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Oil and gas News

Oil companies fracking dangerously close to water sources

According to a new study performed by researches at Stanford University, oil and gas companies are fracking much closer to underground water sources than previously thought.

ExxonMobil ignores sanctions to drill in Arctic with Russia

ExxonMobil and Rosneft, Russia's state-owned oil company commenced drilling operations on Saturday in the Kara Sea with a video conference call from Russian President Vladimir Putin from his residence in Sochi on the Black Sea.

Yemen says it foiled plot against oil and gas facilities

The Yemeni government has said that it has foiled an attempted attack on oil and gas facilities in the country. The plot also allegedly involved the take over of two cities.

America working together to stave off end of the oil age

Houston - Recently the oil and gas industry captured headlines in all news publications. Whether it was a new report stating the sector faces a “rollercoaster ride” or Iran building a huge oil refinery in Pakistan, Texas tea is always in the spotlight.

The U.S. could become world’s top oil producer by 2020

According to a newly released International Energy Agency (IEA) report, the U.S. will overtake Saudi Arabia and Russia as the top oil producer by 2020, become a net exporter by around 2030 and almost entirely self-sufficient in energy by 2035.

Report: Canadian annual salaries expected to rise 2.9% next year

Toronto - While most Canadian workers are expected to see pay increases of about 2.3 percent, employees working in the oil and gas, mining and chemicals sectors are believed to see their wages soar by as much as 3.9 percent, a new survey says.

Global Clean Energy Congress and Exhibition Highlights 2011 Special

Calgary - This is a review of the Global Clean Energy Congress and Exhibition that took place in November in Calgary AB Canada. This was a groundbreaking conference. Find out why by reading further and downloading the full Congress Report.

Op-Ed: Cairn Energy’s Arctic oil spill response plan its own disaster

Edinburgh - As the oil and gas industry plows into the Arctic's frigid and inhospitable waters, a member's oil spill response plan has found the light of day, despite best efforts to keep it secret, and gives credence to concerns over the next great catastrophe.

Exxon and Rosneft reach agreement to develop Arctic Ocean

Irving - ExxonMobile and state-controlled Russian oil behemoth OAO Rosneft have reached a $3.2 billion deal to develop Arctic and Black Sea hydrocarbon resources, as well as in other countries across the globe, and will share their expertise in technology.

Texas governor Perry now feels ‘called’ for presidency

Austin - As his thought process continues evolving from “think about it” to giving it “serious thought,” Texas Governor Rick Perry now feels “called” to run for president of the US, and some in the mainstream media are lining up for a coat tail ride.

Fracking in New York towns could be decided by courts

Ithaca - Environmental officials in New York have created plans for regulations allowing hydraulic fracturing in much of the state, with the exception of key watersheds, aquifers, and state land, exceptions an oil and gas attorney calls “legally questionable.”

Sanders takes Obama to task: ‘Stand with the American people’

Washington - In prepared remarks before the US Senate on Monday, Senator Bernie Sanders (I-VT), told President Barack Obama the time has come when he must “stand with the American people” and deny the Republican party its extreme demands.

Op-Ed: South Texas lubricated with oil fracking boom

Laredo - A controversial method known as hydraulic fracturing, or fracking, has settled over South Texas and is set to transform its oil fields, the brush country and its water sources into a chemical wasteland, even as media reports "unfortunately" strike out.

Obama to expand oil production, industry says ‘positive nuggets’

Washington - President Barack Obama on Saturday called for increased domestic oil and gas production through the extension of existing leases in the Gulf of Mexico and off the Alaskan coast, and for issuing more lease sales in Alaska’s Federal Petroleum Reserve.

Exxon CEO calls effort to repeal oil tax breaks ‘discriminatory’

Washington - Exxon Mobil CEO Rex Tillerson has labeled an attempt by US Senate Democrats to pass a bill that would repeal tax breaks for oil companies as counterproductive and has charged the undertaking as “misinformed and discriminatory.”

Record Mississippi River flood now threatens oil and gas industry

Baton Rouge - As the flooding Mississippi River continues its historical downstream advance, new fears have arisen over possible inundation of oil refineries and oil and gas wells in Louisiana, prompting the state’s governor to label it a “very serious flood.”

Op-Ed: New offshore drilling bill another ‘wake-up call’ for Americans Special

Washington - As gasoline prices continue surging almost on the same level as oil company CEO compensation packages, House Republicans late last week passed a bill that would force the White House to allow more offshore drilling.

Op-Ed: Chemical-laden fracking wastewater breakthrough, says DOE, maybe

Washington - After a recently released Congressional report revealed companies involved in the controversial hydraulic fracturing process are using toxic and carcinogenic agents, the Department of Energy states a “novel” water cleaning technology is in the works.

Report: Climate change, extreme weather set to disrupt power grid

Washington - A new report on climate change shows more extreme weather is on the way, and the current US energy infrastructure is poised to fail unless it goes through a detailed transformation, including appropriate wind and solar sites.

Firms Crimping Oil Supplies

An AP analysis and a Pew Research Center poll found in October find. The Pew Research Center is a nonpartisan "fact tank" based in Washington, DC, that provides information on the issues, attitudes and trends shaping the USA and the world.
 

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