Govt & Regulatory News

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Keystone XL Takes Another Step Forward
Thursday, January 23, 2020 TC Energy Corp.'s long-delayed Keystone XL pipeline took another step forward with U.S. approval of a key stretch of construction.

Alarm Over Virus Pushing Down Oil
Thursday, January 23, 2020 Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.

Oil, Gas Bankruptcy Filings Climb in 2019
Wednesday, January 22, 2020 The price of oil has been stubbornly immune to sustained increases despite key geopolitical catalysts.

Manufacturers Seek Broader FERC Pipeline Authority
Wednesday, January 22, 2020 A trade group representing US manufacturers is urging Congress to grant FERC authority to oversee the reliability of interstate gas pipeline capacity.

Are US Anti-OPEC Efforts Fading?
Wednesday, January 22, 2020 The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action".

Aramco International Listing Still on the Cards
Wednesday, January 22, 2020 Saudi Aramco is still considering listing shares abroad, the kingdom's Finance Minister Mohammed Al-Jadaan said.

Oil Chiefs at Davos Debate Tougher CO2 Cuts
Wednesday, January 22, 2020 The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.

Oil Down as Virus Concern Seen Countering Disruptions
Wednesday, January 22, 2020 Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.

2020 Off to Rocky Start for Refiners
Tuesday, January 21, 2020 Though less than a month in, the new year has been difficult for oil refiners.

Nord Stream 2 Counting on Germany for EU Gas Rule Hurdle
Tuesday, January 21, 2020 Nord Stream 2's owners are looking for an appraisal that grandfathers in earlier provisions that helped make the project economic.

McDermott to Seek Bankruptcy and Sell Lummus Unit
Tuesday, January 21, 2020 The company will file for bankruptcy after it reached an agreement with creditors to tackle debt acquired through a botched acquisition.

Energy Chiefs Tout CO2 Capture
Tuesday, January 21, 2020 Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.

US Calls for Immediate Resumption of Libya Oil Output
Tuesday, January 21, 2020 The U.S. embassy in Libya called Tuesday for an immediate resumption of oil production.

Oil Slides on Plentiful Supply
Tuesday, January 21, 2020 Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.

Libya Oil Production Plunges
Monday, January 20, 2020 Libya's eastern warlord kept virtually all of the nation's oil fields shut in a show of defiance after world leaders failed to persuade him to sign a peace deal.

Snake Oil Goes Mainstream
Monday, January 20, 2020 An obscure part of the global marine-fuel market, once viewed as having little value for most shippers, is about to have its day.

Oil Up After Unrest Hits Key OPEC Producers
Monday, January 20, 2020 Oil jumped back above $65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market's vulnerability to geopolitical risk in key production regions.

China Energy Leaders Set for Shake-Up
Friday, January 17, 2020 Top executives at China's leading energy companies are set for a power shake-up as the nation takes steps to reorganize and revamp its leadership and energy infrastructure.

Trans Mountain Oil Pipeline Wins Legal Battle
Friday, January 17, 2020 PM Justin Trudeau's bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada's top court rejected an appeal brought by British Columbia aimed at challenging the project.

Oil Heads for Weekly Drop Amid Demand Concerns
Friday, January 17, 2020 Oil is headed for a weekly drop amid persistent demand concerns.

Oil Companies Face Serious Decisions on Iraq
Friday, January 17, 2020 Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.

US Renewable Investment Hit a Record in 2019
Thursday, January 16, 2020 The U.S. renewable energy industry doesn't seem to take much notice of President Donald Trump's views on green energy and climate change as investments surged to a record last year.

IEA Says Iraq Oil Supplies Vulnerable
Thursday, January 16, 2020 Oil supplies from Iraq are 'potentially vulnerable' amid rising political risks in the country and the broader region, the International Energy Agency warned.

OGA Says Social License to Operate Under Threat
Thursday, January 16, 2020 The chairman of the UK's Oil and Gas Authority said the oil and gas industry's social license to operate is under serious threat.

US-China Phase One Trade Deal Reaction
Thursday, January 16, 2020 The API, WoodMac and Stenn Group give their reaction to the phase one trade deal.

Oil Rallies on Trade Deal
Thursday, January 16, 2020 Oil rebounded after the U.S. and China inked the first phase of their trade deal, recouping losses driven by data showing American petroleum supplies rising to a four-month high.

China to Buy $52B of Additional US Energy Products
Wednesday, January 15, 2020 China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world's two top economic superpowers.

Keystone XL Inches Forward
Wednesday, January 15, 2020 TC Energy Corp. plans to begin pre-construction work on the Keystone XL oil pipeline next month, moving the long-delayed project forward even as opponents continue to fight it in court.

Norway Offers 69 Production Licenses in APA 2019
Wednesday, January 15, 2020 The Norwegian Ministry of Petroleum and Energy has offered 69 production licenses on the Norwegian Continental Shelf as part of its latest licensing round - APA 2019.

Oil Down After Report American Stockpiles Growing
Wednesday, January 15, 2020 Oil traded near a six-week low after a report indicated American crude stockpiles increased.

Lekoil Sinks After Falling Victim to Alleged Scam
Tuesday, January 14, 2020 Lekoil sank to a record low in London trading after falling victim to an alleged scam.

Total Moves London Cash-Management Team to Paris
Tuesday, January 14, 2020 Total is relocating a key part of its finance operation from London to Paris less than a month before Britain leaves the European Union.

Top China Oil Firm Sees Demand Growth Cut in Half
Monday, January 13, 2020 The world's biggest oil import market could see demand growth in 2020 of just half of last year's levels as the trade war's ripple effects continue to be felt, according to researchers at CNPC.

Norway Arctic Oil Vision Suffers Another Blow
Monday, January 13, 2020 Norway's vision of establishing a new major oil province off its northern tip has suffered another blow.

Oil Steady on Easing Gulf Tension
Monday, January 13, 2020 Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.

Higher Gasoline Prices Can Tip Elections
Friday, January 10, 2020 Donald Trump's decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and emphasized higher gasoline prices can tip elections.

Oil Down as US-Iran War Fears Recede
Friday, January 10, 2020 Oil headed for its first weekly loss since November as fears over a U.S.-Iranian war receded, easing concern of a potential supply disruption in the Middle East.

Shell Seeks Bigger Share of Mexico's Fuel Market
Thursday, January 09, 2020 Royal Dutch Shell Plc is seeking a bigger share of Mexico's fuel market, even as regulatory changes make it harder for foreign companies to compete.

Offshore Senegal Project Advances
Thursday, January 09, 2020 The 23-well Sangomar Field Development offshore Senegal just moved one step closer to getting underway.

The US Still Needs Some Middle East Oil
Thursday, January 09, 2020 President Donald Trump said during an address from the White House Wednesday that the U.S. no longer needs oil from the Middle East, but American refineries still use the kind of oil that region produces.

Prized Crude Offered Near $100 on New Ship Rules
Thursday, January 09, 2020 Just shy of $100 a barrel - that's the asking price for a type of crude that's become prized thanks to the scramble for cleaner-burning fuels.

Oil at Pre-Attack Levels Amid Supply Risk Appraisal
Thursday, January 09, 2020 Oil steadied as investors weighed the risk of further escalation in the conflict between the U.S. and Iran that has so far spared production and exports from the Middle East.

Trump Backs Away From Conflict With Iran
Wednesday, January 08, 2020 U.S. President Donald Trump backed away from the precipice of war with Iran after the Islamic Republic attacked U.S. bases in Iraq.

Russia Opens Gas Link to Europe Amid US Opposition
Wednesday, January 08, 2020 Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.

Oil Shippers Raise Offers for Middle East Route
Wednesday, January 08, 2020 Owners of oil tankers are boosting their rates to haul crude on a key route from the Middle East as risks in the Gulf escalate.

OGA Makes 3 New Leadership Appointments
Wednesday, January 08, 2020 The UK's Oil and Gas Authority has made a trio of new leadership appointments.

Oil Hits $70+ After Iran Attacks US-Iraqi Bases
Wednesday, January 08, 2020 Oil prices jumped back above $70 a barrel after Iran attacked two U.S.-Iraqi bases in its first response to the killing of its top general.

Hormuz Oil Flow Disruption Efforts Very Likely
Wednesday, January 08, 2020 Continued efforts to disrupt the flow of oil through the Strait of Hormuz are very likely, according to Verisk Maplecroft.

Chevron Pulls Workers Out of KRI
Tuesday, January 07, 2020 Chevron's expatriate employees and contractors have left the Kurdistan Region of Iraq for the time being as a precautionary measure.

Mexico Plan to Divert Gas Pipeline Reignites Concerns
Tuesday, January 07, 2020 Mexico's move to divert a TC Energy Corp. gas pipeline from indigenous lands is reigniting concerns over the future of energy projects in the country.