BLM issues drilling permit for ConocoPhillips project within NPR-A
WASHINGTON, DC, Oct. 22 10/22/2015 By Nick Snow OGJ Washington Editor This story was updated with comments on Oct. 23. The US Bureau of Land Management approved a drilling permit and offered a right-of-way grant for ConocoPhillips Alaska Inc.’s proposed Greater Mooses Tooth Unit within the National Petroleum Reserve-Alaska. The action opens the way for the first production... Read More
US House approves bill to repeal crude-oil export ban
The US House approved, by a 261-159 vote, a bill to repeal a 40-year ban on exporting domestically produced crude oil. Balloting ran largely along party lines as 235 Republicans supported HR 702 and 153 Democrats opposed it. The vote came days after the White House announced that the measure would be vetoed if it... Read More
API: US petroleum demand rose in August to 5-year highs
HOUSTON, Sept. 18 09/18/2015 By OGJ editors Total US petroleum deliveries, a measure of demand, increased 0.8% from August 2014 to average 19.6 million b/d last month, recording the highest August deliveries in 5 years, according to the American Petroleum Institute’s monthly statistics for August. “US crude oil and gasoline production soared to record highs in... Read More
US House poised to approve crude export ban repeal, bill’s sponsors say
WASHINGTON, DC, Sept. 10 09/10/2015 By Nick Snow OGJ Washington Editor The US House is likely to move quickly and approve legislation repealing a 40-year-old ban on exports of domestically produced crude oil, Reps. Joe Barton (R-Tex.) and Henry Cuellar (D-Tex.) said shortly before an Energy and Commerce Committee subcommittee began marking up their bill. “This is a... Read More
US reportedly will begin limited crude oil swaps with Mexico
WASHINGTON, DC, Aug. 14 08/14/2015 By Nick Snow OGJ Washington Editor The Obama administration will begin to allow limited US crude oil swaps with Mexico, multiple news organizations reported. The US Department of Commerce is “acting favorably on a number of applications” to export US crude in exchange for imported Mexican oil, Reuters quoted an... Read More