Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC have virtually given up on shale drilling outside of the U.S. after spending more than five years and billions of dollars in the effort, The Wall Street Journal reports.
Some residents expect drilling could begin in North Carolina as early as this year now that the state has ended its long-standing moratorium on fracking, although plans for exploration efforts thus far have failed to raise enough funding, Tribune News Service reports.
CONKLIN, N.Y. (AP) — Plenty of people leave New York state but in a job-hungry stretch of upstate, folks talk about staying put and seceding to Pennsylvania.
Local officials stung by a recent decision to ban natural gas fracking have raised the idea of redrawing the Keystone State's border. Even though they don't expect it to happen, members of the Upstate New York Towns Association hope the specter of secession will result in something — anything — good for a struggling part of the state peering enviously over the state line.
The cleanup costs to states for abandoned wells – a burden they’re not well equipped to take on – could skyrocket as lower oil prices take some of the steam out of the shale drilling boom, The Wall Street Journal reports.
The continuing protests against shale gas drilling in Algeria reflect population concerns about the use of water for fracking in a desert, as well as lingering anti-colonial resentment focused on French oil company Total, The New York Times reports.
More fracking sand is going into natural gas wells drilled in the Marcellus Shale, and operators are having to dispose of more sand at the end of the process. The increase is part of a technique that improves well production, the Pittsburgh Post-Gazette reports.
A week after New York environmental chief Joe Martens said he doesn’t see revisiting the fracking issue anytime soon, Gov. Andrew Cuomo declared he would “never” lift the state’s ban on hydraulic fracturing, The Journal News reports.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
Three GOP presidential hopefuls - Sens. Rand Paul, R-Ky., Ted Cruz, R-Texas, and Marco Rubio, R-Fla. - are co-sponsoring a bill to block the Environmental Protection Agency's Waters of the United States rule, The Hill reports. Paul announced the bill Friday.
A report from the center-right think tank American Action Forum estimates that the Environmental Protection Agency's power plant carbon rules could eventually force more than 90 coal-fired plants to retire and cost the economy nearly 300,000 jobs, The Washington Times reports.