Energy & Environment Correspondent
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Apr 28, 2015

Groups seek U.S. SEC probe of Shell Arctic drilling risk disclosures

By Timothy Gardner

(Reuters) – An environmental group and a law clinic
petitioned the U.S. Securities and Exchange Commission to
investigate whether Royal Dutch Shell has adequately
disclosed to investors the risks of oil exploration in the harsh
Arctic waters, the groups said on Tuesday.

The U.S. Interior Department is mulling whether Shell can
drill test wells for crude and gas off Alaska this summer. The
company abandoned exploratory drilling efforts in 2012, an
accident-plagued season in a region with little infrastructure
for emergency response.

Apr 23, 2015

Iran’s military nuclear activity visible under deal -Moniz

WASHINGTON, April 23 (Reuters) – The United States and five
other world powers would be able to detect any military
capabilities of Iran’s nuclear program for at least 10 years
under a framework deal agreed upon earlier this month, the U.S.
energy secretary said on Thursday.

For 10 years at minimum, “we will have a very comfortable
ability to detect any military activity related to the nuclear
program and we would have adequate time to respond,” Secretary
Ernest Moniz, a nuclear physicist who participated in the Iran
talks, said on CNBC about the plan.

Apr 22, 2015

White House seeks greater power over emergency oil stocks

WASHINGTON (Reuters) – The Obama administration wants greater authority from Congress to tap the emergency oil reserve to control spikes in global petroleum prices, seeking a more aggressive role for the 40-year-old stockpile.

Authorized by Congress in 1975 after the Arab oil embargo, the Strategic Petroleum Reserve (SPR) has long been a defensive weapon to protect the U.S. economy from interruptions in crude imports from petroleum-producing countries that are not always friendly to Washington.

Apr 16, 2015

Obama carbon rules to cut coal-related jobs – conservative group

By Timothy Gardner

(Reuters) – U.S. rules to cut carbon emissions could close
more than 90 coal plants and eliminate jobs that support mining
and power stations that the federal government has not fully
considered, a report by the conservative American Action Forum
research group said on Thursday.

The Environmental Protection Agency this summer is due to
adopt its Clean Power Plan to cut carbon emissions from coal-
fired plants.

Apr 15, 2015

Iraq oil minister says crude exports to hit record in April

WASHINGTON (Reuters) – Iraq’s oil minister said on Wednesday his country’s oil exports should hit a record of about 3.1 million barrels per day in April as output from the country’s southern fields stays strong and weather conditions improve.

“In April if nothing disturbs exportations we will hit 3.1 (million barrels per day) Oil Minister Adel Abdel Mehdi told reporters.

Apr 2, 2015

Nuclear deal means more Iran oil – just not this year

WASHINGTON/NEW YORK (Reuters) – A framework accord to curb Iran’s nuclear program forged on Thursday could eventually allow Tehran to reclaim lost ground in the global oil market. Yet the deal all but guarantees that cannot happen before next year.

By ensuring that sanctions remain intact until Western powers are satisfied Tehran is adhering to the terms, and giving negotiators until June 30 to hammer out a comprehensive agreement, the deal offers little chance for any significant increase in exports until 2016.

Apr 2, 2015

Analysis: Nuclear deal means more Iran oil – just not this year

WASHINGTON/NEW YORK (Reuters) – A framework accord to curb Iran’s nuclear programme forged on Thursday could eventually allow Tehran to reclaim lost ground in the global oil market. Yet the deal all but guarantees that cannot happen before next year.

By ensuring that sanctions remain intact until Western powers are satisfied Tehran is adhering to the terms, and giving negotiators until June 30 to hammer out a comprehensive agreement, the deal offers little chance for any significant increase in exports until 2016.

Apr 2, 2015

Nuclear deal means more Iran oil – just not this year

WASHINGTON/NEW YORK, April 2 (Reuters) – A framework accord
to curb Iran’s nuclear program forged on Thursday could
eventually allow Tehran to reclaim lost ground in the global oil
market. Yet the deal all but guarantees that cannot happen
before next year.

By ensuring that sanctions remain intact until Western
powers are satisfied Tehran is adhering to the terms, and giving
negotiators until June 30 to hammer out a comprehensive
agreement, the deal offers little chance for any significant
increase in exports until 2016.

Apr 1, 2015

Here’s why Obama is approving Arctic drilling again

WASHINGTON (Reuters) – For a leader who has made fighting climate change a priority, President Barack Obama’s decision to approve Royal Dutch Shell’s return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction.

On Tuesday, his administration upheld a 2008 Arctic lease sale, clearing an important hurdle for Shell. The Interior Department will now consider the company’s drilling plan, which could take 30 days. But Shell, which has already spent about $6 billion exploring the Arctic, expects to return to polar waters this summer and is already moving oil rigs to Alaska.

Mar 23, 2015

U.N. watchdog says progress limited on Iran nuclear inquiry

WASHINGTON (Reuters) – The U.N. atomic watchdog has had limited progress in its inquiry into possible military dimensions of Iran’s nuclear activities, the agency’s chief said on Monday, days ahead of an approaching deadline for a framework deal between Iran and world powers over the disputed program.

The International Atomic Energy Agency (IAEA) has a long-standing inquiry into some aspects of Iran’s nuclear program, including allegations that Iran engaged in work that could be used to develop nuclear bombs.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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