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Author Archives: Ross Torgerson

Texas House OKs rules to prohibit city fracking bans

Texas House

AUSTIN, Texas — Cities and counties in Texas could no longer prohibit hydraulic fracturing under an oil and gas industry-backed measure overwhelmingly approved by the House. The bill passed Friday comes months after the city of Denton banned local fracking over environmental and safety concerns. That ordinance is now being challenged by lawsuits brought by the state and industry groups. ...

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Transportation officials issue oil train safety measures

WASHINGTON — An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation. The Obama administration has been under intense pressure from members of Congress as well as state and local officials ...

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Schlumberger impresses with cost cuts, resilient margins

Schlumberger Ltd, the world’s No.1 oilfield services provider, reported a smaller-than-expected fall in first-quarter margins as it continued to execute tight cost controls to combat a decline in drilling activity. Schlumberger shares rose as much as 3.3 percent to a near-five-month high of $94.89 on Friday, a day after the company reported a profit well ahead of analysts’ expectations despite ...

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OPEC should consider return to oil quotas: Delegate

LONDON – OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC delegate said. A proposal to reintroduce quotas would spark a fierce debate in the Organization of the Petroleum Exporting Countries as national prestige and ...

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Prospect of nuclear deal is already weighing on oil prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Lifting sanctions on Iran’s oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.S. legislators. “If and when sanctions are lifted, EIA’s baseline forecast for world crude oil prices in 2016 could be ...

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‘Open carry,’ fracking bills return after technical delay

Texas House

AUSTIN, Texas — Two of the Texas legislative session’s most-watched bills are again scheduled for debate and likely passage — three days after a technicality raised by Democrats temporarily derailed them. The Texas House had been poised to vote Tuesday on allowing licensed Texans to wear handguns in plain sight, overturning a Civil War-era ban on “open carry.” Also up ...

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New manager appointed to lead troubled nuke waste dump

waste

CARLSBAD, N.M. — A nuclear expert from Idaho has been named the new president and project manager of the company that oversees the federal government’s troubled nuclear waste repository in southern New Mexico. Nuclear Waste Partnership announced the change Thursday, saying Philip Breidenbach will replace Bob McQuinn next week. McQuinn came on board in 2014 shortly after a radiation release ...

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Report: Nuke dump radiation leak could have been prevented

ALBUQUERQUE, N.M. — A radiation leak that forced the indefinite closure of the federal government’s only underground nuclear waste repository could have been prevented, a team of investigators said Thursday. A combination of poor management, lapses in safety and a lack of proper procedures were outlined in a final report released by the U.S. Department of Energy’s Accident Investigation Board. ...

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