Alaska's Republican senators on Monday blamed the Obama administration for creating a “burdensome and often contradictory regulatory environment” that drove Royal Dutch Shell to abandon its oil and gas exploration off the coast of Alaska.
Shell, citing a "clearly disappointing exploration outcome” and a "challenging and unpredictable federal regulatory environment,” said Monday it would cease its operations in the Chukchi Sea “for the foreseeable future” after an investment of seven years and $7 billion.
Shell's announcement came as oil continued to hover below $50 a barrel, significantly lower than when the company decided to explore for oil in the forbidding waters off Alaska.
COLUMBUS, Ohio (AP) — A group of U.S. drilling states, seismologists, academics and industry experts issued guidance Monday in a frank new report on handling human-induced earthquakes caused by hydraulic fracturing or the disposal of fracking wastewater.
The 150-page report, produced by the StatesFirst initiative, represents perhaps the most candid discussion on the topic since tremors across the mid-continent — including in Oklahoma, Texas, Colorado and Ohio — began being linked to fracking and deep-injection wastewater disposal around 2009.
ANCHORAGE, Alaska (AP) — Royal Dutch Shell will cease exploration in Arctic waters off Alaska's coast following disappointing results from an exploratory well backed by billions in investment and years of work.
The announcement was a huge blow to Shell, which was counting on offshore drilling in Alaska to help it drive future revenue. Environmentalists, however, had tried repeatedly to block the project and welcomed the news.
A dozen Democratic senators have written to President Barack Obama, asking him to put a stop to Arctic drilling after Royal Dutch Shell finishes its exploratory drilling in the Chukchi Sea this season, The Hill reports.
A senior consultant for Exxon Mobil told a panel Thursday that moving now to access oil under the Arctic Ocean would guarantee the country’s energy supply when U.S. shale reserves are tapped out decades into the future, FuelFix reports.
BISMARCK, N.D. (AP) — North Dakota regulators have given the oil industry an additional 10 months next year to cut down on the reduction of wasteful flaring of natural gas but also implemented a stiffer long-term benchmark.
The decision Thursday by the state Industrial Commission pleased neither the industry nor environmental groups, but regulators said it's a give-and-take aimed at putting more natural gas on the market to the benefit of both energy companies and consumers.
The stocks of U.S. petroleum products increased last week, the Energy Information Administration reported, although the million barrel rise in crude stocks was less than analysts’ expected, while the jump in gasoline stocks exceeded predictions, according to Reuters.
Earthjustice filed court papers Tuesday on behalf of several environmental and health groups seeking to intervene to defend the Environmental Protection Agency’s lower ozone limits from a lawsuit brought by coal company Murray Energy, The Hill reports.
State Department climate envoy Todd Stern told a news conference that he’s thinking about the upside, not the downside, heading into a critical global conference on climate change policy that starts Monday, National Journal reports.
The plan for coal producer Walter Energy to emerge from bankruptcy is being fought by unions and the firm’s retired workers in Alabama, but a court Tuesday approved the company’s move to auction off assets, Reuters reports.
Acting to lower its credit rating for Pemex, Moody’s Investors Service pointed to the firm’s increasing debt and declining earnings, although Mexico’s national oil company responded by saying the move brings the agency in line with other ratings firms, The Wall Street Journal reports.
The White House and the billionaire conservative Koch brothers have been allies recently in moves to liberalize the nation’s criminal justice laws, but they are disagreeing over one measure that would require proof of suspects knowingly engaging in unlawful conduct, The New York Times reports, noting that such a move is alarming environmentalists.
According to a report released this week by the U.N. Office for Disaster Risk Reduction, weather-related disasters have caused more than 600,000 deaths and trillions of dollars in damages over the past 20 years, The New York Times reports.
A market-based approach for cutting vehicles’ greenhouse gas emissions—which could include mileage-based driver fees or emissions trading—is the goal as Connecticut, Delaware, New York, Rhode Island, Vermont, and the District of Columbia announced an agreement to work together on the issue, Reuters reports.