Regulatory
News
July 03, 2025
National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Thursday as the One Big Beautiful Bill Act (OBBBA) heads to U.S. President Trump’s desk for signature. "With President Trump’s signature, OBBBA will restore certainty to the offshore oil and gas leasing process," Milito said.
News
July 02, 2025
Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural gas at a protected marine site in the North Sea in a controversial step to bolster energy security following the Russia-Ukraine war and subsequent energy crisis.
News
July 01, 2025
The U.S. Senate on Tuesday voted to narrowly approve President Trump's $3.3 trillion tax and spending package dubbed the 'One Big Beautiful Bill.' U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate's decision as a victory for the U.S. oil and gas industry.
News
June 30, 2025
Argentina must give up its controlling stake in signature energy company YPF SA within two weeks after a New York judge sided with litigators in a $16 billion judgment, delivering a setback to President Javier Milei before crucial midterm elections.
News
June 26, 2025
Ashtead Technology and Ocean Science Consulting have formed a strategic alliance to offer integrated environmental monitoring and compliance services for offshore wind and oil-and-gas projects. The partnership combines Ashtead’s subsea technology fleet with OSC’s noise-monitoring and regulatory-reporting expertise.
News
June 25, 2025
Texas Railroad Commissioner Wayne Christian announced the launch of the Delivering Oil and Gas Efficiently (DOGE) Task Force today, a new internal initiative focused on improving processes, enhancing communication, and strengthening the Railroad Commission of Texas as a responsive, pro-business agency.
News
June 18, 2025
During its June 2025 Commissioners' Conference, the Railroad Commission of Texas (RRC) assessed over $1.4 million in penalties on oil and gas operators for violations. The RRC is the state agency responsible for regulating the oil and gas industry in Texas, including pipeline safety.
News
June 18, 2025
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it.
News
June 17, 2025
At an open meeting on Tuesday of the Railroad Commission of Texas, Commissioner Jim Wright was unanimously elected to serve as Chairman. “It is a high honor to serve the citizens of Texas as Railroad Commissioner," commented Wright.
News
June 17, 2025
Petrobras, Exxon Mobil Corp. and Chevron Corp. have won exploration rights in Brazil’s Equatorial Margin, betting that the nation’s environmental regulator will finally open the promising offshore oil region for drilling after years of delay.
News
June 13, 2025
Leaders from both the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) jointly issued statements on Friday as U.S. President Trump signed into law a series of bills overturning California's electric vehicle mandates.
News
June 12, 2025
The U.S. Environmental Protection Agency (EPA) has announced a proposal to reverse rules dictating CO2 emissions for fossil fuel-based power plants. Texas Railroad Commissioner Wayne Christian voiced his support in a statement Thursday.
News
June 12, 2025
“We applaud the Senate Committee on Energy and Natural Resources for taking bold action to restore American energy leadership," said American Petroleum Institute CEO and President Mike Sommers.
News
June 06, 2025
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement following the National Highway Traffic Safety Administration's final rule declaring the Biden-era Corporate Average Fuel Economy (CAFE) standards exceeded the department's authority.
News
June 05, 2025
API President and CEO Mike Sommers joined this week’s episode of Veriten’s C.O.B. Tuesday podcast to discuss the state of American energy policy as the Trump administration and Congress continue to make progress on many of the priorities outlined in API's five-point policy roadmap.
News
June 04, 2025
Op-Ed: The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong.
News
June 02, 2025
The U.S. Department of Energy is canceling some $3.7 billion allocated for clean energy projects under the Trump administration's orders. Among the canceled awards was $331 million for ExxonMobil to use hydrogen at its Baytown, Texas Olefins plant.
News
June 02, 2025
Oil climbed after OPEC+ increased production less than some had feared and geopolitical concerns flared in Ukraine and Iran. WTI neared $63 a barrel after the Organization of the Petroleum Exporting Countries and its allies met on Saturday.
News
June 02, 2025
The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil.
News
May 30, 2025
Officials say the supply hikes reflect Saudi Arabia’s desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to U.S. shale drillers and other rivals, and satisfy U.S. President Trump’s desire for cheaper oil.
News
May 29, 2025
Kazakhstan said it can’t cut oil production and even hopes to increase output beyond planned levels later this year, deepening a stand-off with OPEC+ before the group meets this weekend.
