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Trump Administration Cuts Royalty Rates for Oil and Gas Companies
June 4, 2020
The Trump administration has started giving energy companies temporary breaks on royalties and rent they pay to extract oil and gas from leases on public lands because of the coronavirus pandemic. Colorado is among states generating substantial amounts of revenue
NOIA Releases New Report on Gulf of Mexico Oil & Gas Economic Impacts
June 4, 2020
The National Ocean Industries Association (NOIA) released the study, The Economic Impacts of the Gulf of Mexico Oil & Natural Gas Industry. Prepared by Energy & Industrial Advisory Partners (EIAP), the report examines the economic impact of the Gulf of
Gas and Oil Drilling in National Forests May Expand Under Rule Plan
June 4, 2020
A proposed U.S. Forest Service could possibly give the Interior Department more sway over land leasing decisions, legal analysts and conservationists say. The rulemaking, announced in 2018, aims to align the Forest Service’s leasing practices with those of the Bureau
Montana Federal Judge Upholds Ban on Permitting Process Affecting Atlantic Coast Pipeline
June 4, 2020
A federal judge has declined to lift his temporary ban on a permitting process for the crossing of streams and wetlands by oil and natural gas pipelines, including the Atlantic Coast Pipeline. In an order last week, Montana U.S. District
EPA’s New Rule Limits States’ Ability to Regulate Pipelines Under Clean Water Act
June 3, 2020
A new EPA rule reverses 50 years of practice under the Clean Water Act by diminishing a state’s ability to reject large energy infrastructure projects like interstate pipelines. It requires states to make decisions within a year on water quality
U.S. Crude Imports Soar as Oil-laden Saudi Tankers Begin to Unload
June 3, 2020
While the Saudi-Russian price war might have been on hold since the early-April Opec+ deal to slash global output, the repercussions of the short-lived production binge have now sailed their way into the US market. Before Riyadh and Moscow settled
HollyFrontier to Convert Cheyenne Refinery to Renewable Diesel Production, Wyoming
June 3, 2020
HollyFrontier, a petroleum refiner and marketer, has announced plans to convert its Cheyenne Refinery to renewable diesel production. The firm is also planning to build a pre-treatment unit (PTU) at the Artesia Refinery that will process more than 80 percent
East Coast Gas Pipeline Developer Puts Brake on $1 Billion Project
June 3, 2020
A three-year dispute over the $1-billion Transco natural gas pipeline could be over. Project developer Williams Cos. said on May 18 it would not refile applications “at this time” for the proposed 23-mile underwater line across Raritan Bay and New
Judge Throws Out 440 Oil and Gas Leases Over Sage Grouse Violations, Montana
June 3, 2020
A federal court in Montana invalidated 440 oil and gas leases sold across the West, ruling Friday the Trump administration did not properly follow a plan to protect sage grouse habitat. U.S. District Court Judge Brian Morris said the Bureau
Oil Prices Rise Ahead of OPEC+ Meeting on Output Cuts
June 2, 2020
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week. Benchmark Brent crude rose 2.5 percent, or 99 cents,
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