| browse concepts or read more news
Oil prices plummet after Thursday's spike
Daniel J. GraeberNEW YORK, Sept. 9 (UPI) -- A day after a data-driven spike, crude oil prices reversed course in early Friday trading as Russia's energy minister pushed production talks off the table.
16 points by UPI | Petroleum United Press International Benchmark Peak oil Brent Crude William Randolph Hearst International News Service News World Communications
Potential for more oil found in British waters
Daniel J. GraeberSURREY, England, Sept. 9 (UPI) -- A "very significant" reservoir of oil was uncovered during a pilot program in British waters west of the Shetland Islands, a British-based company said Friday.
73 points by UPI | United Press International International News Service William Randolph Hearst News World Communications Hearst Castle Petroleum
Iranian oil output stagnates for third month amid OPEC bargaining
Iran's steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfil its plans to raise production to new highs while demanding to be excluded from any OPEC deals on supply curbs.
113 points by | Petroleum OPEC United Arab Emirates Peak oil Saudi Arabia Middle East Iraq Iran
AP Explains: What's the Dakota Access oil pipeline?
BISMARCK, N.D. (AP) - A federal judge has said he will rule by Friday on the Standing Rock Sioux tribe's lawsuit that challenges federal permits for the four-state, $3.8 billion Dakota Access Pipeline. The lawsuit alleges that the pipeline, which would be placed less than a mile upstream of the ...
-1 points by The Washington Times | Sioux North Dakota Security guard Missouri River South Dakota Lakota people Standing Rock Indian Reservation Petroleum
North Dakota oil pipeline protest finds support in Denver, hundreds gather at State Capitol
Hundreds gathered at the State Capitol in Denver Thursday night to protest the Dakota Access oil pipeline, calling for construction of the controversial pipeline to halt.
2342 points by The Denver Post | Native Americans in the United States Sioux North Dakota United States Petroleum New Mexico Washington D.C. Standing Rock Indian Reservation
National Guard put on alert as protesters await decision on North Dakota pipeline
The governor of North Dakota has activated the state's National Guard ahead of a U.S. District judge's decision Friday morning that could inflame protesters who have been gathered here for weeks in an effort to block a pipeline project. An encampment stretching a half-mile amid pastureland along...
2028 points by Los Angeles Times | North Dakota Sioux Lakota people South Dakota Standing Rock Indian Reservation Petroleum U.S. state Minnesota
Decision by California panel leaves coastal land untouched
NEWPORT BEACH, Calif. — A long-awaited vote by a California panel will leave a vast, valuable stretch of oil land overlooking the Pacific Ocean virtually untouched for now and without an immediate plan to develop or preserve it.The decision late Wednesday by the California Coastal Commission to deny a proposal to build nearly 900 homes means the 401 acres in Orange County will remain covered with a patchwork of oil wells and coastal shrubs that shelter rare wildlife coveted by residents who yearn for more open space.
-1 points by Boston Herald | Petroleum Orange County California California Petroleum industry Building
With hopes fading, lawmakers meet on energy bill
WASHINGTON (AP) - Fading Congressional efforts to approve the first major energy bill in nearly a decade have been revived - for now. Lawmakers convened a long-delayed meeting Thursday aimed at finding a bipartisan agreement by the end of the year. Republican Sen. Lisa Murkowski of Alaska acknowledged that the ...
6 points by The Washington Times | United States Senate Legislatures Alaska Gray Wolf United States Senate Committee on Energy and Natural Resources Petroleum United States Congress Wolf
Q&A: The 4-state, $3.8 billion Dakota Access oil pipeline
A federal judge has said he'll rule by Friday on the Standing Rock Sioux tribe's lawsuit challenging the pipeline.       
141 points by USA Today | Sioux North Dakota Security guard Missouri River South Dakota Petroleum Lakota people Standing Rock Indian Reservation
Clinton & Trump lies about US intervention overseas go unchallenged during NBC town hall
The “Commander-in-Chief” NBC forum, featuring presidential nominees Hillary Clinton and Donald Trump, was slammed on social media for the failure of moderator Matt Lauer to challenge their often contradictory and false claims on US foreign policy. Read Full Article at
188 points by Russia Today | President of the United States Iraq War United States 2003 invasion of Iraq Petroleum Foreign policy of the United States Saddam Hussein George W. Bush
Oil prices extend rally after ECB rate stand-still
Daniel J. GraeberNEW YORK, Sept. 8 (UPI) -- Oil prices, already rising in response to a decline in U.S. production estimates, rallied further on Thursday after the European Central Bank stood still.
14 points by UPI | European Union Petroleum Euro United Press International Eurozone European Central Bank Benchmark Peak oil
Mexico's New Finance Minister Inherits Tight Budget Goals
José Antonio Meade has the task of presenting Congress with a budget proposal for 2017 that will slash government spending to confront further declines in oil revenue and rein in growing public debt.
6 points by The Wall Street Journal | United States public debt Tax Federal government of the United States President of the United States Petroleum Corporate finance Mexico Rein
Rig counts up, but still lower than last year
Daniel J. GraeberHOUSTON, Sept. 8 (UPI) -- Exploration and production activity in North America is on the rise, but still far below the levels seen last year, data from Baker Hughes show.
10 points by UPI | United States United Press International International News Service News World Communications North America William Randolph Hearst Benchmark Petroleum
Asia stocks at one-year high as soft US data quells Fed hike talk
The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak US services sector activity put paid to already slim chances of an interest rate hike by the Federal Reserve as early as this month.
103 points by | Monetary policy Central bank Bank of England Currency Petroleum United States dollar Japan Interest rate
Oil edges lower amid scepticism about output freeze
Oil prices inched has lower as market participants remain sceptical that producers will reach an agreement to freeze output to rein in a global supply glut.
-1 points by | Petroleum OPEC United Arab Emirates Saudi Arabia Brent Crude Iraq Benchmark Light crude oil
Judge puts hold on plan to open California lands to fracking
A federal judge on Tuesday tentatively rejected a plan by the federal Bureau of Land Management to open more than 1,500 square miles of lands in central California to oil drilling and fracking ...
-1 points by Las Vegas Sun | California Bureau of Land Management Petroleum Federal Bureau of Investigation Hydraulic fracturing Oil well Sierra Nevada President of the United States
California panel to weigh development on coastal oil land
NEWPORT BEACH, Calif. (AP) — A hotly-contested proposal to build homes on a stretch of Southern California coastline long used for oil drilling that also provides wildlife habitat will be up for public discussion Wednesday.
-1 points by Arizona Daily Star | Petroleum Orange County California Coast Beach Shore Shoal University of Southern California California
Texas firm to buy Yates Petroleum
One of the largest oil producers in the U.S. is purchasing a privately-held New Mexico company and some of its subsidiaries in a $2.5 billion deal.
3 points by The Denver Post | Powder River Basin New Mexico Petroleum Drainage basin Wyoming United States Native Americans in the United States BNSF Railway
Handshake in New York led to courtroom drama in Texas
[...] as Pennzoil executives celebrated their pending acquisition of Getty Oil Co. in early 1984, another buyer was circling. Getty was prized for its extensive crude reserves, and in the early 1980s, as Pennzoil looked to expand its reserves, it eyed the company founded by the legendary oil baron J. Paul Getty. A long-time oil man who started his career as a lawyer doing deals in Midland for energy clients, he became partners in 1953 with another oil prospector, George H.W. Bush, to form Zapata Petroleum. By that time, Jamail had developed a national reputation for his fierce representation of grieving widows and injured workers, as well as his colorful language and aggressive style. At every turn, Jamail tried to transform a complicated and boring contract dispute into a sweeping morality play, by indicting the corporate takeover practices of New York lawyers and investment bankers, according to his book. Richard B. Miller, a Harvard Law School graduate who never finished high school or college, believed that he, not Jamail, was the nation's best trial lawyer. Company officials raised the possibility of bankruptcy, a move that led banks to demand immediate repayment of loans, Texaco's electricity provider to seek weekly payments, and investors to sell, according to "Oil and Honor." The jury's finding that the handshake agreement in New York essentially amounted to a contract introduced a new caution among executives, undermining the word-is-my-bond style of doing business. After even casual conversations about business over lunch or drinks, executives became reluctant to shake hands immediately following the Texaco-Pennzoil case, according "Oil and Honor."
50 points by The Houston Chronicle | Texaco J. Paul Getty Jury Getty Oil Pennzoil Petroleum Joe Jamail Judge
Crude prices rising on shrinking reserves, China demand
A sharp drop in US crude stockpiles, a weaker dollar, and an increase in Chinese imports have continued to boost recent gains in oil futures. Read Full Article at
22 points by Russia Today | Petroleum Benchmark Saudi Arabia Peak oil Brent Crude OPEC Dubai Crude West Texas Intermediate
Coastal Commission rejects Newport Banning Ranch development
After a marathon day of testimony, California coastal commissioners voted to deny a controversial proposal to develop one of the largest open private parcels of land on the Southern California coast. The 9-1 vote came at about 10:30 p.m. Wednesday, more than 11 hours after the hearing started. The...
6162 points by Los Angeles Times | Commissioner Pacific Ocean Petroleum Proposal Southern California Dynasty California The Commission
The Latest: California panel rejects coastal development
NEWPORT BEACH, Calif. (AP) — The Latest on a hearing over a development proposed for a vast tract of oil land on Southern California's coast (all times local):
-1 points by Arizona Daily Star | Petroleum Orange County California Coast Beach Shore Shoal University of Southern California California
Oil-rich Alberta unveils jobs package
Daniel J. GraeberEDMONTON, Alberta, Sept. 8 (UPI) -- The provincial Canadian government in oil-rich Alberta said it was pushing forward with a jobs plan as the region's economy drags down the nation
27 points by UPI | United Press International Monetary policy William Randolph Hearst International News Service News World Communications Petroleum Unemployment Peak oil
Energy sector job losses mount for Norway
Daniel J. GraeberOSLO, Norway, Sept. 8 (UPI) -- The government of Norway said Thursday the number of jobs tied to the production of oil and natural gas declined during the second quarter.
8 points by UPI | Petroleum United Press International William Randolph Hearst International News Service News World Communications Natural gas Oil well Oil field
Colorado Editorial Roundup
The Denver Post, Sept. 1, on funding Colorado Parks and Wildlife: Colorado's wildlife agency needs $20 million to fix 10 "high-hazard" dams, part of a shortfall that will grow unless the state Legislature acts. But the proposed solution, raising hunting and fishing license fees for state residents 100 percent over ...
-1 points by The Washington Times | Democracy Voting Price of petroleum Colorado Colorado municipalities Petroleum Petroleum industry Elections
DEQ appointee defends environmental credentials
Democrats criticize former oil lobbyist tapped by Gov. Rick Snyder to lead the Department of Environmental Quality        
-1 points by The Detroit News | United States Senate Petroleum Environment Natural environment Environmentalism Water Water supply network Water supply
Trump gives green-light for Keystone XL pipeline, says ‘great day’ for jobs
President Donald Trump declared it a “great day for American jobs” on Friday as he formally green-lighted the Keystone XL pipeline, clearing the way for the $8 billion project to finally be completed.
1 points by Las Vegas Review-Journal | Barack Obama ExxonMobil Global warming President of the United States Energy policy of the United States Energy development United States Petroleum
Trump approves Keystone XL, calling it 'great day' for jobs
President Donald Trump declared it a "great day for American jobs" on Friday as he formally green-lighted the Keystone XL pipeline, clearing the way for the $8 billion project to finally be completed. In a reversal of the Obama administration's earlier decision, the Trump administration issued...
-1 points by Chicago Tribune | Barack Obama ExxonMobil Global warming President of the United States Energy policy of the United States Energy development United States Petroleum
Asian markets mixed as US health bill delay raises doubts
HONG KONG — Asian stock markets are mixed Friday after a U.S. vote on a health care bill was delayed, raising doubts among investors over whether President Donald Trump can push through his business friendly agenda.
-2 points by Boston Herald | Stock market index Petroleum United States Congress Mutual fund Health care 111th United States Congress Nikkei 225 Dubai Crude
OPEC out of moves as Goldman Sachs expects another oil glut in 2018
Oil prices are heading down again on swelling US crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. Read Full Article at
-1 points by Russia Today | OPEC Petroleum Goldman Sachs Peak oil Marketing Mexico Stability Subprime mortgage crisis
Oil truck strikes and kills woman crossing Bronx street
A woman lost her leg Thursday when a box truck hit her as she crossed a Bronx street, officials said.
-1 points by Daily News | What Happened Woman Morris County New Jersey Petroleum
Oil-, gas-drillers bid $5.2 million for leases in Wayne National Forest
Oil and gas companies bid about $5.2 million Thursday for the rights to explore and potentially drill in 1,180 acres of land in the Wayne National Forest. WASHINGTON, D.C. - Oil and gas companies bid about $5.2 million Thursday for leases to explore and potentially drill in 1,180 acres of land in the Wayne National Forest. Combined with the initial auction of national forest land in Southeast Ohio last December, oil and gas companies have laid claim to more than 1,840 acres at a cost of nearly $6.9 million, according to the U.S. Bureau of Land Management's web site. Up to 40,000 acres of national forest land could eventually become available for oil and gas drilling, the majority of which is expected to be accomplished via hydraulic fracturing, more commonly known as fracking. The next auction is tentatively scheduled for June 22. The Wayne National Forest is a patchwork of land divided into three main sections located across 12 Ohio counties near the cities of Athens, Marietta and Ironton.Chris Morris/The Plain Dealer  All of the acreage leased to date is in Monroe County, near Marietta, which is believed to contain the richest concentration of fossil fuels in the state. "We knew this sale was going to be at least $2 million, but it more than doubled our conservative projections, and that's great news for taxpayers and private mineral owners in Monroe County," said Jackie Stewart, a representative from the industry-financed newsletter, Energy In Depth Ohio. Stewart noted that the federal government does not own the majority of mineral rights in the forest; 59 percent are privately owned, she said. "Up until recently, those private mineral owners were being held hostage of seeing their minerals developed," she said. The controversial auction of leases to drill in the national forest has sparked outrage in the rural, low-income area of the Appalachian foothills, however. More than 100,000 people signed a petition to block the auction. Another 52 people wrote letters of protest to the Bureau of Land Management expressing fears that fracking operations would pollute the park's groundwater and natural habitat. "It is unconscionable that the BLM and U.S. Forest Service are considering leasing away 40,000 acres, that is a sixth of our already small and abused forest," wrote Melissa Wales of Athens. "My friends and family love to camp, cook out, hunt, hike and ATV in the forest." "There is plenty of private land being used for fracking and injection wells - Enough," wrote Barb and John Kidd of the Ohio River township of Reno. All of the protests were "resolved," said Elena Fink, deputy state director of the Ohio Department of Natural Resources, and the auction went on as planned. In an op-ed piece published in the Columbus Dispatch today, Tony Scardina, supervisor of the Wayne National Forest, said his primary concern is to ensure that appropriate environmental protections are in place, and that any development meets or exceeds standards for natural resource conservation, and protection of public health and safety. Scardina's job, however, also requires him to foster and encourage domestic energy production on federal lands to help create local jobs and reduce the nation's dependence on foreign energy. Since the Wayne National Forest was established in 1934, the Forest Service has "worked diligently to restore healthy forests, clean water, fish and wildlife populations" in concert with more than 1,200 active oil wells in the forest, he said. "I am confident in our ability to manage multiple uses in the national forest, including oil and gas development," Scardina wrote. The BLM agreed to open the national forest for oil and gas exploration following an Environmental Assessment study that found drilling would "have no significant impact on the environment."
-1 points by The Plain Dealer | Petroleum United States National Forest Ohio Natural resource United States Forest Service Bureau of Land Management Ohio River Natural gas
One contractor killed in oil pipeline leak in Saudi Arabia
Allen ConeFeb. 19 (UPI) -- A pipeline oil leak killed one contractor and injured three other workers in the eastern Saudi Arabian city of Abqaiq, state-owned Aramco said.
11 points by UPI | Petroleum Saudi Arabia Arabian Peninsula United Arab Emirates Saudi Aramco Jeddah United Press International Iraq
Islamic State in financial pit, income halved since 2014 – study
Islamic State (IS, formerly ISIS/ISIL) has been experiencing deep financial troubles, with the average income dropping by a half since the terrorist group advanced in Syria in 2014, a new study has found. Read Full Article at
46 points by Russia Today | Petroleum Caliphate Revenue Iraq Income Terrorism 2015 Iraq War
Pennsylvania correlates natural gas fracking with quakes
Pennsylvania environmental regulators have found a likely correlation between a natural gas company's fracking operation and a series of tiny earthquakes in western Pennsylvania last year.
-2 points by The Philadelphia Inquirer | Natural gas Oil well Shale gas Petroleum Earthquake United States Hydraulic fracturing U.S. state
Even if Maryland fracking ban fails, Garrett County doesn't foresee a drilling boom
A decade ago, Bill Janoske's father and uncle signed a deal. The energy company Chesapeake Appalachia LLC would pay them $5 a year for each of the 660 acres on the family's former dairy farm, a stone's throw from West Virginia in three directions. In exchange, the company had the right to drill...
-2 points by Baltimore Sun | Natural gas Maryland Petroleum Garrett County Maryland Liquefied natural gas Oil well Natural gas prices Natural gas storage
EnQuest on pace for new North Sea oil
Daniel J. GraeberFeb. 17 (UPI) -- A company helping to steer development of the Kraken oil field in the North Sea said Friday it was on pace to start production by the second quarter.
1 points by UPI | Petroleum Natural gas United Press International North Sea Natural gas field Atlantic Ocean Continental shelf Baltic Sea
Enbridge denies own report noting Straits oil pipeline losing coating
Enbridge officials denied reports that its pipelines in the Straits of Mackinac are losing their protective coating.        
-2 points by Detroit Free Press | Pipeline transport Petroleum Oil spill Natural gas Exxon Valdez oil spill Michigan Mediterranean Sea Pipeline
DEP links Lawrence County earthquakes to fracking
A series of small earthquakes in Lawrence County last year appear to have been linked to fracking operations at nearby Utica Shale wells, Pennsylvania regulators said today.
-2 points by Pittsburgh Post-Gazette | Lawrence County Pennsylvania Seismology Conclusion Oil well Petroleum Shale gas Natural gas Beaver County Pennsylvania
Second Women in Industry conference sells out
[...] Women in Industry conference sells out The CCPI hopes to encourage women of all ages and educational statuses to pursue a career in the region, including high school students, undergrads, graduates and veterans. According to a 2016 report by IHS Global Inc., women make up only 17 percent of total employment in the oil and natural gas and petrochemical industry, while other minorities like black and Hispanic individuals vary in low percentages as well.
1 points by The Houston Chronicle | College Associate's degree Community college Standard Oil Petroleum Junior college Higher education United States
Oil prices get modest lift from OPEC, but pressures linger
Daniel J. GraeberFeb. 16 (UPI) -- Oil prices got a modest lift early Thursday on word OPEC may be upping the production cut ante, but gains were balanced by signs of Russian production growth.
1 points by UPI | Petroleum Benchmark OPEC Saudi Arabia Brent Crude Light crude oil Peak oil Dubai Crude
Norway sees job prospects improving in oil and gas
Daniel J. GraeberFeb. 16 (UPI) -- The number of job vacancies in the Norwegian economy moved higher, with oil and gas prospects showing early signs of recovery, the government reported.
5 points by UPI | Federal government of the United States United Press International Petroleum Report U.S. state Economics Norway Sovereign state
OPEC cuts not doing the job, analyst says
Daniel J. GraeberFeb. 16 (UPI) -- Production cuts from the Organization of Petroleum Exporting Countries aren't enough to cut global crude oil supplies, a market analyst said Thursday.
4 points by UPI | OPEC Peak oil Petroleum Saudi Arabia Supply and demand Oil shale Benchmark 1973 oil crisis
Letter: Beauty of solar
Beauty of solarRegarding the article on Feb. 8 about objections to solar panels at the Unitarian Universalist Church in Concord, we can understand why someone may think that solar panels in the front of a church are not in keeping with the standards of the neighborhood. Sometimes we have to change...
-2 points by Concord Monitor | Unitarian Universalism Universalist Church of America Universalism Unitarian Universalist Association Water Petroleum Global warming Fossil fuel
Dakota Access Pipeline protest camps deteriorating
The conditions where people are camping to protest the Dakota Access Pipeline are rapidly worsening, and activists could be facing a serious health crisis, according to the governor of North Dakota and the state health department. Read Full Article at
320 points by Russia Today | Petroleum River Sioux Water Missouri River Flood South Dakota River Thames
OPEC notes role as market stabilizer
Daniel J. GraeberFeb. 15 (UPI) -- The secretary-general of OPEC said market stability was a primary objective for the production group, but noted the importance of spare capacity.
1 points by UPI | Petroleum OPEC Saudi Arabia United Arab Emirates Peak oil Riyadh United Press International Arab League
U.S. gas prices likely at short-term low
Daniel J. GraeberFeb. 15 (UPI) -- A retail price watchdog said this may be the short-term seasonal low point for U.S. gasoline prices as refiners start switching to a different blend.
2 points by UPI | Gasoline Petroleum Oil refinery Peak oil Internal combustion engine Suggested retail price Cost Price
Oil prices recover lost ground after Monday's beating
Daniel J. GraeberFeb. 14 (UPI) -- Tepid growth in the European economy and a recovery phase following steady losses in the previous session pushed oil prices higher early Tuesday.
2 points by UPI | Petroleum European Union Benchmark United States Peak oil Brent Crude OPEC Light crude oil
Norway heralds new North Sea production
Daniel J. GraeberFeb. 14 (UPI) -- The start of new production in the North Sea is a testament to the enduring strength of Norway's energy sector, the country's energy minister said.
8 points by UPI | Norway Petroleum Norwegian language Edvard Grieg Høgnorsk Nynorsk United Press International Ivar Aasen
World Bank chief visits oil-rich Saudi Arabia
Daniel J. GraeberFeb. 14 (UPI) -- Riyadh received support for a new economic vision from the World Bank, the government said as representatives met on the sidelines with OPEC.
10 points by UPI | Saudi Arabia Petroleum OPEC United Arab Emirates Peak oil Saudi Aramco Abdullah of Saudi Arabia Riyadh