LAGOS, Nigeria (AP) — Chevron Corp. said Tuesday it wants to auction off the rights it has to two offshore oil fields near Nigeria's coast, the latest foreign oil company moving to divest from the country as regulatory uncertainty looms in the nation.
Interior Secretary Sally Jewell has debuted with a pragmatic, business-like demeanor. But don't expect her to steer the Obama administration's energy policies in a different direction.
At a Thursday hearing before the Senate Energy and Natural Resources Committee on the department's 2014 budget, she served up the "give a little, take a little" energy agenda that Clearview Energy Partners managing director Kevin Book has said President Barack Obama is pursuing.
Interior Secretary Sally Jewell agreed Thursday to give more time for comments on a federal lands hydraulic fracturing rule, but refused to budge in the face of industry and lawmaker calls for new Atlantic Ocean drilling.
At a Senate Energy and Natural Resources Committee hearing, Jewell said she would heed requests from the oil industry and environmental groups that they be given more than 30 days to comment on the proposed rule.
The deadline will be extended an additional 60 days past the initial June 24 date, she said, into late August.
The budget proposal introduced by Rep. Paul Ryan, R-Wis., and Sen. Patty Murray, D-Wash., includes a provision to approve an agreement between the U.S. and Mexico to cooperate on offshore drilling along their maritime border, The Hill reports.
The American Petroleum Institute and the American Fuel and Petrochemical Manufacturers filed a legal brief against the Environmental Protection Agency in their lawsuit against the agency, alleging it has ignored several legal deadlines, The Hill reports.
The International Energy Agency boosted its forecasts for next year's daily oil consumption to 1.2 million barrels a day after the U.S. posted its highest consumption levels in the last five years, Bloomberg reports.
A White House aide said Center for American Progress founder John Podesta, an opponent of the Keystone XL pipeline, will recuse himself from any decision on the project when he begins his tour as special adviser to President Obama, Politico reports.
An inspector general report found that the Environmental Protection Agency was made aware that former senior executive John C. Beale, who recently pleaded guilty to stealing $900,000 posing as a CIA agent, was collecting unauthorized payments, The Washington Post reports.
Mississippi utility regulators rejected a proposal to merge Entergy Corp. and ITC Holdings Corp., arguing the deal could boost electricity rates by $300 million over the next three decades, The Associated Press reports.
The Mexican Senate gave general approval to an energy reform package endorsed by President Enrique Pena Nieto that would open the nation's oil sector to outside investment. After debates conclude, final approval is expected today, Reuters reports.
U.K. Committee on Climate Change Chairman John Gummer, the nation's top adviser on global warming issues, said a plan to cut carbon emissions in half is attainable and should be pursued despite increases in energy costs, Bloomberg reports.