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BPC report examines possible options to reform RFS

The Bipartisan Policy Center issued a report outlining 40 possible options for reforming the federal Renewable Fuels Standard in an effort to move discussion of the controversial program beyond simply preserving or scrapping it.

BOEM raises offshore oil spill liability limit to $134 million

The US Bureau of Ocean Energy Management increased the liability limit for oil-spill related damages from offshore operations to $134 million from $75 million. The change will go into effect in January 2015.

BP could be fined up to $13.7 billion for Macondo spill

The US District Court for the Eastern District of Louisiana ruled under Phase 2 of the MDL 2179 civil trial that 3.19 million bbl of oil were discharged into the Gulf of Mexico during the Macondo deepwater well incident in 2010. BP PLC previously was found negligent in the spill.

Loopy over gasoline

Americans turn loopy over gasoline. They throw tantrums when gasoline prices climb enough to hurt. If federal mandates accurately express their thinking about the fuel, they'd rather burn food. And when gasoline prices sink they become incoherent.

EPA proposes amendments to oil-spill contingency requirements

The US Environmental Protection Agency proposed amendments to federal requirements covering responses to crude-oil spills. Comments will be accepted for 90 days following the proposal’s publication in the Federal Register.

Gazprom Neft receives two Arctic Shelf exploration licenses

Gazpromneft Sakhalin, a subsidiary of JSC Gazprom Neft, has been awarded subsoil-use rights to the Severo-Zapadniy block on the Pechora Sea shelf and the Heysovskiy block on the Barents Sea shelf.

Harvest seeks arbitration against Venezuela

Harvest Natural Resources Inc., Houston, is seeking international arbitration against Venezuela, alleging the country’s government has thwarted efforts to sell its interest there.

Eni acquires deepwater blocks offshore Egypt

Eni SPA will resume exploration offshore Egypt under concession agreements based on production sharing it has signed covering two deepwater blocks offered in Egyptian Natural Gas Holding Co.’s 2013 bid round.

Conoco’s Lance calls for repeal of US crude oil export ban

The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the US oil and gas renaissance continues, ConocoPhillips Chief Executive Officer Ryan Lance said.

White House orders steps to curb oil and gas methane emissions

The Obama administration set a new goal to cut methane emissions from the oil and gas sector from 2012 levels by 40–45% by 2025, and a set of actions to put the US on a path to achieve this goal. Trade associations across the industry reiterated earlier statements that regulations would try to solve problems which already are being addressed.

Mexico infrastructure seen as inadequate for future demand

Mexico needs to expand its midstream and pipeline systems to handle anticipated future demand as the nation reforms its energy policy and opens oil and gas development to foreign investors, Georgina Kessel, Mexico’s former secretary of energy, told a Mayer Brown LLP breakfast in Houston on Jan. 14.

API forms midstream department to address transportation system issues

The American Petroleum Institute has formed a midstream department to address issues related to energy systems and the transportation of crude oil and natural gas.

Obama makes Alaska's Bristol Bay off-limits for oil, gas activity

US President Barack Obama placed Bristol Bay off-limits for future oil and gas leasing, extending a temporary withdrawal he imposed in 2010 that was due to expire in 2017.

Watching Government: This year's 'infrastructure' matters

In one of the busiest Decembers ever for oil and gas in the nation's capital, one word-infrastructure-kept popping up as a key challenge for 2015.

Barrasso, Heinrich introduce bill to increase LNG exports

US Sens. John A. Barrasso (R-Wyo.) and Martin Heinrich (D-NM) introduced the 114th Congress's first legislation aimed at increasing US exports of LNG.

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