Regulation

Spain's Repsol Gets U.S. License to Expand Venezuela Oil, Gas Projects - Sources

Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday.

U.S. LNG Export Pause Creates Opportunities for Middle East Producers, Says Woodside CEO

A moratorium on new U.S. LNG export projects could open up opportunities for producers in the Middle East and Russia, but Western sanctions are curbing Moscow's ambitions to expand its global gas trade, a senior industry official said.

OMV Warns Gazprom May Halt Gas Supplies

Austrian oil and gas group OMV said on Wednesday that gas supplies from Russia's Gazprom may be suspended in connection with a foreign court ruling, without identifying the case but assuring the market it would have replacement cover.

Canada Amends Trans Mountain Ownership Regulations to Facilitate Pipeline Sale to Indigenous Groups

Canada is amending regulations on how it manages the state-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups, according to an official government notice published on Wednesday.

U.S. to Close Northeast Gasoline Reserve with 1 Million-Barrel Sale

President Joe Biden's administration will sell nearly 1 million barrels of gasoline in the U.S.-managed stockpile in northeastern states as required by law, the Department of Energy said on Tuesday, effectively closing the near decade-old reserve.

Youth Climate Lawsuit Targets Alaska LNG Project

Eight young Alaska residents sued the state on Wednesday seeking to block a major natural gas project, the latest in a string of climate-change related lawsuits by youths arguing that government policies promoting fossil fuels violate their rights.

Mexican Developer Seeks Permit to Export U.S. Gas for LNG Production

Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River Energy plan to construct four LNG processing plants in Manzanillo on Mexico's Pacific coast to produce up to 4 MTPA of LNG, the company said.

Kinder Morgan Acquires Texas Oilfield to Leverage Carbon Tax Credits, Sources Say

U.S. pipeline operator Kinder Morgan has acquired oil and gas producing assets in West Texas and is planning to tap U.S. carbon capture incentives to increase output from the properties, according to people familiar with the matter.

Oil Executives Host Trump Fundraiser in Houston Amidst Fossil Fuel Policy Debate

The luncheon, which will be held at Houston’s Post Oak Hotel, is hosted by Harold Hamm, founder of Continental Resources; Kelcy Warren, executive chairman of Energy Transfer Partners; and Vicki Hollub, CEO of Occidental Petroleum, according to the invitation.

Contractor for QatarEnergy-Exxon LNG Plant in Texas Files for Bankruptcy

Zachry Holdings, which held the lion's share of the $10 billion construction project called Golden Pass LNG, said it was pursuing a "structured exit." Exxon said it would review construction timing and provide an update in the future.

U.S. Purchases 3.3 Million Barrels of Oil for Strategic Petroleum Reserve

The U.S. awarded contracts for the purchase of 3.3 million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after a massive sale from the stockpile in 2022, the Department of Energy said on Friday.

TC Energy to Appeal Delaware Court's $200 Million Liability Ruling in Columbia Pipeline Acquisition Lawsuit

TC Energy said it strongly disagrees with the final decision issued on May 15 by the Delaware Chancery Court, which allocated liability for previously determined damages in an ongoing class-action lawsuit related to its 2016 acquisition of Columbia Pipeline Group Inc.

FERC Seeks Emission Data Updates for Venture Global LNG's Calcasieu Pass 2 Project

U.S regulators asked LNG exporter Venture Global LNG to update its emissions analysis for its proposed Calcasieu Pass 2 LNG export project in Louisiana, according to a letter sent on Wednesday.

Proxy Adviser Urges Hess Shareholders to Accept Chevron Offer

Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.

WoodMac Analysis: Trump Presidency Could Halt $1 Trillion in Clean Energy Investment

A victory by Donald Trump in the Nov. 5 presidential election could jeopardize $1 trillion in low-carbon energy investments, with WoodMac's analysis predicting an additional 1 billion tonnes of carbon emissions by 2050 compared to current policies.

Republican Lawmakers Press Regulators to Expedite LNG Project Approvals

Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel.

Williams Confident Louisiana Gas Pipeline Project Won't Be Halted by Rival Energy Transfer's Bid

The two companies have been in dispute over Williams' Louisiana Energy Gateway (LEG) Project, under construction in Texas and Louisiana, after Energy Transfer pushed back on the line for crossing its own systems.

TC Energy Ordered by Canada's Energy Regulator to Further Reduce Pressure on Gas Pipeline

The Canada Energy Regulator has issued an order to TC Energy's NOVA Gas Transmission Ltd. to further reduce the operating pressure for the Grande Prairie Mainline gas pipeline near Edson, Alberta.

Federal Regulators Approve Venture Global's Repairs at Louisiana Plant

U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its heat recovery steam generator at its Calcasieu Pass LNG export plant in Louisiana and expects the work to be completed in the timeline promised by the exporter.

Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025

A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.

YPF Advances $2.5 Billion Pipeline Project to Spur Vaca Muerta Shale Oil Exports

YPF SA is advancing a $2.5-billion cross-country pipeline project to unlock the rich potential of the Vaca Muerta shale region, addressing the primary bottleneck hindering its full exploitation.

Savannah Energy Loses Legal Bid to Freeze Oil Pipeline Company's Accounts, Chad Government Says

The Paris Court of Arbitration has rejected a bid by Savannah Energy Plc to freeze COTCO oil pipeline company's accounts after Chad nationalized its upstream assets in the country, Chad's transitional government said on Monday.

Schumer Urges FTC to Halt $53 Billion Chevron-Hess Merger

U.S. Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp.'s proposed $53 billion acquisition of Hess Corp.

NextDecade Eyes Train 4 FID for Rio Grande LNG Phase 1 in Late 2024

NextDecade is advancing swiftly with its Rio Grande LNG Facility, as it eyes a significant milestone in the second half of 2024.

Mountain Valley Pipeline Repairs Leak, Proceeds with West Virginia-Virginia Gas Line Testing

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service.

Black & Veatch Completes Feasibility Study for Andes Energy LNG Terminal

Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a LNG regasification terminal and power plant located near the port city of Buenaventura on Colombia’s Pacific coast.

Trump Targets LNG Exports in Meeting with Oil CEOs, Promises Reversal of Biden Policies

Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.

Energy Transfer Eyes Draft Environmental Statement for Blue Marlin Project This Quarter

Pipeline operator Energy Transfer expects to receive a draft Environmental Impact Statement for its Blue Marlin offshore terminal this quarter, executives said on Wednesday during a quarterly earnings call.

DNV Releases New Standard for Hybrid Thermoplastic Composite Flexible Pipes

DNV has introduced its latest standard, DNV-ST-F207, for hybrid thermoplastic composite flexible pipes, addressing challenges faced by conventional risers in deepwater applications.

U.S. Looks to Rebuild Strategic Petroleum Reserve as Oil Prices Drop

A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the stockpile in 2022.