Feverish, centrally managed energy transition works against itself. The dash for energy-related response to climate change has slowed, and political resistance where it has occurred makes reacceleration doubtful. US lawmakers posturing over the Green New Deal should pay attention.
Venezuela President Hugo Chavez promoted Petrocaribe as a regional social improvement program in 2005 when he inaugurated it to sell Venezuelan crude oil at deep discounts to countries across Latin America that did not have their own production.
The US Environmental Protection Agency published a list of 40 chemicals on Mar. 20 that it intends to review and prioritize for risk evaluation under the amended Toxic Substances Control Act (TSCA). It said it was releasing the list to give the public opportunities to submit relevant information such as the uses, hazards, and exposure for these chemicals.
Resumption of oil and gas geological and geophysical (G&G) data gathering on the US Mid-Atlantic Outer Continental Shelf after more than 30 years would help advance scientific knowledge as well as identify and determine the value of potential resources there, US Bureau of Ocean Energy Management Acting Director Walter D. Cruikshank told one US House Natural Resources (HNR) subcommittee on Mar. 6.
US sanctions against Venezuelan state oil company Petroleos de Venezuela SA (PDVSA) will deal a meaningful blow to President Nicolas Maduro’s administration’s cashflow, but the effects will not be as harsh as the US expects, according to Rystad Energy.
The US government has imposed sanctions on Venezuela’s national oil company Petroleos de Venezuela SA (PDVSA) on Jan. 28 following a determination by US Treasury Sec. Steven Mnuchin, in consultation with US Sec. of State Mike Pompeo, that persons in PDVSA are plundering operations to smuggle drugs and otherwise increase their personal gain.
The innovative spirit that has created a much-improved US energy outlook in the last 10 years will be just as essential to keep it affordable while improving the environment in the future, three major trade association leaders suggested at the US Energy Association’s 2019 State of the Energy Industry Forum on Jan. 24.
The Trump administration is following through on its promise to reform federal regulations enacted during Barack Obama’s presidency that went too far, officials from leading US oil and gas associations told Oil & Gas Journal. But a prolonged partial government shutdown and tariffs or quotas on specialty steel imports could cloud the 2019 Washington Oil and Gas outlook, they warned.