Methane emissions in a busy part of the nation’s largest oilfield were nearly three times higher than the national average in recent months, an environmental group said in an analysis released Tuesday.
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As some investors cut and run, others see opportunity in the havoc wrought daily on Wall Street by the unprecedented global response to the coronavirus pandemic.
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All eyes on Wall Street are looking Monday to a potential peace treaty between Russia and Saudi Arabia on oil prices, with markets opening with significant gains.
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In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state’s savings as oil revenue dries up.
Read moreGovernment agencies and other objectors on Friday blasted Pacific Gas and Electric’s request to estimate all uninsured wildfire claims at $13.5 billion as an underhanded attempt to force the settlement amount on fire victims even if its bankruptcy plan fails.
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Texas regulators will meet later this month to consider the possibility of forcing oil companies to cut production to help stabilize prices, a prospect of direct government intervention that was unimaginable in the oil-friendly state just weeks ago.
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A whopping 6.6 million new unemployment claims and news of a truce in the Russia-Saudi Arabia oil war sent markets on a rollercoaster ride Thursday.
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Flush with $1.5 billion from the Alberta government and despite plummeting oil prices and a global pandemic, Canadian energy giant TC Energy aims to build its long-delayed Keystone XL oil pipeline. But environmentalists say it faces an uphill climb in the United States.
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A coalition of Texas oil industry trade groups and companies on Tuesday announced a new voluntary effort to reduce climate change-causing methane emissions and oilfield flaring as the industry faces mounting pressure from critics and even some of its own biggest players to limit its environmental footprint.
Read morePoland’s state gas company says it will seek $1.5 billion from Russia’s Gazprom after an international arbitration court in Stockholm said Gazprom was overcharging Poland.
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U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge.
Read moreThe governors of New York and California are moving to rapidly expand the ranks of health care workers, as the death toll from Covid-19 in New York surged past 1,200 while hospitalizations in California doubled in the past four days.
Read morePresident Donald Trump has signaled that he plans to work in closer cooperation with Russia as Covid-19 sends oil prices plummeting.
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After buoying around lower courts for more than 13 years, an admiralty case over a 2004 oil spill in the Delaware River was settled Monday by the Supreme Court when the justices ruled Citgo must pay for most of the cleanup costs.
Read moreThe Environmental Protection Agency on Thursday abruptly waived enforcement on a range of legally mandated public health and environmental protections, saying industries could have trouble complying with them during the coronavirus pandemic.
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Venezuelan President Nicolás Maduro stood defiant in the face of a $15 million bounty by the United States to face drug trafficking charges, calling Donald Trump a “racist cowboy” and saying he is ready to fight by whatever means necessary should the U.S. and neighboring Colombia dare to invade.
Read moreCalling for a 25% reduction in greenhouse gas emissions by 2030, California regulators on Thursday approved rules meant to shutter gas-fired power plants and force electrical companies to further embrace climate-friendly sources like solar and wind.
Read moreYears after the Dakota Access Pipeline fueled outrage across the country, the government has been ordered to prepare a new report on environmental impacts — one opponents warn will be devastating.
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U.S. oil and gas executives painted a bleak picture of their industry’s prospects in a new survey from the Federal Reserve Bank of Dallas, describing a “bloodbath” from the recent plunge in oil prices and the ongoing coronavirus pandemic.
Read moreFederal regulators on Thursday approved a hotly contested natural gas pipeline, with one big catch: the Canadian company behind the project must first get approval from state regulators, who have already denied key permits. Even if the state permits never come, federal approval means the company can begin using eminent domain to seize land along the pipeline route.
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