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Chinese regulators approve Sinopec’s plan for grassroots refinery

China’s National Development and Reform Commission (NDRC) has approved Sinopec Beijing Yanshan Petrochemical Co. Ltd., a subsidiary of China National Petroleum Corp. (Sinopec), to proceed with its plans to build a grassroots refinery in Caofeidian Industrial Zone, Tangshan, Hebei Province, China.

BOEM schedules public meetings about draft proposed 5-year OCS plan

The US Bureau of Ocean Energy Management will hold the first of 20 public meetings in Washington on Feb. 9 to receive public comments on potential environmental impacts of the draft proposed 2017-22 5-year US Outer Continental Shelf Oil and Gas Leasing Program. The US Department of the Interior and BOEM released the draft on Jan. 27.

US Senate passes bill approving Keystone XL pipeline project

The US Senate has passed a bill approving construction of the proposed Keystone XL crude oil pipeline by a 62-36 vote after 3 weeks of debate. Nine Democrats joined 53 Republicans in the affirmative.

DOI's 2017-22 draft proposed OCS program includes Mid-Atlantic sale

The US Department of the Interior released a draft proposed 2017-22 Outer Continental Shelf management program that included 14 potential oil and gas lease sales in 8 planning areas, including one off South and Mid-Atlantic coastal states.

The budget vision

Just because the budget proposed for fiscal 2016 by President Barack Obama mimics six predecessors in its treatment of oil and gas and again has no hope for congressional approval, the document merits concern.

Congressional Republicans renew bid to halt sue-and-settle maneuvers

Calling it an affront to regulatory accountability that results in unchecked compliance burdens, US Sen. Charles E. Grassley (R-Iowa) and US Rep. Doug Collins (R-Ga.) reintroduced bills to keep federal agencies from privately negotiating consent decrees or settlements of legal actions without including potentially affected parties.

Oil-price collapse may aggravate producing nations’ other problems

The recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing nations, speakers suggested during a Feb. 4 discussion at the Woodrow Wilson International Center for Scholars.

Goodlatte reintroduces bills to repeal, reform RFS

Calling it “a true ‘kitchen table’ issue,” US Rep. Bob Goodlatte (R-Va.) reintroduced a pair of bills to address problems in the federal Renewable Fuels Standard. HR 703 would eliminate the RFS outright, while HR 704 would end the RFS’s corn-based ethanol quotas and bar the US Environmental Protection Agency administrator from approving introduction of gasoline with more than 10% ethanol.

Alberta’s premier seeks more North American energy integration

Better policy integration and cooperation will be needed for Canada, Mexico, and the US to fully realize the North American energy renaissance’s potential, Alberta Premier Jim Prentice said. Unfortunately, trends are leading more toward fragmentation and confrontation, he warned.

Oil, gas infrastructure investments essential, House panel told

Investments in oil and gas transportation and storage should move ahead because they are essential in continuing the US economic recovery and North American energy renaissance, witnesses told a US House Transportation and Infrastructure subcommittee.

EPA suggests DOS reconsider Keystone XL climate impact conclusions

The US Department of State might want to reconsider its conclusions regarding potential climate impacts from the proposed Keystone XL crude oil pipeline because crude oil prices have fallen so dramatically, a US Environmental Protection Agency official suggested.

Obama’s proposed fiscal 2016 budget recycles oil tax increases

US President Barack Obama has proposed his federal budget for fiscal 2016 that he said was designed to help a beleaguered middle class take advantage of a strong economic recovery. It also included proposals from previous years to close what the administration considers oil and gas tax loopholes and the industry regards as necessary provisions to offset ongoing business expenses.

So much for cooperation

Congressional majority leaders and the Obama administration came into 2015 pledging to at least try to be less combative and more cooperative in running the federal government.

Woodside gets NEB approval for British Columbia LNG exports

Woodside Energy Holdings Pty. Ltd. has received approval from Canada’s National Energy Board on its application for a 25-year natural gas export license with a maximum term quantity of 807 billion cu m, plus or minus 15%. Exports would leave a proposed LNG liquefaction plant near Grassy Point, north of Prince Rupert, BC.

Data refute Lew's claims about taxes paid by producers

On the subject of taxation, administration officials count on the public to believe anything.

Market Connections

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Kuwait Institute for Scientific Research Now hiring

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