Archive for August, 2015
OPEC signals willingness to talk about cutting production to raise prices
OPEC says other producers – such as Russia – will have to share in lower production OPEC appears to have blinked in the global oil price war. The Saudi-led cartel appears read to talk to other producers about prices, according to an article in an OPEC publication issued on Monday. “Today’s continuing pressure on prices, brought […]
How Environmental NGOs use junk science, hysteria about fracking-induced earthquakes to trash energy projects – Part 2
Regulators do a good job of monitoring fracking-induced earthquakes, putting mitigation plans in place In Part 1 of this column I examined how ENGOs and their “experts” used flimsy science and exaggerated claims to call for the end of fracking in NE British Columbia. In Part 2, I deflate their criticisms of fracking-induced earthquakes. There […]
How Environmental NGOs use junk science, hysteria about fracking-induced earthquakes to trash energy projects – Part 1
Part 2 of column will show how facts don’t line up with ENGO’s version of fracking-induced earthquakes Recent controversy about fracking-induced earthquakes in NE British Columbia illustrates how North American environmental NGOs use junk science and hysteria to distort the public debate over energy infrastructure projects. The discussion was kicked off by an Aug. 17 4.6 […]
Maersk Oil to develop $4.5B North Sea gas field off Britain
Maersk Oil working with JX Nippon, BP on North Sea project HELSINKI _ Maersk Oil says it has permission from British authorities to develop a gas field off the British coast in the largest find in the North Sea in a decade. The Danish company said Monday the Culzean field, discovered in 2008, has an […]
Bank estimates oil prices remain low through 2016
Report says oil prices expected to rise to $55/b by end of 2016 Oil companies are in for at least another year of pain, according to Scotiabank’s latest commodity price index, with crude oil prices are expected to stay below US$50 a barrel for the next 12 months. The report by Patricia Mohr, a vice-president and […]
Murkowski: Obama should visit Alaska with open mind
Alaska has balanced environmental protection with development of oil, gas industry As Alaskans, we take great pride in welcoming visitors to our beautiful state. That is especially true when our guest is the President of the United States. When President Obama announced he would visit at the end of August, I thought of how exciting […]
Obama visits Alaska to draw attention to climate change, oil and gas industry
Obama trying to strike balance between Alaska energy industry, federal climate change initiatives With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska in the upcoming week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on […]
Shell Arctic drilling stops due to high winds, seas
Critics fear leak from Arctic drilling will ruin sensitive ecosystem ANCHORAGE, Alaska – Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory Arctic drilling. “Due to high wind and sea states, we have paused all critical operations in the Chukchi Sea,” said spokesman […]
Nexen Energy ordered to shut down 95 pipelines in Alberta
July 31, 2015 Nexen Energy pipeline spilled 31,449 barrels of bitumen, produced water, sand Alberta’s energy regulator has ordered Nexen Energy to immediately cease operations of 95 pipelines in northeastern Alberta. It issued the order late Friday due to what it calls non-compliance surrounding pipeline maintenance and monitoring in its Long Lake oilsands project. Alberta […]
American shale producers putting pressure on weaker OPEC members
Shale producers have plenty of room to reduce costs, small OPEC producers need high oil prices As global oil markets continue to roil, OPEC’s weak sisters are panicking and American shale producers are digging in for a long fight. Last week it was news of Algeria circulating a letter within OPEC lobbying oil ministers to restore […]
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