Regulatory

(Bloomberg) – President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some U.S. coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House.

Petrobras has released a news statement regarding a Brazilian government enacted law which addresses the possibility of transfer of local content surpluses among contracts in exploration and production of oil and natural gas.

Flotek has provided an update regarding flare monitoring regulations issued by the Environmental Protection Agency (EPA). The EPA's proposed amendments, issued Dec. 20, address industry concerns on the complexity of flare monitoring and testing.

Following the election of a new UK government in the summer of 2024, substantial policy changes affecting the future of the UK Continental Shelf have been made. These continue to dominate the investment environment.  

We all continue to watch the massive political transition underway in Washington, D.C., as President-elect Donald Trump’s impressive win in November translates into a new cast of administration officials and regulatory policy changes, including many for oil and gas. What we are seeing is a major switch in political philosophy and approach. 

The Railroad Commission of Texas assessed $1,405,949 in enforcement docket fines against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry.

The Energy Workforce & Technology Council have released a statement in response to the U.S. Department of Energy’s (DOE) study on the impacts of liquefied natural gas (LNG) exports.

The American Petroleum Institute (API) have released a statement in response to the U.S. Environmental Protection Agency's (EPA) granting California’s request for a Clean Air Act waiver for the Advanced Clean Cars II (ACC II) Light- and Medium-Duty Vehicle Standards.

The American Petroleum Institute (API) and the National Ocean Industries Association (NOIA) have issued separate statements in response to the U.S. Department of Energy’s (DOE) study on the impacts of liquefied natural gas (LNG) exports.

After extensive reviews of public comments and stakeholder input, the Railroad Commission of Texas has adopted a significant overhaul of rules regulating oil and gas waste management facilities in Texas.

An independent Texas oil and gas producer is striking back against a group of insurance companies, which are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities.

The Railroad Commission of Texas has hired two seasoned veterans who will help the agency navigate legislative affairs and oversee day-to-day engagement and outreach with the public and the media.

A coalition of oil and gas trade associations, representing over 80% of U.S. domestic production, has issued an urgent call to House Speaker Mike Johnson for immediate action on permitting reform before the close of the 118th Congress.

Join us for an exclusive webcast, during which Gulf Energy Information's expert editors will deliver deep insights into President Trump’s policies' impact on global energy markets. This webcast will explore recent shifts in U.S. energy policies and their global repercussions. Key topics include regulatory changes, adjustments in subsidies and taxes, and potential impacts on the oil, gas, and renewable energy sectors worldwide. We will explore the ramifications of the U.S. emerging as a net energy exporter and its impact on global supply chains, as well as evolving trade relations and geopolitical alliances with major oil players like OPEC, Russia, and China. The webcast will also examine energy security, geopolitical risks, and emerging trends in renewable energy investments. Additional discussions will focus on technological innovation, energy transition, and the role of AI in adapting to policy changes. Finally, we’ll explore how these developments may influence future energy prices, demand, and the overall market landscape.

National Ocean Industries Association (NOIA) President Erik Milito issued a statement after the Bureau of Ocean Energy Management released the Draft Programmatic Environmental Impact Statement (EIS) for oil and gas leasing in the Gulf of Mexico.

The American people sent a resounding message during the 2024 election: they do not like the direction the country is headed, and they want change. With President-elect Donald J. Trump’s decisive win, and Republicans holding both branches of Congress, the time is ripe to pivot toward policies that truly benefit hardworking Americans. High energy costs, inflation, and bureaucratic red tape are issues that families and businesses confront daily, and it’s time to turn the tide. 

With President-elect Trump and his pro-oil stance set to take position in office, a new Secretary of Energy candidate who opposes much of the ESG movement, and Liberty Oil suing the SEC for overreach — are we seeing the end of the ESG movement?

Energy NL has announced its full support of Premier Andrew Furey's statement which maintains the federal emissions cap regulations must respect the Atlantic Accord and the principle of joint management.

Russia’s controversial Nord Stream 2 pipeline lost the latest round of its legal fight against European Union gas market rules, in a largely symbolic court defeat for the now-shuttered project.

(Bloomberg) – Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the oil and gas industry in opposition to Prime Minister Justin Trudeau. The Canadian province holds the world’s third-largest crude reserves in its oil sands.

BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.