HOUSTON, March 5 (Reuters) – The U.S. oil industry needs to
make a better case for lifting the decades-old ban on crude
exports, especially as the country still relies on millions of
barrels of foreign oil, U.S. Energy Secretary Ernest Moniz said
Oil producers have begun ramping up efforts to overturn
rules restricting the sale of U.S. crude oil overseas in most
cases, with the nation awash in light sweet crude that is not a
good match for the Gulf coast refining hub.
HOUSTON, March 5 (Reuters) – The rise of global trade in
liquefied natural gas in the coming decade could curb Russia’s
foreign-policy leverage over Europe and prompt China to take a
more constructive role in global affairs as its imports of the
This view, shared by many energy experts at the IHS CERAWeek
conference in Houston, means that in the future Russia may have
less room to assert itself with neighbors the way it did when
its forces recently seized control of Ukraine’s Crimea.
WASHINGTON (Reuters) – U.S. utilities would benefit from an independent group to set industry-wide guidelines on combating cyber threats, according to a think-tank report released on Friday that was co-authored by a former director of the Central Intelligence Agency.
The report, from the Bipartisan Policy Center, said a new independent organization could bring together the disparate interests in the sector to help manage cybersecurity for the nation’s electric grid, and help to deal with threats such as new malware that could be targeted at plants’ information technology systems.
WASHINGTON, Feb 27 (Reuters) – The Obama administration on
Thursday laid out a framework for assessing the amount of crude
off the Atlantic coast, another step toward possibly allowing
oil production in an area that has been out of reach for
The plan was released as part of the Bureau of Ocean Energy
Management’s final environmental review of the possible impacts
of seismic testing to gauge oil reserves in the Atlantic Ocean.
WASHINGTON (Reuters) – A small Nebraska state commission that has never considered a major oil pipeline route could soon play a pivotal role in deciding the fate of the Keystone XL pipeline, a project brimming with political risk for both the U.S. and Canadian governments.
A court ruling this week reinstating the Nebraska Public Service Commission’s authority over TransCanada Corp’s $5.4 billion project from the Alberta oil sands has raised new questions about a long-delayed project that Canada considers crucial to its economic future.
WASHINGTON, Feb 19 (Reuters) – The Obama administration will
finalize about $6.5 billion in loan guarantees this week for the
nation’s first two new nuclear reactors in three decades, ending
years of delay.
U.S. Energy Secretary Ernest Moniz will travel to
Waynesboro, Georgia, on Thursday to mark the completion of an
agreement backing the construction of two new reactors at
Southern Co’s Vogtle nuclear power plant, the Department
of Energy announced on Wednesday.
WASHINGTON (Reuters) – The Obama administration will announce that it has finalized $6.5 billion in loan aid to build the country’s first new nuclear reactors in more than 30 years, sources said on Tuesday.
The announcement, expected on Wednesday, follows four years of wrangling between the government and energy company Southern Co over the terms of the loan agreement, which was initially offered in February 2010 to support the construction of two new reactors at the Vogtle nuclear plant in Georgia.
WASHINGTON, Feb 14 (Reuters) – U.S. Senate Democrats from
California and Oregon introduced legislation on Friday aimed at
easing the impact of a record-breaking drought that threatens to
leave farmers and even some communities without water.
The legislation would provide $300 million in emergency
funds for drought-ridden states, while also directing federal
agencies to use their powers under existing laws to maximize
WASHINGTON, Feb 11 (Reuters) – The U.S. Energy Department on
Tuesday approved exports from Sempra Energy’s Cameron
liquefied natural gas (LNG) project in Louisiana as the Obama
administration moves forward with its goal of expanding the
global market for the fuel.
The conditional approval of exports from the terminal to
countries with which the United States does not have free trade
agreements, such as India and Japan, was the sixth approval by
the department since 2011, and the first since mid-November.
WASHINGTON, Feb 6 (Reuters) – Already struggling with cuts
to agricultural production and other impacts from a record
setting drought, California faces the prospect of lower
hydroelectric power generation as well, a U.S. government report
said on Thursday.
A persistent dry spell has drained water supplies in
California and neighboring Nevada. About 60 percent of
California is now classified as experiencing extreme drought,
the Energy Information Administration said in a “Today in