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    Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships

    MicroSeismic wins second Department of Energy grant for carbon capture and storage services

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    LR green lights Rotoboost’s pre-combustion carbon capture system

    German Energy Regulator Does Not Dwarf Tough Road Ahead

    German Energy Regulator Does Not Dwarf Tough Road Ahead

    North Sea Hydrogen Pipelines Have A Huge Potential- Study

    North Sea Hydrogen Pipelines Have A Huge Potential- Study

    Study States European Natural Gas Rates To Multiply By 2024

    Russian Tax Overhaul Looks To Offset Oil Firms Revenue Dip

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

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    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

    Saudi Arabia’s NEOM hydrogen mega-project cost soars to $8.5 billion

    OERA & ONHYM Reach Agreement to Enhance Offshore Energy Research & Development

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    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

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    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

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    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

  • Market Reports
    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

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    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

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    Empire Petroleum buys US oil and gas assets from ExxonMobil

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House votes to lift U.S. oil export restrictions

Yuvraj_ong by Yuvraj_ong
October 13, 2015
in News, Pipelines & Transport
0

The vote was welcomed by industry groups and representatives, but critics branded it a “piece of meaningless political theater.”

In Friday’s vote, 26 Democrats joined 235 Republicans to support the legislation, which passed by a vote of 261-159. The legislation’s prospects in the Senate are less certain, and the White House has already threatened to veto it.

However, Reps. Joe Barton (R – TX) and Henry Cuellar (D – TX), who introduced the bill in February, applauded the vote. “With strong support, as seen in the House today, the President should see the need to act and stop playing politics with American jobs,” they said in a statement.

“House approval of legislation to lift the ban on crude oil exports is great news. It sends a strong signal that Congress will lead where the administration has failed. It is unfortunate that the White House wants to ignore broad bipartisan support for increasing exports of American energy to our friends and allies,” Sen. Lisa Murkowski, chairman of the Senate Energy and Natural Resources Committee, said.

“It defies logic that this administration wants to lift sanctions on Iran while keeping de facto sanctions in place on the U.S.”

API and PESA also welcomed the vote.

“Today’s vote starts us down the path to a new era of energy security, saving consumers billions and creating jobs across the country,” said API President and CEO Jack Gerard. “American producers would be able to complete on a level playing field with countries like Iran and Russia, providing security to our allies and accelerating the energy revolution that has revitalized our economy.”

“Ending the outdated prohibition on exporting U.S. crude will ensure that the oilfield services industry continues to be a leader in technology and innovation,” said Leslie Shockley Beyer, president of PESA.

“A modern policy will continue the U.S. energy industry’s role as a key catalyst for economic and job growth, both nationally and in individual communities around the country.”

However, Allied Progress, a group which opposes lifting the existing restrictions, downplayed the significance of the vote.

“The bill that passed in the House today has little chance of succeeding in the Senate and would be effectively dead on arrival if it ever reaches the President’s desk,” Karl Frisch, executive director of Allied Progress, said.

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