WorldOil U.S. looks to close liability loopholes for bankrupt offshore oil producers The Interior Department is proposing rules to strengthen the issuance criteria after companies have filed for Chapter 11 and escaped financial obligations to cap their non-producing wells, said Walter Cruickshank, acting director of the department’s Bureau of Ocean Energy Management. Environmental groups warn Alaska drillers not to pursue ANWR leases “Any company that bids on leases or expresses interest in destroying the Arctic Refuge for oil will face a major public backlash and long-lasting damage to their reputation,” warned the groups, including the Wilderness Society, Natural Resources Defense Council and Sierra Club. Biden won’t ban fracing – he’ll outlaw most U.S. drilling instead In a local Philadelphia TV interview, Democratic nominee Joe Biden told reporters “I will not ban fracing.” He failed to mention that his climate plan’s ban on drilling on federal property would go much further than a simple frac ban. Venezuela and Iran defy U.S. sanctions with new tanker delivery The ship, identified as Honey, turned off its satellite signal and started unloading about 2 million barrels of South Pars condensate at Venezuela’s state-controlled port of Jose on Saturday, according to a report and a person with knowledge of the situation. Are the oil industry's opportunities for post-coronavirus recovery dwindling in North America? In this week's podcast, World Oil editors discuss how legislative activities, a smaller labor pool, and harsh economic realities are impacting options for oil and gas sector growth in North America's post-coronavirus economy. Proposed federal land lease ban hits Wyoming hardest, new analysis shows Wyoming, which accounts for 38 percent of federal onshore natural gas production and 16 percent of oil production, is projected to be among the states hardest hit, standing to lose more than 33,000 jobs and putting $640 million in state federal revenue sharing at risk. BP joins financiers in call for U.S. to tax greenhouse gas emissions The U.S. government should start making businesses pay for their greenhouse gas emissions to help combat global warming, according to a powerful group of finance and energy titans including Morgan Stanley, JPMorgan Chase and Co. and BP. Natural gas is losing its luster as a “bridge fuel” to renewable energy Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as coal, its dirtier sibling shunned by governments, utilities and investors. Trump extends Florida’s offshore drilling ban President Donald Trump endorsed an extended ban on offshore oil development on Florida’s western coast as he courts voters worried that drilling imperils the state’s beaches and tourism-based economy. EPA seeks to add Odessa, TX groundwater site to Superfund priority list The U.S. Environmental Protection Agency announced the proposed addition of Northwest Odessa Groundwater site to the National Priorities List (NPL) where releases of contamination pose human health and environmental risks. The site contains contamination that is potentially threatening the Trinity/Antlers portion of the Edwards-Trinity Plateau Aquifer System in Odessa, Texas.