NEW YORK (AP) — The drilling services company Baker Hughes on Wednesday implemented a policy of disclosing all of the chemicals used in its fracking operations.
Environmental groups and local communities have for years been pushing for full disclosure of the chemicals used in hydraulic fracturing, a drilling technique also known as fracking.
In response, the oil and gas industry set up an online database -- at FracFocus.org -- that lists many of the chemicals, but held back crucial information on certain chemicals and the amounts used on the grounds that it would provide competitors with trade secrets.
Following six months of negotiations with its suppliers, Baker Hughes says starting Wednesday it will list all of the individual chemicals it uses for fracking on the industry website FracFocus, although it won’t provide information about the proportions used in its cocktails, FuelFix reports.
NEW YORK (AP) — Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation.
Under pressure from the corporate responsibility group As You Sow, as well as New York City Comptroller Scott Stringer and other shareholders, Exxon agreed earlier this year to reveal more about how it manages the risks involved with the drilling technique, known as fracking.
The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks, including the possibility of water contamination and leaks of natural gas into the atmosphere that contribute to climate change.
NEW YORK (AP) — Exxon Mobil is explaining how it is working to manage the risks of hydraulic fracturing in a report issued in response to pressure from a corporate responsibility group, the New York City Comptroller, and other shareholders.
The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks. The report also goes into detail about the benefits of unconventional oil and gas production and how it compares favorably to many other types of energy production and generation.
PITTSBURGH (AP) — The gas drilling industry in Pennsylvania is recycling more and more water and one river basin commission now reports drillers there are drawing less freshwater than in the past.
Water use by the natural gas industry in the Susquehanna River Basin peaked at about 3.8 billion gallons in 2011 and that figure declined to about 3.1 billion gallons in 2013, Andrew J. Gavin, deputy executive director of the Susquehanna River Basin Commission, told The Associated Press.
Mining sand to meet the growing demands of fracking -- a practice currently common in parts of Wisconsin but with the potential to spread from Maine to Iowa -- poses risks to water, air, public health and property values in communities, according to a report put together by the Civil Society Institute, the Los Angeles Times reports.
Energy sector suppliers have a message for lawmakers: Stay out of the way of hydraulic fracturing, and we'll create hundreds of thousands of new jobs and generate billions of dollars in new tax revenues.
That was the bottom line of a new study by consulting firm IHS, commissioned by the Energy Equipment & Infrastructure Alliance, which estimates employment at companies that supply goods and services for the shale oil and gas boom could grow 45 percent to 757,000 jobs by 2025.
Two studies released this week found that fracking was not responsible for contaminating water in Pennsylvania and Texas, but the jury is still out on a case near Pavillion, Wyo., experts told the Casper Star-Tribune.
Many residents and officials in the southern tier area of New York state, which borders Pennsylvania, reacted with shock and despair to the news that the state government has rejected fracking, The New York Times reports.
H.R. 5705, sponsored by Rep. Robert Latta, R-Ohio, which calls for for more training about propane pricing and new data to be used by the Commerce Department in calculating prices, has been signed into law by President Obama, Platts reports.
During the week ending Dec. 13, the Association of American Railroads found that more than 119,000 carloads of coal were shipped in the U.S., an increase of nearly 8 percent on the period a year ago and the most in more than three months, Platts reports, noting that network congestion appears to be easing.
Oil rose in early trading Friday following a steep plunge the day before, but prices were losing momentum by midday in Europe. West Texas Intermediate crude for January delivery was 68 cents higher to $54.79 a barrel in electronic trading on the Nymex ahead of the contract expiring, while in London February Brent was up 1.2 percent to $60, Bloomberg reports.
Even as Halliburton prepares to take over rival oilfield services company Baker Hughes, CEO Dave Lesar, in an email to employees, said “2015 is going to be a tough year,” and warned of “reductions to our structure,” FuelFix reports.
The International Energy Agency – in a review of American energy strategy -- notes that the U.S. is operating many older nuclear power plants, and the government lacks a clear plan for the nuclear sector generally going forward, a problem that extends to carbon capture technology and renewable energy as well, The Hill reports.
Environmental activists marched to the governor’s office in Minnesota Thursday demanding he take action, following the decision by the Public Utilities Commission to stand behind its approval for expansion of Enbridge’s Line 67, commonly known as the Alberta Clipper pipeline, which would bring up to 800,000 barrels a day of oil sands crude across the Canadian border, Forum News Service reports.
In the wake of recent rainstorms, the portion of California under exceptional drought conditions dropped from 55 percent to 32 percent, according to figures made public by the U.S. Drought Monitor Thursday, the Los Angeles Times reports.