House greenlights Keystone, Nebraska Supreme Court lets legislation allowing pipeline stand With the House of Representatives passing legislation on TransCanada’s (ticker: TRP) Keystone XL pipeline for the tenth time in three years, and the Nebraska Supreme Court removing legal roadblocks to the pipeline, the stage is now set for a vote on a similar Keystone bill in the Senate. The measure passed with
“LNG Permitting Certainty and Transparency Act” set to expedite LNG exports Senators John Barrasso (R-WY) and Martin Heinrich (D-NM) introduced a bipartisan bill to Congress this week that will help to speed up approval times for liquid natural gas (LNG) exports to countries that do not have a free trade agreement with the U.S. The legislation specifically requires the Secretary
Effects from the oil price slide are being celebrated by the average American consumer. AAA reports Americans may save as much as $75 billion in fuel costs in 2015, or $550 per household, which amounts to the lowest in more than a decade. Oxford Economics projects United States GDP will increase by roughly 0.7% in the new oil environment, while
As the new Congress comes to session, one of the first items on the agenda is the Keystone XL Pipeline Obama Veto to Follow Passage: White House Incoming Energy and Commerce Committee member Rep. Kevin Cramer (R-ND) has authored legislation to authorize construction of the Keystone XL Pipeline that will go before the U.S. House of Representatives Friday for a
What to Expect Before You Begin Drilling 500 Feet from a Group of Million Dollar Homes Colorado’s Oil & Gas Task Force Offers Oil & Gas Operators, Local Homeowners Some Preliminary Solutions Drilling the Niobrara was a check-the-box kind of routine for most of the oil companies operating in northern Colorado for the past 50 years. Secure the leases, file the forms, get your
Representative Joe Barton (R-Tex) introduced a bill yesterday that would remove restrictions on crude oil exports from the United States. The bill plans to “remove all restrictions on the export of crude oil, which will provide domestic economic benefits, enhanced energy security, and flexibility in foreign diplomacy,” according to the bill’s text. “The shale revolution has drastically reshaped America’s energy
Coal plants are facing a series of EPA regulations that are requiring owners to invest in pollution controls or shutter aging plants. The new standards apply to about 1,400 coal and oil-fired generating units at 600 power plants, reports Bloomberg. Following an April decision from the U.S. Court of Appeals for the District of Columbia Circuit to uphold the Environmental
The hydraulic fracturing dispute continues in one of the U.S. battleground states Colorado has played host to numerous standoffs involving hydraulic fracturing and its practices. Even though ballot initiatives were dropped in August, the debate of fracing continues on a smaller level in the many communities throughout the state. The political environment has begun to sway in favor of the
Reports this week indicated that Germany might be modifying its fracing laws to make it possible for companies to drill for shale gas. Many hoped that the German government might lift its ban on fracing at depths shallower than 3,000 meters (9,800ft). While the government has said that they plan to review the process closely, they will not ban the
Bills Would Change How the EPA Operates The U.S. House of Representatives today voted to pass H.R. 4795, the Promoting New Manufacturing Act, with a vote of 238-172. The bill is set to help cut red tape associated with building new factories that use natural gas by reducing permitting delays, ensuring the EPA provides timely guidance about how to comply
“President has the best interests of the EPA in mind” After mid-term elections that saw the Senate change hands from the Democrats to the Republicans and increased the GOP’s representation in the House, many in the GOP are saying the American people have spoken out loud and clear against President Obama’s political agenda, including initiatives about climate. Sen. James Inhofe
Earlier this year, the U.S. and the E.U. began a sanction regime against Russia in response to the ongoing crisis in Ukraine. The sanctions are being used to target specific industries in the Russian economy, particularly oil and gas, the defense industry and the banking sector. Some companies, such as Russia’s oil company Rosneft (ticker: ROSN), have hired lobbyists to
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