OVERNIGHT ENERGY: Gulf drilling, climate science under House microscope

ON TAP THURSDAY: A House Natural Resources Committee panel will explore legislation to approve and implement a U.S.-Mexico agreement on oil-and-gas development in the Gulf of Mexico.

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The Transboundary Hydrocarbon Agreement was signed in 2012 by then-Secretary of State Hillary Clinton and Mexico’s foreign minister at a G-20 summit, and the bill would provide the “legal certainty needed” for the deal, according to committee Republicans.

“The bill would approve and implement the terms of the U.S.-Mexico Transboundary Hydrocarbon Reservoirs Agreement to govern the development of shared oil and natural gas resources between the United States and Mexico maritime border in the Gulf of Mexico,” a summary states.

Witnesses will include senior officials with the Interior and State departments. Click here for more information.

THE REST OF THURSDAY’S AGENDA:

Climate science in focus

A House panel will delve into climate science at a hearing designed to place “policy-relevant climate issues in context.”

“The purpose of the hearing is to provide Members a high-level overview of the most important scientific, technical, and economic factors that should guide climate-related decision-making this Congress,” states a summary of the hearing.

A subcommittee of the House Science, Space and Technology Committee will convene the hearing.

Click here for more info.

Keystone talk on tap for Canadian official, lawmakers ...

Canadian Natural Resources Minister Joe Oliver has a full schedule of Washington, D.C., meetings Thursday in which he will advocate for the proposed Keystone XL oil sands pipeline.

Oliver will speak with Sen. Lisa Murkowski (R-Alaska), the top Republican on the Senate Energy and Natural Resources Committee, House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) and a senior State Department official.

Oliver — and the Canadian government overall — has been lobbying Congress and the White House to approve the Canada-to-Texas pipeline. It's a potential revenue-booster for Ottawa, and the government has touted the pipeline as a way to bring jobs and oil from an ally to the U.S.

But the pipeline's opponents — green groups and liberal Democrats — say the jobs claims are exaggerated. They also worry about the impact building the pipeline could have on raising greenhouse gas emissions.

On Wednesday Oliver spoke with E2-Wire.

... and for Interior Secretary Jewell (sort of)

Oliver also will meet with Interior Secretary Sally Jewell on Thursday.

He said Keystone would surely surface, but that's not the mission of his visit with the new Interior chief.

Oliver said wants to converse with Jewell on more "below-the-radar" energy issues.

Those topics include energy efficiency and upgrading the electric power grid.

Peer into renewable energy’s future

Rep. Rush Holt (D-N.J.), the Worldwatch Institute, and the Renewable Energy Policy Network for the 21st Century (REN21) will host a Capitol Hill briefing on renewable energy.

It will explore the “the status and future of renewable energy in the United States and around the world.”

Click here for more.

OPEC’s market sway examined


The libertarian CATO Institute will host FedEx CEO Frederick Smith and others for a look at “the impact of cartel behavior on global oil prices and the challenge to free markets.”

Smith is very active in a group called Securing America’s Future Energy (SAFE) that promotes efforts to drive down import reliance by boosting U.S. production and curbing demand.

“Thursday’s event will feature a discussion on Competition in Global Oil Markets: A Meta-Analysis and Review, a new study authored by Andrew Morris and Roger Meiners and published by SAFE that analyzes the impact of the OPEC cartel on the global oil market and prices,” an advisory states.

Click here for more.


IN CASE YOU MISSED IT:

Check out these stories that ran on E2-Wire Wednesday ...

— Canadian official talks Keystone with congressional energy leaders, administration
— Issa: Mitt Romney would have spotted Fisker risks
— Obama’s security adviser: US oil boom won’t lessen Mideast focus
— EPA: We’re not spying on people
— Lawmakers float renewable energy finance bill
— Defending Keystone, Canadian official rips top US climate scientist
— EPA chief: Permit vetoes aren’t used ‘frivolously’


NEWS BITES:

US, South Korea defer nuclear energy decision

The Washington Post has the latest on nuclear energy collaboration between the U.S. and South Korea, and a setback in the relationship.

From the Post:

The U.S. and South Korea are extending for two years their current civilian nuclear agreement and postponing a contentious decision on whether Seoul will be allowed to reprocess spent fuel as it seeks to expand its atomic energy industry.

Wednesday’s announcement is a setback to South Korea’s new leader, Park Geun-hye, who had made revision of the 39-year-old treaty one of her top election pledges, but it alleviates a potential disagreement between the allies when Park visits Washington in two weeks to meet with President Barack Obama.

Click here for the whole story.

Where’s Iran’s oil?

Reuters reports on Iran’s oil sector as the nation is under pressure over its nuclear program. From their story:

Iran is storing millions of barrels of oil on tankers in its territorial waters as Tehran struggles with tougher Western sanctions on its vital seaborne export trade, ship industry sources say.

Click here for the whole thing.


Please send tips and comments to Ben Geman, ben.geman@thehill.com, and Zack Colman, zcolman@thehill.com.

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