Regulatory – Page 78 – Oil & Gas 360

Community Control Ballot Initiative Dies from Lack of Signatures in Colorado, Governor Abandons Compromise Bill Push

July 16, 2014

A ballot initiative that would have given communities the power to regulate local oil and gas operations was pulled Monday for a lack of supporting signatures, according to a report by the Denver Post Tuesday. “Initiative 75 would have added the so-called Community Rights Amendment to the state constitution, but to get it on the ballot required 86,105 valid signatures

Jones Act Changes Could Limit LNG’s Export Effect

July 14, 2014

The Jones Act is the nickname for a 94-year-old law entitled the Merchant Marine Act of 1920 that allows only U.S.-made, U.S.-manned, and U.S.-flagged ships to transfer goods or passengers between U.S. ports. Although it was meant to protect domestic U.S. seaborne commerce from foreign competition, in today’s global economy, it has the effect of making shipping oil between U.S. ports,

Keystone XL: 2,119 Days and Counting

July 9, 2014

20,000 U.S. Jobs, $7B Project Stuck in Limbo As of July 9, the Keystone Project has been studied for 2,119 days, according to the House Energy and Commerce Committee. No other pipeline has taken so long to gain approval. On July 8, 44 diverse organizations, from businesses to labor unions, sent a letter supporting the speedy approval of TransCanada’s Keystone

Coal to Gas: China and U.S. to Share Energy Technologies

July 9, 2014

In the context of a new climate change summit in Beijing, the U.S. and China have signed eight partnership pacts to promote the exchange of research and technology for greenhouse gas-cutting initiatives, the International Business Times reported. “In one of the agreements, China’s Huaneng Clean Energy Research Institute, a subsidiary of the state-owned utility China Huaneng Group (ticker: HNGZ:CH), agreed

Will Hickenlooper or Beauprez Lead Colorado?

July 1, 2014

Former U.S. Congressman Bob Beauprez won Colorado’s Republican gubernatorial nomination with 31% of Republican votes. In November, Beauprez will challenge Democrat incumbent Governor John Hickenlooper to become the state’s chief executive. How do the two candidates compare — on paper? Born in Lafayette, Colorado on September 22, 1948, Beauprez grew up on his family’s dairy farm. He majored in physical

Booming D-J Has Voters, Politicians, Oil & Gas Companies Bracing for New Regulations

June 30, 2014

Public sentiment about hydraulic fracture stimulation (fracing) and other aspects of oil and gas exploration and production in Colorado has generated a lot of sentiment in recent months. A variety of Colorado municipalities want to institute local rules, ballot initiatives have been proposed, signatures are being collected, Congressman Jared Polis and Governor John Hickenlooper have weighed in, some local bans

Supreme Court Supports the Constitution but the EPA Retains Its Power to Curb Carbon Emissions

June 24, 2014

On Monday, June 23, the Supreme Court ruled against the Environmental Protection Agency’s (EPA) expansion of authority for the first time in years. The case was Utility Air Regulatory Group v. Environmental Protection Agency et al. A major part of the case was the EPA’s attempt to bypass Congressional support for any regulations it might want to pass. Justice Scalia

What the EPA’s Clean Power Plan Means for the Oil & Gas Industry

June 11, 2014

On June 2, 2014, the Environmental Protection Agency (EPA) moved to the second phase of its Clean Power Plan. According to the EPA, the Plan “cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States. Today’s proposal will protect public health, move the United States toward a cleaner environment and fight climate change

Federal Reserve Keeps Credit Ratings, Economy in Limbo as Oil & Gas Pushes Onward

April 15, 2014

March Madness may be recognized as the most exhilarating tournament in sports, but spectators simultaneously viewing the stock market with the Federal Reserve news conference on March 19, 2014, were treated to a roller coaster ride of their own. The market hung on every word spoken during Fed Chairwoman Janet Yellen’s debut until the organization insisted it will maintain the

Mexico’s Oil Industry Update: Will Privatization Reverse Downward Trends?

April 10, 2014

Petróleos Mexicanos, or Pemex, is Mexico’s sole producer of crude oil, natural gas and refined products. The company provides Mexico with one-third of government income and was the ninth largest oil producer in the world in 2012. The oil and gas industry in Mexico has been nationalized since 1938, but production has declined every year since 2004 (24% overall). However,

Magellan Petroleum’s CO2 Injection Project in the Williston is Underway; Results Expected by Q4’14

April 2, 2014

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK. The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO2-EOR) program at Poplar Dome in eastern Montana. The Poplar, acquired by Magellan in 2009, is the largest geologic structure in the western

Acorn Energy Builds Backlog, Finding Niche in Microseismic Market

March 19, 2014

Acorn Energy Inc. (ticker: ACFN) is a holding company whose four portfolio companies help their customers achieve greater productivity, reliability, security, and efficiency-factors which can lead to greater profitability. US Seismic supplies fiber optic sensing solutions to increase oil/gas production and lower costs. DSIT provides security solutions from underwater threats to naval and marine based energy assets. GridSense® and OmniMetrix™

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