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The Department of Commerce has found that certain oil country tubular goods (OCTG) from Vietnam were not sold in the U.S. at prices below the normal value during the review period from September 1, 2018, to August 31, 2019. The review examined the transactions of SeAH Steel VINA Corporation and its U.S. affiliate, Pusan Pipe America, Inc. The preliminary results indicate no government control over these companies' exports and that no request was made to review Vietnam's overall export entity. Interested parties have a chance to comment on these findings, and the final results are expected within 120 days.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and vessels to its Specially Designated Nationals and Blocked Persons List (SDN List). This means the property and financial interests of these individuals, under U.S. jurisdiction, are blocked, and U.S. persons cannot conduct transactions with them. The listed vessels are linked to companies whose assets are blocked due to various executive orders. OFAC also updated information for a vessel already on the SDN List.

NOAA is expanding the Flower Garden Banks National Marine Sanctuary by about 104 square miles, adding 14 new reefs and banks in the Gulf of Mexico. This expansion will bring the total sanctuary area to approximately 160.4 square miles, and existing regulations will apply to these new areas. The expansion aims to protect the unique marine biodiversity, including coral reefs and habitats for endangered species like sea turtles and whale sharks. This decision follows extensive public consultation and scientific research to enhance marine conservation while balancing oil, gas, and fishing interests.

The Bureau of Ocean Energy Management (BOEM) has released a Draft Environmental Impact Statement (EIS) for the proposed Oil and Gas Lease Sale 258 in Alaska's Cook Inlet. This document is now open for public review and comment until March 1, 2021, with virtual public hearings scheduled for February 2021. The Draft EIS explores potential environmental impacts of the lease sale and considers alternatives to the proposal, focusing on protecting local wildlife and important ecological areas. Public feedback can be submitted through the Federal eRulemaking Portal.

The Susquehanna River Basin Commission issued a list of approvals for projects to use water consumptively, meaning the water will not be returned to the source, during January 2025. These approvals were granted under specific regulations outlined in the commission's rules. Among the projects approved are operations by companies like Chesapeake Appalachia, L.L.C., Coterra Energy Inc., and Repsol Oil & Gas USA, LLC, which involve using millions of gallons of water per day. Details, including the location and amount of water allowed for use, are provided in the notice.

The Environmental Protection Agency (EPA) plans to submit a request to renew their information collection on episodes of oil and hazardous substance releases. This supports regulations under CERCLA and the Clean Water Act. The EPA is seeking public comments on the necessity and practicality of the information being collected, as well as ways to reduce the burden on responders. The required reporting helps the government determine if federal action is needed to protect public health and the environment.

The Office of Natural Resources Revenue (ONRR) has issued a final rule that updates regulations on how oil, gas, and coal are valued for royalty purposes from Federal and Indian leases, and how civil penalties for certain violations are assessed. The rule reintroduces the option for gas lessees to use an index-based valuation method, removes some limitations on transportation and processing allowances, and clarifies definitions and procedures for valuation. It also explains that civil penalties for payment violations will be assessed more transparently, considering the monetary impact of the violation, and clarifies how ONRR considers mitigating and aggravating circumstances, aiming to increase transparency and fairness.

The Executive Order titled "Unleashing Alaska's Extraordinary Resource Potential" seeks to harness Alaska's abundant natural resources, such as energy and minerals, for national economic benefit and security. It directs various federal agencies to remove restrictions on resource development in Alaska, prioritizing projects like liquified natural gas (LNG) and oil and gas exploration. The order aims to reverse previous limitations, expedite permitting, and foster cooperation with state authorities while ensuring compliance with existing laws and policies. The order emphasizes that developing Alaska's resources will create jobs, help balance trade, and reinforce U.S. energy dominance.

ICE Clear Europe Limited has submitted a proposal to amend its Delivery Procedures, introducing a new section to facilitate the delivery of Murban Crude Oil Futures Contracts traded on ICE Futures Abu Dhabi. These changes, effective immediately, aim to ensure proper delivery and settlement procedures are in place, which comply with existing regulatory standards. The proposed amendments do not appear to affect competition or clearing member costs and have not received public comments. Public feedback is welcome by March 9, 2021, as part of the Securities and Exchange Commission's review process.

The Deepwater Horizon natural resource Trustees in Texas have released a draft plan to restore wetlands, coastal, and nearshore habitats affected by the oil spill. They are focusing on using dredged materials for this purpose, with an estimated cost of $40 million for seven proposed projects. Public comments on this plan are welcome until February 18, 2025, and a public meeting is scheduled for January 28, 2025, to discuss the proposals. Details about the plan and the comment submission process are available online.