Legislation

Legislation , Emissions , Energy Transition

Ethanol Could Get Boost from Carbon Capture Credits in Biden Climate Law

Geoff Cooper, president and CEO of ethanol trade group the Renewable Fuels Association, said the Inflation Reduction Act is “the most significant federal commitment to low-carbon biofuels since the Renewable Fuel Standard was expanded 15 years ago.”

August 18, 2022

Legislation , International

Oil Companies Work Around Jones Act to Supply US Fuel Markets

To get around a century-old shipping law, oil traders are sending unfinished gasoline components to Buckeye Partner's Bahama terminal to finalize and send to the U.S. East Coast.

August 18, 2022

Exploration & Production , Legislation , Lease Sales

US Court Vacates Decision to Block Federal Oil, Gas Leasing Pause

The 5th U.S. Circuit Court of Appeals vacated the Louisiana district court decision to block the Interior Department’s leasing pause after Louisiana and a dozen states sued the administration established arguing that they would suffer injury from the policy.

August 17, 2022

Legislation

Analysis: Oil, Gas Companies to Bear Brunt of New Taxes from Inflation Reduction Act

Oil and gas producers will see new taxes and fees and their effective cash tax rates rise to 15% compared to other sectors, such as a 5% increase for tech.

August 16, 2022

Legislation , Energy Transition

Oil Industry Gears Up to Tap US Climate Bill for Carbon Capture Projects

“This is going to unlock a significant amount of emissions that could become economic for capture,” Milestone Carbon's Chris Davis said of the $430 billion U.S. climate and tax bill and the carbon capture and storage hubs that will come from it.

August 15, 2022

Legislation , Energy Transition

Calif. Governor Proposes $1.4 Billion Loan to Keep Nuclear Plant Open

Decision to reconsider retirement of Diablo Canyon plant stems from rolling blackouts in 2020.

August 15, 2022

Legislation

Climate Act Affirms Oil and Gas Role in Energy Future

The Inflation Reduction Act of 2022 is designed to accomplish a number of policy goals. Watch this Two-Minute Drill segment to learn the pluses and minuses.

August 15, 2022

Legislation , Energy Transition , Pipelines

Opinion: The Good, The Bad, The Climate Bill

The Inflation Reduction Act may seem like a setback for the energy industry, but there are good and bad aspects for oil and gas executives to ponder.

August 11, 2022

Legislation , Health, Safety & Environment , ESG

Energy ESG 2.0: The Evolution of a Megatrend

The concept of ESG in the energy sector continues to evolve amid increasing backlash as discussion around energy security takes center stage.

August 10, 2022

Business , Exploration & Production , Legislation

Talos Energy CEO Touts Inflation Bill for Offshore Leases, Carbon Capture

Talos Energy President and CEO Tim Duncan said offshore lease sales, which could be restored by the Inflation Reduction Act, are a key component of the company’s Gulf of Mexico strategy. 

August 10, 2022