Regulation ///

Biggest U.S. oil explorers face investor votes on emission cuts

Exxon Mobil Corp. and Chevron Corp. investors will vote on shareholder demands to curb pollution amid growing pressure on the oil industry to reduce emissions.

Congress sends Biden a bill banning Russian oil imports

The House passed and sent to President Joe Biden for his signature legislation that would bar U.S. imports of Russian oil, gas and coal.

Energy industry largely approves of UK Government’s Energy Security Strategy

Energy companies and organizations are reacting positively to the UK Government’s Energy Security Strategy, which was published considering rising global energy prices provoked by surging demand after the pandemic and Russia’s invasion of Ukraine.

API to Washington: Turn the page and embrace American natural gas and oil

Much like the past, the American oil and gas industry is rising to meet the moment with increased LNG cargoes moving to Europe and others in need. But unlike the past, a politics-first and always vocal wing of Congress is demonizing our sector, API CEO Mike Sommers said.

Offshore Energies UK: Back UK companies and workers to construct nation’s low-carbon future

The government’s new Energy Security Strategy must recognize the oil and gas sector’s importance for energy security as well as for the energy transition, according to the chief executive of Offshore Energies UK.

More drilling permits needed to ease gas prices, oil companies tell Congress

Executives at some of the world’s biggest oil companies will tell a U.S. congressional hearing on high gasoline prices that they need the government’s help in securing more drilling permits to help lower consumers’ costs.

UK reexamining shale gas fracing in push toward energy security

Business Secretary Kwasi Kwarteng commissioned a geological report into the science of shale gas fracing, as the U.K. government tries to boost energy self-sufficiency in the wake of the Ukraine war.

Manchin joins Republicans opposing SEC climate-disclosure plan

Senator Joe Manchin is calling on the Securities and Exchange Commission to reconsider a plan to require companies to disclose information about their greenhouse gas pollution.

World Oil editorial: Biden’s latest energy move confuses the public even more

Staff

For the second time in a week, U.S. President Joe Biden managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market.

Oil & gas market report expects continued demand increases this year

A new market update report shows the U.S. oil and gas (O& G) industry can expect to see continued demand recovery and positive effects from the passage of the Infrastructure Investment and Jobs Act, but regulatory environments tightened last year.

Biden sets million-barrel-a-day oil release to tame prices

The U.S. will release roughly a million barrels of oil a day from its reserves for six months beginning in May, a historic drawdown underscoring White House concern about rising gas prices and supply shortages following Russia’s invasion of Ukraine.

Energy NL pleased lower carbon oil is part of government’s 2030 Emissions Reduction Plan

The Government of Canada on Tuesday released the 2030 Emissions Reduction Plan, which included emission reduction targets for the oil and gas sector and support for renewable energy.

U.K.’s contested Cambo oil field secures license extension

A controversial U.K. oil project won a license extension, keeping open the possibility of development even after Shell Plc retreated amid a backlash from climate protesters.

Biden signals third year of offshore oil-leasing delay in gulf

The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included in its newly released budget proposal.

OPEC+ still sees no need to change supply plan despite Russia crisis

OPEC and its allies signaled that they still see no need to adapt their oil-supply plans even as the Russia-Ukraine conflict threatens the biggest market disruption in decades.

Tackling methane emissions: It’s time to act

Andrew E. Pomerantz, Staffan Tekin Eriksson

Under growing pressure from regulators, investors and customers, oil and gas operators urgently need to reduce their methane emissions. Mitigation is a big challenge, but intelligently combining current and emerging technologies offers a rapid, cost-effective route to success.

World Oil editorial: Biden’s latest energy move confuses the public even more

Staff

For the second time in a week, U.S. President Joe Biden has managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market. This is what Biden does, again and again: The three D’s---Deflect, distract and distort.

First Oil: Poor U.S. energy policy clashes with global realities

Kurt Abraham

As many in the upstream industry anticipated, military action in Ukraine has sent oil and gas prices to their highest levels since 2008, with crude peaking at well above $100/bbl, with no end in sight.

Canadian government delays call for exploration bids offshore Newfoundland and Labrador

The Canadian government delayed bids for oil exploration off the coast of Newfoundland and Labrador by up to 90 days, leading industry groups to warn that continuous regulatory delays could turn away investors.

Total vows to slash methane as investors demand big oil do more

TotalEnergies SE announced plans for a steep cut in methane emissions as energy majors come under increasing pressure to eliminate leaks of one of the most harmful greenhouse gases.

Chicago City Council bans fossil-fuel investments

The Chicago City Council voted to ban city investments in coal, oil and gas companies in an effort to combat climate change.

<%--OneSignal--%>