Govt & Regulatory News

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US Judge Orders Review Of TransCanada's Keystone XL Pipeline Route
Thursday, August 16, 2018 A federal judge in Montana has ordered the US State Department to do a full environmental review of a revised route for the Keystone XL oil pipeline.

Reduced Royalty Rates Will Lead to Even Greater Increase in GOM Activity
Thursday, August 16, 2018 Reduced royalty rates will lead to an even greater increase in activity in the Gulf of Mexico, according to the Louisiana Mid-Continent Oil and Gas Association President Chris John.

Oil Edges Up As China,US Set Trade Talks But Markets Wary Of Slowing Demand
Thursday, August 16, 2018 Oil prices on Thursday clawed back some of the previous day's losses.

Chinese Oil Importers Shun US Crude Despite Tariff Reversal
Wednesday, August 15, 2018 Chinese oil importers are shying away from buying US crude.

EIA: US Crude Oil Stockpiles Rise Unexpectedly In Week
Wednesday, August 15, 2018 US crude stocks rose unexpectedly last week, while gasoline stocks decreased and distillate inventories grew, EIA says.

Oil Companies Make Few Bids In US Offshore Lease Auction
Wednesday, August 15, 2018 Oil companies bid on less than 1% of the parcels offered in a sweeping US auction of Gulf of Mexico exploration leases.

Analysts: Oil Price Rise to Drive Up Drilling Globally
Wednesday, August 15, 2018 The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.

Rule Change Cuts Demand for Canadian Oil
Tuesday, August 14, 2018 Canadian heavy oil producers are facing a new barrier to marketing their crude.

PetroChina Mulls Suspending US LNG Purchases
Monday, August 13, 2018 PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.

Merkel, Putin To Discuss Syria, Ukraine And Energy
Monday, August 13, 2018 Chancellor Angela Merkel and President Vladimir Putin will discuss the war in Syria, the conflict in east Ukraine and a disputed pipeline.

U.S.-Iran Sanctions Give China Lead in Globe's Top Gas Field
Monday, August 13, 2018 CNPC is expected to take the lead on a $5 billion project to develop Iran's share of the world's biggest gas deposit.

Russia, Iran, And 3 Others Agree Caspian Status, But Not Borders
Monday, August 13, 2018 Iran and 4 ex-Soviet nations, including Russia, agree in principle how to divide up the potentially huge oil and gas resources of the Caspian Sea.

Gulf Of Mexico Oil Lease Auction To Test Response To Trump-Era Regulations
Friday, August 10, 2018 A federal auction of exploration leases in the Gulf of Mexico next week will test energy companies' appetite for acreage.

Russia Seeks To Limit Re-Exports Of Oil Products Via Belarus
Friday, August 10, 2018 Russia is planning to limit exports of refined oil products to Belarus in a bid to curtail re-exports from the country.

Signing of Convention on Legal Status of Caspian Sea a 'Landmark Event'
Friday, August 10, 2018 The signing of a convention on the legal status of the Caspian Sea is a 'landmark event' for Iran, Azerbaijan, Russia, Kazakhstan and Turkmenistan, says Verisk Maplecroft's Camilla Hagelund.

Europe Getting Serious About Buying US LNG
Friday, August 10, 2018 European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the US, but the region is making its biggest effort to date to change that.

Cheniere CEO sees no impact from Chinese tariffs on U.S. LNG
Thursday, August 09, 2018 Cheniere CEO Jack Fusco says he does not expect proposed Chinese tariffs on US liquefied natural gas to have an economic impact on the LNG's company's existing contracts.

Scottish Government Announces Decommissioning Fund Boost
Thursday, August 09, 2018 An additional $6.4 million has been made available to the supply chain in Scotland 'to help maximize the economic benefit from the decommissioning of North Sea infrastructure'.

At Iran's Risk, Trump Is Winning Over Fastest Growing Oil Market
Thursday, August 09, 2018 One of Iran's biggest oil customers is buying more US crude.

China State Firms to Expand Domestic Oil, Gas Exploration After Xi's Call
Wednesday, August 08, 2018 China, the world's top energy user and also largest crude oil importer, is facing declining reserves and soaring development costs.

India to Launch DSF Bid Round II on Thursday
Wednesday, August 08, 2018 India's ministry of petroleum and natural gas will launch DSF Bid Round II on Thursday.

Analysts: Venezuela's Oil Sector Continues to Unravel
Wednesday, August 08, 2018 Venezuela's oil sector 'continues to unravel', according to oil and gas analysts at Fitch Solutions Macro Research.

OGA Awards New Contracts to Help Stimulate UKCS Exploration Activity
Wednesday, August 08, 2018 The UK's Oil and Gas Authority (OGA) has awarded new contracts through government funding 'to continue to stimulate exploration activity on the UK Continental Shelf (UKCS)'.

Minister: Exxon 'Very Hopeful' of Success in Discovering 'Big Cache' of Oil
Tuesday, August 07, 2018 ExxonMobil is 'very hopeful' of success in discovering a 'big cache' of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, said in a press statement.

US Court Vacates Two Permits for Dominion Atlantic Coast Natgas Pipe
Monday, August 06, 2018 A U.S. appeals court vacated decisions by two federal agencies that allowed Dominion Energy Inc to build natgas pipeline.

OPINION: Trump's SAFE Fuel Rule Proposal Is Anything But
Monday, August 06, 2018 The Trump administration's proposal to relax vehicle pollution standards got me thinking about the oil price. I don't mean where it's going, but what it is.

Iran's Oil-Market Realities: How Buyers Are Positioning for Sanctions
Monday, August 06, 2018 In 3 months' time, U.S. sanctions on Iran are due to enter into force that could drive the Persian Gulf nation's exports down toward zero and upend the global oil market.

Feds Drop Obama-era ExxonMobil Probe
Friday, August 03, 2018

Cuadrilla Seeks Fracking Consent for 2nd Horizontal Shale Gas Well at PNR
Friday, August 03, 2018 Cuadrilla submits an application to the UK's DBEIS for consent to conduct hydraulic fracturing operations in its 2nd horizontal shale gas exploration well at the Preston New Road site in Lancashire.

Italy PM Non-Committal After Discussing TAP Pipeline Dispute With Mayor
Thursday, August 02, 2018 Italian Prime Minister Giuseppe Conte meets the mayor at the center of a dispute threatening to delay work on the euro Trans Adriatic Pipeline.

EIA: US Crude Inventories Rise Unexpectedly As Imports Jump
Wednesday, August 01, 2018 US crude stocks rose last week as imports jumped, while gasoline stocks decreased and distillate inventories rose, the EIA says.

US EPA Head Wants Car Industry, States To Compromise On Emissions
Wednesday, August 01, 2018 Acting US EPA chief Andrew Wheeler told lawmakers he would welcome any deal between the auto industry and states like California.

Yemen's Houthis Halt Red Sea Attacks For Two Weeks
Tuesday, July 31, 2018 Yemen's Houthi group says it is unilaterally halting attacks in the Red Sea.

Iran Oil Ministry Limits Senior Managers to 4-Year Terms
Monday, July 30, 2018 Iran's Oil Minister Bijan Namdar Zanganeh is imposing 4-year term limits for all top oil managers at state-run energy companies.

Lopez Obrador Seeks To Boost Mexico Oil Output To 2.5 MMbpd From 1.9 MMbpd
Friday, July 27, 2018 Mexican president-elect Andres Manuel Lopez Obrador said he will look to revamp the nation's six refineries so they are operating at full capacity within two years.

Analysts: New Zealand Crude Oil Output Poised to Decline
Friday, July 27, 2018 New Zealand's crude oil production is poised to decline over the coming years, according to oil and gas analysts at BMI Research.

Trump: Europe to Become 'Massive' Buyer of U.S. LNG
Thursday, July 26, 2018 Europe will build more terminals to import US LNG, the head of the European Commission told US President Trump during a meeting aimed at averting a transatlantic trade war.

US Clears Path For Faster Natural Gas Exports To Latin America
Wednesday, July 25, 2018 The US Energy Department cleared the way for faster approval of small scale exports of natural gas including LNG to Latin American countries.

EIA: US Crude Inventories Slump 6 MMbbls To Feb 2015 Low
Wednesday, July 25, 2018 US crude oil inventories last week tumbled more than expected to their lowest level since 2015.

Dominion Atlantic Coast Natgas Pipe On Track For Late 2019 Start
Wednesday, July 25, 2018 Dominion Energy says that its $6-$6.5B Atlantic Coast natural gas pipeline from West Virginia to Virginia and North Carolina remains on track.

South Sudan Terminates Petroleum License Talks With Total
Wednesday, July 25, 2018 South Sudan has called off talks with Total about developing two oil blocks, the petroleum ministry says.

Cuadrilla UK Fracturing Consent Labeled 'Momentous Achievement'
Wednesday, July 25, 2018 Cuadrilla Resources' receipt of hydraulic fracturing consent for its first horizontal shale gas exploration well at Preston New Road has been called a 'momentous achievement' by UKOOG's Ken Cronin.

Russian Oil Preparing for Biggest Tax Overhaul in 20 Years
Wednesday, July 25, 2018 Russia, one of the world's top 3 crude producers, is preparing the most radical shakeup of its oil-tax system since 1999.

Colombia Could Create New System For Oil Round Bidding Amid Delays
Tuesday, July 24, 2018 Colombia is preparing changes to its bidding process for oil areas in an effort to increase investment and find new reserves, the head of the oil regulator says.

In First For UK, Govt Clears Cuadrilla To Frack Shale Gas Site
Tuesday, July 24, 2018 Cuadrilla became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for commercial production.

Govt Data: Iran Becomes India's No. 2 Oil Supplier, Ahead Of Saudi
Monday, July 23, 2018 Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister says.

Trump's Twitter War with Iran Spotlights Vital Oil Route
Monday, July 23, 2018 The war of words between Trump and his counterpart in Iran over oil exports and sanctions is shining a spotlight on the narrow, twisting conduit for about 30% of the world's seaborne-traded crude.

Court: US EPA Wrongly Denied Biofuel Waiver For W. Virginia Refinery
Friday, July 20, 2018 The US EPA must reconsider its denial of small West Virginia refinery Ergon's application for an exemption from US biofuel laws.

Analyst: New Pipeline in Mexico to Help Relieve Permian Bottleneck
Friday, July 20, 2018 A new natural gas pipeline in northern Mexico should provide needed takeaway capacity for Permian producers.

After Pumping More Oil for Trump, Saudis Doubt if it's Needed
Friday, July 20, 2018 Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production, only to discover that global markets might not yet need it.