Archive for September, 2015
Canadian Arctic offshore drillers discouraged by Alaska abandonment
Arctic offshore drillers could have learned how to operate in northern waters CALGARY – Royal Dutch Shell’s decision to scrap plans to explore for oil off Alaska’s coast is sending a discouraging signal to those who want to see Canada’s Arctic offshore resources developed. Shell drilled a well in the Chukchi Sea this summer that indicated the presence […]
Big benefits from replacing leaky natural gas pipelines – Stanford study
Methane leaks mostly caused by ancient natural gas distribution cast-iron pipes, some over 125 years old A new study from Stanford University claims the benefits of replacing old, leaky natural gas distribution pipelines far outweigh the costs. Pipeline replacement programs in cities can cut natural gas leaks by 90 per cent, according to Rob Jackson, the Michelle and Kevin […]
French debate crackdown on diesel fuel in light of VW scandal
Diesel vehicles blamed for Paris pollution PARIS – Guidebooks rarely mention it, but Paris is one of the most polluted cities in the rich world. The Eiffel Tower is periodically shrouded in smog, and there’s one key culprit: France’s disproportionately heavy reliance on diesel fuel. Critics are increasingly questioning the need for diesel vehicles, especially after last […]
New fracking, disposal well guidelines issued on handling induced earthquakes
Fracking, wastewater disposal can cause earthquakes, but they are rare: Report COLUMBUS, Ohio – A group of U.S. drilling states, seismologists, academics and industry experts issued guidance Monday in a frank new report on handling human-induced earthquakes caused by hydraulic fracturing or the disposal of fracking wastewater. The 150-page report, produced by the StatesFirst initiative, represents […]
Shell Arctic offshore drilling abandoned after disappointing results
Shell Arctic offshore drilling program in Chukchi, Beaufort seas cost company over $7 billion ANCHORAGE, Alaska – Royal Dutch Shell Arctic offshore drilling has been called off following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement was a huge blow to Shell, which was counting on offshore drilling […]
Halliburton, Baker Hughes selling oilfield firms as part of merger
Halliburton selling one company, Baker Hughes selling three Halliburton (NYSE: HAL) and Baker Hughes (NYSE: BHI) are selling businesses that in 2013 earned revenue of $5.2 billion as part of their merger process, the companies announced Monday. The companies are being put up for as part of Halliburton’s pending acquisition of Baker Hughes. Pursuant to the […]
Texas oil and gas production rise again in July compared to 2014
July 2015 Texas crude oil production averaged 2,456,481 barrels daily AUSTIN – Texas crude oil production in July was up over 2014 by over 200,000 barrels daily and gas production increased as well, according to Texas Railroad Commission figures released Friday. Production for July 2015 as reported to the Texas Railroad Commission is 76,150,903 barrels of crude […]
Energy Transfer Equity, Williams $32B deal creates 5th biggest global energy co.
Energy Transfer Equity, Williams will remain separate companies Energy Transfer Equity is buying pipeline operator The Williams Cos. for approximately $32.61 billion, creating one of the five biggest energy companies in the world. Energy Transfer Equity LP announced Monday it will pay $43.50 per share, a 4.6 per cent premium to Williams’ Friday closing price of $41.60. Williams’ shareholders can choose shares of Energy Transfer Equity affiliate Energy Transfer Corp., cash […]
Three energy-related ideas for Pope Francis to consider
Pope Francis in a unique position to influence global debate over energy and environment When Pope Francis issued his climate encyclical earlier this year, I harshly criticized him for being a neo-Luddite technology hater who had it in for the energy industry. Now that the Pope has toned down his views, perhaps the time has come for […]
Asian Development Bank ups support for clean energy in developing countries
Asian Development Bank dedicates $4B to lowering GHG emissions MANILA, PHILIPPINES — The Asian Development Bank announced on Friday that in an effort to tackle climate change, it will double its annual climate financing to $6 billion by 2020. President Takehiko Nakao says the news comes against a backdrop of a promise by developed countries to […]
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