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Energy rich US states move to quash local limits on drilling

MANSFIELD, Texas (AP) — Lawmakers in Texas and energy producing states across the nation are rushing to stop local communities from imposing limits …

Church of England to sell off oilsands, coal interests over climate change

The Church of England said on Thursday it has decided to blacklist coal and oilsands investments over climate change concerns, the Financial Times …

Big oil sands players hope pumping record crude will pay off over time

Canada's oil sands industry is pumping record volumes of crude despite sinking profits and warnings of an extended stretch of weak prices.<p>Some of the sector's largest players – including Suncor Energy Inc., Imperial Oil Ltd. and Cenovus Energy Inc. – are dumping more oil into one of the shakiest …

A Sixth of the World's Species Could Risk Extinction From Global Warming

Losses will accelerate the hotter the planet gets, according to new research.<p>As the planet continues to warm up like a Turkish bath, how many kinds of animals can we expect to perish?<p>Scientists have estimated a loss of anywhere from 0 to 54 percent of all species, according to Mark Urban, a …

Climate Change

Oil down as Saudis end Yemen bombing; traders eye crude build

NEW YORK (Reuters) - Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in U.S. crude stockpiles.<p>Oilfield workers collect a crude oil sample at an oil well operated by …

Oil

America's Shale Fields Offer A Chance For A New Oil Doctrine To "Reset" Geopolitics

The United States may be the only major oil-producing nation where the domestic politics of petroleum production appear almost entirely divorced from its international interests.<p>Iran’s foreign minister has been nothing if not clear about what his country wants out of the current nuclear …

The oil rig count is not important — yet

The US oil rig count doesn't matter.<p>Yet.<p>The number of active oil rigs in the US dropped by 12 this week to 813, the lowest since the week ending March 4, 2011. It was also the smallest weekly decline in 15 weeks.<p>This chart from Deutsche Bank's Torsten Sløk shows that to date, the decline in rig …

Oil

Why Yemen has the power to rally oil prices

SAN FRANCISCO (MarketWatch)—Yemen produces roughly 130,000 barrels of crude oil a day, but it still has the power the rally oil prices.<p>It is all …

Middle East

ISIS Set Iraqi Oil Fields On Fire, Stalls Military Advance

Thick black smoke billowing from oil wells northeast of the city of Tikrit is obstructing Shi'ite militiamen and Iraqi soldiers attempts to drive …

Middle East

Natural gas or renewables? New model helps states decide

Subscribe to our newsletter<p>Don't miss the latest headlines. Sign up for our Daily Digests.<p>Shifting natural gas prices are making it a challenge for …

Fossil Fuels

Behind The Keystone XL Smokescreen - Pipelines Are Booming!

Protesters, promoters and politicians continue to debate the merits of the Keystone XL pipeline. The massive project has become perhaps the most divisive Canadian import since Justin Bieber hit it big with “Never Say Never.” And that phrase might as well be TransCanada’s mantra as it seeks approval …

Is it still possible to find a job in the oil sands?

<b>THE QUESTION</b><p>I'm 37 years old, married, and the father of two young boys.<p>I'm a logistics supervisor working in the oil and gas industry. I intend to immigrate with my family to Alberta, but I don't know where to start.<p>I've been told that the fastest way to achieve my goal is to find a potential …

Aberdeen oilfield services group Asco wins £100m BP deal

<b>Aberdeen-based oilfield services group Asco has won a contract worth more than £100m to support BP's UK North Sea operations.</b><p>The deal with BP Exploration and Production will see Asco provide services for supply-base and warehouse operations, as well as waste management and local freight forwarding …

Waste Management

Huge Number Of Sharks Filmed Circling Louisiana Oil Rig [Video]

A massive grouping of sharks has been filmed from an oil rig off the Louisiana coastline, as the predators move en masse along their spring migration …

Geologists May Have Just Discovered A New Layer Of Earth's Mantle

Have geologists just discovered a new layer of Earth's interior?<p>A new study suggests that a previously unknown rocky layer may be lurking about 930 miles beneath our feet -- and evidence suggests that it's significantly stiffer than similar layers, which could help explain earthquakes and volcanic …

Geology

Largest-ever meteorite crater found in Australian outback

Scientists say underground 'scars' in central Australia mark the largest meteorite crater ever found<p>Scientists have discovered two deep scars in the earth's crust in outback Australia that are believed to mark the remains of a <b>meteorite crater</b> with a 250-mile diameter – the largest ever found.<p>The …

U.S. Steel plants are on a layoff spree. Here’s why.

For those who find the idea of a rapidly growing China to be cause for concern -- because with economic size comes political and military power -- the news that its meteoric rise is leveling off might be welcome. But for a lesson in how the global economy works in sometimes unexpected ways, …

Business

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U.S. Steel Canada workers to appeal pension case

Salaried employees and retirees of U.S. Steel Canada Inc. have won the right to try to overturn a court decision that they argue will have an impact on where their pension plans would rank if the plans are wound up as part of the steel maker's restructuring.<p>The employees and retirees, who are among …

Oil giant Schlumberger says an oil price spike is right around the corner

A 50 percent drop in global oil prices since June has prompted oil and gas producers to cut back spending and shore up dwindling cash reserves.<p>The fall in spending will keep production subdued and could lead to a further increase in oil prices in the second half of the year, Chief Executive Paal …

Oil

Carrizo cuts drilling, completion spending by 35%

Carrizo Oil & Gas Inc., Houston, is cutting its drilling and completion capital expenditure plan for the year by 35% to $450-470 million, but expects …

API Inspection Services in Action

Crude oil seen dropping to $40 or even $20 a barrel this year

Traders and investors expecting the oil rout to give way to a V-shaped recovery could be painfully disappointed, according to a hedge fund manager …

What Are Minerals? - Types, Properties Examples

Can you name some minerals off the top of your head? You likely came up with things like gold, silver, copper and coal. These are all correct, but …

Geology