Even if Democrats were a majority in the Senate, legislation is unlikely.
If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an interview with Reuters on Nov. 23.
Colorado’s oil and gas regulator on Nov. 23 approved tougher permitting rules for new oil and gas wells, including requiring a 2,000-ft (610 m) separation between wells and homes or public spaces, from the current 500-foot setback.
Orbital Sidekick will provide targeted monitoring in the oil and gas industry to detect and prevent leaks.
The U.S. Treasury Department on Nov. 17 issued a new license to Chevron Corp., the last major U.S. oil company still operating in Venezuela, giving it until June 3 to wind down its joint ventures in the OPEC member nation.
If two Republican senators don’t win their seats in the January runoff, Ethan Bellamy expects oil to be a loser during Joe Biden’s administration.
The $11 billion Nord Stream 2, led by Russia's state energy company Gazprom, would double its existing pipeline capacity to take gas undersea to Europe via Germany.
Renewed lockdown measures in Europe aimed at containing a rise in COVID-19 cases appear set to push the outlook for global oil demand toward the downside, an official with the International Energy Agency (IEA) said on Nov. 9.
When it comes to the oil and gas rules and the costs, Trump and Biden take opposite stances, say experts at the North American Gas Forum.