Govt & Regulatory News


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Pipeline Group Warns Trump Admin Steel Finding Could Curb Job Creation
Monday, February 19, 2018 Commerce Department sees national security threat from steel imports.

Statement: Iraqi Oil Minister To Visit Turkey
Monday, February 19, 2018 Iraqi Oil Minister Jabar al-Luaibi will visit Turkey at the end of the week at the invitation of his Turkish counterpart to discuss the resumption of oil exports through Turkey's Ceyhan port.

Libya, Nigeria at 'High Risk' of Oil Sector Disruption
Monday, February 19, 2018 Libya and Nigeria are at 'high risk' of oil sector disruption, especially towards the end of 2018, according to oil and gas analysts at BMI Research.

US Sets Largest Offshore Oil, Gas Lease Auction For March
Friday, February 16, 2018 The Trump administration says it will offer the largest oil and gas offshore auction in US history on March 21.

Oil Output Cuts And Electric Car Influx Could Hit Russian Economy
Friday, February 16, 2018 Russia's oil-dependent economy could be hit in 2018 by cuts.

UK Shale Industry Prospects Remain 'Widely Bearish'
Friday, February 16, 2018 Prospects for the UK shale industry remain 'widely bearish', according to oil and gas analysts at BMI Research.

US Spending Bill Expands Carbon Tax Credit, Boosting Oil Producers
Thursday, February 15, 2018 A little-noticed addition to the US budget deal approved last week will help Oxy and other oil producers by more than tripling a tax credit.

Trump Nominee For Key US Energy Post Says Would Oppose Russia Pipeline
Thursday, February 15, 2018 Trump's nominee for a top State Department energy position says he would oppose Russia's proposed natural gas pipeline

Big Oil CEOs Appeal to Norway to Back Carbon Capture and Storage
Thursday, February 15, 2018 Three of the world's biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology.

Africa's Top Oil Producer Poised to Give OPEC an Output Headache
Thursday, February 15, 2018 Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies are trying to restrict output.

Trump Tells Lawmakers He Would Support 25-Cent Gas Tax Increase
Wednesday, February 14, 2018 President Donald Trump told lawmakers he would support a 25-cent-per-gallon increase in federal gasoline and diesel taxes.

Philippines, China To work Out How To Tap Oil, Gas That Both Sides Claim
Wednesday, February 14, 2018 The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea.

EIA: US Oil Stocks Rise, Refining Rates Cut
Wednesday, February 14, 2018 US crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the EIA says.

Fight Over Ethanol Escalates as Bankruptcy Refuels Debate
Tuesday, February 13, 2018 The battle between US farm interests and oil-refining advocates such as Carl Icahn is heating up again.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

Erdogan Tells Cyprus Not To Test Turkey Over Gas Standoff
Tuesday, February 13, 2018 Tempers flaring up in eastern Mediterranean over exploration rights.

Iraq Says $4B Needed For New Downstream Oil Investments
Tuesday, February 13, 2018 Iraq needs $4 billion for new investments in its downstream oil industry, oil minister Jabar al-Luaibi says.

Williams Seeks Rehearing Of NY Denial Of Constitution Natgas Pipe
Monday, February 12, 2018 Consortium asks US federal energy regulators to review their order related to a water quality permit.

Eni Says To Produce 2.9 Bcf Per Day From Zohr Field By Second Half 2019
Monday, February 12, 2018 Production from Egypt's Zohr field will reach 2.9 billion cubic feet per day by mid-2019, Eni says.

Standoff In High Seas As Cyprus Says Turkey Blocks Gas Drill Ship
Monday, February 12, 2018 Cyprus accuses the Turkish military of obstructing a ship contracted by Italian oil company Eni.

Lebanon To Begin Offshore Energy Search In Block Disputed By Israel
Friday, February 09, 2018 Lebanon signs its first offshore oil and gas exploration and production agreements for two blocks, including a block disputed by neighbouring Israel.

Tax Break Popular With Oil Companies, Conservationists Gets Boost
Friday, February 09, 2018 Oil companies that have claimed more than a billion dollars in tax credits for burying carbon dioxide underground just got a windfall from Congress.

Norwegian Police Investigate 2016 Hydrogen Leak At Statoil Refinery
Friday, February 09, 2018 Norwegian police have launched an investigation into a hydrogen gas leak at Statoil's Mongstad refinery, the company says.

Angola Natural Gas Legislation Being Finalised – Oil Secretary
Friday, February 09, 2018 Angolan legislation on exploration and production rights for natural gas is in its final stages.

Iraq Seeks $100B To Reconstruct Transport, Agriculture And Oil Sectors
Friday, February 09, 2018 Iraq seeks around $100 billion in foreign investment in energy, transport, and agriculture as part of a plan to rebuild parts of the country and revive the economy.

Gazprom Neft Eyeing New Tax Relief For Novoportovskoye Oilfield
Friday, February 09, 2018 Russia's Gazprom Neft is considering applying to the finance ministry for a profit-based tax for Novoportovskoe, one of its largest fields.

US Oil Reserve Would Fall Nearly in Half Under Budget Deal
Thursday, February 08, 2018 The US is poised to sell half of its emergency oil reserves to help pay its bills.

Canada Trims Pipeline Reviews as Oil Patch Says Details Missing
Thursday, February 08, 2018 Justin Trudeau is trying to make the oil industry's life a little easier.

Kinder Morgan Canada Set To Fight Back In Pipeline Battle
Thursday, February 08, 2018 Kinder Morgan Canada is gearing up for a legal fight over British Columbia's plans to block increased oil shipments.

EIA: US Crude Stocks Rise On Record Output, Fuel Supply Up Too
Wednesday, February 07, 2018 US crude stocks rose last week even though refineries hiked output, which also boosted gasoline and distillate inventories, the EIA says.

California Says It Will Ban Crude From Trump Offshore Drilling Plan
Wednesday, February 07, 2018 California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters.

Iraqi Army Moves To Secure Planned Oil Route To Iran
Wednesday, February 07, 2018 Iraqi forces launch a security operation along a planned oil transit route to Iran.

Chevron Mulling Participation in Brazil's March Oil Auction
Tuesday, February 06, 2018 Chevron Corp is considering taking part in an oil auction in Brazil as part of a consortium of companies.

US FERC Allows ETP Rover Natgas Pipe to Recommence Ohio Drill
Tuesday, February 06, 2018 Energy Transfer is working to complete its Rover natural gas pipeline by the end of the first quarter.

US Natgas Output, Demand Seen Rising to Record Highs in 2018
Tuesday, February 06, 2018 The latest February output projection for 2018 was down from the EIA's 80.42-bcfd forecast in January.

ETP Rover Natgas Pipe Seeks US FERC OK To Resume Ohio Drill
Monday, February 05, 2018 Energy Transfer Partners LP provided US federal energy regulators with an analysis of residential water wells in the vicinity of the company's drilling site under the Tuscarawas River in Ohio.

US Potential Ban on Venezuelan Oil May Hit Valero Hardest
Monday, February 05, 2018 If the US bans oil imports from Venezuela, Valero and Chevron may end up paying the price.

Iraq Plans Military Operation To Secure Oil Route To Iran - Security Source
Monday, February 05, 2018 Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil.

Croatia To Speed Up Building Of LNG Terminal In Adriatic
Friday, February 02, 2018 Croatia will pass a special law to speed up the construction of a LNG terminal in the northern Adriatic, Prime Minister Andrej Plenkovic says.

Kinder Pipeline Battle Spirals as Alberta Halts Power-Deal Talks
Friday, February 02, 2018 Alberta is striking back at British Columbia after the neighboring Canadian province proposed restricting shipments.

Australia's AWE Raises Concerns Over Chinese Co's Bid With Takeovers Panel
Friday, February 02, 2018 Takeover target AWE Ltd raises concerns over a bid for the company by state-owned China Energy Reserves and Chemical Group.

EPA Chief: Philadelphia Refinery Bankruptcy Shows Need For Biofuel Reform
Thursday, February 01, 2018 The head of EPA says nation's biofuel policy needs an overhaul.

Shell Sweeps Nine Of 19 Blocks Awarded In Mexico Oil Auction
Wednesday, January 31, 2018 Shell snapped up nine of 19 blocks in Mexico's prized Gulf of Mexico deep waters, emerging the clear winner in the country's biggest auction.

Israeli Minister Says Lebanese Claim On Gas Field 'Provocative'
Wednesday, January 31, 2018 Israel described as 'very provocative' a Lebanese offshore oil and gas exploration tender on the countries' maritime border, and urged international firms not to bid.

NPD Grants Aker BP Drilling Permit for Wildcat Well
Wednesday, January 31, 2018 The Norwegian Petroleum Directorate grants Aker BP ASA a drilling permit for wildcat well 6507/5-8.

Alaska Becomes Latest State To Request Limits On US Offshore Drilling
Tuesday, January 30, 2018 Alaska Governor Bill Walker says he has asked US Interior Secretary Ryan Zinke to pare back a Trump administration plan for oil and gas leasing.

Gas Flaring Law Error Cost Nigeria Billions of Dollars
Monday, January 29, 2018 Africa's top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars.

Iraq To Build Oil Refinery In Fao With Chinese Firms, Plans 3 Others
Monday, January 29, 2018 Iraq plans to build an oil refinery at the port of Fao on the Gulf with 2 Chinese companies.

China Unveils Vision for 'Polar Silk Road' Across Arctic
Friday, January 26, 2018 Among China's increasing interests in the Arctic is its major stake in Russia's Yamal LNG project.

U.S. EPA Reverses Policy on 'Major Sources' of Pollution
Friday, January 26, 2018 "It will reduce regulatory burden for industries and the states, while continuing to ensure stringent and effective controls on hazardous air pollutants," said an EPA official.