WASHINGTON, Sept 19 (Reuters) – Oil major Exxon Mobil
said on Friday the U.S. Treasury Department had granted
it a license to wind down operations on a drilling well in the
Kara Sea in the Russian Arctic that has been targeted by U.S.
Washington intensified sanctions on Russia last week over
its intervention in Ukraine. The new sanctions seek to stop
billions of dollars worth of cooperation between Western and
Russian energy companies on oil drilling in Russia’s Arctic, in
Siberia and offshore.
WASHINGTON (Reuters) – Obama administration officials are concerned about the legality of a ban on oil exports and have begun discussing how to deal with potential challenges from nations that want to buy U.S. crude, two sources said.
Officials in the Office of the U.S. Trade Representative and the National Security Council have each held internal talks about potential free-trade challenges from South Korea and NATO allies, two sources familiar with the matter said.
WASHINGTON (Reuters) – The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world’s largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said.
The planned sanctions over Russia’s aggression toward Ukraine would ban U.S. and European companies from cooperating with Russia on searching its Arctic territory, deep seas or shale formations for crude, said two U.S. officials who spoke on condition of anonymity because the measures have not been made public.
WASHINGTON, Sept 4 (Reuters) – Four big U.S. oil refiners
launched their first broadside on Thursday against Washington’s
decision to approve exports of lightly processed crude oil,
urging U.S. regulators in a letter to stop issuing permits.
In the letter to the Commerce Department a lobbyist group
called Consumers and Refiners United for Domestic Energy, or
CRUDE, which represents the four U.S. refiners, blasted the
government for allowing the shipments, saying they contravene a
nearly 40-year-old ban on oil exports.
WASHINGTON, July 31 (Reuters) – The U.S. Energy Department
on Thursday approved Oregon LNG to export liquefied natural gas,
as the Obama administration works through applications to export
fuel from the domestic drilling boom to markets in Asia and
Oregon LNG, which is controlled by Leucadia National Corp
, has been authorized by the department to export up to
1.25 billion cubic feet per day of the fuel for 20 years. It
hopes to begin exporting LNG in 2017.
WASHINGTON (Reuters) – The U.S. Commerce Department has put on hold at least two companies’ requests for permission to sell lightly processed crude abroad, effectively stalling an industry push to export an expanding glut of oil amid the U.S. shale revolution, sources said.
The companies seeking clarification on exporting ultra-light oil, known as condensate, have been told that their requests are being “held without action,” a person familiar with the matter said last week, describing an indefinite pause in the review process that allows officials to seek additional information on a decision.
WASHINGTON, July 28 (Reuters) – The U.S. Commerce Department
has put on hold at least two companies’ requests for permission
to sell lightly processed crude abroad, effectively stalling an
industry push to export an expanding glut of oil amid the U.S.
shale revolution, sources said.
The companies seeking clarification on exporting ultra-light
oil, known as condensate, have been told that their requests are
being “held without action,” a person familiar with the matter
said last week, describing an indefinite pause in the review
process that allows officials to seek additional information on
WASHINGTON (Reuters) – The United States must decide soon whether to overturn its nearly 40-year ban on oil exports or it risks inhibiting output from the domestic drilling boom, the executive director of the International Energy Agency said on Tuesday.
“Do you want to be an energy island that is fenced in or do you want to be a huge (oil) producer at the same time as being a huge consumer?” Maria van der Hoeven told Reuters in a wide-ranging interview about energy policy.
WASHINGTON, July 8 (Reuters) – Ukraine must reform its
historically inefficient and corrupt natural gas markets to
guard against Russian aggression and supply controls, U.S. State
Department officials told lawmakers on Tuesday.
After invading and annexing Crimea this year, Russia cut off
natural gas supplies to Ukraine last month in a dispute over
unpaid bills. Escalation of the nearly decade-long argument
between Moscow and Ukraine over gas imports has raised concerns
about a disruption of supplies to the rest of Europe.
By Timothy Gardner and Kristen Hays
(Reuters) – The U.S. decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing the same with other types of crude too, according to industry and government sources who have reviewed the ruling.
This view, which has not been previously reported, will add to intense speculation over how much of the U.S. shale oil boom will reach overseas markets and how quickly loopholes will be opened in the 40-year-old ban on exporting domestic crude.