Precision Drilling to maintain dividend at 7 cents per share North American demand for drilling services failed to meet “even the most pessimistic forecasts” in the first quarter and it’s going to take much higher oil prices for it to pick up again, the CEO of Precision Drilling Corp. said Monday. “While oil prices have […]
Precision Drilling Q1 profit plunges 76%, revenue declines 24% Read More »
PayPal, Amazon founders in Texas space race An isolated edge of vast West Texas is home to a highly secretive part of the 21st-century space race, one of two being directed in the Lone Star State by Internet billionaires whose personalities and corporate strategies seem worlds apart. The presence of Blue Origin, LLC, the brainchild of
Texas space race: Internet billionaires vie for the skies Read More »
Greenpeace estimates spills in Russian oilpatch amount to six million tonnes per year When you live in the middle of the Russian oilpatch, even the fish smell, says an aboriginal leader from that country. “The fish are smelling like oil and the water in the rivers, it’s undrinkable,” said Nikolay Rochev, the head of Izvatas,
Russian oilpatch ignores rights, environment: aboriginal leader Read More »
North American rig count down 23 for week ending April 24 Baker Hughes reports the North American rig count has declined by 23 this week and in the US, rig counts are down by 22. A total of 1011 rigs were operational in North America, 932 in the US, 33 in the Gulf of Mexico
North American rig count drops again this week Read More »
Wastewater wells linked earthquakes in over a dozen US areas With the evidence coming in from one study after another, scientists are now more certain than ever that oil and gas drilling is causing hundreds upon hundreds of earthquakes across the U.S. So far, the quakes have been mostly small and have done little damage
Earthquakes linked to wastewater wells in dozen states – report Read More »
Residents near Duke coal ash dumps told not to drink well water North Carolina officials are advising dozens of residents near Duke Energy coal ash dumps not to drink or cook with water from their wells after tests showed contamination with toxic heavy metals. The state Department of Environment and Natural Resources said Tuesday that
Toxicity found in well water near Duke coal ash dumps Read More »
Noble Energy settlement could cost $73.5 million Large oil and gas driller Noble Energy has agreed to a settlement over alleged air-pollution violations north of Denver, a deal federal officials say could cost the company up to $73.5 million. The proposed deal, filed in federal court Wednesday, comes after regulators found the Houston-based company’s oil
Noble Energy agrees to Denver area air-pollution violation settlement Read More »
Texas earthquakes recorded on previously inactive fault lines With real-time monitors, scientists have linked a swarm of small Texas earthquakes west of Fort Worth to nearby natural gas wells and wastewater injection. In 84 days from November 2013 to January 2014, the area around Azle, Texas, shook with 27 magnitude 2 or greater earthquakes, while scientists
Texas earthquakes linked to gas wells, wastewater injection Read More »
Arkansas oil spill dumped gallons of oil into Mayflower subdivision Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the 2013 Mayflower oil spill in central Arkansas, according to a consent decree filed in federal court Wednesday. The decree brokered between the U.S. Department of Justice,
2013 Arkansas oil spill: Exxon subsidiaries to pay $5M Read More »
White House energy plan: modernize power plants, ensure steady supply of energy The White House energy plan was released on Tuesday. The four-year program is designed to fight climate change, modernize power plants and find other ways to ensure the nation has a steady supply of safe energy. Vice-President Joe Biden is planning to visit
White House energy plan to fight climate change, ensure supply Read More »
