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oil and gas industry News

British Petroleum buys US shale assets for $10 billion

British Petroleum (BP) made one of its biggest investments in decades Friday with the $10.5 billion purchase of shale oil and gas assets from BHP Billiton (BHP).

Ottawa, Alberta poised for conflict over new methane regulations

Ottawa - In May 2017, Minister of Environment and Climate Change, Catherine McKenna, announced proposed regulations to reduce methane emissions and air pollution from Canada's oil and gas industry. Today, those rules were published, yet not everyone is happy.

Oil and gas industry impacts on Canadian economy

Both Canada and the U.S. are in the top five oil and gas producing countries on the planet. However, the collapse of oil prices in 2014, along with the growth of renewable energy sources, has left many oil field workers out of a job.

Canada proposes new regulations on methane gas emissions

On Thursday, the Minister of Environment and Climate Change, Catherine McKenna, announced proposed regulations to reduce methane emissions and air pollution from Canada's oil and gas industry. The public has until July 27, 2017, to comment on the rules.

Pruitt says CO2 not a 'primary contributor' to climate change

The head of the Environmental Protection Agency (EPA), Scott Pruitt was asked by CNBC Thursday morning whether he thought carbon dioxide was the "primary control knob" for global warming. His answer was in line with climate-deniers in the White House.

Op-Ed: Oil trains and the new regulations — It all comes down to money

America's energy boom is still going strong, and the oil trains continue to roll, moving millions of gallons of black gold from North Dakota's Bakken oil patch to refineries on the East Coast. But, will new safety rules lead to the end of oil trains?

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.

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.

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.”
 

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