Regulation

Tougher fracking rules in Alaska

Source: 
Platts

New, more stringent rules on hydraulic fracturing in Alaska, which will require testing in water wells nearby, have been approved by the state's oil and gas regulators and await Lt. Gov. Mead Treadwell's signature, Platts reports.

Companies, energy groups urge Fed to keep banks in commodity trading

Source: 
Reuters

Pushing banks and major financial institutions out of physical commodity trading would hike costs for major corporations like UPS as well as companies in the energy sector, according to submissions made to the Federal Reserve, which is considering regulations on the matter, Reuters reports.

House committee votes to block EPA ability to revoke mining fill permits

Source: 
The Hill

The Environmental Protection Agency wouldn't be able to block permits allowing mining companies to dump fill into waterways once the Army Corps of Engineers has signed off on them, under a measure that's now moved through the House Transportation and Infrastructure Committee, The Hill reports.

Kornze gets Senate approval to head BLM

Source: 
The Washington Post

Neil Kornze, who has worked in the office of Sen. Majority Leader Harry Reid, D-Nev., in the past, has won Senate confirmation of his appointment as director of the Bureau of Land Management, The Washington Post reports.

Oil

Oil company fined for failing to report production

ARTESIA, N.M. (AP) — The federal government is fining an Artesia oil man more than $700,000 for failing to submit reports on production on its federal leases in New Mexico.

The Department of the Interior's Office of Natural Resources Revenue said Tuesday it has assessed Louis Fulton, doing business as C.F.M. Oil Company , a $717,136 civil penalty.

Shell photo
Oil

Interior prepares to propose Arctic Drilling Rule

Bureau of Safety and Environmental Enforcement Director Brian Salerno on Tuesday said the Interior Department is getting ready to unveil its new offshore Arctic oil and gas drilling safety rule.

In a blog post, Salerno said BSEE has been working with the Interior Department's offshore leasing arm, the Bureau of Ocean Energy Management, to develop the new Arctic Drilling Rule. The department had hoped to make the proposal public by the end of 2013, but pushed back its release in part because of the government shutdown last October.

EPA's nascent ozone rule under attack from earliest stages

Source: 
National Journal

Republicans have been attacking the Environmental Protection Agency's next ozone rule from the very early stages of the process, with House Science Chairman Lamar Smith, R-Texas, writing to Administrator Gina McCarthy to complain that the agency's Clean Air Scientific Committee is failing to provide an independent scientific review, National Journal reports.

Business leaders urge global cap on carbon

Source: 
Bloomberg

A group of 70 major corporations, including Royal Dutch Shell and Unilever, have signed a statement urging governments to adopt a carbon emissions cap of 1 trillion metric tons, calculated from the start of the Industrial Revolution, Bloomberg reports.

Coal-state Democrats split from administration over carbon rules

Source: 
Bloomberg

The Obama administration won't be getting backing from Democrats campaigning in coal states for rules limiting power plants' carbon emissions, Bloomberg reports.

Judges pose tough questions as RFS case hits court

Source: 
E&E

Judges hearing arguments in the oil industry's case against the Environmental Protection Agency's 2013 levels for the Renewable Fuel Standard gave both sides a grilling, asking why the EPA was so late in issuing its final rule, but also questioning why some of the companies found complying with it to be so difficult, E&E reports.

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