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Archives for Oil

The Keystone Pipeline Cleared Hurdles in Nebraska and Congress, But Was Tripped Up by Presidential Veto

This new year has been marked with a flurry of activity surrounding the approval of the Keystone XL Pipeline project.  Following the changing of the guard in a new Republican-led Congress, Alaskan Senator Lisa Murkowski led the Congressional charge for legislative approval of the pipeline project as Chair of the Senate Energy and Natural Resources … Continue reading »

In the Midst of Volatile Oil Prices, U.S. Crude Oil Production Still Expected to Rise in 2015

The rapid decline in crude oil prices has exerted global pressure on the energy industry and nations heavily dependent upon oil.  Russia is a glaring example, with the precarious state of its currency largely tied to the precipitous drop in oil prices this year.  In the midst of such volatility, the outlook for the U.S. … Continue reading »

EIB Energy Highlights: SCOTUS Review of EPA Mercury Regs, LNG Exports, World Energy Outlook, New EPA Regs & More

Our goal is to serve as a leading-edge resource for companies navigating the rapidly evolving landscapes of the domestic and global energy markets. Moore & Van Allen’s EIB Energy Highlights is a complement to our Energy Interdependency Blog’s in-depth individual treatment of critical issues emerging in energy policy, regulation, and related litigation. EIB Energy Highlights … Continue reading »

Keystone XL Pipeline Faced Scrutiny in Nebraska Supreme Court September 5, 2014 Hearing

The Keystone XL pipeline project faced a major hurdle in the Nebraska Supreme Court last Friday, as federal approval of the pipeline may be influenced by the court’s decision regarding the constitutionality of the process by which the pipeline had gained approval to run through the state. The pipeline has been subject to delay for quite some … Continue reading »

Will the Commerce Department’s Approval to Export Condensate Change the World?

The reporting in late June of the Commerce Department’s private rulings that authorized two companies to export condensate has ignited discussions regarding the real prospect of changes in U.S. oil export policy. Industry participants reportedly have viewed the Commerce Department rulings as “a major opening for the U.S. energy industry, and not simply a technical tweak to … Continue reading »

Senate Committee Passes Legislation Approving Keystone XL Pipeline and Pushes Full Senate Vote

On June 18, 2014, the Senate Committee on Energy & Natural Resources (“Committee”) passed in a 12-10 bi-partisan vote a bill that would approve TransCanada’s application to build Keystone XL pipeline, which has been pending government approval for years.  A recent cause for further delay in the approval process sprang from the February 2014 Nebraska … Continue reading »

U.S. Has Second Highest Oil/Petroleum Liquids Production in 25+ Years

U.S. HAS SECOND HIGHEST OIL/PETROLEUM LIQUIDS PRODUCTION IN 25+ YEARS: The U.S. Energy Information Administration reported that U.S. Field Production of Crude Oil and Petroleum Products has been the highest since March 1986 in recent months.  In March 1986, 10,664 million barrels/day were produced – in November 2013, 10,632 million barrels/day and in January 2014, 10,578 million … Continue reading »

The Keystone XL Pipeline: More Debate and Delay?

The debate and delay surrounding the Keystone XL pipeline project proposed to be built by TransCanada Corp. continue.  When the State Department released its Final Supplemental Environmental Impact Statement (“FSEIS”) regarding the pipeline project on January 31, 2014 raising no significant environmental concerns related to the project (see our previous post), there was discussion about … Continue reading »

Energy Information Administration February 2014 Short-Term Energy Outlook Analyzes Uncertainties in Global Oil & Other Liquids Supply

ENERGY INFORMATION ADMINISTRATION FEBRUARY 2014 SHORT-TERM ENERGY OUTLOOK ANALYZES UNCERTAINTIES IN GLOBAL OIL & OTHER LIQUIDS SUPPLY: On February 11, 2014, the Energy Information Administration issued its February 2014 Short-Term Energy Outlook, including a Special Analysis Supplement titled “Uncertainties in the Short-Term Global Petroleum and Other Liquids Supply Forecast” which discusses the uncertainties underlying the … Continue reading »

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NC Joint Legislative Commission on Energy Policy Explores LNG and In-state Oil & Natural Gas Exploration

NC JOINT LEGISLATIVE COMMISSION ON ENERGY POLICY EXPLORES LNG AND IN-STATE OIL & GAS EXPLORATION: Among the issues addressed during the February 4, 2014 meeting of the North Carolina Joint Legislative Commission on Energy Policy were (1) the current state of liquefied natural gas (LNG) exports and facilities and (2) the progress of the NC Mining … Continue reading »

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