Oil & Gas Industry

Weekly U.S. Oil Rig Count: Shale Is Back, Part VI

Solid increase in the rig count.<p>Financing now available for a third basin outside of the Permian.<p>Plenty of evidence that the floodgates are wide-open.<p>…

Permian Basin

4 Pipeline Fights Intensify as Dakota Access Nears Completion

By Alleen Brown<p>Under orders from President Trump, the Army Corps of Engineers on Feb. 7 approved a final easement allowing Energy Transfer Partners …

Pipelines

US firms descend on West Texas basin

In most US shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel.<p>Here in the Permian …

Permian Basin

A lawsuit in Colorado over a fracking ban pits the state vs. the community

<i>This article originally appeared on the</i> International Business Times.<p>In the latest salvo in an intensifying national battle over climate change …

Corporate Sustainability

Iran announces major shale oil discovery

Iran says it has discovered major reserves of shale oil in the western parts of the country.

Shale Oil

UK court gives a green light for corporate giants to continue abuses abroad

On 26 January 2017, a UK High Court ruled on a case against oil giant Shell. And it delivered a verdict that could see continued impunity for …

Human Rights

Iraq says proven oil reserves rise to 153 billion barrels

Iraq says new exploration has revealed an additional 10 billion barrels of oil, bringing its total proven reserves to 153 billion barrels.<p>Oil …

OPEC

Pruitt Ignored Cries to Regulate Fracking in Oklahoma. Now Residents Face Big Oil on Their Own

Scott Pruitt, head of the Environmental Protection Agency, during a confirmation hearing with the Senate Environmental and Public Works committee in …

Oklahoma

France’s imports of oil from Iran jump in Jan.

<b>Iran has reported a major rise in exports of crude oil to France in January – an announcement that comes as the country is already expanding the list</b> …

Oil

OPEC Wins Investors Back as Cuts Prompt Record Bets on Oil Rise - Bloomberg

OPEC has never taken supply cuts so seriously, and hedge funds are loving it.<p>Investor optimism that West Texas Intermediate oil prices will rise …

OPEC

Fire Hits California Refinery Targeted by Protest

A fire broke out after an explosion on Saturday at a California oil refinery that local residents had planned to protest against later in the day due …

Oil Refineries

Virgin Mobile founder to take on Big Six with backing from BP

A team of telecoms titans including the founder of Virgin Mobile, Tom Alexander, is preparing to take on the biggest suppliers in Britain’s retail energy market with a new company backed by the oil giant BP.<p>The as yet unnamed venture, dubbed “Project Blue Marble”, began quietly preparing to launch …

BP

U.S. Oil Exports Interfering With OPEC's Purpose For Production Cuts

U.S. producers export record amount of barrels.<p>OPEC and Russia can't return to export market without devastating oil prices.<p>Angola increasing exports …

OPEC

More Oil Found at Sea as Land Dries Up

Many oil fields close to shore have become off limits to a number of oil companies, in the face of poor international relations and environmental …

Oil

Japan export growth slows, Trump's trade policies cloud outlook

TOKYO (Reuters) - Japan's exports rose in January at a slower pace than the previous month due to a decline in shipments to the U.S. and the Lunar New Year holidays and as concerns about trade protectionism cast doubts over the outlook.<p>Exports in January rose 1.3 percent from the same period a year …

OPEC

Fire, explosion reported at Torrance Refinery, police say

The Torrance Police Department issued an alert for the city, notifying them that the Torrance Refinery had an explosion and fire early Saturday …

Oil Refineries

Will Electric Vehicles Cause Another Oil Crash Soon?

As wonderful and popular as electric vehicles are, the sudden boom of them could have such an impact on the oil industry that another crash is quite …

Oil

Authorities respond to small explosion at Torrance refinery

<i>File: An explosion at an ExxonMobile refinery in Torrance caused four minor injuries on Wednesday, February 18, 2015. ; Credit: Daniella …

Oil Refineries

Week Ahead: Dollar Higher Ahead Of Fed Minutes

<b>Notes from Fed to boost Dollar on short US trading week</b><p>The U.S. dollar is higher against most major pairs ahead of the Presidents' Day long weekend. …

OPEC

'We are rewriting the textbooks': first dives to Amazon coral reef stun scientists

Scientists have discovered the river reef is far bigger, and more important, than first thought – a biodiversity hotspot on a par with the Great Barrier Reef. Now they face a race to protect it from big oil<p>There is a flickering, bright glimmer of sky as the two-person submarine descends beneath the …

BP

As U.S. shale oil activity surges, sand could be in short supply

NEW YORK (Reuters) - Demand for frac sand has surged in recent weeks as U.S. producers rush back to the oil patch, stoking concern that supplies of the key component of drilling may not be able to keep up with demand later this year, industry professionals said.<p>The growing appetite for frac sand …

Oil

U.S. Oil Drilling Stays on a Roll as OPEC Cuts Prop Up Prices - Bloomberg

U.S. drillers pushed ahead on the biggest surge in oil drilling since 2012 as companies take advantage of oil prices that have held steady above $50 …

Permian Basin

U.S. shale oil braces for the unfamiliar in 2017: inflation

(Reuters) - U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices.<p>Drilling innovations over the past decade have generated a …

Shale Oil

Stuck In The $50s: Why The Oil Price Is Going Nowhere Fast

This far into 2017, week after oil trading week has ended on very familiar territory with both Brent and West Texas Intermediate (WTI) – the world most watched crude benchmarks – stuck above the $50 per barrel mark.<p>While that gives crude producers some much needed price stability, the market seems …

Oil

A Government Website for Kids Scrubbed Its Climate Warnings

In recent weeks, “Energy Kids” has reworked and cut information about fossil fuels’ environmental impacts.<p>Almost 20 years ago, the U.S. Energy Information Administration had an idea: Make an educational website for children about energy sources and the science behind them.<p>In short order, the EIA …

Fracking

Oil – Will we run out?

By Andy May<p><i>“Prediction is very difficult, especially about the future” (old Danish proverb, sometimes attributed to Niels Bohr or Yogi Berra)</i><p>In …

Oil

How Much Havoc to Democracy can a Deranged Presidency Create?

He went on to characterize the nature of the damage created previous to Trump’s election: in the first place there is the failure, after the Cold …

Foreign Policy

Several Houston oil companies reignite flame with Permian - Houston Business Journal

Doug Meier, who leads PricewaterhouseCoopers’ U.S. oil and gas deals division from… more<p>Confidence among companies in the oil space has led to a …

Permian Basin

Trump's EPA pick has a toxic history with oil companies

Fred Krupp, president of the Environment Defense Fund, speaks out against Donald Trump's choice for EPA leader.

Oil

Don't Let Congress Put Oil And Gas Above Your Interests

The Senate—including your Senator—has voted to put Oklahoma Attorney General Scott Pruitt, a polluter ally who has repeatedly put the best interests …

Environment