NEW YORK (AP) — The drilling services company Baker Hughes on Wednesday implemented a policy of disclosing all of the chemicals used in its fracking operations.
Environmental groups and local communities have for years been pushing for full disclosure of the chemicals used in hydraulic fracturing, a drilling technique also known as fracking.
In response, the oil and gas industry set up an online database -- at FracFocus.org -- that lists many of the chemicals, but held back crucial information on certain chemicals and the amounts used on the grounds that it would provide competitors with trade secrets.
A judge’s decision that Broomfield’s fracking ban doesn’t apply to Sovereign Operating Co. because of an earlier memorandum of understanding between the company and the community is a “victory for certainty and clarity,” the Colorado Oil & Gas Association said, according to the Denver Business Journal.
NEW YORK (AP) — Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation.
Under pressure from the corporate responsibility group As You Sow, as well as New York City Comptroller Scott Stringer and other shareholders, Exxon agreed earlier this year to reveal more about how it manages the risks involved with the drilling technique, known as fracking.
The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks, including the possibility of water contamination and leaks of natural gas into the atmosphere that contribute to climate change.
The Interior Department is failing to crack down on the unauthorized tapping of federal oil and gas deposits in the West, which is expected to grow with the use of horizontal drilling, an internal watchdog reports.
The Office of Inspector General said in a report issued this week that taxpayers risk losing royalty payments from illegal production, especially in North Dakota and Oklahoma, where federal parcels are fragmented among private lands.
NEW YORK (AP) — Exxon Mobil is explaining how it is working to manage the risks of hydraulic fracturing in a report issued in response to pressure from a corporate responsibility group, the New York City Comptroller, and other shareholders.
The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks. The report also goes into detail about the benefits of unconventional oil and gas production and how it compares favorably to many other types of energy production and generation.
Russian oil company Rosneft and its CEO Igor Sechin have announced a major discovery of oil and gas in the Arctic’s Kara Sea, where it has been exploring with the help of partner Exxon Mobil despite Western sanctions imposed over the Ukraine crisis, Platts reports.
Oil company executives gathered in Cancun for a conference say there’s huge potential in developing Mexican energy resources in the wake of the country’s reform of the sector, but view the situation cautiously until they see details of the drilling terms, The Wall Street Journal reports.
Many residents and officials in the southern tier area of New York state, which borders Pennsylvania, reacted with shock and despair to the news that the state government has rejected fracking, The New York Times reports.
H.R. 5705, sponsored by Rep. Robert Latta, R-Ohio, which calls for for more training about propane pricing and new data to be used by the Commerce Department in calculating prices, has been signed into law by President Obama, Platts reports.
During the week ending Dec. 13, the Association of American Railroads found that more than 119,000 carloads of coal were shipped in the U.S., an increase of nearly 8 percent on the period a year ago and the most in more than three months, Platts reports, noting that network congestion appears to be easing.
Oil rose in early trading Friday following a steep plunge the day before, but prices were losing momentum by midday in Europe. West Texas Intermediate crude for January delivery was 68 cents higher to $54.79 a barrel in electronic trading on the Nymex ahead of the contract expiring, while in London February Brent was up 1.2 percent to $60, Bloomberg reports.
Even as Halliburton prepares to take over rival oilfield services company Baker Hughes, CEO Dave Lesar, in an email to employees, said “2015 is going to be a tough year,” and warned of “reductions to our structure,” FuelFix reports.
The International Energy Agency – in a review of American energy strategy -- notes that the U.S. is operating many older nuclear power plants, and the government lacks a clear plan for the nuclear sector generally going forward, a problem that extends to carbon capture technology and renewable energy as well, The Hill reports.
Environmental activists marched to the governor’s office in Minnesota Thursday demanding he take action, following the decision by the Public Utilities Commission to stand behind its approval for expansion of Enbridge’s Line 67, commonly known as the Alberta Clipper pipeline, which would bring up to 800,000 barrels a day of oil sands crude across the Canadian border, Forum News Service reports.
In the wake of recent rainstorms, the portion of California under exceptional drought conditions dropped from 55 percent to 32 percent, according to figures made public by the U.S. Drought Monitor Thursday, the Los Angeles Times reports.