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Author Archives: Marissa Hall

After downward slide, Hercules to file for bankruptcy

Hercules Offshore has long been struggling to stay afloat, and now the company has announced that it will be filing for bankruptcy in the coming weeks. As the Houston-based company moves through the process of reorganization, it stressed that its operations will continue normally and maintained that there are no plans for layoffs at present. By filing for Chapter 11 ...

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Coal industry finds comfort in pope’s encyclical

4:04 p.m. (1404 GMT, 10:04 a.m. EDT) Not only environmental activists and renewable energy advocates are celebrating Pope Francis’ strong message on climate change. Even the coal industry found something they like. The World Coal Association highlighted the pope’s emphasis on helping the poor as a crucial part of the fight against climate change. WCA chief executive Benjamin Sporton told ...

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EPA defends controversial biofuels program at U.S. Senate hearing

WASHINGTON – The U.S. environmental regulator on Thursday defended its handling of the nation’s controversial renewable fuels program at a congressional hearing, the first since its new biofuels targets last month provoked a furor among corn farmers and oil refiners. At the hearing by the Senate subcommittee on regulatory affairs and federal management, U.S. lawmakers criticized the agency for years-long ...

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Vancouver “Toast the Coast” rally gets a star-powered boost

The activists rallying against Shell’s plans for drilling in the Arctic are getting a helping hand from some big name celebrities. Well-known actors Jane Fonda and Rachel McAdams took time to show up at a sizeable Greenpeace rally in Vancouver, Canada, last weekend, according to Huffington Post. Some 5,500 people were gathered at Jericho Beach Saturday to express their disapproval ...

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U.S. oil prices edge up as Texas braces for storm

LONDON – U.S. crude oil prices edged up on Tuesday as a tropical storm headed towards the oil-producing state of Texas, but oversupply kept Brent lower. U.S. crude was up 23 cents at $59.75 a barrel at 1354 GMT, staying within a range of $57-$62 per barrel that has been in place since the beginning of May. Brent was down ...

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India seeks to use its oil thirst to drive bargains

NEW DELHI – India is trying to use its position as one of the world’s biggest energy consumers to strike better bargains for its companies with oil exporting nations, in a marked change of approach under Prime Minister Narendra Modi. The oil ministry is moving beyond seeking additional barrels for import in talks with exporters. Now, the energy-deficient country wants ...

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Corroded pipeline, insufficient repairs to blame for California oil spill

It is a truth universally acknowledged that pipelines will inevitably leak. However, it is something quite different when a pipeline is left to corrode and an oil spill is the result. Investigators have discovered that the oil pipeline which spilled roughly 2,409 barrels of oil into the Pacific Ocean off the coast of Santa Barbara was heavily deteriorated, The Guardian ...

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