Jaxon
Caines
Hart Energy
US Customs Rules New Fortress’ FLNG Facility Does Not Violate Jones Act
New Fortress Energy’s FLNG facility offshore Mexico can now sell and deliver LNG to U.S. locations.
BOEM Adjusts Monetary Penalties for Oil, Gas Companies
BOEM’s adjustment is based on a 2015 act that requires annual inflation adjustments.
BOEM Finalizes Revisions to OCS Bid Adequacy Process
Among the key revisions, BOEM has implemented a lower bound confidence interval approach to asses bid adequacy.
Battalion Oil Non-compliant with NYSE American
Battalion Oil expects to soon regain compliance with NYSE American’s continued listing standards following the annual meeting of stockholders in February.
The Latest
Pemex to Remain Fiscally Challenged for Mexico’s Next President
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
US Could Release More SPR Oil to Keep Gas Prices Low, Senior White House Adviser Says
White House senior adviser John Podesta stopped short of saying there would be a release from the Strategic Petroleum Reserve any time soon at an industry conference on April 16.
Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
U.S. Treasury Secretary Janet Yellen intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel.
US Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
The Biden administration holds out little hope that Maduro will make enough concessions before the April 18 deadline to satisfy U.S. demands.
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
What's Affecting Oil Prices This Week? (April 15, 2024)
While concerns about the stability of oil supply are increasing, Stratas Advisors does not expect oil supply to be disrupted – unless there is further escalation in the Middle East.
Exclusive: Tenaris’ Zanotti: Pipes are a ‘Matter of National Security’
COVID-19 showed the world that long supply chains are not reliable, and that if oil is a matter of U.S. national security, then in turn, so is pipe, said Luca Zanotti, U.S. president for steel pipe manufacturer Tenaris at CERAWeek by S&P Global.
Texas Earthquake Could Further Restrict Oil Companies' Saltwater Disposal Options
The quake was the largest yet in the Stanton Seismic Response Area in the Permian Basin, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production.
US Finalizes Big Reforms to Federal Oil, Gas Drilling
Under the new policy, drilling is limited in wildlife and cultural areas and oil and gas companies will pay higher bonding rates to cover the cost of plugging abandoned oil and gas wells, among other higher rates and costs.
The Jones Act: An Old Law on a Voyage to Nowhere
Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.