Aimed

To the consternation of some environmental activists, the New Mexico Oil and Gas Association at the end of September took two steps aimed at revising a regulation for the handling of waste produced at drilling and production sites. The association alleges that the “pit rule” drives up costs and chases drilling rigs to other states.

To the consternation of some environmental activists, the New Mexico Oil and Gas Association at the end of September took two steps aimed at revising a regulation established in 2008 for the handling of waste produced at drilling and production sites. The association alleges that the “pit rule” drives up costs and chases drilling rigs to other states.

The Commodity Futures Trading Commission (CFTC) has postponed for the second time a vote on a controversial final rule aimed at curbing excessive speculation in the multi-trillion-dollar derivatives market.

Major producer groups have called on the Environmental Protection Agency (EPA) to give them more time to comment on the proposed rules aimed at reducing air pollution from oil and natural gas operations.

The Commodity Futures Trading Commission (CFTC) has postponed for the second time a vote on a controversial final rule aimed at curbing excessive speculation in the multi-trillion-dollar derivatives market.

The California Energy Commission (CEC) last Friday announced allocating $29.6 million collectively to seven separate research and demonstration projects aimed at developing cleaner transportation fuels through applications of natural gas and biofuels.

Congressional Republicans are facing mounting pressure from the White House to rescind oil and natural gas tax breaks in a deal aimed at reducing the federal deficit and raising the debt ceiling. Producers say they plan to fight to retain the tax breaks, but they concede that it won’t be easy if the repeal of industry tax deductions is part of a “grand bargain” to cut the deficit.

Congressional Republicans are facing mounting pressure from the White House to rescind oil and natural gas tax breaks in a deal aimed at reducing the federal deficit. Producers say they plan to fight to retain the tax breaks, but they concede that it won’t be easy if the repeal of industry tax deductions is part of a “grand bargain” to cut the deficit.

Sen. Murkowski (R-AK) Thursday introduced legislation aimed at preventing offshore Alaska oil and gas projects from being held up or killed in the Environmental Protection Agency’s (EPA) internal appeals process.