Regulatory

Source: World Oil

Texas oil and gas regulatory chairman applauds Supreme Court’s rollback of EPA overreach

World Oil


AUSTIN – The U.S. Supreme Court’s decision on the Environmental Protection Agency’s (EPA) federal overreach with the Clean Air Act is a win for good government, American energy producers and for hardworking taxpayers who simply need cheap, plentiful …

Source: Reuters

Supreme Court restricts EPA’s authority to shift away from fossil fuels

World Oil


(Bloomberg) — The U.S. Supreme Court restricted the Environmental Protection Agency’s authority to curb greenhouse gases from power plants, siding with coal-mining companies and Republican-led states in a blow to President Joe Biden’s climate-change agenda.

The 6-3 ruling

Source: Reuters

Texas proposes rules to ready natgas industry for weather emergencies

Reuters


The Texas Railroad Commission, which oversees the state’s oil and natural gas industries, approved a proposed weatherization rule to help protect Texans during emergencies that could occur any time of the year.

The proposed rule is the latest in …

Source: World Oil

Permian Basin facing new environmental rules that could curb drilling

World Oil


(Bloomberg) — The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.

The Environmental Protection Agency is weighing …

Source: World Oil

Energy Workforce & Technology Council comments on SEC proposed rules on climate disclosures

World Oil


HOUSTON — Energy Workforce & Technology Council submitted comments to the Securities and Exchange Commission (SEC) regarding the proposed rules, “The Enhancement and Standardization of Climate-Related Disclosures for Investors” File Number S7-10-22, that require expanded greenhouse gas reporting …

Source: World Oil

Texas RRC strengthens inspection process for oil, gas facilities in new fiscal year plan

World Oil


AUSTIN – The Texas Railroad Commission on Tuesday approved the Fiscal Year 2023 Oil and Gas Monitoring and Enforcement Plan, which outlines a stronger inspection process and enforcement procedures for evaluating every oil and gas facility at least …

Source: BOE Report

White House weighing oil profits tax to fund consumer rebate, official says

BOE Report


The White House is considering proposals that would tax oil and gas windfall profits in order to provide a benefit to consumers struggling with higher energy prices, a U.S. official said on Thursday.

Bharat Ramamurti, the deputy director …

Source: World Oil

World Oil editorial: UK government can’t have it both ways

World Oil


Recent moves by the UK government of Prime Minister Boris Johnson indicate that people in his regime must think that they can play both sides of the street, so to speak, when it comes to oil and gas …

Source: Reuters

API: FERC policy changes would cause uncertainty and hamper LNG export, reliability goals

World Oil


The American Petroleum Institute (API) filed reply comments to the Federal Energy Regulatory Commission (FERC) addressing the assertions of other commenters and continuing to express concerns that the commission’s two revised policy statements would chill investment in critical …

Source: Reuters

U.S. prepares renewal of Chevron’s Venezuela license without broader terms

Reuters


HOUSTON/WASHINGTON — The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp’s license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the …

Source: Reuters

U.S. to suggest tariffs on Russian oil as alternative to embargoes

Reuters


U.S. Treasury officials said on Tuesday they plan to propose at this week’s G7 finance meeting that European countries impose tariffs on Russian oil, as a faster alternative to an outright oil embargo.

European Union officials are considering a …

SEC extends comment period for proposed rules on climate-related disclosures, reopens comment periods for proposed rules regarding private fund advisers and regulation ATS

SEC extends comment period for proposed rules on climate-related disclosures, reopens comment periods for proposed rules regarding private fund advisers and regulation ATS

SEC.gov


At EnerCom Dallas, EnerCom hosted a panel discussion with Haynes Boone (legal), Moss Adams (accounting) and GeoPark (operator) about the SEC proposed environmental disclosure rules –  Moss Adams – EnerCom Dallas.  Sounds boring I know… but they cover …

Source: CNBC

Joe Manchin opposes SEC climate disclosure rule, says it targets fossil fuel companies

CNBC


Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the Securities and Exchange Commission.

In a letter to the SEC, the West Virginia Democrat said that the proposals go against the …

Source: World Oil

Texas asks 19 finance firms for details on fossil-fuel stances

World Oil


(Bloomberg) — Texas is seeking information from more than a dozen major finance firms on whether their operations discriminate against the fossil-fuel industry.

The state’s comptroller wrote to 19 businesses seeking clarification of their fossil-fuel investment policies and …

Source: Reuters

U.S. senators grill regulators over climate policy on natural gas projects

US News


WASHINGTON – Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and climate issues.

The three Democrats on

Source: Reuters

Texas oil regulator passes resolution supporting reliable energy sources

World Oil


AUSTIN – Railroad Commission of Texas Chairman Wayne Christian passed a resolution urging President Joe Biden and the U.S. Congress not to include anti-oil and -gas policies in the “Build Back Better Act” congressional reconciliation bill.

The resolution …

November 10, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

U.S. regulator expects to find abuses in shipping amid supply chain woes

Reuters


WASHINGTON – The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes.

A broad range of …

November 3, 2021 - 1:30 pm Closing Bell Story‎, Marine Shipping, Regulatory
Source: Reuters

EXCLUSIVE U.S. slows down oil and gas mergers-sources

Nasdaq


NEW YORK/WASHINGTON – U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle soaring …

Source: Reuters

Fossil fuel extraction limits coming, says U.S. Interior Secretary

World Oil


WASHINGTON (Bloomberg) –Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing.

She said …

Source: Reuters

U.S. oil and gas leasing report coming soon, administration official says

Nasdaq


A Biden administration report on federal oil and gas leasing is undergoing an interagency review and should be published soon, an Interior Department official said on Tuesday.

“Reports like this that come at the direction of an executive order …

Source: yahoo.com

California wants air pollution rules suspended to burn more natural gas

World Oil


The state’s main grid operator wants the U.S. Department of Energy

Source: World Oil

Biden’s clean energy future won’t include natural gas

World Oil


WASHINGTON (Bloomberg) –Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

The proposal by …

Source: Reuters

Biden plans September restart of oil leases, per court ruling

World Oil


WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

The Interior Department

Source: Reuters

Judge voids ConocoPhillips Alaska project approved by Trump

World Oil


Source: World Oil

Texas oil regulator proposes tax credits for natural gas infrastructure

World Oil


(Bloomberg) –The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators.

Texas Railroad Commissioner Jim Wright, who sits on the powerful agency …

Source: Reuters

U.S. orders new review of drilling in Alaska wildlife refuge

Nasdaq


The Biden administration said on Tuesday it would conduct a new environmental review of oil and gas leasing in Alaska’s Arctic National Wildlife Refuge.

The widely anticipated move comes two months after the Department of Interior said it would …

Source: Fox Business

Treasury to deploy ‘extraordinary measures’ after Congress misses debt ceiling deadline

Fox Business


The Treasury Department will begin taking special cash-preservation measures on Monday to prevent the U.S. government from defaulting on its debt after Congress missed a key deadline to raise or suspend the borrowing limit.

The debt ceiling, …

August 2, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: World Oil

U.S. Interior secretary accused of defying federal judge’s oil lease ruling

World Oil


WASHINGTON (Bloomberg) –Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why.

“We

Source: Reuters

U.S. FERC to hear Total alleged $214 million natgas manipulation case

Reuters


The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday an Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE TTEF.PA, manipulated the natural gas market in 2009-2012.

The case, …

Source: CNBC

Powell says the Fed is still a ways off from altering policy, expects inflation to moderate

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.

In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements

July 14, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory