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.
An unexpected report of lower crude stockpiles last week pushed oil up Wednesday, while an announcement from Saudi Arabia of a drop in its official price fuelled bearish sentiment. U.S. benchmark crude gained 43 cents to settle at $90.73 a barrel on the Nymex, while in London Brent crude finished down 51 cents to $94.16, Reuters reports.
Pipeline operator Enterprise Products Partners says it’s acquiring Oiltanking Partners in a two-step, $5.8 billion dollar deal that will strengthen its midstream business, The Wall Street Journal reports, noting that the move will leave Enterprise well positioned if the U.S. shifts its ban on crude exports.
Enbridge Inc. anticipates it will receive approval from the State Department in mid-2015 to push capacity on its cross-border Alberta Clipper pipeline up to 800,000 barrels a day, a top executive told investors in Toronto Tuesday, The Wall Street Journal reports.
A judge’s decision that Broomfield’s fracking ban doesn’t apply to Sovereign Operating Co. because of an earlier memorandum of understanding between the company and the community is a “victory for certainty and clarity,” the Colorado Oil & Gas Association said, according to the Denver Business Journal.
Ahead of the weekly stockpile report issued Wednesday, oil was trading slightly higher the day after a big plunge. West Texas Intermediate crude for November delivery was up 43 cents to $91.59 in electronic trading on the Nymex, while in London Brent climbed 19 cents to $94.86, Bloomberg reports.
Shares in oilfield equipment maker National Oilwell Varco have dropped some 2.6 percent since the company announced it would buy back $3 billion worth from investors, the repurchase a sign that the firm may be running out of acquisition targets, FuelFix reports.
A special fund launched in Mexico Tuesday will handle income from the country’s oil and gas sector -– which has been newly opened to private investment –- giving some of it to the federal government and directing some to long-term savings, The Wall Street Journal reports.
BISMARCK, N.D. (AP) — A Canadian company that wants to build the largest oil pipeline yet from western North Dakota's booming oil patch is delaying the project for at least a year due to permitting problems in Minnesota.
Calgary, Alberta-based Enbridge Energy Partners LP disclosed the delay of the $2.6 billion Sandpiper pipeline in a filing Tuesday with the U.S. Securities and Exchange Commission.
Riding the back of the oil boom, Halliburton reported a 70 percent increase in earnings in the 3rd quarter, The Wall Street Journal reports, noting that CEO Dave Lesar predicted in a conference call Monday that the recent drop in oil prices would be temporary.
Skepticism about OPEC agreeing to cut oil production pressured prices again Monday. West Texas Intermediate crude for November delivery slipped 4 cents to settle at $82.71 a barrel on the Nymex, but in London December Brent lost 76 cents to end at $85.40, Bloomberg reports.
Proposed new regulations from the Department of Energy, published in Tuesday’s Federal Register seeking public comment, would cover energy conservation standards for some water heaters, while others would target certain fluorescent lamps, The Hill reports.
Despite industry support for the GOP bid to take over control of the Senate, oil and gas companies are still giving substantial donations to the re-election effort of Energy Committee chair Sen. Mary Landrieu, D-La., Reuters reports.
One of the people who helped write the McCain-Feingold legislation on political contributions says Tom Steyer’s NextGen Climate change is an example of how politics has become “privatized,” The New York Times reports.
As the U.S. prepares to take the chair of the Arctic Council for two years, environmentalists have been heartened by recent statements from U.S. Special Representative Robert Papp, who has said that climate change would figure prominently on his agenda, E&E reports.
With 419 megawatts added to U.S. wind power capacity in the 3rd quarter, installations in the first nine months of 2014 – totalling 1,254 megawatts -- have surpassed what came on line in all of the year before, according to the American Wind Energy Association, Bloomberg reports.
Robert W. Fri, who held a number of posts at the Environmental Protection Agency in the 1970s and served as president of the research institute Resources for the Future for a decade starting in the mid 80s, died on Oct. 10 in Maryland, The New York Times reports.