Regulation

US Senate Confirms Scott Pruitt As EPA Head

Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.

2017/02/17

MPLX Files With FERC To Expand Ozark Pipeline

MPLX is an MLP formed in 2012 by Marathon Petroleum Corp. (NYSE: MPC), according to its website. In 2015, it bought MarkWest Energy Partners, a deal that made it the fourth-largest MLP by market value in the U.S., Reuters reported.

2017/02/17

Update: FTC Approves Enbridge, Spectra Merger With Conditions

The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.

2017/02/17

TransCanada Files Keystone XL Route Application In Nebraska

TransCanada filed an application with Nebraska authorities on Feb. 16 to route its Keystone XL Pipeline through the state, after U.S. President Donald Trump cleared the way for the project last month.

2017/02/16

Trump Reportedly Preparing Executive Orders To Reshape EPA

EPA staff have been told that President Donald Trump is preparing a handful of executive orders to reshape the agency, to be signed, sources told Reuters on Feb. 15.

2017/02/15

Update: Judge Denies Request To Block Dakota Access' Final Link

Lawyers for the Cheyenne River Sioux and the Standing Rock Sioux will urge a judge to block construction of the Dakota Access project with a temporary restraining order.

2017/02/13

Report: Malaysia's Petronas Could Relocate Pacific NorthWest LNG Project

Petronas holds a majority stake in the project, which has received criticism from environmental groups and aboriginal communities who say it will increase greenhouse-gas emissions and destroy a critical salmon habitat, Reuters reported.

2017/02/13

DOE: 10 Million Strategic Petroleum Reserve Barrels Will Be Sold In February

This will be the second sale of oil from the emergency stash in 2017--in January., Shell bought 6.2 MMbbl from the reserve and Phillips 66 bought 200 Mbbl, Reuters reported.

2017/02/09

Morocco Crude Cargo Lawsuit Affects BP Oil Trading's 4Q 2016

Across 2016, BP's overall energy trading business was profitable, CFO Brian Gilvary said, adding that its gas trading desk had a "good result" in the fourth quarter, Reuters reported.

2017/02/07

Oil Benchmark Futures Play Returns As US Debates Import Tax

Oil investors are again betting heavily on the price difference between two global benchmarks—Brent and WTI—due to a push in Washington to impose a controversial import tax.

2017/02/07

Report: Final Permit For DAPL Could Be Granted By February 10

If the easement is granted, oil can start crossing under the lake, a reservoir that is part of the Missouri River, as soon as 60 days after construction starts, Reuters reported. 

2017/02/06

FERC Approves Construction Of Northern Access 2016 Project

Once completed, the Northern Access Project will provide 490,000 dekatherms per day of incremental firm transportation capacity on Supply. Of that, 140,000 dekatherms per day will be delivered to the Tennessee Gas Pipeline 200 Line.

2017/02/06

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