The Latest

Exploration & Production

Trump Administration Revamps Federal Royalty Rules for Oil, Gas, Coal

The move comes as the November presidential election looms and the Trump administration aims to complete several more deregulatory actions on the spring Unifed Agenda, a list of its policy priorities.

August 7, 2020

Investment

Problems Plagued US Carbon Capture Project Before Shutdown

The plant was designed to capture 33% of the carbon emissions from one of four units at the W.A. Parish coal plant, and pipe it 81 miles to the West Ranch oil field in Jackson County, Texas, where it would push more oil to the surface.

August 7, 2020

Exploration & Production

Egypt, Greece Sign Agreement on Exclusive Economic Zone

In Greece, diplomats said the deal effectively nullified an accord between Turkey and the internationally recognized government of Libya.

August 7, 2020

Investment

Winston & Strawn Launches ESG Advisory Group

The global law firm of Winston & Strawn on Aug. 6 announced the launch of a new environmental, social, and governance (ESG) advisory team, co-chaired by Houston-based partners Mike Blankenship and Eric Johnson

August 7, 2020

Crude Oil

Saudi Arabia Cuts September Crude Prices to Asia

Saudi Arabia's state oil producer Aramco has cut the official selling prices for its crude to Asia and Europe, while leaving them unchanged for the U.S., a document obtained by Reuters showed.

August 6, 2020

Exploration & Production

Texas Takes Steps to Reduce Flaring in Oil Sector

Changes would include reducing the amount of time an operator may get an administrative exception to flare natural gas.

August 6, 2020

Business

E&P Executive Q&A: New API Upstream VP Talks Today’s Challenging Energy Sector

Lem Smith, who was named as vice president of upstream policy for API in May, discusses the oil and gas association’s role amid the current energy climate.

August 6, 2020

Policy & Regulations

FERC Commissioner McNamee to Step Down

Departure could leave the commission with only three of its five seats filled.

August 5, 2020

Infrastructure

US Court Allows DAPL to Stay Open, But Permit Status Unclear

However, U.S. regulatory officials may still have to issue another environmental assessment for DAPL before deciding if the 570,000-bbl/d oil pipeline can continue to operate.

August 5, 2020

Legislation

Trump Signs Law to Fund Overdue Maintenance of Public Lands Using Offshore Royalties

Trump on Aug. 4 signed into law a rare bipartisan bill that will use royalties from offshore oil and gas drilling operations to fund long-overdue maintenance of public lands, national parks and Native American schools.

August 5, 2020