Members of Canada’s Oil Sands Innovation Alliance, which includes some of the world’s big oil companies, will take voluntary steps to reduce the environmental impact of their operations, Cosia’s chief said Tuesday, The Wall Street Journal reports.
North Sea oil policy would remain the same if Scotland became independent in the wake of September’s referendum, Scotland’s energy minister said, although oil companies have expressed skepticism, The Wall Street Journal reports.
BUENOS AIRES, Argentina (AP) — State-run Argentine oil company YPF SA said Thursday it has reached a deal with Malaysia's Petronas to develop what is believed to be massive deposits of shale oil and gas in the vast Vaca Muerta formation in Patagonia.
YPF said the Malaysian state-owned oil company will provide $475 million of an initial investment totaling $550 million for a pilot phase scheduled to start early next year.
SAN FRANCISCO (AP) — The U.S. Bureau of Land Management will resume issuing oil and gas leases next year for federal lands in California after a new study found limited environmental impacts from fracking and other enhanced drilling techniques, the agency said Thursday.
The move will end a halt that has stood since a federal judge ruled in 2013 that the federal agency failed to follow environmental law in allowing an oil extraction method known as fracking on public land in Monterey County.
ANCHORAGE, Alaska (AP) — Royal Dutch Shell PLC has filed a revised Arctic offshore drilling plan with federal regulators but says the company hasn't decided whether to return to waters off the coast of northwest Alaska in 2015.
The revised exploration plan submitted to the Bureau of Ocean Energy Management in Anchorage calls for two drilling vessels to operate simultaneously in the Chukchi Sea rather than one in the Chukchi and one in the Beaufort Sea off Alaska's north Coast.
The presence of two vessels is required so one can drill a relief well in the event of damage from a blowout.
Since assuming key energy and climate roles inside the White House late last year, John Podesta and Dan Utech are getting passing grades on accessibility from industry trade lobbies. But the slow pace of action leaves the groups uncertain about the future of the U.S. energy boom.
Industry officials told EnergyGuardian that the White House has been open to hearing their arguments about goals, such as expanded offshore drilling, and criticisms, notably delays surrounding the Renewable Fuel Standard and potentially tougher ozone standards.
The non-profit group Sky Truth has created a global interactive map displaying natural gas flaring – in the U.S. showing concentrated activity in the Bakken, Eagle Ford and Marcellus Shale plays -- while environmental advocate Earthworks has released a report entitled Up in Flames that contains extensive statistics, stating, for example, that flaring in the Bakken increased five-fold between 2010 and 2013, according to National Journal.
Coming from different sides of the issue, environmentalists and a number of states presented arguments in the U.S. Court of Appeals for the District of Columbia Circuit against the Environmental Protection Agency’s designation of areas that do and don’t meet its 2008 ozone rule, E&E reports.
Tom Steyer is closing in on the $50 million he promised to put into his NextGen Climate PAC in the 2014 election cycle, as the $15 million he added in September – reflected in Federal Election Commission records – brings his total to some $41 million, The Hill reports.
Minnesota Democrats Sen. Al Franken and Rep. Collin Peterson, as well as Michigan Senatorial candidate Rep. Gary Peters, are getting support from ads being run by Fuels America, a biofuels group, which is also lending its support to Rep. Lee Terry, R-Neb., The Hill reports.
If oil prices dropped to less than $80 a barrel, a third of U.S. production of shale oil would no longer be economically viable, an analyst told Bloomberg, which reports that such a major development would change the global energy picture.
A bigger-than-expected increase in Chinese quarterly gross domestic product numbers sent oil prices higher Tuesday. West Texas Intermediate crude for November delivery rose 10 cents as the contract expired, to $82.81 a barrel on the Nymex, while in London December Brent jumped 1 percent, or 82 cents, to $86.22, Bloomberg reports.
Crestwood Midstream Partners says it will start seeking binding contracts in November for its proposed 30-mile MARC II natural gas pipeline in New England, having attracted nonbinding commitments for 700 million cubic feet per day already, FuelFix reports.
California’s big agricultural firms produce almonds, pistachios, melons and tomatoes in the Westlands district with irrigation despite the state’s crippling drought, but they buy and import huge quantities of water to do it, the Los Angeles Times reports.
Russia and the crisis over Ukraine, the fallout from the Fukushima nuclear disaster and the advent of cheap shale gas are some of the challenges facing European Union leaders as they meet in a summit to discuss climate change issues later this week, The New York Times reports.