Ayesha's Feed
Apr 23, 2012

Trading firm sues US EPA over biofuel credit scam

WASHINGTON, April 23 (Reuters) – A trading company ensnared
in the fallout from massive fraud uncovered in the U.S.
renewable fuel mandate has filed a lawsuit against the U.S.
government for its handling of the scandal.

OceanConnect, a firm that facilitates trades of renewable
energy credits, said in a complaint filed in federal court last
month that the Environmental Protection Agency’s response to the
fraud has undermined the government’s goal to encourage growth
and innovations in the biofuel industry.

Apr 18, 2012

US lifts world natgas resource estimate, cuts oil

WASHINGTON, April 18 (Reuters) – Regions outside of the
United States hold 20 percent more untapped conventional natural
gas and about 13 percent less oil than previously estimated,
according to a U.S. government report released on Wed nesday.

In its latest world petroleum assessment, the U.S.
Geological Survey estimated that about 5,606 trillion cubic feet
of technically recoverable conventional natural gas is still
undiscovered around the world, excluding the United States.

Apr 18, 2012

U.S. to set fracking rules, but delays target date until 2015

WASHINGTON (Reuters) – U.S. environment regulators will postpone implementation of standards requiring natural gas and oil drillers to cut emissions when they finalize the long-delayed regulations on Wednesday, an industry group and an environmental group said.

Drillers that use hydraulic fracturing, or fracking, and other methods to extract natural gas and oil will not be required to add equipment to capture smog-forming emissions at wells until January 2015, the groups said.

Apr 17, 2012

U.S. regulators approve Cheniere LNG export plant

April 16 (Reuters) – U.S. regulators on Monday approved the
country’s first liquefied natural gas export plant in nearly 50
years, which will open up cheap and abundant American supplies
to importers across the globe.

The Federal Energy Regulatory Commission (FERC) approval
paves the way for construction to begin at Cheniere Energy’s
LNG plant at Sabine Pass, Louisiana, which will chill
natural gas to a liquid for shipping overseas by as early as
2015.

Mar 30, 2012

US must weigh Arctic oil spill response challenges-report

WASHINGTON, March 30 (Reuters) – The U.S. government must
consider the harsh conditions of the Arctic and lack of
containment infrastructure as it weighs Royal Dutch Shell’s
plans to drill off the Alaska coast, a report said on
Friday.

The Government Accountability Office, Congress’
investigative arm, said in its report that the oil industry’s
ability to cap out-of-control wells in deep water has improved
since the BP oil spill dumped 4.9 million barrels of oil into
the Gulf of Mexico in 2010.

Mar 29, 2012

Bill to ban export of some refined oil products

WASHINGTON (Reuters) – U.S. Democrats on Thursday unveiled a bill that would ban the export of refined fuels derived from oil produced on federal lands, the latest legislative volley in response to surging fuel prices.

The legislation would only affect new federal oil and gas leases, but it was introduced just as the United States becomes a net exporter of gasoline and refined fuels, the first time in decades.

Mar 29, 2012

US bill would ban export of some refined oil products

WASHINGTON, March 29 (Reuters) – U.S. Democrats on Thursday
unveiled a bill that would ban the export of refined fuels
derived from oil produced on federal lands, the latest
legislative volley in response to surging fuel prices.

The legislation would only affect new federal oil and gas
leases, but it was introduced just as the United States becomes
a net exporter of gasoline and refined fuels, the first time in
decades.

Mar 28, 2012

Government to assess energy potential offshore Atlantic

WASHINGTON (Reuters) – The Obama administration said on Wednesday it was moving toward allowing private companies to begin assessing the oil and gas potential off the country’s Atlantic coast, but full exploration is likely still years away.

The Interior Department released a draft environmental analysis on Wednesday that found minor to moderate impact if it allowed companies to begin seismic testing off the country’s east coast.

Mar 28, 2012

US to assess energy potential offshore Atlantic

WASHINGTON, March 28 (Reuters) – The Obama administration
said on Wednesday it was moving toward allowing private
companies to begin assessing the oil and gas potential off the
country’s Atlantic coast, but full exploration is likely still
years away.

The Interior Department released a draft environmental
analysis on Wednesday that found minor to moderate impact if it
allowed companies to begin seismic testing off the country’s
east coast.

Mar 26, 2012

Bill ending oil company tax cuts clears Senate hurdle

WASHINGTON (Reuters) – Legislation repealing tax breaks for major oil companies passed its first hurdle in the Senate on Monday, but is unlikely to become law, as Republicans and Democrats seek to score political points over rising gasoline prices.

The Senate voted 92 to 4 to proceed with consideration on the bill that would eliminate billions of dollars in tax breaks for the “big five” oil companies: Exxon Mobil Corp, BP Plc, ConocoPhillips, Chevron Corp and Royal Dutch Shell Plc.

    • About Ayesha

      "A Howard University graduate, I began my career at Reuters as an intern covering hotels and airlines in New York. I now work in Washington D.C. covering energy policy and regulations."
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