Regulation ///

California intensifies fossil fuel fight with new drilling ban

California intensified its battle against fossil fuels by seeking independent reviews of all pending hydraulic fracturing permits and halting approvals of a key production technique in an area that has pumped crude for more than a century.

Venezuela using ‘dark ships’ to secretly export millions of barrels of oil

The practice of oil tankers turning off their location signals has increased in the past month, according to shipping data, after the U.S. went after a Chinese-owned shipping company it said was moving crude for sanctioned Iran.

Renewables are growing, but greenhouse emissions will continue to rise, says IEA

The IEA’s report tracks the different paths the world can take, with government policies shaping the energy industry. While clean energy leaves some reason for optimism, the gap is widening between what scientists say is necessary to protect the environment and how industry’s energy needs are evolving.

EPA and FERC chiefs brief independent producers on administration achievements, policies

Late last week, on Day 2 of its annual meeting and 90th anniversary, the Independent Petroleum Association of America (IPAA) heard from the respective heads of the EPA and FERC on how Trump administration policies are benefitting both the nation and the upstream oil and gas industry.

Speakers at IPAA’s annual meeting laud industry, see tough election ahead

Celebrating its 90th anniversary, the Independent Petroleum Association of America (IPAA) kicked off the first day of its annual meeting Thursday, with two Capitol Hill insiders sorting out the issues for attendees, along with predictions of a tough 2020 election.

Exxon calls New York climate case a ‘joke’ on last day of trial

A lawyer for Exxon Mobil said New York’s fraud lawsuit against the oil giant was a “joke” and that the state had falsely accused engineers and scientists of cooking up a scheme to mislead investors about the financial risks of climate change.

New York struggles to show Exxon misled investors on climate

New York rested its securities-fraud case against Exxon Mobil after nine days of trial testimony without appearing to produce any definitive evidence that the oil company intentionally misled investors about how it accounted for climate-change risks.

When green wins, a nation’s industry suffers

Well, it has finally happened. A perfect combination of overly aggressive environmental activism, combined with fumbling by governmental authorities, has incapacitated the Canadian oil industry. (World Oil Editorial)

Fugro’s Edward Saade reappointed to NOAA Federal Advisory Committee

The U.S. National Oceanic and Atmospheric Administration has reappointed Fugro USA President Edward Saade to its Hydrographic Services Review Panel. The 15-member federal advisory committee comprises individuals with a range of maritime expertise to provide independent recommendations for improved navigation services and coastal resilience.

Oil drillers get $18 billion break thanks to law legislators now regret

The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a break on paying royalties when drilling in deep waters, federal investigators concluded Thursday.

Trump highlights benefits of shale to U.S. economy and the environment

The Trump administration showed support for energy innovation in the United States this week, issuing a report that directly outlines how U.S. shale production is positively impacting both the economy and the environment.

Supreme Court allows states to sue oil companies over climate change

The U.S. Supreme Court let government officials press ahead with three lawsuits that accuse more than a dozen oil and gas companies of contributing to climate change.

Chevron wins 90-day Venezuela sanction waiver extension

The Trump administration extended Chevron’s waiver to operate in Venezuela, allowing the second-largest U.S. oil explorer to keep its toehold in the crisis-stricken Latin American nation as U.S. sanctions severely restrict crude exports.

Energy unease and bigger deficits in the cards for Canada under a Trudeau minority

Larger federal deficits and continued uncertainty for the energy sector are in store for Canada after Prime Minister Justin Trudeau won a second term on Monday, investors and analysts say.

Trump to nominate deputy energy secretary to replace Rick Perry

Dan Brouillette has been serving as No. 2 to Perry, who led the Energy Department with its $36 billion budget and control of the nation’s nuclear arsenal and emergency crude oil stockpile.

Colorado tightens drilling restrictions near homes

It wasn’t so long ago that Coloradans voted against a bid to block oil and gas development near homes. The state, one of the nation’s top crude-producing regions, is cracking down anyway.

U.S. mulls extending Chevron’s Venezuela waiver, with more conditions

The Trump administration is considering an extension of Chevron’s waiver to operate in Venezuela, albeit with even greater limitations, according to people familiar with the matter.

API supports reauthorization of ARPA-E program

The American Petroleum Institute released the below statement in support of reauthorizing the Advanced Research Projects Agency – Energy (ARPA-E), which the House Science, Space, and Technology Committee voted on to the full House on Thursday, October 17th.

Nigeria isn’t crossing its fingers on $62 billion profit-sharing claim

Nigeria does not expect that it would get all of the $62 billion claim made against international oil companies in a dispute over sharing of profits from deepwater wells.

Canada’s election will determine its role on the global energy stage

Not only will the vote determine the future of carbon taxes, pipeline approvals and environmental regulations, it’s also a referendum on a dispute central to the country’s identity: Is Canada a global oil superpower or is it a leader in fighting climate change?