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Tag Archives: oil and gas

UN Climate Chief Urges ‘Urgent Transformation’ Of Oil And Gas Industry

Tar Sands

* Figueres says three quarters of reserves may have to stay in ground * UN wants “urgent transformation” towards greener future By Alister Doyle, Environment Correspondent OSLO, April 3 (Reuters) – The U.N.’s climate chief called on the oil and gas industry on Thursday to make a drastic shift to a clean, low-carbon future or risk having to leave three-quarters ...

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Lario Oil & Gas gets $600 million credit

oil rig

DENVER (AP) — Lario Oil & Gas says a $600 million credit facility it has negotiated with Wells Fargo and others gives it flexibility as it expands in regions where hydraulic fracking has created an oil boom. In a statement released Monday by its Denver office, Lario said Wells Fargo and JP Morgan were the joint lead arrangers of the facility, ...

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Who’s in charge out there?


By The Forum of Fargo-Moorhead A verbal spanking administered to a Bismarck-based engineering firm provides a glimmer of hope that the North Dakota Legislature has not yet become a wholly owned subsidiary of the oil and gas industry. Sen. Connie Triplett, D-Grand Forks, let fly at KLJ because the company has not shared, and apparently would rather not share, information about ...

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New Mexico deal clears way for oil, gas drilling


ALBUQUERQUE, N.M. — New Mexico has brokered an agreement between the federal government and a state-run college that has the potential to open hundreds of thousands of acres in the San Juan Basin to oil and gas drilling and result in royalties for thousands of Navajo landowners. Gov. Susana Martinez announced the partnership between the state, San Juan College and the Bureau ...

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Proposed US energy rules would shield whales


RICHMOND, Va. (AP) — Federal officials are outlining proposed measures to shield endangered whales if seismic testing for oil and gas deposits is allowed along the Atlantic coast from Delaware to Florida. The measures are contained in the Bureau of Ocean Energy Management’s final environmental impact statement released Thursday. The so-called mitigation measures would include an exclusionary zone along the ...

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Bakken, Three Forks largest continuous US oil accumulation

Stephanie B. Gaswirth Kristen R. Marra The recent reversal of the declining trend of US oil production is largely due to production from unconventional or “continuous” low-permeability reservoirs by use of multistage hydraulic fracturing of horizontal legs of exploration wells. The US currently produces about 7.4 million bo/d, and the increasing trend in domestic production has led to speculation that ...

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Oil drilling opponents ask Collier lawmakers to pursue fracking ban, buffer

Golden Gate Estates

IMMOKALEE — Opponents to oil drilling in Golden Gate Estates implored Collier lawmakers Tuesday to back a resolution banning hydraulic fracturing and to create a one-mile buffer zone between any well and homes to protect residents in the Estates. Collier County’s five legislative delegation members, meeting Tuesday in Immokalee to hear what residents want them to focus on in Tallahassee ...

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