Refugio Beach cleared to reopen by State Parks rangers GOLETA, Calif. – A California beach fouled by an oil spill will reopen to swimmers and campers two months after a pipeline ruptured and spewed thousands of gallons of crude along the coast, officials said. State Parks rangers toured the shoreline west of Santa Barbara on Thursday and […]
Refugio Beach reopens July 17 after pipeline leak fouled area Read More »
Quantum Energy says it plans to expand into oil and gas midstream, oilfield services and power generation sectors Houston-based Quantum Energy Partners announced Wednesday that it has raised a total of $4.45 billion to invest in the energy sector. Quantum Energy has held its final closing on Quantum Energy Partners VI and its affiliates at its hard
Quantum Energy Partners closes sixth private equity fund at $4.45 billion Read More »
Several companies are developing electric planes CALAIS, France – Airbus flew its electric plane across the English Channel for the first time Friday, hours after an independent French pilot made a similar voyage, beating the aeronautics giant in this symbolically important step toward making electronic flight viable in the long term. Several companies in different countries are
First electric planes fly over English Channel; upstart steals spotlight from Airbus Read More »
IHS study suggests producers, service companies need more familiarity with refracturing Horizontal well refracturing shows a lot of promise for lowering production costs, but there are technical and financial costs to be overcome, according to a new report from analysts IHS. By 2020, refractured wells will account for as much as 11 percent of horizontal
Refracturing wells has potential, but plenty of risk and uncertainty – study Read More »
Balance of environmental concerns with reliability, affordability needed in setting carbon emission goals CALGARY – Governments needs to set a clear vision on energy goals and then let private enterprise figure out how to get there, according to the chief executives of two major North American energy companies. Greg Abel, head of Berkshire Hathaway Energy, and Doug Suttles, CEO of Encana Corp.,
Clear vision on setting carbon emission goals needed: CEOs Read More »
Blackfeet leaders have asked Interior Secretary to cancel leases BILLINGS, Mont. – An American Indian tribe in Montana has taken the rare step of breaking off formal talks with the U.S. government and a Louisiana company that has been seeking for decades to drill for natural gas on land considered sacred by the Blackfeet people. Blackfeet tribal
Blackfeet Indian tribe breaks off talks over drilling on sacred Montana land Read More »
Daily crude oil production increased 9,000 b/d to 9.604M b/d The U.S. commercial crude oil stocks increased 384,000 barrels to 465.763 million barrels in the week that ended July 3, Energy Information Administration (EIA) data showed Wednesday. Analysts surveyed Monday by Platts expected a 1.1 million-barrel decline. Crude oil stocks have seen counter-seasonal builds the
American crude oil inventories rose 384,000 barrels last week Read More »
Rig counts in Canada up by 49 since May, 2015 Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas internationally is down by over one-third since June of last year. Worldwide, the rig count for Latin America, Europe, Africa, the Middle East, Asia Pacific, United States and Canada is at 2,136, down
International rig counts down one-third since June 2014 Read More »
Recommended Practice 1173 intended to improve pipeline safety, reduce catastrophic spills A new pipeline safety management system standard designed to help operators avoid disasters like the 2010 Enbridge Kalamzoo River spill was released Wednesday by the American Petroleum Institute. API says the new standard was built on the “industry goal of zero incidents” and created with engagement and
New American pipeline safety management system introduced Read More »
Can Canadian hydro electricity help USA meet lower carbon emission requirements during transition from coal? New electricity transmission projects are coming on line that will increase Canadian hydro electricity exports to American markets, according to the US Energy Information Administration. Electricity flows freely between the USA and Canada, helping to stabilize power grids in both
Electricity markets tightly integrated between USA, Canada Read More »
