The interim president signed a law opening up privatization as the U.S. secretary of state testifies on the administration’s intentions before the Senate. President Donald Trump and Secretary…
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OFAC Sanctions Iran’s “Shadow Fleet” of Oil Vessels
The agency says that the Iranian ships carry products that fund proxies and missiles. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on…
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U.S. Captures 6th Venezuelan Oil Tanker
U.S. Southern Command stated the vessel was attempting to defy U.S. sanctions against Venezuela. U.S. forces boarded and seized a Guyana-flagged crude tanker this past week that attempted…
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President Trump Cancels Follow-Up Attacks After Venezuela Releases Political Prisoners
He calls their release shows that the government is “seeking peace.” President Donald Trump called the release of political prisoners by Venezuela a “gesture of good will” as…
Read MoreU.S. Forces Seize Sanctioned Oil Tankers
Crews are expected to face prosecution for transporting sanctioned Venezuelan oil. The U.S. military and Coast Guard announced that they seized two sanctioned oil tankers this week –…
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House Passes Bill to Facilitate Natural Gas Pipeline Permitting
FERC to become the lead environmental review agency for pipeline projects. The House of Representatives recently passed a bill to expedite natural gas pipeline projects by making the…
Read MorePresident Trump Announces U.S. Seizure of Venezuelan Oil Tanker
The president says, “It was seized for a very good reason.” President Donald Trump announced on Wednesday that the U.S. Coast Guard, assisted by the U.S. Navy, had…
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Interior Department Releases Five-Year Plan for Offshore Drilling Leases
This new schedule represents the most active offshore oil and gas leasing plan in decades. The Interior Department recently released a five-year plan in support of offshore oil…
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Senate Vote Overturns Rule Prohibiting Oil and Gas Drilling in Alaska
The upper chamber utilized the Congressional Review Act to reverse the decision of the prior administration. Under the Congressional Review Act (CRA), the Senate has overturned a prohibition…
Read MoreTreasury Department Sanctions 50 More Iranian Entities
The fourth round of new sanctions seeks to pressure the oil and gas network. The Treasury Department’s Office of Foreign Assets Control (OFAC) recently announced sanctions on 50…
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