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Jan 14, 2015

White House to curb methane emissions from oil, gas production

WASHINGTON (Reuters) – President Barack Obama’s administration will unveil new rules Wednesday that aim to slash methane emissions from oil and gas production by up to 45 percent by 2025 in its latest move to solidify the Democratic president’s credentials on climate change.

Under the proposal, the Environmental Protection Agency and Department of Interior will issue measures to contain leaking methane, a potent greenhouse gas, from new drilling equipment and from old and new production facilities located on public lands.

Jan 14, 2015
Jan 14, 2015
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Dec 30, 2014

Exclusive: U.S. agency gives quiet nod to light oil exports – sources

WASHINGTON (Reuters) – The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions.

In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce Department’s Bureau of Industry and Security (BIS) has told companies seeking clarification on the legal status of so-called “processed condensate” that self-classification – whereby companies export their product without any formal authorization – could be a way forward, the people told Reuters.