Category: Politics/Policy

Lawmakers mull shaking up LNG export reviews

Key senators are pressuring the Energy Department to abandon its 2012 plan for processing applications to broadly export natural gas, insisting that the two-year-old approach does not do enough to prioritize projects that have secured financing, signed up customers and are close to winning other needed permits.  More »

Sanctions likely to sting big Russian oil projects

International sanctions against Russian officials could endanger the country’s multibillion-dollar pipeline, liquefied natural gas and offshore projects as the cost of borrowing money surges, according to a report released this week.  More »

Petrobras spending on Pasadena refinery snares Brazil finance minister in scandal

Brazil’s top finance official is being roped into a growing scandal over Petroleo Brasileiro SA’s $1.19 billion purchase of a Texas plant, the latest in a string of troubles plaguing the company’s money-losing refining unit.  More »

European leaders plead for more natural gas exports

Natural gas export boosters have seized on the Ukraine crisis to leverage plans to accelerate U.S. government approvals to sell more of the fossil fuel overseas. But now that the Senate is tackling a $1 billion Ukraine aid package, the zeal to act immediately may be cooling.  More »

New York calls for federal spill response plans amid rail accidents

New York officials asked the Environmental Protection Agency on Monday to update a contingency plan for dealing with oil spills amid the rapid expansion of rail shipments of crude oil from North Dakota across New York to coastal refineries.  More »

Natural gas exports get scrutiny on Capitol Hill

The spotlight is trained on natural gas exports Tuesday as three congressional committees and the full Senate debate whether to send send more of the fossil fuel overseas.  More »

Kremlin partnership places BP at risk in Russia crisis

No business has as much at stake as BP Plc, as the crisis in the West’s relations with Russia escalates.  More »

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 »