Regulatory
News
June 17, 2024
Texas, Louisiana, and Mississippi have sued the U.S. government to block a proposed rule by the Biden administration that would require offshore oil and gas companies to provide nearly $7 billion in financial assurances for decommissioning old infrastructure.
News
Oil and gas trade group calls on U.S. presidential candidates to “unleash” America’s energy security
June 17, 2024
Ahead of the first presidential debate, API is calling both candidates, as well as policymakers on both sides of the aisle, to leverage America’s energy resources to help protect consumers and cement U.S. energy leadership.
News
June 13, 2024
Nearly three dozen companies and trade associations will open their legal fight against the vehicle standards Thursday, filing petitions with the U.S. Court of Appeals for the District of Columbia Circuit. The challengers include such oil and gas industry heavyweights as the American Petroleum Institute as well as the National Corn Growers Association, which backs ethanol.
News
June 04, 2024
The decisions made in Washington — “the capital of the energy world” — will have “massive impacts” and influence spending around the globe, Sawan said.
News
June 02, 2024
Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the "Natural Gas Tax Repeal Act," by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax on methane emissions, a move that the EWTC believes is crucial for the future of the energy industry.
News
May 30, 2024
The message, sent in a letter Wednesday to Energy Secretary Jennifer Granholm, comes as Biden administration officials have hinted they may be willing to release oil from the Strategic Petroleum Reserve to tamp down gasoline prices amid forecasts for a spike this summer.
News
May 23, 2024
Energy Workforce & Technology Council President Tim Tarpley issued a statement in response to Energy Secretary Jennifer Granholm’s testimony before the U.S. House Committee on Oversight. During the hearing, Representatives discussed the ongoing LNG export permit pause, the push towards electric vehicles and energy appliance standards.
News
May 15, 2024
Railroad Commission of Texas commissioners voted to refer a new Environmental Protection Agency (EPA) greenhouse gas emissions rule to the Office of the Attorney General to file a lawsuit to challenge the rule in federal court.
News
May 06, 2024
The American Petroleum Institute's concerns include "flawed methodologies that could lead to inaccurate reporting of higher GHG emissions and increased taxes on American energy at a time of geopolitical instability and economic inflation," said Vice President of Corporate Policy Aaron Padilla.
News
April 24, 2024
The hearing examined the challenges faced by American energy producers, including regulatory uncertainty caused by administration policies, and highlighted career training opportunities aimed at growing the energy workforce.
News
April 23, 2024
The Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) released statements on the new National Petroleum Council (NPC) report on reducing greenhouse gas emissions from the natural gas supply chain being presented to Department of Energy Secretary Granholm.
News
April 19, 2024
The Energy Workforce & Technology Council released a statement strongly condemning the administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of the U.S.’ energy security.
News
April 19, 2024
Under the plan advanced by the Interior Department on Friday, future oil leasing and development is limited across 13 million acres of the 23-million-acre National Petroleum Reserve Alaska designated as “special areas.” And leasing is completely blocked across 10.6 million acres of the reserve.
News
April 17, 2024
The idea of placing sanctions on importers of Iranian oil has been swiftly gaining momentum in Congress following the nation’s direct attack on Israel, and House and Senate leaders have been in discussions about how to move forward with legislation to do so.
News
April 17, 2024
The U.S. plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan, who asked not to be identified without permission to speak publicly, if Venezuela fails to act.
News
April 16, 2024
The final Risk Management and Financial Assurance for OCS Lease and Grant Obligations rule amends existing regulations by substantially increasing the level of financial assurances that operators must provide in advance.
News
April 12, 2024
The Independent Petroleum Association of America (IPAA) issued a statement in response to the Bureau of Land Management's final Fluid Mineral Leases and Leasing Process rule released Friday that revises oil and gas leasing regulations including increases to bonding requirements, royalty rates, and minimum bids.
News
April 12, 2024
The changes wouldn’t affect ConocoPhillips’s 600 MMbbl Willow oil project in the National Petroleum Reserve-Alaska. But oil industry leaders say the plan is more expansive than initially anticipated and threatens to make it nearly impossible to build more important projects in the region.
News
April 08, 2024
Jamie Dimon said U.S. delays of liquefied natural gas (LNG) projects were done for “political reasons” to pacify those who believe oil and gas projects should be stopped — a position he calls “wrong” and “enormously naïve.”
News
April 07, 2024
The American Petroleum Institute released a statement from API Senior Vice President and General Counsel Ryan Meyers on the U.S. Securities and Exchange Commission’s decision to stay its climate-related risk disclosure rule while courts adjudicate its legality.
News
April 04, 2024
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s new emissions standards for heavy-duty trucks which could threaten the speed and cost of goods moving throughout the country.
