Regulatory

News
January 09, 2025
Elected officials and trade groups representing businesses across the supply chain are sounding the alarm over the Biden administration’s 11th hour decision to ban new oil and natural gas activity across millions of acres of federal waters.
News
January 08, 2025
(Bloomberg) – Oil companies declined to bid in a U.S. government auction to drill in the Arctic National Wildlife Refuge, as industry interest wanes in a region that’s rich with crude but difficult to develop.  
News
January 06, 2025
The American Petroleum Institute (API) has released a statement from President and CEO Mike Sommers on reports the Biden administration will move to ban new oil and natural gas activity across millions of acres of federal waters.
News
January 06, 2025
The National Ocean Industries Association (NOIA) has issued a response to President Biden's planned unilateral ban of new offshore oil and gas activities across vast swaths of America's offshore areas under Section 12(a).
News
January 06, 2025
The U.S. Chamber’s Global Energy Institute issued a statement regarding the Biden Administration’s plans to restrict offshore oil and natural gas drilling, calling on Congress and the incoming administration to reverse the policy.
News
January 05, 2025
The Independent Petroleum Association of America (IPAA) have responded to the announcement of the Biden Administration's plan to remove millions of acres of U.S. oceans from potential oil and gas drilling.
News
January 04, 2025
The American Petroleum Institute (API) has released a statement regarding the U.S. Department of the Treasury’s final regulations for the Section 45V Clean Hydrogen Production Tax Credit.
News
January 02, 2025
(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.
News
January 01, 2025
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.
News
December 30, 2024
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.
News
December 18, 2024
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.
News
December 18, 2024
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.
News
December 18, 2024
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.
News
December 17, 2024
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.
News
December 17, 2024
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.
News
December 12, 2024
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.
News
December 11, 2024
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.
News
December 11, 2024
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.
News
December 06, 2024
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.
News
December 02, 2024
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.
News
November 28, 2024
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.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.