The U.S. Environmental Protection Agency on April 16 issued a final rule concluding that it is not appropriate and necessary to regulate hazardous air pollutant emissions from coal- and oil-fired power plants, rescinding a 2016 supplemental cost finding that formed the basis for the Mercury and Air Toxics Standards, or MATS. The agency said that…...
The U.S. Energy Department is negotiating contract awards with nine U.S. companies to store about 23 million barrels of crude oil in the Strategic Petroleum Reserve, or SPR, according to an April 16 news release. This act aims to relieve oil producer’s stress in dealing with excess production under the combined effects of COVID-19 pandemic…...
The U.S. Interior Department’s Bureau of Land Management announced a proposal to offer 45 parcels of land, totaling about 67,244 acres located on Jackson, Las Animas, Rio Blanco, and Weld Counties, at the September quarterly oil and gas lease sale, according to a Mar. 31 news release. The agency is seeking public input on issues…
The U.S. Energy Department on April 2 announced a solicitation to make 30 million barrels of the Strategic Petroleum Reserve’s storage capacity available to oil producers amid an unprecedented drop in demand caused by the COVID-19 economic impacts, as well as the intentional disruption of oil markets by foreign actors. The agency said that a…...
Since the beginning of this year, crude oil prices fell significantly in response to the economic contraction caused by the COVID-19 pandemic and the sudden crude oil glut after the Organization of the Petroleum Exporting Countries and partner countries suspended agreed production cuts. Daily price changes for the U.S. benchmark crude oil West Texas Intermediate…...
U.S. biofuel production is projected to grow by 18 percent in 2050, relative to 2019 levels, under the reference case, which reflects current laws and regulations in the U.S. Energy Information Administration’s Annual Energy Outlook. The growth is driven largely by economic and policy factors, according to the agency’s March 9 report. In a scenario…...
The U.S. Energy Department on Feb. 28 issued a notice of sale of crude oil from three Strategic Petroleum Reserve, or SPR, sites – Bryan Mound and Big Hill in Texas, and West Hackberry in Louisiana. In fiscal year 2020, the Energy Secretary is authorized to sell up to $450 million worth of oil from…...
The U.S. Agriculture Department on Feb. 20 announced a goal to boost biofuel production efficiency and competitiveness to achieve market-driven blend rates of 30 percent of transportation fuels by 2050. The goal is part of a department-wide initiative, which aims to increase farm production by 40 percent, while cutting the sector’s environmental footprint by 50…
The North Dakota Public Service Commission on Feb. 19 granted a permit allowing Energy Transfer Partners to add a pump station designed to increase the capacity of its Dakota Access Pipeline from 600,000 barrels per day to up to 1.1 million barrels of crude oil per day. The 1,172-mile pipeline, which has been operating since…
The U.S. is projected to export more crude oil and petroleum combined than it imports until 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2020. In two scenarios, one with more oil and gas supply and the other with higher oil prices, the agency expects the nation to become a net exporter…
The Minnesota Public Utilities Commission on Feb. 3 determined that a court-ordered revised environmental review of Enbridge Inc.’s Line 3 pipeline project is adequate. The agency also approved and re-issued the certificate of need and route permit for the project, which has been delayed for a year due to opposition from environmental groups and permitting…
The U.S. Court of Appeals for the Tenth Circuit on Jan. 24 vacated three orders issued by the Environmental Protection Agency in 2017 granting extensions of small refinery exemptions under the Renewable Fuel Standard, or RFS, program. The court ruled that the agency cannot allow extensions of exemptions that had lapsed, noting that none of…