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$230 billion in energy projects delayed, report says

$230 billion in energy projects delayed, report says

Drillers delayed $230 billion in energy projects since the start of the oil downturn, according to a new report from Rystad Energy. A steep drop in oil prices led many energy companies to remain cautious on the exploration and production front. In July 2015, Rystad reported 40 shelved projects. An updated report Thursday showed a total of 63 projects have ...

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Drillers did not report half of spills that led to fines

spill

Sean D. Hamill | Pittsburgh Post-Gazette Half the spills at Marcellus Shale well sites that resulted in fines weren’t spotted by gas companies, which are required by state law to look for and report spills of drilling-related fluids. That is one of the main conclusions of a Pittsburgh Post-Gazette review of hundreds of thousands of state and company documents for ...

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Keystone XL pipeline vulnerable to attacks, NextGen study says

Timothy Gardner | Reuters Washington – The Keystone XL oil pipeline project would be vulnerable to attacks that could cause heavy crude to be spilled in farm regions dependent on fresh water, according to a report by NextGen Climate, a political group led by billionaire activist Tom Steyer. Attackers could damage remote pump stations along the pipeline’s route in the northern ...

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EIA releases Crude Oil Production Forecast Report

EIA

By Lydia Gilbertson | Google+ The Energy Information Administration (EIA) released a report on May 29, 2014 that presents an analysis of crude oil production focused around the types of crude oil produced, filtered by geographical area. Production growth during 2011-2013 has consisted of 96% sweet grade crude with an API gravity of 40 or above. The EIA forecasts that ...

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McCoy wants jail time for derailment-reporting delays

mccoy

By Brian Nearing | The Times Union (Albany, N.Y.) ALBANY — Albany County Executive Dan McCoy said Tuesday that he wants to make it a crime — punishable by jail time — for railroad operators that delay reporting spills of crude oil or other hazardous materials. McCoy said he will propose such legislation in reaction to Monday’s derailment of four ...

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New York DOT to fine CP for oil car derailment

canadian pacific

ALBANY, N.Y. (A.P)— The New York state Department of Transportation says it will fine Canadian Pacific for waiting five hours to report the derailment of four tank cars carrying crude oil. State transportation officials say that a train carrying crude oil from North Dakota derailed around 4:30 a.m. Monday at Canadian Pacific’s Kenwood Rail Yard in Albany. There were no ...

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Keystone XL foes undaunted by State Dept. report

XLprotest

LINCOLN, Neb. (AP) — With yet another obstacle removed for the Keystone XL pipeline, opponents were pressing forward with a lawsuit to challenge the project, public protests and an effort to inject the issue into the November elections. Supporters and opponents both were quick to claim victories with the U.S. State Department report released Friday, which raised no major objections ...

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