Regulation ///

Canada’s PM vote will influence energy, financial sectors

With Canadians set to vote Monday in a highly competitive election, the outlook for the two largest sectors in country’s stock index hangs in the balance.

Democrats to investigate oil industry over “climate disinformation”

House Democrats are investigating the role major oil companies and their trade groups are alleged to have played in misleading the public on the role of fossil fuels in causing global warming.

Texas oil regulator works to secure natural gas supply for potential weather emergencies

Railroad Commission of Texas commissioners approved publishing for public comment proposed rules for critical designation of natural gas infrastructure during energy emergencies.

Norway elects pro-oil, Labor-led coalition in advance of COP26 climate talks

Norway’s opposition Labor Party is on course to oust the Conservative-led government after two consecutive terms in an election dominated by disputes over the Nordic economy’s dependence on fossil fuel.

Greens decry oil and gas tax breaks in Democrats’ new proposal

“This bill is fundamentally at odds with the president’s commitment to repeal fossil fuel subsidies,” said Erich Pica, president of Friends of the Earth. “This is a failure of climate leadership that will not soon be forgotten.”

Joe Manchin holds America’s energy independence, and economic future, in his hands

West Virginia Senator Joe Manchin stands alone among his fellow Democrats, recognizing the long-term economic damage Biden's $3.5T liberal wish list would inflict on America’s ability to meet its own energy needs, and compete in the global economic arena.

Biden’s budget plan spurs lobbying frenzy, with all eyes on Joe Manchin

West Virginia Senator Joe Manchin (D), who commands a linchpin vote in the Senate, is at the center of a lobbying crossfire over President Joe Biden’s $3.5 trillion economic package, with the energy industry and environmental advocates both vying for his support.

Biden’s clean energy future won’t include natural gas

Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

Talos pushes back against Pemex over Zama oilfield takeover

Talos Energy Inc., the U.S. offshore explorer behind Mexico’s largest oil discovery in years, is taking the first step toward an international dispute after control of the field was given to state producer Pemex.

Democrats close in on drilling, mining bans for Biden’s $3.5T infrastructure scheme

Legislation to block oil drilling in most U.S. waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday, as the House Natural Resources Committee rejected more than a dozen changes sought by Republicans.

Mexico’s new finance minister supports Pemex, but won’t modify laws

As the government pushes for a constitutional reform to electricity laws, Finance Minister Ramirez de la O said now “would be a little late” to change overall energy laws that last decade gave private companies access to the Mexican market.

Greenpeace sues Scotland over new BP offshore drilling permit

Greenpeace asked judges in Scotland’s Court of Session to overturn the government’s decision to grant BP a permit to drill for 30 million barrels of oil in the North Sea.

Norway proposes stricter oil tax rules in advance of elections

The depreciation and uplift rules in the special tax for petroleum will be replaced by immediate expense recognition of investments, or cash flow tax, from 2022, Finance Minister Jan Tore Sanner told reporters in a snap press conference in Oslo.

Biden suspects “unlawful” oil and gas mergers are behind higher gasoline prices

The Federal Trade Commission is examining ways to crack down on mergers in the oil and gas industry and investigate whether gas station franchises are driving up gas prices as part of a Biden administration effort to combat higher costs at the pump.

Industry must find ways to survive increasingly authoritarian U.S. government

David Blackmon, Contributing Editor

From killing the Keystone XL pipeline to federal land usage, leasing bans, wastewater disposal and tax treatment, the Biden administration is waging a full-scale assault on the U.S. upstream oil and gas industry.

Democrats want to add new drilling bans to Biden’s $3.5T infrastructure bill

Endangered desert fish would get millions of dollars in federal funding, while oil companies would face new fees and a ban on most offshore drilling under a plan floated by House Democrats.

German court order may delay Nord Stream 2 pipeline startup

Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization.

Biden plans September restart of oil leases, per court ruling

The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

Chevron, Hess mandate Covid vaccines for Gulf of Mexico crews

Chevron and Hess are requiring employees who work on its platforms in the Gulf of Mexico to get the Covid-19 vaccine, as the oil giant responds to rising cases across the southern U.S.

Germany vows sanctions if Russia uses Nord Stream 2 pipeline as a “weapon”

Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.”