Archive for the ‘Government’ Category
US Transportation Sec. Elaine L. Chao submitted a legislative proposal to Congress on June 3 that would reauthorize safety programs at the US Pipeline and Hazardous Materials Safety Administration (PHMSA) from fiscal 2020 through 2023. It also would st…
UK seeks faster offshore issue settlement
June 4th, 2019 by Latest News
UK regulators will increase pressure on offshore operators and equipment owners to settle issues impeding progress toward the government’s goals of maximizing economic recovery. In a June 4 letter to license holders and infrastructure owners, Oil and G…
UK offers 37 licenses in offshore round
June 4th, 2019 by Latest News
Thirty companies, some of them in groups, have received offers for the award of 37 licenses covering 141 blocks in the UK’s 31st offshore licensing round. The frontier areas are in the Faroe-Shetland basin, Moray Firth, East Irish Sea, East Shetland Pl…
The Western Australian Environmental Protection Authority (WAEPA) has recommended environmental approval for the proposed natural gas pipeline interconnector between the Pluto and North West Shelf LNG plants on the Burrup Peninsula.
Light, sweet oil for July delivery dropped to settle below $53/bbl on the New York market June 3 while the Brent contract for July dropped to under $67/bbl in London. Oil prices continued falling in early trading June 4 on concerns about slowing oil de…
ESAI: Tariff on Mexican crude could be resolved
June 3rd, 2019 by Latest News
US President Donald Trump announced that he would impose a 5-25% tariff on all Mexican goods. There are ways to avoid the tariff on imports of Mexican crude oil, but at this point it is unclear whether those will succeed, according to an analysis from …
MARKET WATCH: NYMEX prices fall amid tariff woes
June 3rd, 2019 by Latest News
Front-month prices for light, sweet oil for July and August delivery fell more than $3 to settle below $54/bbl on the New York market May 31 while Brent prices for the August delivery contract also dropped more than $3 to below $62/bbl amid additional …
ESAI: Russian oil production set to recover
May 31st, 2019 by Latest News
Russian production fell by 170,000 b/d from April to May as the disruption to oil exports caused output to fall to 60,000 b/d less than the production-cut commitment. The last hurdle is restoring 750,000 b/d via the northern leg of Druzhba.
A final rule signed May 31 by US Environmental Protection Agency Administrator Andrew R. Wheeler that waives summertime Reid Vapor Pressure limits and allows year-round sales of gasoline with a 15% ethanol blend was met with disappointment by refiners …
EPA issues temporary emergency fuel waivers
May 31st, 2019 by Latest News
The US Environmental Protection Agency issued emergency fuel waivers for Allegheny County, Pa., to ensure that fuel supplies remain adequate following damage to a pipeline that supplies the area.