Category: Politics/Policy

Feds’ new LNG export plan benefits Cheniere

The Energy Department on Thursday upended the way it vets proposals to export liquefied natural gas, formally implementing a new approach that gives an advantage to projects that have already completed an expensive environmental review. The biggest winner under the new approach is Houston-based Cheniere Energy.  More »

Pemex has mixed success in first phase of energy overhaul

Mexico’s state-owned Pemex will retain rights to more than 80 percent of the country’s proven and probable oil reserves, but most areas of possible reserves will be open to private exploration.  More »

State regulator unveils proposed rules on disposal wells

Facing mounting concerns about ties between earthquakes and oil and gas activity, Texas regulators are proposing new rules for wastewater storage wells.  More »

Feds urged to put Atlantic waters on auction block

Oil development in Atlantic waters from Africa to Canada should encourage the Obama administration to sell drilling leases in waters hugging the East Coast, a leading industry trade group said Wednesday.  More »

Schlumberger: Russian sanctions could affect profits

Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit.  More »

Most majors keep investments in lower risk countries, report says

Major oil and gas companies have continued to base the majority of production in low-risk countries, with a handful of exceptions, according to a new analysis.  More »

Mexico enacts gas, oil opening

Mexican President Enrique Pena Nieto has signed into law the rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.  More »

Study: Keystone carbon pollution more than figured

The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes.  More »

Russia starts drilling its northernmost oil well

The Russian-American project comes despite deteriorating relations between Washington and Moscow over the crisis in Ukraine, in which each side has hit the other with sanctions.  More »

Exxon drilling Russian Arctic shows oil sanctions lack bite

After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.  More »

Mexico’s new energy rules could bring profits and problems

Private oil companies will look carefully before they leap into Mexico’s new energy environment.  More »

Colorado methane compromise could be model for other states

Oil companies and environmentalists can find common ground, Noble Energy Inc. CEO Chuck Davidson said Tuesday, pointing to first-of-their-kind regulations in Colorado aimed at corralling methane emissions from drilling.  More »

Grouse measures defer drilling in much of Wyoming

The total area of federal oil and gas leases deferred in Wyoming to protect the greater sage grouse — ahead of next year’s expected decision on whether the bird is a threatened or endangered species — substantially exceeds the combined size of Yellowstone and Grand Teton national parks, U.S. Bureau of Land Management figures show.  More »

Colorado compromise aims to head off fracking showdown at ballot box

WASHINGTON — A last-minute deal in Colorado is aimed at averting a ballot showdown in November over the future of hydraulic fracturing and drilling regulations in the state that threatened to strand oil industry investments and divided Democrats.  More »

Former UN head: Show Africa where the money is

The United States should take a leadership role in forcing companies to disclose what they pay other countries in exchange for oil, gas and other natural resources, former United Nations Secretary-General Kofi Annan says.  More »