Category: Politics/Policy

Obama administration grants approval for more US natural gas exports

The Energy Department on Monday authorized exports from a sixth LNG export project, as pressure builds on the Obama administration to speed up approvals of plans to sell U.S. natural gas overseas.  More »

Congressman: Port expansion needed for oil barges

The Houston Ship Channel needs more federal dollars to keep up with a surge in barges carrying oil harvested in Texas and fuel processed in Gulf Coast refineries, Rep. Gene Green said Monday.  More »

Houston oil company endorses Nevada’s proposed fracking rules

A Houston-based oil company has endorsed the state’s proposed rules governing hydraulic fracturing, better known as fracking. But some residents viewed the company’s endorsement as reason to wonder if the minerals division’s proposed regulations are too lax.  More »

Natural gas export proponents push the Ukraine card

Natural gas export supporters are calling on Congress to help speed up the approval of new export terminals, arguing that the export capacity could send a powerful message to Putin about the U.S. stepping up as Europe’s new energy buddy.  More »

Oil industry and biofuel boosters scrap over mandates (video)

The fight over the nation’s renewable fuels policy is heating up again, as federal regulators mull where to set final biofuel quotas for 2014, and organizations on both sides of the issue pressure Congress to take up the topic.  More »

Offshore drilling regulator moves up at Interior

Tommy Beaudreau, the Obama administration official who oversees offshore oil leasing and helped shake up federal agencies after the Deepwater Horizon disaster, is now joining Interior Secretary Sally Jewell’s inner circle.  More »

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »

Fewer firms submit bids in offshore Gulf auction

Forty-two oil and gas companies will make plays for new Gulf of Mexico territory on Wednesday, in a closely watched, high-stakes auction of U.S. drilling rights that is viewed as a test of the industry’s appetite for offshore projects despite a drilling boom that is unfolding mostly on land.  More »

Environmentalists challenge Obama on natural gas exports

More than a dozen environmental groups on Tuesday called on President Barack Obama to reject his previous support for natural gas and the drilling practices yielding the fossil fuel. The organizations also insisted that the administration’s handling of a proposed natural gas export facility on the Maryland coast is a test of the White House’s commitment to combating climate change.  More »

Russian gas exec defiant in face of sanctions

The chief executive of Russian oil giant Rosneft and a close ally of President Vladimir Putin has spoken defiantly of possible sanctions by Western powers against him, threatening to move business elsewhere.  More »

US energy boom demands $641B in infrastructure, study finds

Companies will need to invest $641 billion over the next two decades in pipelines, pumps and other infrastructure to keep up with the gas, crude oil and natural gas liquids flowing from U.S. fields, according to a study released Tuesday.  More »

Tackling gas corruption means potatoes for Ukraine’s poor

The new Ukrainian government soon will need its poor to pay even more for power and gas as it wrestles with protracted economic and political crisis.  More »

Independent refiners form ‘CRUDE’ group to fight export efforts

The group’s founding members are all independent refiners: Dallas-based Alon USA Energy Inc.; Parsipanny, N.J.,-based PBF Energy, Delta Air Lines subsidiary Monroe Energy, based in Trainer, Pa.; and Philadelphia Energy Services.  More »

Norway’s oil stimulus nears tipping point as growth fades

A near half-decade boom in oil investments in Norway is about to come to an end, sapping momentum in the economy of western Europe’s largest crude producer, the country’s main economic forecaster said.  More »

Feds lift ban blocking BP from new offshore drilling contracts

BP inked a deal with the Obama administration on Thursday ending its 16-month suspension from new contracts to supply the Pentagon with fuel and drill in U.S. waters.  More »