Regulatory
News
February 07, 2023
Multiple sources have reported calls by opposition politicians and union leaders for another increase in the windfall taxes on energy producers, linked to BP’s latest global profits announcements. OEUK said such a levy risked breaching global tax agreements and could never be implemented.
News
February 02, 2023
(WO) — Offshore Energies UK, the trade body for the UK’s offshore energy industries and supply chain companies, said calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers — because such a levy would breach global tax agreements and so could never be implemented.
News
February 01, 2023
In this role, Holly Hopkins will lead API’s efforts concerning the legislative and regulatory issues surrounding the exploration and production of oil and natural gas.
News
January 31, 2023
Western Energy Alliance and the Independent Petroleum Association of America (IPAA) submitted comments to the Bureau of Land Management (BLM) regarding the proposed rule on Waste Prevention, Production Subject to Royalties, and Resource Conservation.
News
January 26, 2023
Sommers outlined the three components of API’s policy plan unveiled during its annual State of American Energy event, during which members of Congress from both sides of the aisle voiced support for American energy leadership, including durable permitting reform to unleash energy development and an all-of-the-above approach to building a lower carbon future.
News
January 23, 2023
API Vice President of Corporate Policy Aaron Padilla argues that the White House's recent National Environmental Policy Act (NEPA) Guidance on Consideration of Greenhouse Gas Emissions and Climate Change could harm the development of critical energy projects.
News
January 23, 2023
The Press Association has reported a speech by Rachel Reeves at the Fabian Society Conference, saying that a Labour government would extend the windfall tax on UK North Sea operators from 75% to 78%. In response, OEUK said the impact of such changes would be disastrous for the UK’s energy supplies and future energy security.
News
January 12, 2023
West will lead the organization’s engagement and advocacy with Congress and federal agencies. West joins API from the office of West Virginia Senator Joe Manchin, where he served as chief of staff.
News
January 12, 2023
API announced a plan for the 118th Congress to make, move and improve America’s energy. As consumers face growing energy costs, API urges policymakers to take a more realistic approach and ensure that American natural gas and oil are prioritized as long-term strategic assets.
News
January 06, 2023
The EPA has considered labeling parts of the region as violating federal air quality standards for ozone. However, the Biden administration omitted the policy from an agenda of planned regulations and instead deemed the measure “inactive."
News
January 03, 2023
LongPath is the only continuous and quantitative monitoring solution to receive approval by meeting Colorado's Regulation 7 emissions monitoring requirements for oil and gas methane leaks. They also meet the continuous-monitoring criteria outlined in the EPA's proposed supplemental methane rule standards of performance for oil and gas facilities.
News
December 29, 2022
The oil and gas industry warns that the Energy Price Levy, which slaps a 35% rate on profits from North Sea producers, risks drying up investment in a sector that’s key to the country’s energy security even as it transitions away from fossil fuels to achieve climate goals.
News
December 29, 2022
World Oil was on the front lines of every breaking news story in 2022. From positive production predictions and interventions from the White House to billion-dollar profit exploration setbacks, our readers had plenty to keep them on their toes. Read more of this year's top headlines here.
News
December 28, 2022
Not all countries use licensing rounds; some use direct negotiation to approve exploration and production rights. It’s time for more African oil and gas-producing states to choose this route.
News
December 28, 2022
Genel Energy owns oil blocks in Somaliland. However, the region isn’t recognized as a sovereign state by any other nation. Any investors seeking to operate in Somalia must comply with the nation’s constitution.
News
December 27, 2022
The Biden administration's goal to power 10 million homes by 2030 with offshore wind looks to be at risk as developers face challenges including inflation, supply chain woes and rising interest rates.
News
December 20, 2022
ConocoPhillips had originally proposed drilling across five pads at the site in the northeast corner of the National Petroleum Reserve-Alaska. However, the Interior Department has advanced an alternative plan that would initially allow just three. Now some environmental activists are musing about an even smaller, two-site option.
News
December 19, 2022
In her new role, Granger will lead strategy for state legislative and regulatory policy in the Midwest region as well as provide continued strategic oversight to API’s Colorado operations.
News
December 16, 2022
The Railroad Commission of Texas assessed $982,378 in fines involving 352 enforcement dockets against operators and businesses at the Commissioners’ Conference on Dec. 13.
News
December 15, 2022
The DOE announced $3.7 billion of funding to back projects that remove carbon dioxide from the atmosphere. The programs now open the door to the use of taxpayer dollars to fund carbon capture projects that produce fossil fuels through a process known as enhanced oil recovery. It’s a significant shift that promises more funding options for crude production.
News
December 14, 2022
Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be around for a long time.
