Monday, May 20, 2019

Trump Administration News

Trump Administration to Revise Offshore Safety Rules

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The Trump administration will unveil on Thursday its final plan to roll back offshore drilling safety measures put in place by the Obama administration after the fatal 2010 BP Deepwater Horizon oil spill, the worst in U.S. history, raising…

Trump Administration Sidelines Offshore Drilling Plan

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The Trump administration will hold off on issuing its plan to expand offshore drilling as it weighs what to do after a March court ruling that blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt told The Wall Street Journal.The newly confirmed secretary said the agen

VT Halter Wins Historic $746m CG Contract

VT Halter in Pascagoula, MS, won a $746m contract to build the U.S. Coast Guard's lead Polar Security Cutter. Photo: VT Halter.

VT Halter Marine of Pascagoula, MS has emerged the victor in one of the most prized and coveted shipbuilding contracts in recent memory, a $746m deal to build the Coast Guard's lead Polar Security Cutter. If two additional ship options are exercised, the total deal could approach $2B.The U.S.

U.S. FERC Approves Two New LNG Export Terminals

Chenier's Sabine Pass LNG Facility (CREDIT: Cheniere)

The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved construction of two proposed liquefied natural gas (LNG) export terminals, Tellurian Inc's Driftwood in Louisiana and Sempra Energy's Port Arthur in Texas.Tellurian…

US Lease Sale a Test for Drilling Demand

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flyingrussian / Adobe Stock

The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region.The outcome of the lease…

Rising US Oil Clout on Show in Houston

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A glance at the attendee list at one of the world's largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics.Present: top U.S. diplomat Mike Pompeo.

Senate Confirms Wheeler to lead EPA

The U.S. Senate on Thursday confirmed President Donald Trump's candidate, a former coal lobbyist, to lead the nation's top environmental regulator, infuriating Democrats and conservation groups who said his policies were endangering public…

Seismic Surveys Delayed in US Arctic

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There will be no seismic exploration this winter on the coastal plain of the Arctic National Wildlife Refuge, the Interior Department said on Friday, after the company seeking permission to conduct the tests ran out of time to get the required…

Tankers with Venezuelan Oil Collect off US

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A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay, according to traders…

Record Year for US Wind Energy

Image: Bureau of Ocean Energy Management

American utilities signed contracts for 4,304 megawatts (MW) of wind power in 2018 that, when combined with non-utility purchases, reached the highest level on record for overall Power Purchase Agreements (PPA) activity with 8,507 MW in 2018.In total…

Government Shutdown: Atlantic Seismic Permitting Blocked by Judge

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A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda.Judge Richard Gergel of the U.S.

Barclays Rejects Arctic Drilling

Image: NERC

U.K.-based international bank Barclays  announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy  rules out funding for companies seeking to…

US Working on Arctic Oil Leases Despite Shutdown

(Image: Alaska BLM)

Even as a partial shutdown halts the functions of many U.S. government departments, forcing the Department of the Interior to close national parks, the Trump administration is continuing to push for the expansion of oil drilling on sensitive…

Shutdown Risks Delays to US Energy Initiatives

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The partial government shutdown is increasing the chances of delays in U.S. energy initiatives from the release of President Donald Trump's proposed offshore drilling plan to allowing higher levels of ethanol in gasoline during summer months, energy industry groups said on Friday.The U.S.

Oil Slips Back Toward 18-month Lows

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Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices.Brent crude oil dropped $1.67 a barrel, or 3.1 percent,…

DOE Streamlines LNG Export Requirements

Image: Department of Energy

The U.S. Department of Energy (DOE) would now only require U.S. LNG exporters to report the country or countries of LNG deliveries, not country of end-use, to satisfy the DOE’s destination reporting requirement.Further, DOE announced additional…

Sempra Energy's Port Arthur LNG in Pact with PGNiG

Image: Sempra Energy

Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur…

Europeans Sweep Record US Offshore Wind Auction

(Image: BOEM)

A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau…

Crude Oil Inventory Update

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Crude inventory build has reared its head again. And fears of an oil glut returning have sent oil prices south.According to the International Energy Agency (IEA), OECD oil stocks increased by 58.1 million barrels in Q3 2018, the largest gain since 2015.

Upset by Trump's Iran Waivers, Saudis Push for Deep Oil Output Cut

File Image: Adobestock / © Mikesjc

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.But Saudi Arabia did not receive advance warning when…