Regulatory
News
November 03, 2022
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced five successful bids of $238 million for offshore parcels in the Eastern Newfoundland Region by Canadian units of BP, ExxonMobil and Equinor. No bids were received for the South Eastern Newfoundland Region
News
November 02, 2022
President Joe Biden’s threat to slap a tax on oil-company profits is more bluster than threat as the clock runs out on the administration’s efforts to tame fuel prices ahead of midterm elections.
News
November 01, 2022
A new analysis of the American Petroleum Institute's (API) "10 in 2022" policy plan found that it could spur nearly $200 billion in direct investment, 225,000 jobs and production growth in natural gas, oil, carbon capture and hydrogen.
News
October 31, 2022
President Joe Biden said he'll seek to impose higher taxes on oil companies that record “windfall” profits without reinvesting in production – a move criticized by API as campaign rhetoric ahead of next week's midterm elections.
News
October 28, 2022
The North Sea Transition Authority (NSTA) is warning industry that it will not hesitate to take action against companies that fail to meet their license obligations.
News
October 27, 2022
House Republicans are launching an investigation into what they say could be the “potential misuse” by the Biden administration of the nation’s emergency oil reserves to lower gasoline prices, as well as White House deliberations over a fuel-export ban.
News
October 26, 2022
UK Prime Minister Rishi Sunak will restore a ban on shale gas fracing, rowing back a controversial short-lived plan by his predecessor Liz Truss on his first full day in the top job.
News
October 25, 2022
Riyadh and Washington will work through the recent tensions in their relationship and remain allies, a senior Saudi official and JPMorgan Chase & Co.’s chief executive said at the Future Investment Initiative conference.
News
October 19, 2022
Prime Minister Liz Truss’s government issued a stark warning to Conservative MPs not to back an opposition motion on fracing, as party managers struggle to control mutinous lawmakers.
News
October 05, 2022
The American Petroleum Institute President and CEO Mike Sommers and American Fuel and Petrochemical Manufacturers President and CEO Chet Thompson sent a letter to U.S. Secretary of Energy Jennifer Granholm raising significant concerns that the administration could pursue a ban or limits on refined petroleum products.
News
October 05, 2022
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020, but will have a smaller impact on global supply than the headline number suggests. Several member countries are already pumping well below their quotas.
News
October 03, 2022
OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets in person on Wednesday for the first time in more than two years.
News
September 20, 2022
A bipartisan pair of senators is pressing the Biden administration to use secondary sanctions to enforce a cap on the price of Russian oil.
News
September 15, 2022
Federal investigators raided a deep-water oil explorer’s Louisiana office last week as part of a probe into an offshore spill, a rare escalation for a U.S. environmental case.
News
September 14, 2022
Democratic Senator Joe Manchin is enlisting the help of energy-industry executives to marshal Republican support for his plan to speed up the process of getting federal approvals for energy projects, according to people familiar with the matter.
News
September 14, 2022
National Ocean Industries Association President Erik Milito issued a statement after the Bureau of Ocean Energy Management announced the reinstatement of Gulf of Mexico Lease Sale 257, saying it is essential to keep energy flowing from the Gulf of Mexico.
News
September 14, 2022
The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal court.
News
September 13, 2022
National Ocean Industries Association (NOIA) President Erik Milito said NOIA will review and work with industry and regulators to ensure that the proposed regulatory changes increase safety and decrease risk after the Department of the Interior announced proposed changes to the Well Control Rule.
News
September 13, 2022
Secretary of State Antony Blinken said it was ‘unlikely’ the U.S. and Iran would reach a new nuclear deal anytime soon, adding to Western officials’ downbeat assessment over the prospects for reviving an accord that President Donald Trump abandoned in 2018.
News
September 12, 2022
The Biden administration on Monday moved to stiffen offshore oil drilling safety measures that were imposed in the wake of the Deepwater Horizon disaster but later eased under former President Donald Trump.
News
September 12, 2022
The International Atomic Energy Agency’s probe into Iran’s past nuclear activities has taken center stage in talks to resuscitate the 2015 deal, where success could unleash a surge in Iranian oil exports.
