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.
A group of 18 U.S. Senators on March 3 introduced legislation called the “Ban Russian Energy Imports Act” aimed to prohibit the import of Russian crude oil, petroleum, petroleum production, liquified natural gas and coal, following Russia’s invasion of Ukraine. The bill would declare a national emergency with respect to Russian aggression and at once…...
Russia’s invasion of Ukraine has been met with heavy economic sanctions from the U.S. and most European countries, while companies across the oil and gas value chain have announced plans to abandon investments in Russia. The Railroad Commission of Texas has also shown its support to encourage oil and gas companies to discontinue business associations…...
The Pipeline and Hazardous Materials Safety Administration on Nov. 15 issued a final rule expanding federal safety oversight to onshore gas gathering pipelines, representing over 425,000 additional miles of pipelines that will be subject to federal reporting guidelines. Gathering lines typically transport gas from the production site to interstate transmission pipelines. The agency expects that…...
Washington is moving expeditiously to implement rules and strategies as the state seeks to achieve carbon-free electricity by 2045 and reduce emissions to net zero by 2050. The state is advancing multiple measures ranging from resource planning rules to establishing a carbon cap-and-trade program, and strengthening auto-emission standards.
Texas state lawmakers are exploring solutions to address the issues faced during and after the mid-February winter storm event that caused widespread outages across the state. California, which faced a similar predicament due to an unprecedented heatwave in August 2020, albeit smaller in scale and severity, has advanced measures to ensure reliability this summer.
Ongoing state initiatives to transition to a low-carbon future and new actions from the federal level are impacting natural gas utilities’ long-term planning strategies. The challenge for utilities is to adapt to the changing policy landscape, evolving in ways that contribute to decarbonization.
The U.S. Energy Department on Dec. 10 announced the extension of the terms of seven long-term liquefied natural gas export projects through 2050. This marks the third set of extensions since the agency issued a policy statement in July establishing the extension, changing the prior practice of granting 20-year terms. The department extended the terms…...
The U.S. Energy Department on Oct. 21 granted seven applications extending the terms of long-term liquefied natural gas export authorizations to non-free trade countries through 2050, in accordance with a policy statement issued in July. The policy, which marks a change from the prior practice of granting 20-year export terms, also allows existing applicants to…...
U.S. net natural gas exports continued to grow in the first six months of 2020 compared to the same period last year, but began to decline in spring 2020 due to the global economic slowdown resulting from the COVID-19 pandemic and related containment measures, according to a Sept. 15 report from the U.S. Energy Information…...
The White House Council on Environmental Quality on July 16 updated regulations implementing the National Environmental Policy Act, the first comprehensive revision since 1978. The move seeks to facilitate timely reviews under the law, which requires federal agencies to consider the environmental impacts of major actions. The rule creates a time limit of one year…...
Natural gas markets have a tendency to react to regional factors while crude oil markets respond swiftly and most times drastically to world events, according to a April 29 report from the U.S. Energy Information Administration. The correlation of daily price movements across the West Texas Intermediate, or WTI, and Brent are typically above 0.90…....