OIL

EnerKnol Research PU Visual Primer Russia Ukraine Energy Security

Visual Primer: Russia-Ukraine War Prompts Rethinking of U.S. Energy Policies

Russia’s attack on Ukraine has roiled global markets, causing oil prices to soar at a time when the world is recovering from the economic fallout of the COVID-19 pandemic. The conflict, entangled with the global energy crisis, has been met with heavy economic sanctions from the U.S. and most European countries. Companies across the oil and gas value chain have also announced plans to abandon investments in Russia.

Court Reinstates Obama’s Arctic Drilling Ban, Draws Criticism from Alaska Governor

Court Reinstates Obama’s Arctic Drilling Ban, Draws Criticism from Alaska Governor

The U.S. District Court for the District of Alaska on March 29 overturned President Donald Trump’s executive order issued in 2017 to undo a ban on oil and gas drilling in most of the Arctic Ocean. The court ruled that only Congress has the authority to revoke the ban imposed by former President Obama in…...

oil and gas lease sale

Federal Oil, Gas Auctions Fetch $1.1 Billion in 2018, Nearly Triple Previous Record

The U.S. Bureau of Land Management state offices generated more than $1.1 billion of revenue from oil and gas lease sales during 2018, nearly thrice the previous record of $408 million set a decade ago, according to a Feb. 6 press release. The agency’s New Mexico office held 2018’s biggest lease sale in September, earning…...

New York Legislature Passes Offshore Drilling Ban to Thwart Trump’s Expansion Plan

New York Legislature Passes Offshore Drilling Ban to Thwart Trump’s Expansion Plan

New York lawmakers approved a bill on Feb. 5 that would block oil and gas development off the state’s coastline. The legislation would put New York in line with California, New Jersey, and Oregon that have enacted similar measures following the Trump administration’s plan to open up vast amounts of coastal waters to drilling activities. The measure…...

U.S. to Become Net Energy Exporter for First Time in Seven Decades

U.S. to Become Net Energy Exporter for First Time in Seven Decades: EIA

U.S. energy exports in 2020 are projected to surpass imports for the first time since 1953, thanks to the continued growth in petroleum and natural gas exports, according to the U.S. Energy Information Agency’s Annual Energy Outlook released on Jan. 24. The trend is expected continue for the next three decades driven by large increases in the…...

Surging Crude Exports Boost U.S. Role in Global Market

EnerKnol’s Visual Primer – Surging Crude Exports Boost U.S. Role in Global Market

U.S. crude oil exports are growing and reaching an increasing number destinations since the removal of the export ban in December 2015. Exports almost doubled from 2016 to 2017, thanks to growing U.S. production, expansions in pipeline and export infrastructure, and a wider discount of the domestic crude oil prices to international prices. U.S. production surpassed that of Russia in June and August, for the first time since 1999, after beating Saudi Arabia in February. Several pro-oil policies implemented recently by the Trump Administration seek to continue the bullish trend.

States Advance New Penalties for Disrupting Pipeline Operations

EnerKnol’s Visual Primer – States Advance New Penalties for Disrupting Pipeline Operations

To overcome protests against oil and gas pipelines, at least 8 states are advancing bills creating new penalties for disrupting pipeline operations. Despite the Trump administration's moves to support pipeline developers, the opposition - consisting of environmentalists, landowners, and a few state governments - has dramatically slowed down some projects.

How Trump's Regulatory Rollback for America's Energy Producers is Gaining Momentum

How Trump’s Regulatory Rollback for America’s Energy Producers is Gaining Momentum

Federal agencies have reacted quickly to President Trump’s executive order, issued in March 2017, on reducing undue burdens on domestic energy production. On February 16, the Department of the Interior (DOI) announced the date for the largest sale of oil and gas leases in U.S. history. Scheduled for March 21, the sale will include all available areas in federal waters of the Gulf of Mexico. However, over the past year, the administration’s push for deregulation has prompted numerous legal challenges creating uncertainty in the industry.

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How Trump's Regulatory Rollback for America's Energy Producers is Gaining Momentum

EnerKnol’s Visual Primer – How Trump’s Regulatory Rollback for America’s Energy Producers is Gaining Momentum

Federal agencies have reacted quickly to President Trump’s executive order, issued in March 2017, on reducing undue burdens on domestic energy production. On February 16, the Department of the Interior (DOI) announced the date for the largest sale of oil and gas leases in U.S. history. Scheduled for March 21, the sale will include all available areas in federal waters of the Gulf of Mexico. However, over the past year, the administration’s push for deregulation has prompted numerous legal challenges creating uncertainty in the industry.

2017 State Legislative Action Calls for Greater Energy Diversity

Legislation enacted across states in 2017 calls for greater diversity in power sources—from expanding renewables to supporting nuclear and natural gas infrastructure. However, there is a clear trend showing the intent to prioritize clean energy and climate policy. States in the forefront of grid modernization plans continue to support renewable development while others are following their models as a way to emulate effective policies.

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State Legislation Update: 6/2017

EnerKnol’s Visual Primer – State Legislation Update: 6/2017

Legislation enacted across states in 2017 calls for greater diversity in power sources—from expanding renewables to supporting nuclear and natural gas infrastructure. However, there is a clear trend showing the intent to prioritize clean energy and climate policy. States in the forefront of grid modernization plans continue to support renewable development while others are following their models as a way to emulate effective policies.