After almost two years of negotiation, diplomats are closer than ever to sealing an accord that would return energy-rich Iran to world markets while giving regional rivals guarantees that the Islamic Republic’s nuclear work can’t be used to make weapons.
With oil companies boring wells and building offshore facilities in ever-deeper waters, federal regulators on Friday moved to update decades-old requirements to ensure they have enough money to dismantle the equipment once crude stops flowing.
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.
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