Search Results for keywords:"Repsol Oil

The Federal Energy Regulatory Commission (FERC) has completed its five-year review of the oil pipeline index, which is used to adjust annual oil pipeline rate ceilings. The new index, effective July 1, 2021, will be the Producer Price Index for Finished Goods plus 0.78%. This decision follows a Notice of Inquiry issued in 2020 and includes considerations like trimming data to the middle 80% of cost changes and removing the effects of an income tax policy change from calculations. The Commission's decision aims to ensure rates reflect typical industry-wide cost trends, but it has faced criticism from Commissioner Richard Glick, who argues that the new methodology unduly favors pipeline companies at the expense of consumers.

The Department of Justice has approved a proposed settlement with United Molasses, Inc. under the Oil Pollution Act concerning oil discharges at Terminal 4 in Richmond, California. As part of the settlement, United Molasses, Inc. will pay $650,000 to settle claims for damage to natural resources. The public can review and comment on this agreement until January 10, 2025, by contacting the Assistant Attorney General, Environment and Natural Resources Division. Further details and access to the settlement document are available on the Justice Department's website.

The Bureau of Land Management has proposed to reinstate an oil and gas lease in Lea County, New Mexico, originally held by EOG Y Resources Inc. This action follows the lessee's request for reinstatement and payment of owed rentals since the lease termination. The lease will be reinstated under original conditions, with some changes such as increased rental and royalty rates, and the lessee has agreed to these updated terms along with paying necessary administrative and publication fees.

The Bureau of Land Management (BLM) has issued a final rule to adjust civil monetary penalties for onshore oil and gas operations and coal trespass due to inflation. This update, effective January 17, 2025, follows the requirements of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The rule does not allow for public comment due to its non-discretionary nature, and it outlines increases in specific monetary penalties to maintain their deterrent effect. The adjustments are calculated using a multiplier based on the change in the Consumer Price Index from October 2023 to October 2024.

The United States, on behalf of the Department of the Interior and the State of Iowa, is seeking public comments on a proposed settlement with Canadian Pacific Railway (CP). This settlement addresses the damage to natural resources caused by an ethanol spill from a derailed CP train near the Mississippi River in 2015. CP has agreed to pay $282,391 for restoration efforts, and in return, will not face legal action from the trustees for these claims. The public has 30 days from the notice's publication date to submit comments, which can be sent via email or mail.

The Agricultural Marketing Service (AMS) proposed a rule affecting spearmint oil production in Washington, Idaho, Oregon, and parts of Nevada and Utah. For the 2024-2025 marketing year, which started on June 1, 2024, they plan to increase the allowable quantity of Native spearmint oil that can be sold from 678,980 pounds to 731,220 pounds, and to raise the allotment percentage from 26 percent to 28 percent. This change is intended to better match supply with estimated demand and maintain market stability. The public has until December 19, 2024, to comment on this proposed adjustment.

The Federal Energy Regulatory Commission (FERC) is asking the public for comments on reports from oil pipeline companies, known as FERC Forms 6 and 6-Q. These forms help FERC ensure that oil transportation rates are fair and keep track of oil pipelines' financial health. FERC is collecting comments to make improvements to their reporting process and to extend the requirement for these forms for another three years. People who want to share their thoughts need to send in their comments by May 27, 2025.

The Bureau of Ocean Energy Management (BOEM) has issued a final rule that updates the maximum daily civil penalties for violations related to the Outer Continental Shelf Lands Act (OCSLA) and the Oil Pollution Act of 1990 (OPA). These updates adjust for inflation, applying a 2025 multiplier set at 1.02598, which reflects inflation from October 2023 through October 2024. The adjusted penalties now stand at $55,764 for OCSLA and $59,114 for OPA violations. These changes, effective January 13, 2025, ensure BOEM penalties maintain their deterrent effect and comply with the Federal Civil Penalties Inflation Adjustment Act. The adjustments are automatic and exempt from the usual rulemaking procedures like public commentary.

The Department of the Interior is inviting the public to comment on the Florida Trustee Implementation Group's Draft Restoration Plan 2 and Environmental Assessment. This plan suggests projects to restore natural habitats, sea turtles, marine mammals, and birds, and to boost recreational activities in Florida following the Deepwater Horizon oil spill. The proposals, which cost around $62.2 million, also aim to compensate for the lost recreational opportunities caused by the spill. Public comments are accepted until March 29, 2021, and a public webinar will be held on March 11, 2021, to discuss the proposal and gather feedback.

The Surface Transportation Board reviewed a petition from the Seven County Infrastructure Coalition to build an 85-mile railway in Utah to connect the Uinta Basin with the national rail network. The Coalition seeks an exemption from the usual prior approval requirements, arguing that the rail line will provide critical transportation benefits and support local industries. While there is significant support, including endorsements from state officials, there is also opposition citing financial viability concerns and potential environmental impacts. The Board has made a preliminary decision on the transportation merits but will only finalize its decision after completing an environmental review.