API – Oil & Gas 360

API praises House approval of bipartisan permitting reform bills

December 12, 2025

(World Oil) – WASHINGTON — The American Petroleum Institute (API) is welcoming the U.S. House of Representatives’ passage of two bipartisan bills aimed at overhauling the federal permitting process for energy and infrastructure projects. The legislation includes the Improving Interagency Coordination for Pipeline Reviews Act (H.R. 3668) and the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act (H.R. 3898). Both measures are designed to

MariEnergies discovers oil at Shawal-1 exploration well in Pakistan

October 21, 2025

(World Oil)- MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located within the Mari Development and Production Lease (Mari D&PL) in Sindh Province, Pakistan. The company operates the block with a 100% working interest. The Shawal-1 well was spudded on Jan. 27, 2024, and drilled to a total depth of 1,136 m in the Ghazij Formation. Well

U.S. Senate’s passage of OBBBA a ‘win for American energy,’ say industry reps

July 2, 2025

(World Oil)– The U.S. Senate on Tuesday voted to narrowly approve President Trump’s $3.3 trillion tax and spending package dubbed the ‘One Big Beautiful Bill.’ U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate’s decision as a victory for the U.S. oil and gas industry. “We applaud the Senate for passing the One

House’s passing of Trump’s “One Big Beautiful Bill Act” is a win for U.S. energy, agencies say

May 22, 2025

(World Oil) – Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill. “House passage of this legislation is a significant milestone in advancing American energy dominance,” said NOIA President Erik Milito. “Many of

Biden’s methane rule is dead

March 3, 2025

(Oil Price) – Oil and gas producers in the United States will no longer be obliged to pay a fee for the methane they emit in the course of their operations after Congress voted to axe one of the most celebrated moves of the Biden administration in the energy space. With a 52-47 vote, senators repealed the fee, and now all

US energy lobbying groups wary about Trump tariffs threat

November 26, 2024

(Investing) – PITTSBURGH – U.S. oil and gas lobbying groups said on Tuesday they were wary of President-elect Donald Trump’s threat of tariffs on Canada and Mexico, saying such policies could affect consumers, industry and security. Trump, who takes office on Jan. 20, vowed to impose a 25% tariff on imports from Canada and Mexico, two of America’s biggest trading partners,

API sends letter to President-elect Trump, outlines Five-Point Roadmap for energy policy

November 14, 2024

(World Oil) – The American Petroleum Institute (API) has released a new policy roadmap for the incoming Trump administration and next Congress to secure American energy leadership and help reduce inflation. Beginning with an open letter to President-elect Trump, the five-point policy roadmap details concrete steps Washington can take in 2025 and beyond to protect consumers, bolster geopolitical strength, leverage

Oil slips towards 2-week low on gloomy demand outlook

November 13, 2024

(Investing) – Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China, India, and other regions for its decision, which marked the producer group’s fourth straight downward revision for 2024. Brent futures were 65 cents,

Oil prices climb as US reserve bid lends support

October 29, 2024

(Investing) – Oil prices rose more than 1% on Tuesday, reversing some of the previous session’s 6% tumble, as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures climbed 94 cents, or 1.32% to $72.36 a barrel by 1237 GMT, while U.S. West

American energy security, oil and gas production in jeopardy following Gulf of Mexico court ruling, API warns

September 10, 2024

World Oil (WO) – The American Petroleum Institute is raising concerns over the recent decision by the U.S. District Court for the District of Maryland to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico. In a letter from President and CEO Mike Sommers to Secretary of Commerce Gina Raimondo, Sommers highlighted how the lack

Oil and gas, trucker, agriculture trade groups unite to fight EPA’s “unworkable” emissions rule for heavy-duty vehicles

June 21, 2024

World Oil (WO) – The American Petroleum Institute (API) filed a lawsuit in the D.C. Circuit Court of Appeals challenging the U.S. Environmental Protection Agency’s (EPA) heavy-duty (HD) vehicle emissions standards for model years (MY) 2027-2032. “Today, we are standing up for consumers who rely on trucks to deliver the goods they use every single day,” said API Senior Vice

Oil falls from highs ahead of Fed decision

March 20, 2024

CNBC Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday’s

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