Legislation

Investment , Legislation , Health, Safety & Environment , Emissions , Renewables

PESA Op-ed: California Needs Real-world Energy Solutions

Switching to an all-renewable energy supply sounds good in theory, but the rhetoric elides the need for reliability and overlooks the critical role oil and gas plays in supporting the renewables supply chain.

October 14, 2020

Crude Oil , Legislation

OPEC, in Major Shift, Says Oil Demand to Plateau in Late 2030s

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Oct. 8, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.

October 8, 2020

Restructurings , Exploration & Production , Legislation

Oil Bankruptcies Could Shift Clean-up Bill to US Taxpayers

U.S. taxpayers could be left footing a bill of tens or even hundreds of billions of dollars to clean up oil and gas wells, a new report says.

October 2, 2020

Legislation , Infrastructure , Rail

Trump Issues Permit for Railway Connecting Canada’s Oil Sands to Alaska Ports

U.S. President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from Canada’s oil sands to ports in Alaska, a project that still faces numerous hurdles.

September 30, 2020

Markets , Legislation , Emissions , Renewables , Technology

Opinion: Energy Transitions and Zero-carbon Targets

In a future transition towards zero-carbon energy sources such as renewables and nuclear, consumption from oil, gas and coal would not automatically decline.

September 30, 2020

Exploration & Production , Legislation , Shale Plays

Colorado Oil Regulators Approve 2,000-ft Setback Rule for Drilling, Fracking

The most impactful of rule changes within SB 181 involves extending setbacks, set to affect Colorado oil and gas operators PDC Energy, Extraction Oil & Gas and Occidental Petroleum, an RS Energy analyst says.

September 29, 2020

Investment , Exploration & Production , Legislation

Canadian Government Commits $320 Million to Aid Offshore Oil Industry

Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.

September 25, 2020

Legislation

Mexican President Holds Back Energy Counter-Reform, For Now

Mexican President Andres Manuel Lopez Obrador said on Sept. 24 he may reverse Mexico’s 2013-2014 energy liberalization next year if he is unable to “rescue” state oil company Petroleos Mexicanos and electricity utility CFE with existing laws.

September 25, 2020

Methane , Legislation , Health, Safety & Environment , Emissions

California, 19 Other States, Sue Trump Admin for Weakening Methane Rules

The lawsuit targets two policy amendments announced by the Environmental Protection Agency in August that roll back methane emissions curbs on the oil and gas industry and weaken requirements for leak detection.

September 14, 2020

Exploration & Production , Legislation , Shale Plays

US Shale Producers Race for Federal Permits Ahead of Presidential Election

Democratic candidate Joe Biden has stated that he does not want to ban fracking outright. However, his climate plan includes banning new oil and gas permits on public lands

September 9, 2020