OKLAHOMA CITY (AP) — New research suggests that the sharpest earthquake to strike Oklahoma may have been triggered in part by wastewater injection — which if true, would make the 2011 temblor the strongest ever linked to disposal practices within the oil and gas industry.
An industry spokesman says a cause-and-effect cannot be proven because work in the oil patch hasn't changed much in generations. A study of the same quake last year noted that wastewater had been injected into abandoned oil wells nearby for 17 years without incident.
The magnitude 5.7 quake, centered near Prague, knocked over four spires at a university 17 miles away and shook a college football stadium that moments earlier had held more than 57,000 fans. Fourteen homes suffered significant damage and two people near the epicenter suffered minor injuries. The quake caused at least $4.5 million in damages.
AMSTERDAM (AP) — Dutch police say they detained 31 Greenpeace activists Thursday as they attempted to prevent a Russian tanker carrying the first oil produced by a new offshore platform in the Arctic Ocean from mooring at Rotterdam Port.
The environmental group sent two ships, plus a fleet of rubber rafts, paragliders and activists on shore, to meet the Mikhail Ulyanov, a tanker chartered by Russia's state-controlled oil company, Gazprom OAO.
Crude production in OPEC countries, under 30 million barrels a day in April, hasn’t been so low since 2011, according to a Bloomberg survey, which found that output was declining in Saudi Arabia and Iraq in particular.
MEXICO CITY (AP) — The Mexican government on Wednesday unveiled its proposed rules for a historic opening of the state-owned oil and energy industry, saying contracts and production licenses should be put out for public bid and go to the company that offers the best return.
Energy Secretary Pedro Joaquin Coldwell said the service station monopoly of state-owned Petroleos Mexicanos would fade only gradually as the necessary distribution and other infrastructure is made ready. Private companies will not be allowed to immediately open gas stations to compete with it.
Total SA cited lower crude prices, higher exploration charges and issues with major projects that have lowered production as the French oil major reported a 10 percent decline in first quarter profits, The Wall Street Journal reports.
LONDON (AP) — U.S. sanctions targeting the president of Russia's largest oil company could complicate the operations of Western oil companies with important investments in Russia, such as BP and Exxon.
The sanctions target only Igor Sechin, the president of Rosneft, and not the company itself. That means BP, Exxon and others will be able to continue to work with Rosneft, one of the world's biggest oil companies, to explore for and produce oil and gas.
Other factors, including environmental opposition and states’ interest, will be considered alongside how much oil may lay underneath the Atlantic when the federal government decides how to handle potential drilling there, outgoing Bureau of Ocean Energy Management director Tommy Beaudreau told Platts.
BISMARCK, N.D. (AP) — Oil drillers targeting the rich Bakken shale formation in western North Dakota and eastern Montana have produced 1 billion barrels of crude, data from the two states show.
Drillers first targeted the Bakken in Montana in 2000 and moved into North Dakota about five years later using advanced horizontal drilling and hydraulic fracturing techniques to recover oil trapped in a thin layer of dense rock nearly two miles beneath the surface.
North Dakota has generated 852 million barrels of Bakken crude, and Montana has produced about 151 million barrels through the first quarter of 2014, data show.
The GOP chorus denouncing the Environmental Protection Agency move to lower the ozone standard was joined by House Majority Leader Rep. Kevin McCarthy, R-Calif., senior figures on the House Energy and Commerce Committee, as well as Sen. John Thune, R-S.D., who is chairman of the Republican Senate caucus, The Hill reports.
Ahead of the OPEC meeting in Vienna, oil prices recovered Wednesday from earlier drops triggered by word of a greater-than-expected increase in U.S. crude inventories as well as a comment from Saudi Arabia's oil minister that there would be no need for a production cut. West Texas Intermediate crude for January delivery slipped just 3 cents to $74.06 a barrel on the Nymex, while in London Brent was 5 cents lower to $78.28, Bloomberg reports.
Freeport LNG has closed on financing deals – from Japanese sources -- for two of three planned liquefaction trains at its export facility, and should begin construction on its plant in Quintana, Texas this week, with operation projected to start in 2018, FuelFix reports.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
The legal fight over the Environmental Protection Agency’s Waters of the U.S. rule could revolve around what’s meant by the words “adjacent” and “neighboring,” as well as how the regulation defines a flood plain, E&E reports.
After a shareholder lawsuit filed to stop the $2.86 billion merger announced in June between C&J Energy Services and the fracking business of Nabors Industries, a judge in Delaware Tuesday ordered a 30-day suspension to allow for competing offers, but C&J said it would appeal, FuelFix reports.
Oncor’s proposal to install battery storage across the grid in Texas is coming in for criticism from a state lawmaker – Republican State Sen. Troy Fraser said his support for the $5.2 billion project came before he realized an increase in transmission rates would be part of the package, The Dallas Morning News reports.
Speaking about the failure of Google’s renewable energy project RE<C, two engineers, writing in IEE Spectrum recently, said trying to fight climate change using only existing technologies like wind and solar energy won’t work, Fox News reports.