Govt & Regulatory News


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OPEC's Decade of Turmoil Leaves Cartel Seeking a New Way Forward
Thursday, September 20, 2018 OPEC's 60-year history has rarely confronted a more challenging period than the past decade.

New US LNG Projects May Feel Pinch from Latest Salvos in US-China Trade War
Wednesday, September 19, 2018 What could the most recent chapter in the ongoing US-China trade dispute mean for the growing US LNG export market?

OPEC Warns of Threats to Oil Supply from Iran and Other Producers
Tuesday, September 18, 2018 The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, according to the group's top official.

US Gas Exports Hit by China Tariffs as Trade War Escalate
Tuesday, September 18, 2018 China plans to slap tariffs on US natural gas exports as trade tensions escalate, a likely setback for the burgeoning energy relationship.

Trump Relaxes Obama Curbs on Flaring Gas From Wells on US Land
Tuesday, September 18, 2018 The Trump administration finalized a rollback of Obama-era limits on methane that is leaked, vented or flared from oil and gas wells on federal lands.

OPEC Sees Need to Keep Oil Supply Deal as Demand Faces Headwinds
Monday, September 17, 2018 OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces 'headwinds,' the head of the organization said.

Iran Says Oil Market Is Too Tight For US Zero Exports Target
Friday, September 14, 2018 The US will find it difficult to cut Iran's oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, official says.

Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Friday, September 14, 2018 Venezuela gave China another stake in the OPEC member's oil industry and signed several other deals in the energy sector.

Saudis Hire Ex-Solicitor General Olson to Lobby Against NOPEC
Thursday, September 13, 2018 Saudi Arabia is taking no chances with the longshot NOPEC bill, hiring former Solicitor General Ted Olson as a lobbyist to campaign against the act.

IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
Thursday, September 13, 2018 The IEA warns that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela.

US Warns Russia It May Sanction New Gas Pipeline to Germany
Thursday, September 13, 2018 US warns Russia that it may follow through on sanction threats over the construction of a major natural gas pipeline to Germany.

Iran Endures Longest Gap in China Oil Buying in at Least 3 Years
Thursday, September 13, 2018 Iran just endured the longest gap without sending oil to its biggest customer in at least three years.

Norway Poised to Tussle with Global Giants in German Gas Market
Wednesday, September 12, 2018 After supplying Europe's biggest economy with natural gas for more than 4 decades, Norway is preparing to defend its share as the world's biggest producers all vie for a larger slice of the $21 billion market.

Oil and Gas Sales Value in Scotland Rises Almost 20 Percent
Wednesday, September 12, 2018 The approximate sales value of oil and gas produced in Scotland in the 2017-18 financial year is estimated to be $26 billion (GBP 20 billion), according to a new report released Wednesday.

EIA: US Crude Stockpiles Fall More Than Expected To Below 400 Million Bbls
Wednesday, September 12, 2018 US crude oil inventories fell more than expected last week while gasoline and distillate inventories rose as refiners ramped up production.

EIA: US Likely Became Biggest Oil Producer Earlier This Year
Wednesday, September 12, 2018 US likely overtook Russia and Saudi Arabia in terms of oil output to become the world's biggest producer earlier this year.

Neptune Field in Russia Sees 1.6-Fold Reserves Increase
Tuesday, September 11, 2018 Russia's Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft's Neptune field at 415.8 million tons of oil, the company announces Tuesday.

Shippers Fear Engine Failures as Industry is Forced to Upgrade its Fuel
Tuesday, September 11, 2018 Add oil tankers breaking down at sea to the list of things shipping companies are worrying about as they brace for a once-in-a-generation overhaul to the kind of fuel the industry must consume.

Free Cash Flow on UKCS Could Be Over $12.9B in 2018
Tuesday, September 11, 2018 Free cash flow on the UK Continental Shelf could be more than $12.9 billion (GBP 10 billion) this year, for the first time since 2010.

EIA Cuts Forecast For 2019 US Crude Production Growth
Tuesday, September 11, 2018 US crude oil production in 2019 is expected to grow at a slower rate than previously forecast.

Iran Resorts to Floating Storage as Curbs Continue
Tuesday, September 11, 2018 Iran is starting to store oil on its fleet of supertankers again as impending US sanctions force the Persian Gulf country to revive a strategy it deployed under previous curbs.

Trump Admin Proposes Relaxing Obama-Era Methane Mandates
Tuesday, September 11, 2018 The Trump administration proposes relaxing Obama-era mandates meant to block rogue methane leaks from oil and gas wells, part of a broader assault.

Mexico's AMLO Allocates $3.9B for New Oil Investment
Monday, September 10, 2018 Mexico's next president Andres Manuel Lopez Obrador will allocate $3.9 billion in the budget next year to oil extraction in a bid to resuscitate flagging output.

South Korea Grants US Wish for Zero Oil Imports From Iran
Monday, September 10, 2018 South Korea has become the first of Iran's top 3 oil customers to fulfill a hard-line US demand that buyers cut imports to zero.

PetroChina and Qatargas Sign 22-Year LNG Supply Deal
Monday, September 10, 2018 PetroChina Co. signs a deal with Qatargas Operating Co. to purchase 3.4 million tons of liquefied natural gas annually.

In Response to Trump, Saudis Increase Oil Exports to US
Friday, September 07, 2018 Saudi Arabia has markedly increased oil exports to America.

Serica Agrees with BP to Extend Completion Timetable for BKR Transaction
Friday, September 07, 2018 Serica Energy agrees with BP to extend the completion timetable for the BKR transaction to early November.

US Jobs Report: Mining Adds 6,000 Jobs in August
Friday, September 07, 2018 Employment in mining took a positive turn for the month of August, the BLS reports.

Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018 The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.

Mexico Pesident-Elect Plans Oil Drilling Tenders, No New Mining Taxes
Thursday, September 06, 2018 Mexican President-elect Andres Manuel Lopez Obrador says his government will launch tenders for drilling oil wells from early December.

US To Help Nations Replace Iran Oil, May Consider Waivers
Thursday, September 06, 2018 Washington will consider waivers for Iranian oil buyers but they must eventually halt imports as sanctions are imposed on Tehran, Pompeo says.

Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.

EIA: US Crude Oil Stockpiles Decline More Than Expected Last Week
Thursday, September 06, 2018 US crude stockpiles fell more than expected last week, while gasoline and distillate inventories rose, EIA says.

ExxonMobil Says Blockade Threatens Production At Nigeria Oil Facilities
Tuesday, September 04, 2018 ExxonMobil says that a blockade by former employees threatens crude production at oil facilities in Nigeria.

Nord Stream 2 Pipeline On Track Despite Sanction Risk, Operator Says
Friday, August 31, 2018 The Nord Stream 2 pipeline to transport Russian gas to Germany is progressing on schedule, its operator says.

Reuters Survey: OPEC August Oil Output Hits 2018 High Despite Iran Losses
Friday, August 31, 2018 OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found.

EIA: US Crude Production Rises To Record As Drilling Climbs In Texas
Friday, August 31, 2018 US crude oil production rose 2 percent to a record 10.674 million bpd in June, the US Energy Information Administration says.

Mexican Oil Auctions On Hold Until Review, Lopez Obrador Says
Friday, August 31, 2018 Mexican oil auctions are suspended until contracts already awarded over the past few years have been reviewed.

Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.

Court Quashes Canadian Approval Of Trans Mountain Oil Pipeline
Thursday, August 30, 2018 A Canadian court has overturned approval of the Trans Mountain oil pipeline expansion, leaving the future of the project in jeopardy.

Petrochina Trying To Cut Impact Of Petchem Import Duties Amid Trade War
Thursday, August 30, 2018 Petrochina is trying to reduce the impact of import tariffs on US petrochemicals imposed by Beijing earlier this month.

Trinidad Oil Union To Call General Strike If Refinery Shuts Down
Thursday, August 30, 2018 OWTU threatens a general strike if the island's government does not rescind a decision to shut down the country's lone oil refinery.

EIA: US Crude Stockpiles Drop More Than Expected In Week
Wednesday, August 29, 2018 US crude stocks fell more than forecast last week, the Energy Information Administration says.

OPEC To Discuss Compensating For Iranian Supply Drop After US Sanctions
Wednesday, August 29, 2018 OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after US sanctions against Tehran start in November.

Indonesia Confirms Pertamina CEO As State Firm Pressed To Curb Imports
Wednesday, August 29, 2018 Indonesia's government confirms Nicke Widyawati as the permanent chief executive of Pertamina.

Data: Iran Oil Exports Set To Drop In August Ahead Of US Sanctions
Tuesday, August 28, 2018 Iran's crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017.

Argentina Re-Ignites Labor Deal To Spur Investment In Vaca Muerta
Tuesday, August 28, 2018 Argentina relaunched a one-year-old agreement between the government, companies and workers to drive competition and spur development in Vaca Muerta.

Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.

Merkel: Baltic Pipeline Won't Make Us Energy-Dependent On Russia
Friday, August 24, 2018 A planned sub-sea pipeline that will bring gas directly from Russia under the Baltic Sea will not make Germany dependent on Russia for energy, Merkel says.

Top Canadian Court Quashes City's Challenge Of Trans Mountain Pipeline
Thursday, August 23, 2018 Canada's Supreme Court dismisses an application by the City of Burnaby, British Columbia.