American Oil and Gas Reporter - November 2023 - 15
IndustryDigest
Biden Lifts Sanctions
On Oil From Venezuela
WASHINGTON-The Biden
administration has lifted key economic
sanctions against Venezuela, including
that country's crude oil exports, as part
of an agreement with Venezuelan
President Nicolas Maduro. Press
accounts note that the United States
imposed the sanctions in 2019 after
Venezuela's 2018 disputed presidential
election, when Maduro refused to cede
power to opposition leader Juan Guaido.
An Oct. 18 document from the U.S.
Department of Treasury describes the
political agreement with Maduro's
representatives as part of the Biden
administration's effort to support the
peaceful restoration of democracy,
competitive elections and respect for
Venezuelans' rights and freedoms.
" In line with this policy, and in
recognition of the concrete steps taken,
the United States is authorizing certain
transactions that would otherwise be
prohibited pursuant to the Venezuela
sanctions program, " the document says.
" The U.S. government retains the
authority to rescind authorizations
should the representatives of Maduro
fail to follow through on their
commitments, and all other sanctions
prohibitions imposed by the United
States with respect to Venezuela,
including on the government of
Venezuela, remain in place. "
Along with authorizing certain
suspended measures that pertain to
Venezuela's oil and gas sector
operations, the agreement suspends
certain sanctions on Venezuela's gold
sector and allows purchases in the
secondary market of certain Venezuelan
sovereign bonds and equity.
The Treasury Department's Office
of Foreign Assets Control indicates it
has issued a general license that
includes the sale of oil and gas from
Venezuela to the United States and
other jurisdictions, as well as payment
of taxes, royalties, costs, fees,
dividends and profits related to oil and
gas sector operations or transactions
involving national oil company
Petróleos de Venezuela S.A. The
transactions are authorized through
April 18, 2024, the administration
says, and will remain as such only if
Maduro's government meets its
commitments to continue taking
concrete steps toward a democratic
election by the end of 2024.
The administration's move drew fire
from numerous U.S. policymakers,
including senators John Barasso, RWy.,
Marco Rubio, R-Fl. and Joe
Manchin, D-W.V., who characterize the
decision as an attempt to shield U.S.
consumers from the consequences of
Biden's policies to frustrate U.S. oil
and gas production.
" On the heels of announcing the
smallest five-year offshore oil and gas
leasing plan in decades, this
administration is turning to Venezuela
. . . one of the world's dirtiest energy
producers and an oppressor of its own
people, to help make up the production
that (it refuses) to allow in America, "
Manchin laments. " I understand that
the administration believes this will
encourage Venezuela to make
democratic reforms. That has been
tried, and we have failed before. It
makes no sense at all to reward bad
actors before they actually take the
action you want. We tried that with
Iran, and now here we are with
Venezuela. " ❒
Biden's CRA Vetoes
Elude Override Effort
WASHINGTON-An attempt to
override President Biden's veto of a
Congressional Review Act resolution to
halt a federal Endangered Species Act
listing for the lesser prairie chicken
(LPC) has fallen 20 votes short of the
necessary two-thirds U.S. Senate
majority. The Senate also failed to
override a measure to delist the northern
long-eared bat.
The LPC's habitat extends
throughout portions of Texas,
Oklahoma, New Mexico, Kansas and
Colorado. Although oil and gas groups
such as the Permian Basin Petroleum
Association expressed hope that Biden
would sign the resolution, they also
acknowledged it was unlikely (AOGR,
October 2023, pg. 142).
Senator Roger Marshall, R-Ks., who
sponsored SJ Res. 9 to nullify the bird's
listing, has criticized Biden's veto, and
says the ESA listing will weaken U.S.
food and energy output. " No one wants
the LPC to go extinct, but a designation
of the LPC as endangered will likely do
nothing to grow its population, "
Marshall maintains. " In fact, less than
2% of all species listed under ESA
protection have been removed from the
list since its creation in 1973.
" In the past, we have featured
several producers and partnerships
who have made great strides in saving
the LPC and wildlife across the state, "
the senator adds. " Their efforts
deserve celebration and further prove
that public-private partnerships, not
federal overreach, will be what saves
the LPC. " ❒
FERC OKs GTN Xpress,
Louisiana LNG Terminal
WASHINGTON-At its Oct. 19
meeting, the Federal Energy Regulatory
Commission approved some
infrastructure proposals that have drawn
fire from oil and natural gas opponents.
One such proposal, the GTN Xpress
project, seeks to expand a 1,377-mile
pipeline that originates at the Canadian
border and runs through portions of
Idaho, Washington and Oregon, where it
connects with a pipeline that extends
into California.
According to FERC documents,
developers sought authorization to
install, construct, modify and operate
natural gas compression facilities at
compressor stations in Kootenai
County, Id., Walla Walla County, Wa.,
and Sherman County, Or., to enable
GTN to provide an additional 150,000
dekatherms a day (about 147 million
cubic feet of gas a day) of firm
transportation service on its mainline
system.
Environmental groups and elected
officials, including Washington
Governor Jay Inslee and senators Jeff
Merkley, D-Or., Patty Murray, D-Wa.,
Ron Wyden, D-Or., and Maria
Cantwell, D-Wa., urged FERC to
reject the project on climate grounds,
press accounts note. However, FERC
Acting Chairman Willie Phillips told
reporters the commission's
environmental review determined the
project would not " significantly
increase greenhouse gas emissions. "
FERC also authorized Venture
Global LNG's project in Louisiana,
which aims to ship 20 million metric
tons of LNG a year.
Anti-development groups and state
authorities indicate they are
investigating litigation options to halt
the projects. ❒
NOVEMBER 2023 15
American Oil and Gas Reporter - November 2023
Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2023
Contents
American Oil and Gas Reporter - November 2023 - Cover1
American Oil and Gas Reporter - November 2023 - Cover2
American Oil and Gas Reporter - November 2023 - Cover2
American Oil and Gas Reporter - November 2023 - 3
American Oil and Gas Reporter - November 2023 - Contents
American Oil and Gas Reporter - November 2023 - 5
American Oil and Gas Reporter - November 2023 - 6
American Oil and Gas Reporter - November 2023 - 7
American Oil and Gas Reporter - November 2023 - 8
American Oil and Gas Reporter - November 2023 - 9
American Oil and Gas Reporter - November 2023 - 10
American Oil and Gas Reporter - November 2023 - 11
American Oil and Gas Reporter - November 2023 - 12
American Oil and Gas Reporter - November 2023 - 13
American Oil and Gas Reporter - November 2023 - 14
American Oil and Gas Reporter - November 2023 - 15
American Oil and Gas Reporter - November 2023 - 16
American Oil and Gas Reporter - November 2023 - 17
American Oil and Gas Reporter - November 2023 - 18
American Oil and Gas Reporter - November 2023 - 19
American Oil and Gas Reporter - November 2023 - 20
American Oil and Gas Reporter - November 2023 - 21
American Oil and Gas Reporter - November 2023 - 22
American Oil and Gas Reporter - November 2023 - 23
American Oil and Gas Reporter - November 2023 - 24
American Oil and Gas Reporter - November 2023 - 25
American Oil and Gas Reporter - November 2023 - 26
American Oil and Gas Reporter - November 2023 - 27
American Oil and Gas Reporter - November 2023 - 28
American Oil and Gas Reporter - November 2023 - 29
American Oil and Gas Reporter - November 2023 - 30
American Oil and Gas Reporter - November 2023 - 31
American Oil and Gas Reporter - November 2023 - 32
American Oil and Gas Reporter - November 2023 - 33
American Oil and Gas Reporter - November 2023 - 34
American Oil and Gas Reporter - November 2023 - 35
American Oil and Gas Reporter - November 2023 - 36
American Oil and Gas Reporter - November 2023 - 37
American Oil and Gas Reporter - November 2023 - 38
American Oil and Gas Reporter - November 2023 - 39
American Oil and Gas Reporter - November 2023 - 40
American Oil and Gas Reporter - November 2023 - 41
American Oil and Gas Reporter - November 2023 - 42
American Oil and Gas Reporter - November 2023 - 43
American Oil and Gas Reporter - November 2023 - 44
American Oil and Gas Reporter - November 2023 - 45
American Oil and Gas Reporter - November 2023 - 46
American Oil and Gas Reporter - November 2023 - 47
American Oil and Gas Reporter - November 2023 - 48
American Oil and Gas Reporter - November 2023 - 49
American Oil and Gas Reporter - November 2023 - 50
American Oil and Gas Reporter - November 2023 - 51
American Oil and Gas Reporter - November 2023 - 52
American Oil and Gas Reporter - November 2023 - 53
American Oil and Gas Reporter - November 2023 - 54
American Oil and Gas Reporter - November 2023 - 55
American Oil and Gas Reporter - November 2023 - 56
American Oil and Gas Reporter - November 2023 - 57
American Oil and Gas Reporter - November 2023 - 58
American Oil and Gas Reporter - November 2023 - 59
American Oil and Gas Reporter - November 2023 - 60
American Oil and Gas Reporter - November 2023 - 61
American Oil and Gas Reporter - November 2023 - 62
American Oil and Gas Reporter - November 2023 - 63
American Oil and Gas Reporter - November 2023 - 64
American Oil and Gas Reporter - November 2023 - 65
American Oil and Gas Reporter - November 2023 - 66
American Oil and Gas Reporter - November 2023 - 67
American Oil and Gas Reporter - November 2023 - 68
American Oil and Gas Reporter - November 2023 - 69
American Oil and Gas Reporter - November 2023 - 70
American Oil and Gas Reporter - November 2023 - 71
American Oil and Gas Reporter - November 2023 - 72
American Oil and Gas Reporter - November 2023 - 73
American Oil and Gas Reporter - November 2023 - 74
American Oil and Gas Reporter - November 2023 - 75
American Oil and Gas Reporter - November 2023 - 76
American Oil and Gas Reporter - November 2023 - 77
American Oil and Gas Reporter - November 2023 - 78
American Oil and Gas Reporter - November 2023 - 79
American Oil and Gas Reporter - November 2023 - 80
American Oil and Gas Reporter - November 2023 - 81
American Oil and Gas Reporter - November 2023 - 82
American Oil and Gas Reporter - November 2023 - 83
American Oil and Gas Reporter - November 2023 - 84
American Oil and Gas Reporter - November 2023 - 85
American Oil and Gas Reporter - November 2023 - 86
American Oil and Gas Reporter - November 2023 - 87
American Oil and Gas Reporter - November 2023 - 88
American Oil and Gas Reporter - November 2023 - 89
American Oil and Gas Reporter - November 2023 - 90
American Oil and Gas Reporter - November 2023 - Cover3
American Oil and Gas Reporter - November 2023 - Cover4
https://www.nxtbook.com/nxtbooks/aogr/202407
https://www.nxtbook.com/nxtbooks/aogr/202406
https://www.nxtbook.com/nxtbooks/aogr/202405
https://www.nxtbook.com/nxtbooks/aogr/202404
https://www.nxtbook.com/nxtbooks/aogr/202403
https://www.nxtbook.com/nxtbooks/aogr/202402
https://www.nxtbook.com/nxtbooks/aogr/202401
https://www.nxtbook.com/nxtbooks/aogr/202312
https://www.nxtbook.com/nxtbooks/aogr/202311
https://www.nxtbook.com/nxtbooks/aogr/pbios_202310
https://www.nxtbook.com/nxtbooks/aogr/202309
https://www.nxtbook.com/nxtbooks/aogr/202308
https://www.nxtbook.com/nxtbooks/aogr/202307
https://www.nxtbook.com/nxtbooks/aogr/202306
https://www.nxtbook.com/nxtbooks/aogr/202305
https://www.nxtbook.com/nxtbooks/aogr/202304
https://www.nxtbook.com/nxtbooks/aogr/202303
https://www.nxtbook.com/nxtbooks/aogr/202302
https://www.nxtbook.com/nxtbooks/aogr/202301
https://www.nxtbook.com/nxtbooks/aogr/202212
https://www.nxtbook.com/nxtbooks/aogr/202211
https://www.nxtbook.com/nxtbooks/aogr/202210
https://www.nxtbook.com/nxtbooks/aogr/202209
https://www.nxtbook.com/nxtbooks/aogr/202208
https://www.nxtbook.com/nxtbooks/aogr/202207
https://www.nxtbook.com/nxtbooks/aogr/202206
https://www.nxtbook.com/nxtbooks/aogr/202205
https://www.nxtbook.com/nxtbooks/aogr/202204
https://www.nxtbook.com/nxtbooks/aogr/202203
https://www.nxtbook.com/nxtbooks/aogr/202202
https://www.nxtbook.com/nxtbooks/aogr/202201
https://www.nxtbook.com/nxtbooks/aogr/202112
https://www.nxtbook.com/nxtbooks/aogr/202111
https://www.nxtbook.com/nxtbooks/aogr/pbios_202110
https://www.nxtbook.com/nxtbooks/aogr/202109
https://www.nxtbook.com/nxtbooks/aogr/202108
https://www.nxtbook.com/nxtbooks/aogr/202107
https://www.nxtbook.com/nxtbooks/aogr/202106
https://www.nxtbook.com/nxtbooks/aogr/202105
https://www.nxtbook.com/nxtbooks/aogr/202104
https://www.nxtbook.com/nxtbooks/aogr/202103
https://www.nxtbook.com/nxtbooks/aogr/202102
https://www.nxtbook.com/nxtbooks/aogr/202101
https://www.nxtbook.com/nxtbooks/aogr/202012
https://www.nxtbook.com/nxtbooks/aogr/202011
https://www.nxtbook.com/nxtbooks/aogr/202010
https://www.nxtbook.com/nxtbooks/aogr/202009
https://www.nxtbook.com/nxtbooks/aogr/202008
https://www.nxtbook.com/nxtbooks/aogr/202007
https://www.nxtbook.com/nxtbooks/aogr/202006
https://www.nxtbook.com/nxtbooks/aogr/202005
https://www.nxtbook.com/nxtbooks/aogr/202004
https://www.nxtbook.com/nxtbooks/aogr/202003
https://www.nxtbook.com/nxtbooks/aogr/202002
https://www.nxtbook.com/nxtbooks/aogr/202001
https://www.nxtbook.com/nxtbooks/aogr/201912
https://www.nxtbook.com/nxtbooks/aogr/201911
https://www.nxtbook.com/nxtbooks/aogr/201910
https://www.nxtbook.com/nxtbooks/aogr/201909
https://www.nxtbook.com/nxtbooks/aogr/201908
https://www.nxtbook.com/nxtbooks/aogr/201907
https://www.nxtbook.com/nxtbooks/aogr/201906
https://www.nxtbook.com/nxtbooks/aogr/201905
https://www.nxtbook.com/nxtbooks/aogr/201904
https://www.nxtbook.com/nxtbooks/aogr/201903
https://www.nxtbook.com/nxtbooks/aogr/201902
https://www.nxtbook.com/nxtbooks/aogr/201901
https://www.nxtbook.com/nxtbooks/aogr/201812
https://www.nxtbook.com/nxtbooks/aogr/201811
https://www.nxtbook.com/nxtbooks/aogr/201810
https://www.nxtbook.com/nxtbooks/aogr/pbios_201810
https://www.nxtbook.com/nxtbooks/aogr/201809
https://www.nxtbook.com/nxtbooks/aogr/201808
https://www.nxtbook.com/nxtbooks/aogr/201807
https://www.nxtbook.com/nxtbooks/aogr/201806
https://www.nxtbook.com/nxtbooks/aogr/201805
https://www.nxtbook.com/nxtbooks/aogr/201804
https://www.nxtbook.com/nxtbooks/aogr/201803
https://www.nxtbook.com/nxtbooks/aogr/201802
https://www.nxtbook.com/nxtbooks/aogr/201801
https://www.nxtbook.com/nxtbooks/aogr/201712
https://www.nxtbook.com/nxtbooks/aogr/201711
https://www.nxtbook.com/nxtbooks/aogr/201710
https://www.nxtbook.com/nxtbooks/aogr/201709
https://www.nxtbook.com/nxtbooks/aogr/201708
https://www.nxtbook.com/nxtbooks/aogr/201707
https://www.nxtbook.com/nxtbooks/aogr/201706
https://www.nxtbook.com/nxtbooks/aogr/201705
https://www.nxtbook.com/nxtbooks/aogr/201704
https://www.nxtbook.com/nxtbooks/aogr/201703
https://www.nxtbook.com/nxtbooks/aogr/201702
https://www.nxtbook.com/nxtbooks/aogr/201701
https://www.nxtbook.com/nxtbooks/aogr/201612
https://www.nxtbook.com/nxtbooks/aogr/201611
https://www.nxtbook.com/nxtbooks/aogr/201610
https://www.nxtbook.com/nxtbooks/aogr/pbios2016_programguide
https://www.nxtbook.com/nxtbooks/aogr/201609
https://www.nxtbook.com/nxtbooks/aogr/201608
https://www.nxtbook.com/nxtbooks/aogr/201607
https://www.nxtbook.com/nxtbooks/aogr/201606
https://www.nxtbook.com/nxtbooks/aogr/201605
https://www.nxtbook.com/nxtbooks/aogr/201604
https://www.nxtbook.com/nxtbooks/aogr/201603
https://www.nxtbook.com/nxtbooks/aogr/201602
https://www.nxtbook.com/nxtbooks/aogr/201601
https://www.nxtbook.com/nxtbooks/aogr/201512
https://www.nxtbook.com/nxtbooks/aogr/201511
https://www.nxtbook.com/nxtbooks/aogr/201510
https://www.nxtbook.com/nxtbooks/aogr/201509
https://www.nxtbook.com/nxtbooks/aogr/201508
https://www.nxtbook.com/nxtbooks/aogr/201507
https://www.nxtbook.com/nxtbooks/aogr/201506
https://www.nxtbook.com/nxtbooks/aogr/201505
https://www.nxtbook.com/nxtbooks/aogr/201504
https://www.nxtbook.com/nxtbooks/aogr/201503
https://www.nxtbook.com/nxtbooks/aogr/201502
https://www.nxtbook.com/nxtbooks/aogr/201501
https://www.nxtbook.com/nxtbooks/aogr/201412
https://www.nxtbook.com/nxtbooks/aogr/201411
https://www.nxtbook.com/nxtbooks/aogr/201410
https://www.nxtbook.com/nxtbooks/aogr/201409
https://www.nxtbook.com/nxtbooks/aogr/pbios2014_programguide
https://www.nxtbook.com/nxtbooks/aogr/201408
https://www.nxtbook.com/nxtbooks/aogr/201407
https://www.nxtbook.com/nxtbooks/aogr/201406
https://www.nxtbook.com/nxtbooks/aogr/201405
https://www.nxtbook.com/nxtbooks/aogr/201404
https://www.nxtbook.com/nxtbooks/aogr/201403
https://www.nxtbook.com/nxtbooks/aogr/201402
https://www.nxtbook.com/nxtbooks/aogr/201401
https://www.nxtbook.com/nxtbooks/aogr/201312
https://www.nxtbook.com/nxtbooks/aogr/201311
https://www.nxtbook.com/nxtbooks/aogr/201310
https://www.nxtbook.com/nxtbooks/aogr/201309
https://www.nxtbook.com/nxtbooks/aogr/201308
https://www.nxtbook.com/nxtbooks/aogr/201307
https://www.nxtbook.com/nxtbooks/aogr/201306
https://www.nxtbook.com/nxtbooks/aogr/201305
https://www.nxtbook.com/nxtbooks/aogr/201304
https://www.nxtbook.com/nxtbooks/aogr/201303
https://www.nxtbook.com/nxtbooks/aogr/201302
https://www.nxtbook.com/nxtbooks/aogr/201301
https://www.nxtbook.com/nxtbooks/aogr/201212
https://www.nxtbook.com/nxtbooks/aogr/201211
https://www.nxtbook.com/nxtbooks/aogr/201210
https://www.nxtbook.com/nxtbooks/aogr/201209
https://www.nxtbook.com/nxtbooks/aogr/2012_pbios
https://www.nxtbook.com/nxtbooks/aogr/201208
https://www.nxtbook.com/nxtbooks/aogr/201207
https://www.nxtbook.com/nxtbooks/aogr/201206
https://www.nxtbook.com/nxtbooks/aogr/201205
https://www.nxtbook.com/nxtbooks/aogr/201204
https://www.nxtbook.com/nxtbooks/aogr/201203
https://www.nxtbook.com/nxtbooks/aogr/201202
https://www.nxtbook.com/nxtbooks/aogr/201201
https://www.nxtbook.com/nxtbooks/demo/aogr_clone
https://www.nxtbook.com/nxtbooks/aogr/201112
https://www.nxtbookmedia.com