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Chevron sets 2014 budget at $39.8 bln


Dec 11 – Chevron Corp, the second-largest U.S. oil company, said it plans to spend $39.8 billion on projects and exploration in 2014, about 5 percent below the expected 2013 spending. Investors are putting increased pressure on the world’s biggest oil companies to rein in spending and return more money to shareholders – a trend Royal Dutch Shell Plc recently ...

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Natural gas report indicated hidden environmental risks

Natural gas pipeline

Posted at Marcellus.com  by: Rachel Morgan, Beaver County Times, Pa. WASHINGTON, D.C. — There could be hidden environmental impacts of replacing coal with natural gas, a new report says. While burning shale gas instead of coal in power plants releases less than half the greenhouse gas emissions than coal, the shale boom also has set into motion additional sources of ...

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New Obama adviser will not work on Keystone XL

WASHINGTON (AP) — The White House says a new senior adviser to President Barack Obama will recuse himself from deliberations on the Keystone XL oil pipeline. John Podesta, a former chief of staff under President Bill Clinton, has spoken out against the pipeline. Podesta founded the Center for American Progress, a liberal think tank, and has spoken out against the ...

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Oil spill reaches Little Missouri River tributary

little missouri trail

By: JAMES MacPHERSON BISMARCK, N.D. — More than 28,000 gallons of an oily brine that’s a byproduct of oil production leaked from a tank in western North Dakota’s Billings County and reached a tributary of the Little Missouri River before freezing, the North Dakota Health Department said. Kris Roberts, an environmental geologist with the North Dakota Health Department, said Midland, ...

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How oil fracking will benefit you

By Sam Kennedy First fracking gave us more and cheaper natural gas. Now it promises to do the same for oil. TransCanada Corp. announced last week it would begin operations along the southern stretch of its Keystone XL pipeline on Jan. 3. This will allow a glut of crude oil extracted through fracking to be moved from stockpiles in Oklahoma ...

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Phillips 66 gets partner for algae-to-fuel effort


By: Rod Walton Autotrophic, if not automatic, for the people. Phillips 66 hopes it can usher in a new generation of fuels by working with Sapphire Energy Inc. to convert algae into “green” crude oil, the Houston-based refining and research giant announced Tuesday. The work may take several years to complete. The agreement between Phillips 66 and Sapphire is designed ...

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An explosive situation?


WILL BUNCH, Daily News Staff Writer Posted: Tuesday, December 10, 2013, 3:01 AM AT 1:14 A.M. JULY 6, a warm Saturday morning, a runaway train carrying 35,000 barrels of crude oil from North Dakota careened into the small Quebec town of Lac-Megantic. The wreck sent what one witness called “a tsunami of fire” into a packed nightclub, killing 47 people, ...

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