Regulatory

Despite multiple headwinds currently facing Mexico, the long-term fundamentals underpinning the economy remain strong, according to BlackRock Inc.’s Juan Alberto Leautaud, head of Mexico Infrastructure Investment. As an infrastructure investor for the world’s largest asset manager, “I tend to think about the long-term…fundamentals of investments and assets, and in this case, a country,” Leautaud said…

It’s now a waiting game for the Dakota Access Pipeline (DAPL) after both sides in the oil pipeline’s ongoing legal battle have had their say regarding the motion to stay a lower court’s order to temporarily shut and empty the system. In a filing Thursday (July 23) in the U.S. Court of Appeals for the…

Horizontal drilling, hydraulic fracturing and renewable power generation have transformed Colorado’s energy landscape over the last decade, the Energy Information Administration (EIA) said Thursday. Colorado ranked eighth among U.S. states in natural gas gross withdrawals (5.5 Bcf/d) and fifth in oil production (514,000 b/d) in 2019, said researchers led by Brett Marohl. Weld County, north…

The Energía Costa Azul (ECA) natural gas export project in Mexico’s Baja California is still waiting on an export approval, Infraestructura Energética Nova (IEnova) executives said Thursday. During a second quarter earnings call, the commitment to the project was reiterated, but there was no fixed date set for when the company expected the export permit…

Colorado’s Board of County Commissioners (BOCC) for Boulder County has extended the existing moratorium on accepting and processing new oil and gas development applications and on seismic testing to December 31. The moratorium was put in place to give BOCC staff time to review and update the county’s oil and gas regulations in light of…

Mexico’s Energy Ministry (Sener) has ordered the unification of the Zama discovery offshore Mexico and has given Houston-based exploration and production company Talos Energy Inc. and Mexican state company Petróleos Mexicanos (Pemex) 120 days to come up with terms of how to carry out joint development of the field. In May, Mexico upstream regulator Comisión…

Energy Transfer LP has “not yet taken any steps to begin shutting down” the Dakota Access pipeline (DAPL) in light of an order by the U.S. District Court for the District of Columbia to temporarily halt operations and empty the 1,172-mile crude oil pipeline while an environmental impact statement (EIS) is completed. Instead, lawyers for…

Producers in North Dakota’s Bakken Shale play are beginning to come to grips with operating without the Dakota Access Pipeline (DAPL) that is now under court order to shut down and be drained by early August. The immediate challenges are how to move up to 300,000 b/d to Gulf Coast refineries, and longer term up…

Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…