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Declaring “perhaps no aspect of America’s economy has been as overregulated as energy,” Majority Leader Kevin McCarthy (R-Calif.) said the US House will begin work to repeal, under the Congressional Review Act, the US Bureau of Land Management’s methane venting and flaring rule and the Security and Exchange Commission’s requirement that US oil and gas and other resource extraction companies disclose payments to foreign governments.

Both US and Brent benchmark oil futures eased on Jan. 27 upon a jump in the weekly US rig count. Light, sweet crude oil continued to edge lower in early Jan. 30 trading, which analysts still attributed to the rig count.

Barry Larson has been named chief executive officer of Pacific Exploration & Production Corp. effective Feb. 20.

Canada’s National Energy Board (NEB) will restart its hearing on TransCanada Corp.’s Energy East crude pipeline from the beginning. The new hearing panel assigned Jan. 9, 2017, to review the Energy East and Eastern Mainline applications has voided all decisions made by the previous panel. These decisions will be removed from the official hearing record.

US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) and two national natural gas trade associations separately expressed their concerns over the Federal Energy Regulatory Commission’s no longer having enough members for a quorum once Chairman Norman Bay leaves on Feb. 3.

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