Crude Oil , Trade , Legislation , Storage

Small, Midsize Oil Producers Left Out of Stimulus Bill

The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.

March 26, 2020

Exploration & Production , Legislation

US Lawmakers Ask Interior To Cut Offshore Oil Royalty Rates Due To Market Slump

The economic fallout of the outbreak combined with a price war between major oil producer nations Saudi Arabia and Russia has triggered a slump in crude oil prices that threatens the once booming U.S. drilling industry.

March 20, 2020

Crude Oil , Trade , Legislation

Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting

In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.

March 18, 2020

Legislation , Emissions , Digital Oilfield

R&D Tax Credit: An Overlooked Incentive To Fund Oil, Gas Innovation

The credit can be a significant source of cash and key to funding expensive innovation projects.

March 16, 2020

Legislation , Shale Plays

Report: Democratic Candidates’ Fracking Ban Would Cost US Economy $7 Trillion

The report from the American Petroleum Institute (API) underscores mounting concern in the U.S. oil and gas industry over the possibility a  Democratic candidate will rapidly end the fossil fuel economy.

February 28, 2020

Investment , Legislation , Health, Safety & Environment , Emissions , Enhanced Oil Recovery

Carbon Capture Advocates Still Waiting For Way Forward

The IRS and U.S. Treasury Dept. have not yet issued final rules on exactly how to implement these credits, causing proponents of carbon capture, use and storage technology a great deal of frustration.

February 24, 2020

Crude Oil , Trade , Legislation

OPEC Says Coronavirus To Trim 2020 Oil Demand

The report could bolster the case for even more supply curbs by OPEC, which is considering whether to curb output further to offset slower demand.

February 13, 2020

Crude Oil , Trade , Legislation

Trump’s Budget Proposes Sale From Emergency Oil Reserve

Budget documents said a sale from the Strategic Petroleum Reserve would help raise funds for priorities including $242 million needed to fix a Naval Petroleum Reserve site in California.

February 11, 2020

Exploration & Production , Legislation

Virginia Lawmakers Vote To Block Offshore Oil Drilling

The offshore drilling plan was part of a broader effort by the Trump administration to maximize domestic energy production, but has drawn vehement opposition from nearly every coastal state.

February 5, 2020

Exploration & Production , Legislation , Health, Safety & Environment

California Sues Trump Administration Over Drilling Plan

The lawsuit alleges the U.S. Bureau of Land Management failed to adequately consider the adverse effects oil and gas drilling would have on the people and environment in eight Central California counties.

January 17, 2020