Growing party infighting makes Washington, D.C., a difficult place for the energy industry to get things done.
With an expectedly close presidential election and small margins of control in both houses of Congress, more policy and regulatory unpredictability is certain for the U.S. oil and gas industry.
Natural gas mergers can bring more federal attention, and Chesapeake and Southwestern’s dominant positions in the Haynesville Shale and Appalachian Basin are likely to raise eyebrows.
Expect energy policy to be a dominant theme in the 2024 elections.
Chevron and Exxon are set to write off billions of dollars worth of California assets because of strict laws and regulations that the companies say won’t change oil consumption but will shift profits to foreign producers such as Saudi Arabia.
Louisiana’s Office of Conservation is “staffed up and ready” after the EPA granted the state oversight of carbon sequestration wells.
The U.S. Treasury Department's proposed rules aim to help jumpstart the hydrogen market in the U.S., but some say the proposal lacks flexibility.
The future of domestic energy policy hangs on the balance of the Inflation Reduction Act's efficacy, a carbon tax adoption and consumers embracing electric vehicles.
The U.S. Treasury Department lifted its ban on secondary market trading of Venezuelan bonds in October, prompting prices of Venezuelan and PDVSA bonds to rise as investors expect a renegotiation of debt.
New hydrogen grants, on top of Inflation Reduction Act (IRA) incentives, are likely to create more opportunities for private investment.