Groups push EPA to rewrite Oil and Gas waste disposal rules
Seven environmental organizations say they will sue the U.S. Environmental Protection Agency to force the agency to set new and tighter standards for disposal of oil and gas drilling and fracking waste that they say now threatens public health and the environment.
Low crude price puts pressure on US banks over Oil and Gas loans
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. The low crude price is putting US banks under pressure from regulators to move quickly in classifying oil and gas loans as troubled assets when borrowers slide into difficulty, says a top financier.
Cooperation, confidence vital in opening Arctic to Oil and Gas exploration
The president’s visit to Alaska this week highlights the economic opportunity and concern for the future of Arctic people’s cultures and the environment in the face of changing climate and increased human activity. Recognizing that nations like Russia and China are moving forward with Arctic economic development, facilitating exploration and development in Alaska would enhance national, economic and energy security, benefit the people of the north and the United States as a whole and position us well to exercise global leadership.
Alberta to keep Oil, Gas royalty framework till end of 2016
Alberta’s oil and gas royalty framework will remain in place until the end of 2016, Energy Minister Marg McCuaig-Boyd said on Friday, as she gave details on a review of the scheme for the province’s new left-leaning New Democrat government.
Encana, Erie reach agreement on Oil and Gas operations
After months of negotiations, Erie town officials and Encana Corp., one of Colorado's biggest energy companies, have reached an agreement governing how oil and gas operations will be conducted in the northern Front Range town.
Norway’s Seagull Oil & Gas Acquires ExTek AS
E-learning company Seagull Oil & Gas acquired all the shares in ExTek AS, Norway’s oil and gas industry core competency training center, the company said Aug. 26. ExTek is Norway’s only core competency training center for employees and contract staff that uses the globally recognized CompEx Scheme, the company added.
Make room for local voices on Oil and Gas drilling
Petitioners in three Ohio counties have encountered substantial objections from Jon Husted in their drives to pass charter amendments that would ban hydraulic fracturing for oil and natural gas and related activities. The secretary of state recently ruled proposed amendments in Medina, Fulton and Athens counties off the Nov. 3 ballot, citing deficiencies in the charter form of government to be established and conflicts with state laws regulating the oil and gas industry.
Hawaiis Governor Dumps Oil and Gas in Favor of 100 Percent Renewables
At the Asia Pacific Resilience Innovation Summit held in Honolulu, Hawaii, this week, Governor David Ige dropped a bombshell. His administration will not use natural gas to replace the state’s petroleum-fueled electricity plants, but will make a full-court press toward 100 percent renewables by 2045. Ige’s decisive and ambitious energy vision is making Hawaii into the world’s most important laboratory for humankind’s fight against climate change. He has, in addition, attracted an unlikely and enthusiastic partner in his embrace of green energy—the US military.
Heres the real long-term threat to the Oil and Gas industry
As oil prices continue their downward slide, most investors and firms are understandably eyeing prices, revenues, and exploration costs nervously. All that makes sense, as there is a good chance some oil firms will face liquidity crunches and restructuring over the next year. In the longer term though, there is another specter that could be equally damaging to O&G firms – a shortage of skilled labor.