The license for Iran to sell its oil has also been revoked. The U.S. military launched strikes against Iran after projectiles hit three commercial vessels in the Strait…
Read MoreOil and gas production
Interior Department Proposes Streamlined Oil, Gas, and Coal Regulations
The new proposal seeks to reduce the regulatory burden on energy companies, allowing them to focus on producing affordable, domestic energy for the country. The U.S. Department of…
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President Trump Announces Peace Deal with Iran
Pakistan confirms the signing of the finalized agreement for this Friday. President Donald Trump announced on Sunday that a peace deal with Iran had been finalized. “The Deal…
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State Department Sanctions Cuba’s State-Owned Oil and Gas Company
Secretary Rubio said that energy has been “weaponized” by the Cuban government. Secretary of State Marco Rubio recently announced sanctions against Cuba’s state-owned oil and gas company Union Cuba-Petroleo…
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Interior Provides Funding for Orphaned Well Cleanup
The assistant secretary said phase 3 of the State Formula Grant Guidance is now in effect. The Department of the Interior (DOI) has announced new guidance for the…
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Interior Department Advances Effort to Streamline Oil and Gas Permitting in Alaska
The Bureau of Land Management considers a new process to help streamline permitting for oil and gas infrastructure. Secretary of the Interior Doug Burgum announced an effort to…
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Treasury Secretary Extends Waiver on Russian Sanctions
The waiver allowing the sale of Russian oil has been extended for another 30 days, and is expected to generate about $150 million per day. U.S. Treasury Secretary…
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Energy Department Awards Contracts from SPR for Emergency Exchange
Members of the International Energy Agency are seeking to relieve oil supply disruptions. The Department of Energy announced the awarding of contracts for the exchange of roughly 53.3…
Read MoreEnergy Department Receives Bids for SPR Emergency Oil Exchange
The action is part of the International Energy Agency agreement that coordinated national strategic reserve releases. The U.S. Department of Energy opened competitive bidding last week for an…
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Treasury Secretary Outlines Potential Sanctions on China for Financial Support to Iran
The economic pressure on Iran contributed to the reopening of the Hormuz Strait. Treasury Secretary Scott Bessent discussed the “secondary sanctions“ the United States has threatened to impose…
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