OIL

Congress Repeals Multiple Environmental Regulations Invoking Congressional Review Act

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

The House has passed a resolution of disapproval under the Congressional Review Act (CRA) to repeal the Methane and Waste Prevention rule, following similar resolutions that allowed Congress to repeal the Stream Protection Rule and Disclosure of Payments by Resource Extraction Issuers. President Trump is expected to sign the resolutions and the White House has strongly supported repealing these regulations citing burdensome compliance requirements that adversely impact jobs and businesses.

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EnerKnol’s Visual Primer – Congress Repeals Multiple Environmental Regulations Invoking Congressional Review Act

Blog, EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

The House has passed a resolution of disapproval under the Congressional Review Act (CRA) to repeal the Methane and Waste Prevention rule, following similar resolutions that allowed Congress to repeal the Stream Protection Rule and Disclosure of Payments by Resource Extraction Issuers. President Trump is expected to sign the resolutions and the White House has strongly supported repealing these regulations citing burdensome compliance requirements that adversely impact jobs and businesses.

President Trump’s Executive Action Revives Controversial Keystone XL Project

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

President Donald Trump has issued memoranda to advance the controversial Keystone XL and Dakota Access pipelines and an Executive Order to expedite environmental review for priority infrastructure. Several oil and gas projects that were delayed or rejected during the previous administration will likely be revisited. Grid modernization and transmission expansion will support large-scale wind which is particularly dependent on transmission infrastructure to connect with load centers.

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EnerKnol’s Visual Primer – President Trump’s Executive Action Revives Controversial Keystone XL Project

Blog, EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

President Donald Trump has issued memoranda to advance the controversial Keystone XL and Dakota Access pipelines and an Executive Order to expedite environmental review for priority infrastructure. Several oil and gas projects that were delayed or rejected during the previous administration will likely be revisited. Grid modernization and transmission expansion will support large-scale wind which is particularly dependent on transmission infrastructure to connect with load centers.

Department of Interior Finalizes Pending Regulations amid Presidential Transition

EnerKnol Research Reports, Fossil Fuels, Natural Gas, Oil, PRODUCTS, Solar Power, Wind Power

The Department of the Interior (DOI) has announced the final Methane and Waste Prevention Rule, one of the last major climate mitigation efforts of the Obama Administration, the 2017-2022 Offshore Oil and Gas Leasing Plan, and final rules creating competitive leasing processes for renewable development on public lands. Multiple rules finalized in the last months of the administration face the risk of being rescinded or weakened under the incoming Trump administration.

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EnerKnol’s Visual Primer – Department of Interior Finalizes Pending Regulations amid Presidential Transition

Blog, EnerKnol Research Reports, Fossil Fuels, Natural Gas, Oil, PRODUCTS, Solar Power, Wind Power

The Department of the Interior (DOI) has announced the final Methane and Waste Prevention Rule, one of the last major climate mitigation efforts of the Obama Administration, the 2017-2022 Offshore Oil and Gas Leasing Plan, and final rules creating competitive leasing processes for renewable development on public lands. Multiple rules finalized in the last months of the administration face the risk of being rescinded or weakened under the incoming Trump administration.

Spending Bill Lifts U.S. Oil Export Ban And Extends Tax Credit For Renewables

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

Key Takeaways: Removal of crude oil export restrictions expands U.S. access to the global market, but an immediate boost to U.S. crude exports is unlikely due to the global oil-supply glut and low prices Crude oil exports could harm the domestic refining industry, although the level of impact depends on the refining sector growth and…...

DOT Proposes Tougher Safety Regulations for Hazardous Liquids Pipelines

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

Key Takeaways: The Department of Transportation’s proposal to strengthen hazardous liquid pipeline safety would expand the agency’s integrity management requirements related to assessments, repairs, and leak detection The proposal would establish reporting requirements for certain unregulated pipelines, including all gathering lines New conservative repair criteria and response timelines would increase the number of anomalies that…...

Shell Cites Restrictive Regulations In Ceasing Arctic Drilling Operations

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

Key Takeaways: Royal Dutch Shell will close its Arctic drilling activities, demonstrating the increasing complexity of Arctic operational conditions Declining oil prices create unfavorable environment for capital-intensive offshore drilling projects Finalized regulations and revised timelines that reflect challenging Arctic conditions are needed to foster Arctic oil and gas development in the future   Insight for…...

U.S.-Mexico Oil Swaps Unlock Avenue for U.S. Light Crude

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

Key Takeaways: Light tight oil production from unconventional resources has prompted industry to seek export avenues Approval of U.S.-Mexico crude oil swaps provides an additional market for light crude and increases its value given the current limitations in U.S. refinery capability Oil exchange transactions will potentially enhance refinery utilization in the United States and Mexico…...

Mexico’s Close-to-Shore Oil Auction Falls Short of Expectations

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

Key Takeaways: Mexico’s July 15 opening Round One close-to-shore oil and gas auction fell short of expectations with only 2 of 14 blocks auctioned and a number of major international players sitting out Subsequent Round One auctions for deepwater oil fields will attract more interest from major players, but Mexico will be forced to revisit…...

BP Reaches $18.7 Billion Agreement to Settle Deepwater Horizon Spill

EnerKnol Research Reports, Fossil Fuels, Oil, PRODUCTS

Key Takeaways: BP agreed to settle all federal, state and local claims for $18.7 billion, with payments to be spread over 18 years The agreement increases BP’s financial certainty, but its reduced cashflow could lead the company to become a takeover target in the current low oil price environment New draft regulations would establish design…...