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...

Policy Choices Will Shape Future of Global Energy Sector: IEA’s World Energy Outlook

Under current and planned policies, global energy demand is expected to grow by over 25 percent to 2040, requiring an annual investment of more than $2 trillion in new energy supply, according to the International Energy Agency’s World Energy Outlook published on Nov. 13. The agency said that over 70 percent of global energy investments…

Minnesota Regulators Formally Approve Controversial Line 3 Oil Pipeline Project

The Minnesota Public Utilities Commission on October 26 issued an order approving Enbridge Inc.’s proposed $7-Billion Line 3 replacement project, following a favorable vote in June. The formal ruling, which comes after much deliberation over replacing a 1960s-era line versus limiting environmental risks, opens the door for appealing the decision. Environmental groups like Sierra Club…

Pemex Places $2 Billion in Bonds for Investments, Liquidity Through Start of 2019

Mexican state oil company Pemex placed a bond of $2 billion in the international debt markets in line with operating and marketing measures unveiled in September to lower the company’s budget deficit for this year by about 38 percent, according to the company’s Oct. 16 news release. The bond, with a 10-year maturity period, yields…

Trump Nominates McNamee to FERC as Agency Examines Crucial Issues of Pipeline Policy, Resiliency

President Donald Trump nominated Bernard L. McNamee to the Federal Energy Regulatory Commission for the term ending June 30, 2020, to fill the vacancy resulting from Commissioner Robert Powelson’s resignation in August, according to an Oct. 9 release from the agency. McNamee currently serves as the Executive Director of the U.S. Energy Department’s Office of…

Enbridge Agrees to Pay up to $500 Million for Tunnel Replacing Line 5 Oil Pipeline Under Michigan’s Mackinac Straits

The state of Michigan and Canadian company Enbridge Inc. signed an agreement under which the company would replace the Line 5 petroleum pipeline segment that crosses the Straits of Mackinac with a multi-utility tunnel beneath the Straits, according to an Oct. 3 press release from the Michigan Governor’s office. Enbridge agreed to bear the costs…

Trump Administration Eases Oil, Gas Safeguards Developed in Response to Deepwater Horizon Spill

The U.S. Interior Department’s Bureau of Safety and Environmental Enforcement on Sept. 28 updated the 2016 well control rule, one of the spate of safety regulations implemented in the wake of the 2010 Deepwater Horizon spill that spewed 4.9 million barrels of oil into the Gulf of Mexico over nearly three months. The agency said…

California Strengthens Transportation Fuel Standard Amid Trump Administration’s Rollback

The California Air Resources Board extended its low-carbon fuel standard, mandating a 20 percent cut in the carbon intensity of transportation fuels by 2030, compared with the current requirement of 10 percent by 2020, according to the agency’s Sept. 27 press release. The requirement, “the most stringent in the nation,” aligns with the state’s 2030…

U.S. Interior Department Approves Utility Corridor For Enefit’s Oil Shale Project in Utah

The Bureau of Land Management on Sept. 26 authorized right-of-way grants for the Enefit American Oil Utility Corridor Project which would provide access, natural gas, electricity, and water to Enefit American Oil’s South Project while allowing transport of processed oil. The South Project comprises commercial oil shale mining operations on 7,000- acre to 9,000-acres of…

Trump Administration to Offer 78 Million Acres in Gulf of Mexico Oil, Gas Lease Sale

The U.S. Interior Department proposed to offer all available unleased areas in the Gulf of Mexico for oil and gas leasing in the auction to be held in March 2019, according to a Sept. 25 press release. The auction marks the fourth offshore sale under the 2017-2022 leasing program. The last auction held in August…

U.S. Crude Oil Exports Rose by 80 Percent During First Half of 2018 Amid Growing Production: EIA

The U.S. exported 7.3 million barrels per day of crude oil and petroleum products in the first half of 2018, the largest recorded for the first six months of a year, according to a Sept. 24 report from the U.S. Energy Information Administration. Crude oil exports, which exceeded hydrocarbon liquids exports, were about 80 percent…

Trump Administration Eases Rules on Methane Emissions From Oil, Natural Gas Drilling

The Bureau of Land Management on Sept. 18 issued final revisions to an Obama-era rule aimed at reducing the waste of methane, a potent global warming pollutant, from venting, flaring, and leaks during oil and natural gas drilling operations. The final rule largely re-establishes the requirements that were in place before the 2016 rule, which,…