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Trump proposes slashing Gulf royalty payments to Texas, other states

President Donald Trump wants the federal government to stop sharing oil and gas royalties from the Gulf of Mexico with Texas and other states along the Gulf Coast. In his budget proposal for 2018, the White House proposes eliminating a decade old program that was set to deliver up to $275 million to ...

OPEC revenues fall to lowest level in a decade

Revenues at the Organization of the Petroleum Exporting Countries fell to $433 billion in 2016, their lowest level since 2004, according to a report Friday by the U.S. Energy Information Administration. That represented a 15 percent from the previous year’s net revenues, the result of sustaine ...

Drilling applications backing up at Bureau of Land Management

President Donald Trump’s pledge to open oil and gas drilling on federal lands has hit a bureaucratic log jam. More than 3,000 applications for drilling permits are  awaiting review at the Bureau of Land Management, according to a report by E&E News, a trade publication. Acting Directo ...

Trump administration withdraws Jones Act review

The Trump administration has withdrawn a controversial proposal that would have forced offshore oil and gas companies to give more work to American ships and crews when drilling in U.S. waters. Announced in the final days of the Obama administration, the proposal would have done away with decades of ...

Senate vote leaves Obama methane rule intact

WASHINGTON – Senate Republicans were dealt a blow Wednesday in their bid to overturn a controversial Obama-era regulation limiting the amount of methane that can be vented and flared from oil and gas drilling sites on federal lands. Using the Congressional Review Act, which gives Congress the power ...

Feds say new Permian pipelines “should accommodate” rising production

New pipelines in the Permian Basin should have enough capacity to “accommodate” rising oil production in the Permian Basin, the U.S. Energy Information Administration said in a report Tuesday. A lack of infrastructure between West Texas and refineries along the Gulf Coast., had at one po ...

Golden Pass LNG cleared to export

The Golden Pass LNG terminal on the Texas Gulf Coast was cleared by the Department of Energy Tuesday to begin exporting up to 2.21 billion cubic feet of gas per day. Located outside Sabine Pass, the Golden Pass terminal was built to import LNG from abroad in 2009. But following the boom in domestic ...

Are the days of power deregulation numbered?

WASHINGTON – Did she say that right?  Cheryl LaFleur, the acting chair of the Federal Energy Regulatory Commission, last week raised a possibility that would have seemed impossible two decades ago in the midst of the deregulation craze “Door number three,” LaFleur told lawyers gathered at a luncheon ...

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