Apache – keeping to its strategy of selling off non-core assets – is hoping to get more than $450 million for oil and gas properties in the Provost area in east-central Alberta, a person familiar with the matter told The Wall Street Journal.
PITTSBURGH (AP) — The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.
The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies.
Scientists used tracer fluids, seismic monitoring, and other tests to look for problems, and created the most detailed public report to date about how fracking affects adjacent rock structures.
BERLIN (AP) — Germany's Wintershall says it is buying shares in North Sea oil and gas fields from Norwegian company Statoil for $1.25 billion.
Wintershall, a subsidiary of BASF SE, said Friday that the transaction is expected to close by the end of the year. The deal includes shares in two production fields, a pipeline project and four exploration licenses.
China National Offshore Oil Corporation has opened bidding on 33 blocks of offshore leases totalling more than 48,000 square miles, stretching from Qingdao in the north to an area off Hainan Island in the South China Sea, Platts reports.
Norwegian company Statoil is expanding a pilot program in the Bakken Shale, where it captures natural gas that is a byproduct of oil drilling, and uses some of it to power oilfield equipment like drilling rigs instead of burning it off, FuelFix reports.
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.
The U.S. Court of Appeals for the District of Columbia Circuit on Thursday lifted a stay on the Environmental Protection Agency’s implementation of its Cross-State Air Pollution Rule, although legal arguments on challenges to some aspects of the regulation are set to take place next March, E&E reports.
Producers for American Crude Exports, or PACE, for short, is made up of more than a dozen independent oil companies who would like to see the decades-old U.S. ban on crude exports overturned, Reuters reports.
The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.
If the Federal Energy Regulatory Commission approves changes that PJM Interconnection will suggest to the rules, it’s possible the wholesale electricity market manager might find a way to keep a demand response program going despite legal challenges, E&E reports.
Rising global supply and sluggish demand were continuing to weigh on oil prices. U.S. benchmark crude for December delivery dropped $1.08 to settle at $81.01 a barrel on the Nymex, $1.74 lower than the price a week ago, while Brent finished at $86.13, a loss of 70 cents on the day and 3 cents less than last Friday’s settlement price, Reuters reports.
ConocoPhillips, alongside partners including BP and Exxon Mobil, has announced what it says is the first new drilling in the North Slope’s Kuparuk River Field in nearly a dozen years, a well to come on line in 2016 that will add 8,000 barrels a day of production, Platts reports.
In one of the most hotly contested and expensive House races in the country, Rep. Nick Rahall, D-W.Va., is battling against Republican candidate Evan Jenkins and powerful conservative groups backed by the Koch brothers, The New York Times reports.
Kristin Jacobs – who has turned in a strong performance in her campaign to be elected to the Florida House of Representatives in a flood-prone Miami district – is one of a number of candidates who are successfully pressing climate change as an issue even when polls say it’s not a top voter concern, The New York Times reports.
Opower says pilot programs run in Vermont and Southern California over the summer, which involved contacting customers to ask them to go easier on their air conditioning and then reporting back to them on how much electricity they saved compared to their neighbors, cut usage by nearly 3 percent on a number of hot days, The Washington Post reports.