DENVER (AP) — An activist group on Thursday backed off its earlier announcement that it would to try to get a statewide ban on hydraulic fracturing on the Colorado ballot and said it would instead try to persuade Gov. John Hickenlooper to halt the practice.
Karen Dike of Coloradans Against Fracking said the group has not ruled out a campaign to put a ban on the 2016 ballot if the governor doesn't act.
The collapse in oil prices that’s led to a slowdown in drilling has hit offshore rig provider Transocean, which reported a net loss of $739 million in the fourth quarter and announced it was taking a $992 million writedown in the value of its contract drilling business, Reuters reports.
Environmental activists opposed to Arctic drilling testified at a commission meeting for the Port of Seattle this week, angry that Shell plans to use the port to launch vessels, KING 5 News reports. The protesters said they intend to take legal action.
Shale driller Chesapeake Energy says it will cut back drilling rig operations and slash capital spending by more than a third in the coming year, after the company reported fourth quarter profits below expectations on lower oil prices, The Wall Street Journal reports.
DENVER (AP) — A Colorado task force is recommending that local governments be given a consulting role on some decisions about the location of large oil and gas facilities, but the panel decided against suggesting that cities and counties be allowed to enforce their own rules.
In a series of votes Tuesday, the task force also rejected proposals to require disclosure of all the chemicals used in hydraulic fracturing and to give surface property owners more leverage if someone else owns the minerals under their land and wants to drill.
As the breakneck growth in shale plays cools off, costs associated with continuing operations should fall, Halliburton president Jeff Miller told investors at a conference in Colorado, FuelFix reports.
Plans for an oil sands surface mine in western Canada are being put off indefinitely by Royal Dutch Shell, following its move last month to trim 3,000 jobs in the region, The Wall Street Journal reports.
Struggling with the impact of lower oil prices, Ivanhoe Energy -- the exploration company started up by mining mogul Robert Friedland –- has filed for bankruptcy protection in Canada, The Wall Street Journal reports.
Republicans on the House Oversight Committee have written to Centrus Energy Corp. and the firm’s new chief, Dan Poneman, asking to see correspondence between the two while Poneman was serving as deputy at the Department of Energy, The Hill reports.
Former Environmental Protection Agency lawyer Chet Thompson will step into the top slot next month at the American Fuel and Petrochemical Manufacturers, replacing Charles Drevna as chief of the refiners’ lobbying group, FuelFix reports.
The Environmental Protection Agency should take a closer look at the herbicide glyphosate, used in Monsanto’s "Roundup", said Sen. Ed Markey, D-Mass., after an arm of the World Health Organization found it is "probably carcinogenic", The Hill reports.
The decision over who pays for the massive costs of shutting down the San Onofre nuclear power plant could be reviewed now that a different member of the California Public Utilities Commission has been assigned the matter, NBC San Diego reports.