Energy Correspondent
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Jul 9, 2010

U.S. court refuses stay in deepwater drilling case

NEW ORLEANS/WASHINGTON (Reuters) – The Obama administration is preparing to unveil a revised deepwater oil drilling moratorium after a federal court refused on Thursday to reinstate an earlier ban imposed after BP Plc’s(BP.N: Quote, Profile, Research)(BP.N: Quote, Profile, Research) massive oil spill.

The Interior Department reiterated late on Thursday that it would issue the new order on deepwater drilling below 500 feet (152.5 metres) to address the concerns raised by federal courts. It did not say when the new ban would be issued.

Jul 9, 2010

Court refuses stay in deepwater drilling case

NEW ORLEANS/WASHINGTON (Reuters) – The Obama administration is set to unveil a revised deepwater oil drilling moratorium after an appeals court refused to reinstate an earlier ban imposed after BP Plc’s massive oil spill.

The Interior Department was expected to soon issue the new order on deepwater drilling below 500 feet to address the concerns raised by the U.S. Court of Appeals for the Fifth Circuit on Thursday and a lower court last month.

Jul 8, 2010

New U.S. oil drill ban depends on court decision

WASHINGTON/NEW ORLEANS (Reuters) – The Obama administration said on Thursday it will immediately issue a revised ban on deepwater drilling if an appeals court bars it from reinstating the six-month moratorium it imposed in the wake of the BP oil spill.

However, the administration will not impose a new drilling ban if the federal court in New Orleans supports its initial moratorium, an Interior Department official told Reuters.

Jul 8, 2010

Issuing of new U.S. drill ban over BP depends on case

WASHINGTON/NEW ORLEANS (Reuters) – The Obama administration said on Thursday it will immediately issue a revised ban on deepwater drilling if an appeals court does not allow it to reinstate the six-month moratorium it imposed in the wake of the BP oil spill.

However, it will not impose a new drilling ban if the federal court in New Orleans supports its initial moratorium, an Interior Department official told Reuters.

Jul 8, 2010

U.S. drilling moratorium to take bigger output bite

WASHINGTON (Reuters) – The Obama administration’s contested moratorium on deepwater drilling will take a larger portion out of U.S. oil production next year than previously thought, the government’s energy forecasting agency said on Wednesday.

Oil production next year is expected to be cut by 82,000 barrels per day, or almost 30 million barrels total, due to delayed or canceled drilling caused by the moratorium, the Energy Information Administration said. That is 17 percent more from the 70,000 bpd in lost output the agency predicted just last month.

Jul 6, 2010

US gasoline price falls thanks to cheaper oil-Govt

WASHINGTON, July 6 (Reuters) – U.S. gasoline prices fell to
the lowest level in three weeks due to lower crude oil costs,
the Energy Department said on Tuesday.

The national price for regular unleaded gasoline dropped
3.1 cents over the last week to $2.73 a gallon, the
department’s Energy Information Administration said in its
weekly survey of service stations.

Jul 6, 2010

EPA proposes tougher air rules on power plants

WASHINGTON (Reuters) – Power plants in the eastern half of the United States will have to slash emissions of pollutants blamed for premature deaths under proposed rules issued on Tuesday by federal regulators.

The Environmental Protection Agency said the rules, part of a series of steps to control emissions from power plants, would overturn and toughen clean air regulations issued by former President George W. Bush’s administration. The agency hopes they would begin taking effect in 2012.

Jul 1, 2010

Exclusive: Longer U.S. drilling ban threatens rigs, supplies:IEA

WASHINGTON (Reuters) – The United States’ six-month drilling ban “makes sense” to allow time to probe the cause of BP’s (BP.L: Quote, Profile, Research, Stock Buzz) (BP.N: Quote, Profile, Research, Stock Buzz) oil spill, but if the moratorium is extended, companies should move their rigs to search for oil and natural gas in other countries’ waters, the head of the International Energy Agency said on Thursday.

BP’s oil leak that begin in April prompted the U.S. government to slap a ban on deepwater exploratory and development drilling, which the federal court last week blocked due to concerns over its unjustifiably harsh impact.

Jul 1, 2010

Govts face cost hurdle to halve CO2 by 2050 – IEA

WASHINGTON/PARIS (Reuters) – Governments will have to grapple with sharply higher upfront costs to deploy clean energy technologies and halve carbon emissions by 2050, the International Energy Agency said on Thursday.

Action to curb greenhouse gases is going in the “wrong direction”, said the energy advisor to 28 industrialised nations, adding that under current trends carbon emissions would instead double by mid-century.

Jul 1, 2010

Governments face cost hurdle to halve CO2 by 2050: IEA

WASHINGTON/PARIS (Reuters) – Governments will have to grapple with sharply higher upfront costs to deploy clean energy technologies and halve carbon emissions by 2050, the International Energy Agency said on Thursday.

Action to curb greenhouse gases is going in the “wrong direction,” said the energy advisor to 28 industrialized nations, adding that under current trends carbon emissions would instead double by mid-century.

    • About Tom

      "I have covered energy issues from the Reuters Washington bureau since 1997. These days I'm writing about the Obama administration's overhaul of U.S. energy policy, which focuses on developing alternative energy sources like wind and solar power and seeks to reduce petroleum use. However, the United States and the rest of world will rely on oil as a major energy source for the forseeable future. That's why much of my reporting still looks at legislation, regulations and White House policies that affect the oil industry, petroleum supplies and fuel demand."
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