Oil and gas businesses were shocked by the news today that New Zealand’s Labour government chose to ban future offshore exploration. The South Pacific nation is one of the first in the world to take such drastic, short-sighted measures, joining France, Belize, and Costa Rica.Continue reading
On Tuesday, a two-day hearing to determine regulatory revisions for Colorado’s oil and gas industry unraveled following an inability to reach an agreement. As a result, regulators have voted to delay their rule-making until February 13 to gather more information on the issue.
Over the last several days, a handful of news outlets have reported scuffles that resulted on a small stretch of Olympia railroad tracks. Early Wednesday, Olympia’s finest cleared a week-old encampment of protestors off their makeshift home.
Headlines call attention to the friction. They draw attention to the protestors’ purpose. They don’t focus on a major issue of the Olympia protestor’s sit-in: these guys were “protesting” in the wrong place.
In November, the voters of Broomfield, Colorado will be confronted with another initiative designed to stymie production of future oil and gas projects in the area. Ballot Question 301 is a controversial amendment to Broomfield’s home rule charter that would place unprecedented control of oil and gas development in the hands of the Broomfield city council.
Question 301 asserts that oil and gas development in Broomfield should “only occur in a manner that does not adversely impact the health, safety and welfare of Broomfield’s residents in their workplaces, their homes, their schools, and public parks.” Though it sounds innocuous enough, Question 301 has troubling implications for the people and the economy of Broomfield.
Following a vote for independence on September 25, the region of Iraqi Kurdistan has erupted in a fresh wave of violence. In addition to the inevitable destruction and loss of life that will result, violence in and around the city of Kirkuk could have a huge impact on the world’s economy, most notably in the oil and gas industry.
The conflict may be a world away, but the discord in the Kurdish region of Iraq is going to show up at an oil pump near you.
On Monday, Scott Pruitt, the head of the Environmental Protection Agency, announced that the EPA would set about repealing the Clean Power Plan. The end of the Obama-era policy has been a long time coming, but its final death rattle has triggered a wave of anti-energy protests from both private organizations and state governments.
While these protests boil up, however, individual states have taken it upon themselves to pioneer their own environmental future. You know, rather than moan and groan in idle.
Colorado is the front line for fracking in the United States. In a country that seems evenly divided on the practice of hydraulic fracturing, Colorado is a good microcosm of the argument. The state is rich in shale and oil reserves, which means fracking is a particularly relevant topic. More importantly, however, Colorado is home to an incredibly diverse array of people who represent an equally diverse amount of perspectives.
And as any Colorado resident can tell you, the people who live there are also not shy about voicing those opinions. In the wake of a federal court ruling that has revoked a series of Obama-era regulations that banned fracking on federal lands, two Colorado counties are working quickly to make sure that their voices are heard.
If the United States government believed that Venezuela would crumble in the wake of a fresh round of sanctions, it was sorely mistaken. Venezuelan President Nicolas Maduro responded to the sanctions by taking a drastic action on Friday, when the nation published its oil prices in the common currency of China, the yuan.
In case the decision wasn’t a direct enough stab at the US, Maduro doubled down on the decision by calling it an attempt to free Venezuela from the “tyranny of the US dollar.” It’s a bold move from a country that does a whole lot of oil and gas business with the United States. Maduro’s shift is enough to make some industry experts stop and take notice.
The Wyoming Bureau of Land Management is now allowing public comment on Jonah Energy’s next ambitious undertaking, the Normally Pressurized Lance natural gas project. The proposed development could help stimulate the state’s economy with a plethora of new jobs and an infusion of cash.
As every new oil and gas project must, however, Jonah Energy’s NPL project is drawing criticism from anti-fracking protestors.
On July 31, the Trump administration responded to growing political turmoil in the South American country of Venezuela by initiating a series of sanctions against President Nicolás Maduro. Once a cherished trading partner for the United States, Venezuela is now looking at a period of political and economic strife for the foreseeable future.
But what exactly is going on in Venezuela? And what does the chaos mean for the United States oil and gas industry?