards for ozone –
