The order requires two Eddystone Units to remain available through May 2026. U.S. Secretary of Energy Chris Wright issued an emergency order directing PJM Interconnection L.L.C. (PJM) and…
Read MoreOil and gas production
President Trump Orders Risk Insurance for Tankers Transiting the Strait of Hormuz
The U.S. Development Finance Corporation is to provide insurance and guarantees. President Donald Trump announced a plan to secure the transit of oil tankers through the Strait of…
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President Trump to Visit Venezuela and Meet with Interim President Rodriguez
The energy secretary recently traveled there to discuss potential energy deals. President Donald Trump announced his intention to visit Venezuela, concurrently commending interim leader Delcy Rodriguez. President Trump’s…
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Administration Provides Oversight on Changes to Venezuelan Oil Industry
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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