Tag: api

Obama moves forward on new oil and gas rules for public lands

The Bureau of Land Management’s announcement that it would be proposing changes — and inviting public comment on the scope of them — marks the first major effort in decades to update onshore royalty rates that are among the lowest in the world.  More »

Feds unveil plan for keeping offshore oil wells in check five years after Gulf spill

The measure codifies many of the steps that companies have already taken to better keep offshore wells in check, including more rigorous maintenance and testing of the blowout preventers that act as a last line of defense against uncontrolled surges of oil and gas.  More »

EPA to set overdue biofuel quotas in deal with oil industry groups

The EPA will finalize biofuel quotas for 2014, 2015 and 2016 later this year, in an agreement settling an oil industry lawsuit.  More »

Five years after Gulf disaster, feds ready new well control and blowout preventer mandates

The Obama administration is poised to lay out new requirements for controlling offshore wells, nearly five years after the Gulf of Mexico oil spill vividly illustrated the damage that can be unleashed when they are not kept in check.  More »

Oil industry to Obama: Stop excluding Atlantic drilling leases

Oil industry leaders on Monday pressed the Obama administration to reverse course and schedule two auctions of drilling rights in the Atlantic, not just the single sale now penciled in for 2021.  More »

New federal mandates target hydraulic fracturing

Although the rule only applies to development on public and tribal lands — where there are more than 100,000 oil and gas wells today — environmentalists have argued that tough federal protections could provide inspiration for state regulators.  More »

Feds collect millions in Gulf oil drilling sale, despite falling prices

Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.  More »

After oil spills, feds order valve replacements on 6,000 tank cars

The Federal Railroad Administration on Friday ordered the owners of an estimated 6,000 tank cars to replace unapproved valves that have caused oil to leak from trains heaving crude.  More »

Advanced biofuel group breaks with traditional allies on federal mandates

The makers of advanced biofuels created with algae, animal fat and non-edible plant materials on Wednesday broke with traditional corn-based ethanol producers to call for sweeping changes to the nation’s biofuels mandates.  More »

Senator wants tougher rules for volatile oil moved by rail

Sen. Charles Schumer wants federal regulators to require crude to be stripped of volatile compounds before it is loaded into rail cars criss-crossing the country.  More »

Feds propose Arctic drilling mandates

The Interior Department’s proposal would for the first time impose specific mandates on offshore drilling in isolated U.S. Arctic waters — updating rules that were built decades ago for the much more temperate Gulf of Mexico.  More »

Crude stores rise again

Commercial stores of crude oil grew by 7.7 million barrels to 425.6 million barrels, the highest level recorded in EIA data stretching back to 1982  More »

West Virginia train derailment puts focus on rail safety

The fiery derailment near Mount Carbon, W.V., shines a spotlight on steps that could make it safer to transport crude by rail, including automated braking systems and better track maintenance.  More »

U.S. should lift export ban despite possible impact on crude prices, API chief says

It’s not clear whether proposed changes to 40-year-old oil export ban will make much progress this year, whether by the Obama Administration or the Republican-controlled Congress.  More »

Broad coalition takes aim at renewable fuel mandate

The measure sponsored by Rep. Bob Goodlatte, R-Va., would preserve requirements for advanced cellulosic ethanol made from wood, grasses and other inedible plant material.  More »
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