Post Tagged with: "Export ban"

United States Crude Exports: Setting Sail in 2016

United States Crude Exports: Setting Sail in 2016

The United States crude export ban was lifted less than two weeks ago, and domestic companies are wasting no time transporting American oil abroad.

On December 30, 2015, ConocoPhillips (ticker: COP) and NuStar Energy (ticker: NS) announced its first cargo …

December 30, 2015 - 6:37 pm Closing Bell Story‎, Oil and Gas 360 Articles, Regulatory
Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Crude Oil Export Ban Expected to be Lifted as Part of $1.15 Trillion Spending Bill

4 decades later, the U.S. prepares to lift crude oil export ban

The United States Senate has passed a $1.15 trillion omnibus spending bill to keep the U.S. government up and running today. Included in the bill are several provisions …

Bill Lifting Export Ban Passes House of Representatives 249-174

Bill Lifting Export Ban Passes House of Representatives 249-174

Senate vote remains

The Republican-controlled U.S. House of Representatives approved a bill set to boost U.S. energy production, lift the four-decade ban on crude oil exports and modernize the electric grid. The House passed the bill 249-174 despite threats from …

December 3, 2015 - 6:42 pm Closing Bell Story‎, Oil and Gas 360 Articles
Michael Teague, Energy Secretary of Oklahoma, Speaks with OAG360 about Regulations and State Energy Programs

Michael Teague, Energy Secretary of Oklahoma, Speaks with OAG360 about Regulations and State Energy Programs

The United States technological revolution has made rock stars out of flashy, emerging new plays like the Bakken, Niobrara and Utica. And everybody wants to get in on the next hot area.

OKrigsOklahoma, on the other hand, is old school. …

House Set to Vote on Export Ban in September

House Set to Vote on Export Ban in September

House Majority Leader expected to announce vote today

Oil companies have been pushing hard in the last year to see the end of a four-decade-old ban on the export of U.S. crude oil. “The growing supply of American oil is …

September 15, 2015 - 2:47 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
U.S. Loosens Crude Oil Export Ban

U.S. Loosens Crude Oil Export Ban

Crude oil swap with Mexico approved

The United States will start to export light crude oil to Mexico as part of a crude oil swap, leading the U.S. another step closer to lifting the ban on exporting crude oil. The …

Charif Souki of Cheniere Offers Insight at The Oil & Gas Conference® 20

Charif Souki of Cheniere Offers Insight at The Oil & Gas Conference® 20

Cheniere’s head gives his unique perspective

Charif Souki, CEO of Cheniere Energy (ticker: LNG), presented at lunch during EnerCom’s The Oil & Gas Conference® 20 in Denver, Colorado, today. After his speech, conference attendees asked for Souki’s unique insight into …

August 19, 2015 - 6:54 pm LNG, Oil and Gas 360 Articles
Murkowski Report Suggests Using Executive Power to End Oil Export Ban

Murkowski Report Suggests Using Executive Power to End Oil Export Ban

Senate Committee on Energy & Natural Resources: exempt allies from export ban 

Senator Lisa Murkowski (R-AK) has been a vocal proponent of lifting the U.S. crude export ban during her time as head of the Senate Committee on Energy & …

Source: Gazprom. LNG tanker

European Emissaries Call for the End of U.S. Export Ban

Pennsylvania’s shale gas, affordable prices, preferred over Russian gas

Representatives from about 15 European embassies were in attendance during a recent meeting of the Williamsport-Lycoming Chamber of Commerce to discuss lifting the ban of exports of U.S. crude oil and …

Is Canada’s Crude Stored at Cushing Driving Down WTI?

Is Canada’s Crude Stored at Cushing Driving Down WTI?

Cushing, Oklahoma, is the delivery point for United States West Texas Intermediate crude oil (WTI) traded on the New York Mercantile Exchange (NYMEX) and plays a large part in setting the price of crude oil in the U.S.

Storage at …

The E.U. is Lobbying for the U.S. to End the Crude Oil Export Ban

The E.U. is Lobbying for the U.S. to End the Crude Oil Export Ban

The E.U. joins voices calling for an end to the U.S. export ban

Many have called for the end of the crude oil export ban from the United States, saying the legislation is a relic of a global energy picture …

ENRC Energy Bill will Break With Tradition

ENRC Energy Bill will Break With Tradition

OAG360 Exclusive: Interview with Senate Energy and Natural Resources Committee’s Robert Dillon

During her keynote speech this week at CERA Week, Senator Lisa Murkowski (Alaska) announced that she will be introducing legislation this year to repeal the U.S. crude oil …

Report: Lifting the Export Ban will Boost Midstream Investment

Report: Lifting the Export Ban will Boost Midstream Investment

The export ban is keeping U.S. crude prices down

The crude export ban in the United States is often referred to as an antiquated piece of legislation that prevents U.S. light sweet crude oil from reaching international markets. Much of …

April 14, 2015 - 5:55 pm Midstream, Oil and Gas 360 Articles, Regulatory
Benefits to lifting the U.S. Crude Export Ban

Benefits to lifting the U.S. Crude Export Ban

U.S. refiners using most domestic oil in 29 years

Refineries in the United States are relying on domestically produced crude oil now more than any other time since 1986. Domestic production and imports from Canada and Mexico made up 85% …

April 7, 2015 - 6:40 pm Downstream, Oil and Gas 360 Articles
A rig site in North Dakota

U.S. Noncrude Exports Continue Record-Setting Trend

United States exports of noncrude petroleum products increased for the 13th straight year in 2014, the Energy Information Administration said in a report on March 5, 2015. The U.S. averaged 3.8 MMBOPD in 2014 – an increase of approximately …

U.S. Crude Oil Exports Are Quietly Picking up Steam

U.S. Crude Oil Exports Are Quietly Picking up Steam

Reuters reports Enterprise Products Partners (ticker: EPD) has secured light crude oil export contracts with Mitsubishi’s Petro-Diamond Singapore and Vitol, an independent oil trader, for volumes of 40 MBOPD in 2015. The information comes from Reuters sources based on anonymity, …

Politicians Look to Lift Export Ban as Oil Prices Continue to Drop

Politicians Look to Lift Export Ban as Oil Prices Continue to Drop

Representative Joe Barton (R-Tex) introduced a bill yesterday that would remove restrictions on crude oil exports from the United States.

The bill plans to “remove all restrictions on the export of crude oil, which will provide domestic economic benefits, enhanced …

December 10, 2014 - 3:39 pm Oil and Gas 360 Articles, Politics & Opinions