nav-left cat-right
cat-right

General Electric to cut 12,000 jobs in power busin...

ZURICH/LAS VEGAS (Reuters) – General Electric Co (GE.N) said Thursday it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. The U.S. company launched the cuts to save $1 billion in 2018 at its Power business, saying it expects dwindling demand for fossil fuel power plants to continue. GE’s cuts follow a decision by...

Rally to Protect the Wayne National Forest on Dece...

Wayne National Forest up for sale! from Teresa Mills,  On December 14th the fourth auction of Wayne National Forest to gas and oil will be held, despite continued public outcry. The fracked gas from these wells will feed into Energy Transfer Partners’ Rover Pipeline, which is currently under construction, and will go under the Ohio River and through Wayne National Forest’s Proclamation Boundary. The US Forest...

New Ohio law would allow the sale of drilling brin...

A new Ohio House bill would allow the sale of commercialized brine produced during fracking and oil drilling for use on roadways — something Athens’ city officials plan to oppose. Ohio House Bill 393, introduced by Ohio State Representatives Anthony Devitis, R, and Michael J. O’Brien, D, would allow the “sale of brine as a commodity for surface applications.” That would mean that brine, a byproduct of oil and gas drilling,...

A tale of two parks: How the Bakken boom transform...

  A tale of two parks: How the Bakken boom transformed a landscape www.hcn.org | 13 mins read While a North Dakota national park is an oasis from drilling, a nearby state park is thrown open. I moved to North Dakota for the same reason everyone else did: because oil was selling for over $100 a barrel, and there was work to do. I drove in from the south on June 8, 2014, on highways crowded with semis hauling oil,...

$1 Trillion Norwegian Fund Weighs Dropping Oil and...

Norway’s sovereign-wealth fund said on Thursday it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager. The Norwegian central bank, which uses the fund to invest the proceeds of the country’s oil industry, said that investing money back into the energy sector amplifies the government’s exposure to the price of crude, particularly given the country’s...

As CO2 Emissions Flatten, More Powerful Greenhouse...

Recent studies paint a grim picture. Global carbon dioxide emissions remained flat for a third year in a row, yet far more powerful greenhouse gases “keep creeping up,” according to the annual report from the European Union and the Netherlands Environmental Assessment Agency. The U.S., Russia, China and Japan decreased their CO2 output from 2015 to 2016, while the EU stayed flat and India’s emissions continued to increase....

Keystone pipeline leak won’t affect last regulator...

LINCOLN, Neb. (AP) — Discovery of a 210,000-gallon oil leak from the Keystone pipeline would seem to be poor timing four days before regulators in Nebraska decide whether to allow a major expansion of the system, but officials say state law does not allow pipeline safety to be a factor in their decision. The Nebraska Public Service Commission was scheduled to rule Monday if a Keystone XL expansion pipeline proposed by...

Massive Pipeline Leak Shows Why Nebraska Should Re...

About 210,000 gallons (5,000 barrels) of oil leaked Thursday from TransCanada’s Keystone oil pipeline near Amherst, South Dakota, drawing fierce outcry from pipeline opponents. The leak, the largest spill to date in South Dakota, comes just days before Nebraska regulators decide on whether its controversial sister project—the Keystone XL (KXL) Pipeline—will go forward. “Enough is enough. Pipelines leak—it’s...

Shell Buys Slice of the Electric Vehicle Market Wi...

As the uptake of electric vehicles accelerates, oil and gas majors have continued to grapple with how much to invest in a technology that could put them out of business. On Friday, Royal Dutch Shell made arguably the most striking vote of confidence in electric cars from a major yet: buying electric charging company NewMotion. Gaining ownership of a company that manages 30,000 residential and business charging stations, and...

WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Pro...

The world’s largest oil companies are in serious trouble as their balance sheets deteriorate from higher costs, falling profits and skyrocketing debt.  The glory days of the highly profitable global oil companies have come to an end.  All that remains now is a mere shadow of the once mighty oil industry that will be forced to continue cannibalizing itself to produce the last bit of valuable oil. I realize my extremely...

‘This is a really big deal’: Canada na...

Pioneering peer reviewed study measured methane emissions from oil and gas infrastructure in two regions in Alberta: ‘If we thought it was bad, it’s worse’ Alberta’s oil and gas industry – Canada’s largest producer of fossil fuel resources – could be emitting 25 to 50% more methane than previously believed, new research has suggested. The pioneering peer reviewed study, published in Environmental Science & Technology on...

Court nixes Trump admin’s ‘unlawful...

The Trump administration acted unlawfully when it froze Obama-era restrictions on greenhouse gas emissions from the oil and gas industry, a federal court ruled today. According to the U.S. District Court for the Northern District of California, the Interior Department misused a provision of the Administrative Procedure Act when it stalled key provisions of a rule aimed at reducing methane venting and flaring on public and...

Ohio agency wants troubled Rover Pipeline to pay $...

The Ohio Environmental Protection Agency is once again squaring off with Rover Pipeline LLC officials. On Wednesday, the state agency asked the Ohio attorney general’s office to hold pipeline officials financially responsible for $2.3 million in fines related to numerous environmental violations which have occurred during the $4.2 billion underground natural gas pipeline’s construction. Rover’s parent company is Dallas-based...

Trump Administration May Soon Ax Obama’s Big...

Many expect EPA will reassess the Clean Power Plan to show a higher price tag and smaller benefits U.S. EPA staff under Administrator Scott Pruitt might refute Obama-era findings that reducing carbon dioxide emissions has large health benefits. Credit: Riccardo Savi Getty Images When the Obama administration issued its landmark climate rule in 2015, officials declared that benefits to public health and the climate would be...

Oil and gas allies to Trump: Slow down

While the industry has generally cheered the administration’s approach, there are growing worries that its efforts could backfire. President Donald Trump’s aggressive drive to roll back environmental regulations is moving too fast even for some in the oil and gas industry. Publicly, petroleum companies and their trade groups are cheering Trump’s efforts to undo former President Barack Obama’s environmental...