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Oil, gas not responsible for methane emission spike

Oil, gas not responsible for methane emission spike

A new study finds that oil and natural gas producers are not responsible for a global increase in methane emissions. According to the report by the National Oceanic and Atmospheric Administration, increased emissions come primarily from wetlands and agriculture, not oil and natural gas producers. The NOAA report comes after the U.S. Environmental Protection Agency announced it will regulate methane ...

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Offshore plan closes door to new American energy opportunities

Offshore plan closes door to new American energy opportunities

WASHINGTON, D.C. – Independent Petroleum Association of America (IPAA) President Barry Russell released the following statement on the next stage of the Obama Administration’s proposed five-year offshore oil and gas leasing program for 2017-2022: “Offshore energy production has and will continue to be integral to America’s energy future – for good-paying jobs, national energy security, and billions of dollars in ...

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US stocks fall early as energy, materials companies slide

US stocks fall early as energy, materials companies slide

NEW YORK (AP) — U.S. stocks skidded Tuesday morning as beleaguered energy and materials companies fell along with the price of oil and precious metals. The Bank of Japan cut its economic forecasts, which hurt stocks overseas, and the U.S. Commerce Department reported surprisingly weak retail sales. KEEPING SCORE: The Dow Jones industrial average declined 80 points, or 0.5 percent, ...

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Eagle Ford, Bakken production continues to drop

Eagle Ford, Bakken production continues to drop

Two of the nation’s most-prolific shale plays continue to see production numbers drop slightly. The Eagle Ford Shale and Bakken formation produced less oil in January than in December, according to analytics and consulting group Platts Bentek. In fact, oil production from both Eagle Ford and Bakken formations reached their lowest levels since Platts Bentek started tracking them in October ...

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Cargo ship leaks unknown amount of oil in LA Harbor

Cargo ship leaks unknown amount of oil in LA Harbor

LOS ANGELES (AP) — Cleanup efforts are under way after a large cargo ship leaked an unknown amount of oil in Los Angeles Harbor. The Coast Guard says the leak was reported Sunday evening, where an oily sheen was visible near the vessel Istra Ace. Officials didn’t immediately know Monday how much fuel entered the water. Los Angeles Fire Department ...

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EIA forecasts short-term energy output

EIA forecasts short-term energy output

The U.S. Energy Information Administration released its short-term energy outlook Tuesday. The report forecasts oil and natural gas production for the next two years. North Sea Brent crude oil prices averaged $32 per barrel, a $1 increase from January prices. Brent crude prices are predicted to average $34 in 2016 and $40 in 2017. The forecast reflects higher –than-expected oil ...

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Testing to determine if spill tainted ND drinking water

Testing to determine if spill tainted ND drinking water

BISMARCK, N.D. (AP) — Regulators are monitoring tests to determine if an oil field spill near Williston has tainted drinking water sources in the area, the North Dakota Department of Health said Tuesday. Denver-based Zavanna LLC told regulators a faulty valve caused a spill of more than 114,000 gallons of oily saltwater at a well site about 4 miles northeast ...

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Oklahoma regulators release plan to reduce temblors

Oklahoma regulators release plan to reduce temblors

TULSA, Okla. (AP) — State regulators are asking oil and gas producers in central Oklahoma to restrict wastewater disposal operations to help temper a sharp increase in the number and severity of earthquakes. Monday’s request covers more than 400 wells across 5,200 square miles. It comes after a similar directive in February covering nearly 250 wells in northwestern Oklahoma. Scientists ...

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