The U.S. Securities and Exchange Commission (SEC) is facing pushback across the energy sector after issuing a draft rule that could require public companies to disclose more information about their emissions and their strategies. In a 3-1 decision earlier this week, the SEC voted to propose a groundbreaking rule that would force companies to intimate…
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API Updates Emissions Guide to Progress ‘Climate Solutions’ by Oil, Natural Gas Industry
The American Petroleum Institute (API) has updated its 20-year-old “foundational reference” for oil and natural gas operators to use in reporting greenhouse gas (GHG) emissions The newly unveiled fourth edition of the Compendium of GHG Emissions Methodologies for the Natural Gas and Oil Industry includes expanded methodologies for liquefied natural gas, as well as carbon…
API, Energy Trade Groups Sue to End Oil and Gas Leasing Pause on Federal Lands, Waters
A consortium of oil and gas industry groups said Monday they had sued the U.S. Department of the Interior (DOI) to reverse its decision this year to indefinitely freeze oil and natural gas leasing on federal lands and waters. In the lawsuit filed in the U.S. District Court for the Western District of Louisiana, the…
Legal Battles Loom as Biden Order Pauses Federal Oil, Natural Gas Leasing
The U.S. oil and gas industry reacted with dismay and the first of perhaps multiple lawsuits Wednesday ahead of an executive order (EO) by President Biden directing the Department of the Interior (DOI) to pause new oil and natural gas leasing on federal lands and offshore waters. The EO published Wednesday afternoon follows a 60-day…
API Looking for Common Ground to Preserve U.S. Energy Dominance as Dems Take Control
Political acrimony over the 2020 presidential election results has endured well into the new year, but the American Petroleum Institute (API) sees at least one area where U.S. voters have reached a consensus. The Democrats obtained a narrow majority in the Senate that would see them take control of both the Legislative and Executive branches…
Colorado Oil and Gas Industry Calls for Impartiality, Flexibility in Governor’s Proposed GHG Reduction ‘Roadmap’
Colorado’s proposed Greenhouse Gas (GHG) Pollution Reduction Roadmap should be sector- and technology-impartial, incentive-driven and as flexible as possible, while considering the potential economic impacts on all stakeholders, according to the American Petroleum Institute Colorado (API CO). API CO executive director Lynn Granger authored the group’s Nov. 12 public comment on the draft plan, which…
Energy Industry Warns of Dire Consequences if Natural Gas, Oil Development Banned on Public Lands
The American Petroleum Institute (API), joined by state energy industry groups, warned of negative consequences if a natural gas and oil development ban was imposed on public lands and waters. The analysis, prepared for API by OnLocation using software that also is used by the U.S. Energy Information Administration for its Annual Energy Outlook, indicated…
Light Oil Production Making Up Larger Share of U.S. Refinery Inputs
Light oil production continues to grow in the United States, rising 7% over the last four years to 57% of the total 1.24 million b/d of crude produced in 2019, according to the Energy Information Administration (EIA). U.S. light oil production grew to 6.7 million b/d last year, up from 5.8 million b/d in 2018,…
Oil, Gas Environmental Partnership Cutting Methane Emissions, API Reports
U.S. methane emissions from the oil and natural gas industry are decreasing relative to the nation’s total production, according to the American Petroleum Institute (API), which is part of a collaborative industry effort aimed at tackling the problem.
Oil, Gas Industry Frustrated by Rejections to Steel Tariff Exemptions; Permian Pipeline Affected
Officials with the American Petroleum Institute (API) said their member oil and gas companies are frustrated with the process that the Trump administration established to request exemptions to tariffs on imported steel, with several petitions — including one for a pipeline to service the booming Permian Basin — already rejected on vague grounds.