Oil

Oil Boom Shifts The Landscape Of Rural North Dakota

Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →

Cattle Return From Alpine Summer Grazing

Argentina needs foreign technical and financial assistance to tap its considerable shale resources. Unable to access international debt and capital markets after a recent default, the country is restructuring legislation to make investment opportunities more attractive to international oil companies. [Reuters] Global accounting firm Ernst & Young released its latest quarterly Renewable Energy Country Attractiveness… Keep reading →

Northeast Debates Benefits And Dangers Of Hydrofracking

On September 12 World Resources Institute had an event to unveil their new report on the fresh water impacts of shale gas development. The WRI report examines the availability of freshwater across shale plays globally. Shale resources of natural gas, natural gas liquids and tight oil are extracted using hydrofracking techniques that require substantial quantities… Keep reading →

Oil Fields In Northern Iraq Try To Reach Maximum Production capacity.

Deemed one of the most-well-funded terrorist networks, the Islamist State in Syria and Iraq is reportedly making millions of dollars daily from smuggling, stealing, refining and selling oil. Completely shutting down their vast operation appears unlikely according to expert consensus. “When Islamic State fighters stormed across the Syrian border into Iraq and seized Mosul, a… Keep reading →

Spanish Crisis Closes The Door Industry

What does the term “fracking” mean to you? Chances are there are numerous answers to that question because the term has vaulted into US vernacular and political debates virtually overnight, along with the astonishing domestic oil and gas production increases to which hydraulic fracturing is directly related. Fracking is a fairly complex hydrocarbon well-completion technology… Keep reading →

Yukos Oil and Gas Company

The EU further ratcheted up sanctions against Russia’s oil sector targeting Gazpromneft, Transneft and Rosneft with measures that will prevent the firms from raising capital in EU member states. The economic restrictions again fall short of squeezing Russia’s natural gas industry upon which many European companies closely rely. [Wall Street Journal] European Energy Commissioner Günther… Keep reading →

As Drilling At Relief Well Continues, Gulf Coast Toils Over Spill Recovery

The United States District Court for the Eastern District of Louisiana found BP was grossly negligent with regard to the accident and its activities in conjunction with the Macondo well in the Gulf of Mexico. BP said it “strongly disagrees” with the finding and will immediately appeal. The number of barrels spilled remains in question and… Keep reading →

Balance Of Power At Stake As Midterm Elections Draw Near

Reports that a new Obama Administration climate plan seeks to circumvent congress have democrats and republicans up in arms. The alleged plan would create binding agreements with other governments that fall short of an actual treaty which would require a majority senate vote many see as unlikely. “Republicans have also sought to portray Obama as… Keep reading →

EPA Proposes More Stringent Emissions Standards For Non-road Diesels

As oil production volumes from the Bakken Shale formation zoomed past 1 million barrels, farmers watched their grain inventories pile up because they have not been able to book rail shipping capacity fast enough. This article highlights shifting commodity production, pricing and transportation dynamics as the US oil output renaissance coincides with record grain production.… Keep reading →

Deadline Approaches For Grangemouth Dispute

This week is shaping up to be rough for the US coal industry. The EPA is holding hearings on plans to dramatically cut carbon-dioxide emissions released from US power plants and the Obama administration just published a report on the economic consequences of waiting to act on climate change. It’s enough to make one wonder… Keep reading →

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