Legislation

Legislation , Energy Transition , Midstream

‘Heavy Lifting’ Needed to Overcome Permitting Bill Opposition, Manchin Says

U.S. Senator Joe Manchin said it will take “an awful lot of heavy lifting” over the next two or three days to overcome opposition by “strange bedfellows” ranging from progressive Senator Bernie Sanders to Senate Minority Leader Mitch McConnell.

September 23, 2022

Natural Gas , Legislation , Emissions

California Takes Step Away from Natural Gas to Heat Buildings

California has been at the forefront of efforts to phase out the use of natural gas in buildings. Since 2019, more than two dozen cities have passed measures to reduce the use of gas in buildings.

September 23, 2022

Crude Oil , Legislation

Recession Will Be Necessary to Rebalance the Oil Market: Column

"Profit-maximizing enterprises do not intentionally invest in higher oil inventories or spare production capacity," Reuters' John Kemp said in a recent column on recession as it is tied to the oil market.

September 23, 2022

Natural Gas , Legislation

Dash for Gas: Why Fracking is Back on Britain's Agenda

Due to European gas prices spiking after Russia's invasion of Ukraine, Britain is looking to increase previously declining domestic gas production to balance out natural gas prices.

September 23, 2022

Exploration & Production , Legislation , Lease Sales

US Plans to Hold Cook Inlet Drilling Auction in Alaska

The sale is among the concessions to the oil and gas sector included in U.S. President Joe Biden's new climate change law, the Inflation Reduction Act (IRA).

September 22, 2022

Legislation , Infrastructure , Midstream

US Senator Manchin Releases Permitting Bill to Speed Energy Projects

The legislation would require the federal government to issue permits for Equitrans Midstream Corp.’s long-delayed $6.6 billion Mountain Valley Pipeline to take natural gas between West Virginia, Manchin’s home state, and Virginia.

September 22, 2022

Legislation , Health, Safety & Environment , Midstream

Australia Court Scraps Drilling Permit for Santos' $3.6 Billion Barossa Gas Project

Judge Mordecai Bromberg of Australia's Federal Court ruled that Santos did not properly consult with the Tiwi islanders, who would risk damage to sacred spiritual sites.

September 21, 2022

Markets , Trade , Legislation

US Senators Want Secondary Sanctions on Russian Oil

The secondary sanctions would target financial institutions involved in trade finance, insurance, reinsurance and brokerage of Russian oil and petroleum products sold at prices exceeding the cap.

September 20, 2022

Legislation , International

Aramco CEO Says Europe's Energy Crisis Plans Only Short-term Solution

"Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution," Aramco's Amin Nasser said of Europe's energy bill cap plans.

September 20, 2022

Legislation , Infrastructure , Energy Transition

DOE Launches Floating Offshore Wind Initiative Starting along West Coast

A lease sale for floating wind areas offshore California will take place by year-end 2022 as U.S. aims to lower costs by 70%, according to an announcement by the DOE.

September 15, 2022