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The Office of Foreign Assets Control (OFAC), a part of the U.S. Department of the Treasury, has released a list of individuals, entities, and vessels now on their Specially Designated Nationals and Blocked Persons List. This action is based on OFAC's criteria, which show these parties meet specific legal standards and are connected with Venezuela's economic sectors, especially oil. The inclusion means all their U.S. assets are blocked, and U.S. persons are generally banned from doing business with them. The list includes people and companies from various countries such as Switzerland, Italy, Venezuela, and entities linked to the Venezuelan oil industry.

EnCap Investments L.P., Verdun Oil Company II LLC, XCL Resources Holdings, LLC, and EP Energy LLC have petitioned the Federal Trade Commission (FTC) to change and remove certain prior approval requirements in a decision made on September 13, 2022. The companies argue that these requirements are unnecessary since they no longer operate in the affected area and claim the regulations negatively impact competition and investment. They also highlight significant changes in the competitive landscape of the Uinta Basin, such as increased production and changes in market participants. The FTC is seeking public comments on this petition until April 30, 2025.

The Department of Energy has announced that the Industry Advisory Board (IAB) to the International Energy Agency (IEA) will hold meetings on March 26 and 27, 2025. These meetings will take place both in person at the IEA Headquarters in Paris and via webinar. The purpose is to allow U.S. company representatives to attend a joint meeting with the IEA's Standing Group on Emergency Questions (SEQ) and the Standing Group on the Oil Market (SOM), as well as specific sessions focused on energy security. The meetings will cover updates on oil markets, energy security developments, and recent international events impacting energy.

The Susquehanna River Basin Commission has announced approvals for projects regarding the consumptive use of water that were granted in March 2025. These approvals allow various companies to use specific amounts of water for their operations under certain regulations. The announcement includes the names of companies, the locations of their projects, and the maximum amounts of water they are authorized to use per day. This process is part of the Commission's regulatory oversight to manage water resources responsibly.

In a memorandum dated January 6, 2025, the President of the United States directed the withdrawal of certain areas in the Northern Bering Sea Climate Resilience Area from being available for oil and natural gas leasing. This decision aims to protect marine and coastal environments, considering the area's vulnerability to oil spills and the urgent need to address climate change. The withdrawal affects specific regions but does not impact existing leases or previous withdrawals made under different executive orders. The memorandum emphasizes being responsible stewards of the environment while trying to build resilience against climate change.

The U.S. Department of Commerce has announced the final results of an administrative review concerning countervailing duties on oil country tubular goods (OCTG) from Korea, specifically for the SeAH Steel Companies. They found that no countervailable subsidies were provided to these companies during the review period from September 29, 2022, to December 31, 2022. As a result, there will be no countervailing duties assessed, and no cash deposits will be required for future imports of these goods from the SeAH Steel Companies. These final results are effective as of February 21, 2025.

The Department of Commerce has decided to cancel the review of countervailing duties on certain oil country tubular goods imported from Turkey during the year 2019. This decision follows the withdrawal of the review request by the interested parties who initially asked for it. Since no other parties requested a review, the process is now rescinded entirely. The department plans to instruct U.S. Customs and Border Protection to assess duties based on existing cash deposit rates accordingly.

The memorandum, issued by the Executive Office of the President, withdraws certain areas of the United States Outer Continental Shelf from being available for oil and natural gas leasing. This decision affects regions in the Gulf of Mexico, the Atlantic, and the Pacific, considering the protection of fragile marine ecosystems, coastal environments, and the need to mitigate climate change. The withdrawal applies indefinitely and does not impact rights under existing leases in these areas.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released a notice listing individuals, companies, and vessels that have been added to the OFAC's Specially Designated Nationals and Blocked Persons List (SDN List). This designation is based on various legal criteria, primarily relating to activities in the Russian Federation's energy and financial services sectors. The properties and interests of these entities, under the U.S. jurisdiction, are blocked, and American citizens and companies are generally restricted from conducting transactions with them. The notice includes detailed information, including dates, contact details, and online resources for further information on these sanctions.

ZF Transmissions Gray Court LLC has submitted a notification for planned production activities at its facilities in Gray Court and Fountain Inn, South Carolina. This notification, which follows the Foreign-Trade Zones Board's regulations, outlines the use of specific foreign-status materials and the manufacturing of various electric vehicle components like transmissions and electric drives. Certain materials may face import duties depending on their country of origin. Interested parties can send their comments via email to the Board's Executive Secretary by June 2, 2025.