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The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.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