An analysis published Wednesday by the Environmental Working Group found that hydraulic fracturing operations across California used a total of 197 unique chemicals, some of which are considered carcinogenic by regulators.
The report drew fire from drillers, who accused EWG of “fear-mongering” and highlighted the stringent regulatory system on fracking in the state.
DETROIT (AP) — Oil and gas industry watchers said Wednesday prices at the pump have jumped across the Great Lakes region because of the unexpected, partial shutdown of a large Indiana oil refinery, and those increases could continue.
According to GasBuddy.com, the most affected states are Michigan, Indiana, Ohio and Illinois, but others, including Minnesota and Wisconsin, are also seeing increases.
A smaller-than-expected drop in U.S. crude inventories reined in oil prices Wednesday. Light, sweet crude for September delivery finished 22 cents higher to settle at $43.30 a barrel on the Nymex, while in London, Brent gained 48 cents to $49.66, MarketWatch reports.
LITTLE ROCK, Ark. (AP) — A federal judge approved a $5 million settlement among the operators of an oil pipeline, the state of Arkansas and the federal government Wednesday, finding that the deal to end claims stemming from a spill two years ago satisfied the public interest even if it might not be the best pact possible.
Crude oil breached the Pegasus pipeline on March 29, 2013, oozing 3,190 barrels of oil onto land and water at Mayflower, 20 miles northwest of Little Rock. Exxon Mobil Corp. agreed to pay $3.19 million in fines to the federal government, plus nearly $1.9 million in fines, fees and other payments to Arkansas.
International Energy Agency predictions of accelerating oil demand helped boost prices early Wednesday, despite concerns about the future of China’s economy. U.S. benchmark crude gained 30 cents to $43.38 a barrel in electronic trading on the Nymex, while in London Brent was 30 cents higher to $49.48, Reuters reports.
LONDON (AP) — The CEO of Royal Dutch Shell says he decided to drill for oil off the coast of Alaska after a careful evaluation of the risks.
In an interview with the BBC broadcast Wednesday, Ben van Beurden says that although drilling in the Arctic carries an "increased risk profile" because of the fragile environment, the reservoir Shell is exploring is "from a technical perspective relatively easy."
The International Energy Agency predicts that Iran could quickly increase its crude production by as much as 730,000 barrels per day after sanctions are lifted as part of Tehran's nuclear deal with the West, Reuters reports.
Dismissing a story in Canadian media that a decision on the Keystone XL pipeline is imminent, White House spokesman Josh Earnest said the State Department is still reviewing the proposed project, The Hill reports.
Environmentalists plan to protest the Obama administration approval of drilling in Arctic waters when the president visits Alaska, while the state’s governor and others plan to push for more oil and gas production, National Journal reports.
Despite New Orleans’ recovery from Hurricane Katrina – hailed by President Obama in a visit Thursday – the federal government is still falling short when it comes to improving flood defenses, according to an analysis from the Georgetown Climate Center, E&E reports.
Oil was rising again Friday after prices a day earlier racked up the biggest single day increase since March, 2009. U.S. benchmark crude for October delivery was up $1.56 to $44.12 a barrel on the Nymex, while in London Brent jumped $1.18 to $48.74, The Wall Street Journal reports.
Seeo – a California-based developer of electric car batteries that holds a licence for patents from the Lawrence Berkeley National Laboratory – has been acquired by international car parts company Robert Bosch, Reuters reports.
An analysis prepared for the New England Coalition for Affordable Energy -– which was funded by the American Petroleum Institute and America’s Natural Gas Alliance -– found that New England could end up paying $5.4 billion more for energy if the region fails to upgrade its infrastructure, the New Haven Register reports.
Hercules Offshore didn’t appeal a move by Nasdaq to have its stock deslisted from the exchange in the wake of its Chapter 11 filing, so the company stock – trading for 7 cents a share Thursday afternoon – is now handled in the over-the-counter market, FuelFix reports.
In the heart of Colorado’s drilling boom, Weld County saw the highest rate of job growth in the country even though the state adopted air pollution rules seen as a precursor to those under consideration at the Environmental Protection Agency, E&E reports.