Senate Committee Unveils Energy Policy Modernization Act

Baker Hughes

The U.S. Senate Committee on Energy and Natural Resources on July 22 introduced the Energy Policy Modernization Act of 2015, a bill that addresses a wide range of U.S. energy sector issues, including the strategic petroleum reserve and applications for the export of natural gas.

“After months of working together, the bipartisan legislation we introduced today marks a critical step toward the modernization of our federal energy policies,” Sen. Lisa Murkowski (R-Alaska), chairman of the committee, said in a July 22 statement. “By focusing on areas where agreement was possible, we have assembled a robust bill with priorities from many senators that will promote our economic growth, national security, and global competitiveness.”

Introduction of the bill follows a series of hearings held earlier this year by the committee to receive testimony on energy-related bills introduced in the 114th Congress.

The bill would amend the Energy Policy and Conservation Act to require the U.S. Department of Energy to notify Congress prior to any Strategic Petroleum Reserve (SPR) test sale, with an exception for emergency drawdowns, and to submit a report following any sale.

In addition, the bill would require the Secretary of Energy to issue a final decision, approving or disapproving, any application to export natural gas to countries that do not have free trade agreements with the U.S. no later than 45 days after the Federal Energy Regulatory Commission or Maritime Administration concluded a review under the National Environmental Policy Act.

LNG
ADIPEC


Take A Bow


Magnolia LNG, Meridian LNG Sign Capacity Agreement


Stellar Amenities: Halliburton Workers Prepare a Well Deserved Meal Early 1950s


Why Big Data in M&A Doesn’t Work


Developing Technology: Humble Oil (Standard Oil) Offshore Rig 1950s


Transportation & Logistics History: J.M. English Trucking Company Early 1930s


Targeted Training with the LWCC Mobile Safety Training Center: Customer Testimony


Texas Oil and Gas Association Promotes Resources That Improve Oilfield Safety, Save Lives at 2015 Houston Oilfield Expo


Texas Allocates $4.47M to Seismic Monitoring Program


FERC to Prepare EA for San Elizario Crossing Project


RRC’s Porter Testifies on Oil Export Ban


Three Bottom-line Building Ways 3D Printing is Quietly Revolutionizing the Oil and Gas Industry


Oklahoma Regulators Expand ‘areas of interest’ for Disposal Well Directive


Q&A with Jason Spiess: Brian Lash – Target Logistics


Iran Agreement is Two-headed Monster


DOE Grants G2 LNG Authority to Export to Countries with U.S. Free Trade Agreements


Oil & Gas History: Texas Iron Works Early 1930s


API: Proposed rule ‘could make offshore operations less safe’


Severe Flooding Led to ‘significant downtime’ at Mid-Con Properties in 2Q15


Safety Offshore: Halliburton Diver Servicing a Blowout Off the Coast of Louisiana Early 1950s


America Resources Acquires Interest in East Texas Wells


BOEM Issues Record of Decision for Western Gulf of Mexico Planning Area Lease Sale


Industry Reacts to EPA Actions


Waters of the U.S. Rule Affects O&G Industries ‘Almost from Top to Bottom’


Gulf South Pipeline Submits Application for Coastal Bend Header Project


FERC Begins Environmental Review of Four Texas Liquefaction Projects


How to Thrive as an Exhibitor in the Face of Low Oil Prices


Energy Scene: Oil Patch BBQs


The Original Oilmen: Glenn McCarthy and Michel T. Halbouty Early 1930s


Why Your Dedicated Employees are Your Worst Enemy


Rules and Standards


A Family Company Dedicated to the Industry


Railroad Administration Releases Rule on Unattended Trains


Oilman Cartoon – September/October 2015


Nothing Moves Without Energy!


Senate Committee Unveils Energy Policy Modernization Act

E-Fuels
Expo