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DOE okays Freeport to start LNG exports to non-FTA countries

May 17, 2013

The US Department of Energy conditionally approved Freeport LNG’s request to export domestically produced LNG from its Quintana Island, Tex., terminal to countries that do not have a free trade agreement with the US.

Corker-Manchin bill aims to correct unintended RFS subsidy

May 17, 2013

US Sens. Bob Corker (R-Tenn.) and Joe Manchin (D-W.Va.) introduced legislation on May 16 aimed at correcting what they said was unintentional subsidization of foreign ethanol imports under the federal Renewable Fuels Standard.

Arctic nations adopt marine oil pollution preparedness agreement

May 17, 2013

The world’s Arctic nations formally agreed to cooperate on marine oil pollution preparedness and response at the Arctic Council’s May 15 meeting in Kiruna, Sweden.

MARKET WATCH: Oil prices continue climbing as gas price drops

May 17, 2013

Oil prices continued rising with the front-month crude contract up 0.9% in the New York futures market May 16 despite a report from the US Department of Labor showing a rise in claims for unemployment benefits, stimulating worries about economic recovery.

DOI releases revised proposal to regulate hydraulic fracturing

May 17, 2013

The US Department of the Interior released a revised proposal to regulate hydraulic fracturing on public and Indian lands that it said would maintain important safety standards, improve integration with existing state and tribal rules, and increase flexibility for oil and gas producers.

Bill aims to protect states' shares of federal royalties

May 16, 2013

US Rep. Cynthia Lummis (R-Wyo.) introduced legislation to ensure states that normally receive half of federal onshore oil and gas royalties under the Mineral Leasing Act actually receive the money.

BLM seeks comments on Devon's proposed Horseshoe basin project

May 16, 2013

The US Bureau of Land Management’s Rock Springs, Wyo., field office began a 30-day public scoping period on May 6 before it prepares an environmental assessment of Devon Energy Production Co. LP’s proposal to develop up to 20 new oil and gas wells within the Horseshoe basin unit.

MARKET WATCH: Crude barely breaks losing streak

May 16, 2013

Front-month crude managed a minimal gain May 15 after four sessions of price declines in the New York market. Natural gas continued its increase, up 1%.

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