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News Page 102

Energy Bill’s Impact on Liquefied Natural Gas Exports

This year could mark a significant change in the way the United States deals with natural gas exports. U.S. Senate members have recently been deliberating about the Energy Policy Modernization Act of 2015 (S. 2012). Introduced by Sen. Lisa Murkowski (R-AK) and Maria Cantrell (D-WA) in mid-2015, the bill is the first major energy legislation to be considered in a decade. Amid numerous initiatives featured in the bill, the bill would streamline permitting for natural gas exports. Section 2201 of…

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A Look At The Companies Hoping to Build a $3.1 billion Natural Gas Pipeline in Mexico

The Mexican government is moving forward with plans to build a $3.1 billion natural gas pipeline that will allow Texas suppliers to meet growing demand south of the border. During a Thursday afternoon press conference, Tamaulipas Gov. Egidio Torre-Cantu announced the energy-rich border state and Mexico's Federal Electricity Commission (CFE) signed a memorandum of understanding to collaborate on the project. The CFE is investing $3.1 billion to build the Sur de Texas-Tuxpan Pipeline that will deliver natural gas from Texas…

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Warren Buffett’s $1 Billion Bet on Oil

Oil prices have plunged this year, but Warren Buffett isn't scared. He's bet nearly a $1 billion on the sector since the start of the year. That's how much Phillips 66 stock Berkshire Hathaway has bought since Jan. 3, according to company filings, the most recent of which was made Wednesday. Berkshire already owned 61.5 million shares of the oil refining giant, and has recently spent $964 million to buy an additional 12 million shares of the company. Buffett's firm…

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While Natural Gas Use Rises, Energy Cost Does Not

Clean energy efficiency in the United States is on the rise even as oil prices drop, according to a study from Bloomberg New Energy Finance (BNEF) and the Business Council for Sustainable Energy (BCSE). The report surveyed the use of renewable energy and natural gas in the United States in 2015. Natural gas production and consumption grew to record levels this year, aided by natural gas prices being the lowest they have been since 1999. Those rates mean that the…

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Ryan Sitton: Groundwater Studies Show Railroad Commission Rules and Vigilance Are Working

Every day the more than 700 Texans who make up the Railroad Commission of Texas wake up and go to work in every corner of our great state to make sure the energy industry is operating safely and responsibly. Our team includes hundreds of professional geologists, petroleum engineers, attorneys and experts in their field who are deeply committed to protecting public safety and our natural resources while maintaining a regulatory environment that allows the energy industry to remain a cornerstone…

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Texas Alliance responds to Obama’s proposed $10/bbl tax

The following statement was released by George Rogers, chairman of the board of the Texas Alliance of Energy Producers, in response to President Obama's announcement yesterday, that he will propose a $10/bbl tax on the sale of crude oil produced in the U.S. "President Obama's proposed $10 tax on each barrel of crude oil produced in the U.S. is another needless attempt to strangle an industry that is critical to our nation's economy and national security. A $10/bbl tax on…

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Battle of Three Oil Benchmarks Upending Crude Flows Across Globe

The oil tanker Tofteviken is set to sail from the U.K. this month carrying the first shipment of North Sea Ekofisk crude to the U.S. Gulf Coast in five years. More than 7,000 miles away, the Syros Warrior is due to deliver Siberian oil to the Chinese port of Qingdao, part of a record surge of cargoes that’s helped Russia overtake Angola as the Asian nation’s second-biggest supplier. Back in Texas, a tanker of crude is scheduled to sail for…

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Obama Seeks $10-Per-Barrel Oil Tax to Fund Clean Transport

WASHINGTON (AP) — President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change. Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected face solid opposition from Republicans who control Congress and oppose new taxes and Obama's energy policies. Still, the White House hopes the proposal will drive a debate about the need to get energy producers…

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Once Largely Ignored, Oil And Gas ‘Gathering’ Pipelines Become A Concern In Texas

In the last few years in Texas, oil and gas well operators have laid hundreds of miles of new pipelines to carry crude oil and natural gas. Some of the pipes have leaked. Some have exploded. They are called gathering pipelines. They’re pipelines that gather oil or natural gas from wells then connect to processing facilities or tanks miles away. In Texas, Houston Public Media found there are over 6,000 miles of such gathering lines, up 33-percent in just the…

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