Tag Archives: government

OPEC Extends Output Cut

VIENNA (AP) — An alliance of many of the world’s biggest oil-producing nations extended their agreement to cut output for an additional nine months — an effort to support prices that will prove difficult in the face of growing production from the U.S. Thursday’s decision by the OPEC cartel — now at 14 members with the entry of Equatorial Guinea — and 10 other countries led by Russia, means that the reductions of 1.8 million barrels a day agreed on in November will stay in place until March. Saudi Oil Minister Khalid A. Al-Falih, who […]

Senate Bills Seek Tougher Great Lakes Pipeline Standards

DETROIT (AP) — Legislation proposed in the U.S. Senate would toughen liability standards for oil pipelines crossing the Great Lakes. The measure is part of a package introduced Wednesday by Sens. Gary Peters and Debbie Stabenow of Michigan. They say the bills are intended to boost safety of pipelines in and near the lakes. That includes Line 5 operated by Enbridge and running beneath the Straits of Mackinac. Pipelines that cross portions of the lakes are classified as “onshore,” so they’re held to less stringent liability standards than offshore lines. The bill would change that, […]

Public Comment Period and Hearings Set in Pennsylvania for Pipeline Project

The Pennsylvania Department of Environmental Protection today announced it will open a comment period on May 27, 2017 and hold four public hearings for feedback on the earth disturbance (Chp. 102) and waterway and wetland encroachment (Chp.105) permit applications submitted by Williams  Companies for the proposed Atlantic Sunrise Pipeline Project. The proposed pipeline would run through northeast and central Pennsylvania and would connect natural gas-producing regions in northeastern Pennsylvania to markets in the Mid-Atlantic and southeastern states. The pipeline project is proposed to run through Clinton, Columbia, Lancaster, Lebanon, Luzerne, Lycoming, Northumberland, Schuylkill, Susquehanna and […]

PSE&G CEO Calls for Regulatory Reforms

Ralph Izzo, president, chairman and chief executive officer of Public Service Enterprise Group, today called for a set of regulatory reforms in New Jersey that would create financial incentives for utilities to help their customers reduce at-home energy use, as well as expand access to renewable energy and new energy-saving technologies. Izzo delivered his remarks at a state energy forum sponsored by the Chamber of Commerce Southern New Jersey. “Customers’ demands are changing,” Izzo said. “They want more reliability, they want more resilient power, they want cleaner energy and they want access to smart technology […]

Iraq Could Make Or Break The OPEC Deal

The markets are betting that the OPEC extension is all but guaranteed after Saudi Arabia and Russia announced their intention to support a nine-month extension. Saudi energy minister Khalid al-Falih tried to put to rest any possibility of dissention.  “We think we have everybody on board,” al-Falih said on Bloomberg TV. “Everybody I’ve talked to indicated that nine months was a wise decision.” Rumors have surfaced that OPEC might even be considering deeper cuts, perhaps on the order of 2.5 million barrels per day (mb/d), which is twice as much as the current reductions. Because […]

Nebraska Commission Sets O’Neill Hearing for Pipeline Review

O’NEILL, Neb. (AP) — A state commission that will decide whether to approve the Keystone XL oil pipeline’s route through Nebraska has scheduled a one-day public hearing in northern Nebraska’s Holt County. The Nebraska Public Service Commission says the hearing will run from 1 to 8 p.m. June 7 at the O’Neill Community Center in O’Neill. Public comment will be accepted on a first-come, first-served basis. Speakers will have three to five minutes to comment about the TransCanada project. A hearing was held May 3 in York and a five-day hearing is scheduled to run […]

Oklahoma Budget Crisis Spurs Battle Among Oilmen

OKLAHOMA CITY (AP) — An impasse among Oklahoma lawmakers over how to fix the state’s worst budget problem in decades has sent the legislature spiraling into chaos and focused blame on the usually sacrosanct oil and natural gas industry for not paying more taxes. The industry has historically been the key driver of the state’s economy, providing tens of thousands of jobs and accounting for about 13 percent of Oklahoma’s household earnings. But a sharp cut approved two years ago in oil and gas production taxes, which has led to severe budget problems for schools and social […]

Trump To Sell Half The Strategic Petroleum Reserve

In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise some US$500 million during the fiscal year and US$16.6 billion over the next ten years, according to Bloomberg. Among the other measures aimed at increasing budget revenues from the oil and gas industry is stopping oil royalty payments for the Gulf of Mexico states, opening up the Alaska national Wildlife Refuge for drillers, and selling power transmission lines in the West. As Bloomberg notes, most of these are likely to face opposition […]

Few Pipeline Inspections Reported After Fatal Colorado Gas Blast

DENVER (AP) — Colorado regulators say few energy companies have reported the results of state-ordered inspections of oil and gas pipelines after a natural gas explosion killed two people. Colorado Oil and Gas Conservation Commission Director Matt Lepore warned Tuesday the state could order operators to shut down wells connected to pipelines that haven’t been checked by the deadline. The commission ordered inspections and tests of pipelines within 1,000 feet (300 meters) of buildings after the April 17 explosion in the town of Firestone. Investigators blamed the explosion on odorless, unrefined gas from a small […]

Texas Gov. Reauthorizes Oil and Gas Regulator for Another 12 Years

Texas Gov. Greg Abbott has signed House Bill 1818, which reauthorizes the Railroad Commission of Texas, the state’s oil and gas regulator, to operate for another 12 years. A committee of lawmakers, known as the Sunset Commission, oversees reviewing the agency. In 2016, the Railroad Commission had its third Sunset review since 2010, after numerous attempts to alter the agency failed to get through the Texas Legislature. House Bill 1818 excludes nearly all of the Commission’s recommendations for the commission, including: Changing the commission’s name Transferring regulation of gas utilities to the Public Utility Commission Improving monitoring of company violations […]

Louisiana Utility Regulator to Head Offshore Drilling Agency

BATON ROUGE, La. (AP) — A Louisiana state utility regulator has been tapped to lead an energy oversight agency for President Donald Trump’s administration. Scott Angelle, a member of Louisiana’s Public Service Commission, has been named director of the U.S. Interior Department’s Bureau of Safety and Environmental Enforcement. The agency, which regulates offshore oil and gas drilling, says Angelle will start his new job Tuesday. Angelle, a Republican, worked for eight years as Louisiana’s natural resources secretary. He has been a public official in the state for nearly 30 years, starting first in St. Martin […]

Uganda, Tanzania Reach Pipeline Construction Agreement

Uganda and Tanzania have signed an agreement to proceed with construction of the East African Crude Oil Pipeline, a $3.55 billion, 897-mile pipeline that will transport crude oil between the two countries. “This project will benefit Uganda and Tanzania,” Ugandan President Yoweri Museveni said. It is a realization of the economic and social development of the country. It is one of the strategic ways for the integration of the East African Community and will strengthen our relationship.” Tanzanian President John Magufuli says construction of the pipeline will help both countries capitalize on increasing oil production. “This is a very big project,” […]

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