The Latest

Public Capital

BP Sticks with API after Climate Shift by US Oil Lobby Group

BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said in a report that despite “uneven progress,” the API was “heading in the right direction.”

May 10, 2021

Exploration & Production

Mexican Judge Orders Partial Freeze of New Hydrocarbons Law

The decision suspended certain parts of the law that strengthens state oil company Pemex, which Congress approved in April, the document showed.

May 10, 2021

Exploration & Production

US Interior Stops Trump-era Effort to Loosen Arctic Drilling Regulations

The rollback effort made by the administration of former President Donald Trump was among a string of eleventh-hour proposals aimed at maximizing energy development on public lands and waters.

May 7, 2021

Policy & Regulations

Enbridge to Defy Looming Michigan Shudown Order of Line 5

Michigan Governor Gretchen Whitmer last year revoked the easement for Enbridge’s Line 5 pipeline, or permission to operate, and ordered it to shut down no later than May 12.

May 7, 2021

Policy & Regulations

Top US Oil Lobby Slams Mexico Energy Policies as Undermining USMCA, Discriminatory

The American Petroleum Institute criticized recent amendments to the power industry and hydrocarbons laws that favor of Mexican state energy companies at the expense of others

May 7, 2021

Public Capital

Texas Governor Greg Abbott Backs Exxon Mobil Petition in Climate Case

Texas Governor Greg Abbott urged the state justices to accept Exxon Mobil’s petition in a case with “major implications for the energy industry in Texas.”

May 7, 2021

Investment

Biden’s Energy Policy Will Benefit Middle East, Says Wyoming Governor

Mark Gordon, Wyoming’s governor, said the U.S. Interior Department’s moratorium on issuing new permits to drill for oil and gas on public land under its control would “send capital elsewhere.”

May 7, 2021

Legislation

Texas RRC Lauds Passage of Fossil Fuel Bills

Bills target ESG, local restrictions on fossil fuel use.

May 6, 2021

Crude Oil

Saudi Arabia Cuts Oil Prices for Asia, Sources Say

Top oil exporter Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia, sources say.

May 6, 2021

Infrastructure

Mountain Valley Pipeline Start Delayed, Cost Rises to $6.2 Billion

The natural gas pipe’s delay to summer 2022 is due to regulators’ request for time to review certification applications.

May 5, 2021