UK fracking is safe if right standards are in place: Gov’t LONDON _ The British Parliament has approved proposals that would allow fracking for shale gas below national parks, world heritage sites and other designated areas of natural beauty. The measure, which is opposed by environmental groups, was endorsed Wednesday by 298 votes to 261 and
Crude export ban lift a long-sought Republican goal WASHINGTON _ Congressional leaders and the White House have reached agreement on a massive year-end tax and spending package, House Speaker Paul Ryan told Republican lawmakers late Tuesday, urging support for the legislation that delivers wins for his party but also includes many Democratic priorities. The package
Crude export ban lifted as part of tax and spending package Read More »
Crude export ban lifted as part of year-end tax and spending package NEW YORK _ The U.S. could soon end restrictions on oil exports put in place in the mid-1970s. The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate by the end of the week.
Crude export ban lifted: Why US crude is heading overseas for the first time since 1973 Read More »
ISIS leader killed in May WASHINGTON _ A U.S. military raid that killed an Islamic State leader in Syria last spring yielded intelligence that allowed the U.S. to more effectively target the extremist group’s oil revenues, the State Department’s top diplomat for energy affairs said Tuesday. Amos Hochstein, a special envoy and co-ordinator for international
US raid that killed ISIS leader led to extremists’ oil targeting plan: Envoy Read More »
Canadian shale producers report big capital efficiency improvement CALGARY _ Shale gas producers in Western Canada are responding to plunging natural gas prices by slashing their 2016 budgets. NuVista Energy Ltd. has cut its budget in half, while Encana Corp. and Painted Pony Petroleum Ltd. have cut their budgets by 25 per cent as natural gas
Canadian shale gas producers slash 2016 spending but plan increased production Read More »
Low oil prices could mean bankruptcy for Mexico’s largest construction firm MEXICO CITY _ Getting paid has always been hard for government contractors in Mexico, but seldom has the problem been so bad, as low oil prices batter government finances. The problem now has broken out into the open, with government contractors openly complaining and
Strangled by low oil prices, Mexico gov’t slow on contractors’ payments Read More »
Savanah River Site project delay may end up costing DOE $1M a day COLUMBIA, S.C. _ Gov. Nikki Haley has warned the Department of Energy she expects South Carolina to collect a $1 million daily fine for the agency’s failure to meet a Jan. 1 nuclear fuel deadline. In a letter obtained by The Associated
Daesh using fuel to buy vegetables and fruits BEIRUT _ Airstrikes on a fuel market in a rebel-held village in northern Syria killed and wounded dozens on Tuesday and destroyed several tanker trucks, two Syrian opposition monitoring groups reported. Opposition activists said warplanes also struck a popular market in the northern village of Maskaneh that
Canadian oilpatch facing unrelenting global output, carbon cutting push CALGARY _ The stream of traffic between Cold Lake, Alta., and nearby oilfields has slowed to a trickle. “It’s definitely a noticeable slowdown,” said Mayor Craig Copeland, who has been hearing from hotels, restaurants and retailers that business is down about 30 per cent year-over-year in
Canadian oilpatch adjusts to the ‘new normal’ after a year of pain Read More »
Natural gas price down sharply Monday NEW YORK _ Mild temperatures have cooled demand for natural gas, sending its price down sharply Monday. Stocks of companies that produce natural gas also fell. Natural gas is used to heat more than half of U.S. households, according to the American Petroleum Institute. But with unseasonably warm temperatures, there’s
Natural gas price, producers’ stock value plunges with mild weather Read More »
