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Keyword: petroleum

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  • Energy Industry Looks To The Future At 2019 San Juan Basin Energy Conference

    04/23/2019 8:15:53 PM PDT · by brownwill6767 · 12 replies
    LOGOS RESOURCES LLC ^ | 3/15/2019 | LOGOS RESOURCES LLC
    A recent influx of dynamic, new oil and gas operators are bringing innovative applications of modern technology to restore the San Juan Basin to its place as a leading basin in the United States
  • Will Newsom end oil drilling in California? Many environmentalists are betting YES

    04/24/2019 8:24:04 AM PDT · by Red Badger · 42 replies
    www.sanluisobispo.com ^ | April 23, 2019 01:00 AM, Updated April 23, 2019 09:11 AM | By PHIL WILLON
    SACRAMENTO, Calif. California’s legacy of oil drilling should be just that, many environmentalists argue – relegated to the history books. They are urging Gov. Gavin Newsom to ban new oil and gas drilling in California and completely phase out fossil fuel extraction in one of the nation’s top petroleum-producing – and gasoline-consuming – states. At the least, they want the state to impose buffer zones prohibiting new oil and gas wells near schools, hospitals and residential neighborhoods and also require monitoring for potentially hazardous emissions from abandoned or plugged wells, proposals already being considered by state lawmakers. “It sure would...
  • U.S. Shale Oil Output to Hit Record 8.4 Million Bpd in March: EIA

    02/19/2019 1:43:23 PM PST · by Red Badger · 31 replies
    money.usnews.com ^ | Feb. 19, 2019, at 3:15 p.m. | by Devika Krishna Kumar, Jonathan Oatis, Marguerita Choy)
    NEW YORK - U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 43,000 bpd to a record 4.024 million bpd in March. A shale revolution has helped boost the United States to the position of world's biggest crude oil producer, ahead of Saudi Arabia and Russia. Overall crude production...
  • Venezuela Invades Guyana to Block Exxon Mobil Oil Exploration

    12/25/2018 5:33:00 PM PST · by Rusty0604 · 82 replies
    Breitbart ^ | 12/24/2018 | Frances Martel
    The Venezuelan Navy illegally entered the waters of Guyana this weekend and forced a ship contracted by Exxon Mobil to conduct oil research in the area to vacate, The incident, which Guyanese authorities angrily denounced and vowed to bring to the attention of the United Nations, reignites a feud Venezuelan socialist dictator Nicolás Maduro began with the neighboring country in 2015, claiming as much as two-thirds of Guyana itself belonged to Venezuela. Guyana has repeatedly noted that Venezuela signed an agreement in 1899 on the territory in question and no disputes remain as to who owns that land. Exxon Mobil...
  • Qatar to withdraw from OPEC in January 2019

    12/02/2018 11:12:39 PM PST · by tcrlaf · 26 replies
    AlJazeera ^ | 12-3-2018 | AlJazeera
    Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC), Qatar's Energy Minister Saad Sherida al-Kaabi announced on Monday. The decision to quit the bloc of 15 oil-producing countries that account for almost half of the world's oil production was confirmed by Qatar Petroleum, the country's state oil company.
  • Irony alert: EPA finds ethanol is environmentally damaging

    08/04/2018 5:32:26 PM PDT · by rktman · 70 replies
    hotair.com ^ | 8/4/2018 | Jazz Shaw
    Amid growing demands from the corn lobby that the government mandate even more ethanol be blended into the nation’s gasoline supplies, new finding call such proposals into question. One of the chief claims of the corn lobby is that ethanol is a more “green” type of energy because it’s renewable. From there, the argument is extended to claim that it’s better for the environment all the way around. But the conclusions of a study underlying the latest EPA report on the environmental impact of ethanol (seven years in the making, dating back well into the Obama administration) concludes that the...
  • Almost All European Diesel Cars Are Dirty, New Study Finds [Of Course].....

    06/07/2018 7:20:13 AM PDT · by Red Badger · 21 replies
    www.popularmechanics.com ^ | Jun 7, 2018 | By David Grossman
    A new emissions study based on testing methods that are supposedly "difficult-to-impossible to cheat" has revealed that even the latest models of European diesel cars are bad polluters. The first such analysis since the 2015 Volkswagen diesel emissions scandal, the results show more than 4,000 vehicle models exceeding nitrogen oxides (NOx) levels set by the European Union. The new rating system is known as The Real Urban Emissions Initiative (TRUE). With a data set of 375,000 individual cars from across Europe, TRUE uses a beam of light to study a car's exhaust plume. European cars are broken into numbered groups...
  • REPORT: US Could Produce 12 MILLION Barrels Of Oil A Day By 2019

    05/09/2018 9:21:24 AM PDT · by rktman · 30 replies
    dailycaller.com ^ | 5/9/2018 | Michael Bastasch
    U.S. crude oil production could top 12 million barrels per day by the end of 2019, according to the latest Energy Department (DOE) forecast released on Tuesday. The U.S. Energy Information Administration, the DOE’s statistics arm, (EIA) projects U.S. crude output would grow by more than 1.5 million barrels per day over the next two years, primarily as the result of abundant shale oil and gas reserves. EIA projects the U.S. will “average 11.9 million [barrels per day (b/d)] in 2019, 0.4 million b/d higher than forecast” the agency released in April. Now, EIA “forecasts U.S. crude oil production will...
  • Pain In The Pump: Gas Prices On The Rise

    04/03/2018 1:05:55 PM PDT · by Red Badger · 38 replies
    baltimore.cbslocal.com ^ | 04-03-2018 | Staff
    BALTIMORE (WJZ) — The cost of gas is up across the country, including in Maryland, and is inching toward the highest price in three years. Gas is going up about a penny every other day — 15 cents in the past month. “We’ll be paying the highest prices for this time of year since 2014,” said Christine Delise with AAA. Gas companies are changing over to a different summer blend. To do so, some refineries shut down, leading to the classic market principal of supply and demand. A tighter supply means they can demand more for your fuel. Demand is...
  • Fleet of robotic ships, subs, and satellites is the future of offshore drilling: Study

    01/03/2018 8:31:08 AM PST · by Oshkalaboomboom · 1 replies
    Washington Examiner ^ | Jan 03, 2018 | John Siciliano
    A fleet of drone ships would be a key part in staving off another major offshore oil disaster in the Gulf of Mexico, according to a new report issued by a task force created after the worst oil spill in the energy industry's history. The National Academies of Sciences' Gulf program issued a report Wednesday that calls for the creation of a fleet of robotic ships, miniature drone-like submarines and underwater gliders to track oil flows along the Gulf's sometimes unpredictable underwater currents. Tracking oil's movements under the water, not just at the surface, became a key problem after the...
  • UPDATE: New ANWR legislation passes by vote of 13-10

    11/16/2017 8:02:32 AM PST · by SpeedyInTexas · 24 replies
    KTUU ^ | 11/15/2017 | Leroy Polk
    Following spirited discussion on both sides of the issue, a vote was called at the Energy and Natural Resources committee hearing, regarding new legislation proposed by Sen. Murkowski. By a vote of 13 in favor and 10 opposed, the legislation passed out of the committee just after 8 a.m.
  • The New Age of Trump Oil

    11/10/2017 10:36:22 AM PST · by brownwill6767 · 12 replies
    Recently, President Donald J. Trump joined Energy Industry Executives, members of Congress, and Cabinet Officials at the Department of Energy to deliver remarks on unleashing America’s boundless capacity for energy production. “We’re here today to usher in a new American energy policy,” he declared. The President explained that his focus isn’t so much on “energy independence,” but rather dominance. In fact, the program is being called “American Energy Domination.”
  • Trump administration to offer 76M acres for offshore drilling, largest lease sale in U.S. history

    10/24/2017 8:28:23 AM PDT · by jazusamo · 19 replies
    The Washington Times ^ | October 24, 2017 | Ben Wolfgang
    The Trump administration is putting more than 76 million acres of federal water up for lease in the largest offshore drilling initiative in American history. Interior Secretary Ryan Zinke announced the massive lease sale, slated for March 2018, on Tuesday morning, and said the move is a key component of the administration’s effort to tap U.S. energy reserves and reap the economic benefits that come along with them.
  • Senate Votes to Raise Revenue by Drilling In Arctic National Wildlife Refuge (drill, baby drill!)

    10/20/2017 10:33:29 AM PDT · by drewh · 34 replies
    Spokesman Review ^ | Fri., Oct. 20, 2017, 10:04 a.m. | By Juliet Eilperin
    WASHINGTON – The Senate rejected an amendment Thursday that sought to block a key panel from raising revenue through drilling in Alaska’s Arctic National Wildlife Refuge, a move that could make it easier for future oil and gas drilling to take place there. Sen. Maria Cantwell, Wash., the top Democrat on the Energy and Natural Resources Committee, offered an budget amendment that would have removed instructions to the panel to raise an additional $1 billion through federal leasing. It failed 48 to 52 on a largely party-line vote, with only Sen. Susan Collins, R-Maine, and Joe Manchin, W.Va., breaking ranks....
  • Trump inches toward drilling in Arctic Wildlife Refuge for first time in 30 years(OH NOES!)

    09/18/2017 10:04:44 AM PDT · by rktman · 36 replies
    libertyunyielding.com ^ | 9/17/2017 | staff
    President Donald Trump is moving toward allowing energy exploration in the Arctic National Wildlife Refuge (ANWR) for the first time in several decades, according to a report Friday from The Washington Post. Interior Department officials are modifying decades-old regulations that have traditionally prevented the agency from conducting seismic studies seen as the first step towards drilling, the report notes. U.S. Fish and Wildlife Service director James W. Kurth told the agency’s Alaska regional director to strike constraints on a rule that allowed exploratory drilling between 1984 and 1986, the last time drilling was allowed in the ANWR, according to a...
  • PetroChina unloading first Chinese purchase of oil from US strategic reserves

    07/20/2017 8:14:37 PM PDT · by Rabin · 8 replies
    hydrocarbon processing ^ | 7/20/2017 | SINGAPORE (Reuters)
    PetroChina is unloading the first Chinese purchase of crude oil from US strategic petroleum reserves at a port in eastern China. Supertanker Cosrising Lake, is unloading the US oil at Qingdao port in Shandong province this week, The crude according to the US Department of Energy, is similar in quality to Middle East Oman crude. More Asian refiners are turning to the Americas for oil after OPEC cuts tightened heavy crude supplies and as governments respond to a call from United States President Donald Trump to buy US oil and gas. State-owned PetroChina is one of the key players moving...
  • Death toll from oil tanker blaze rises to 153

    06/25/2017 4:31:27 PM PDT · by 2ndDivisionVet · 23 replies
    The Belfast Telegraph ^ | June 25, 2017 | The Associated Press
    The death toll from an oil tanker fire in Pakistan has risen to 153, with dozens more in a critical condition, and the fatalities are expected to increase. The disaster happened when scores of people from a village raced with jerry cans to the spot nearby where the vehicle had overturned to collect the leaking fuel. The crowd screamed as the flames engulfed them, said Saznoor Ahmad, 30, whose two cousins were killed in the fire....
  • Discovery from IBM could enable more efficient oil extraction from existing wells

    05/04/2017 2:16:57 PM PDT · by Red Badger · 11 replies
    phys.org ^ | May 4, 2017 | by Chris Nay
    IBM scientists recently discovered that a drop of oil doesn't look like a drop at all if it is small, to the scale of one billionth of a billionth of a liter, or attoliter. Rather, a nanoscale oil droplet looks more like a flat film against a solid surface. This discovery reveals that the simulation tools and techniques commonly employed by the oil industry do not take into account the increased energy required to extract these oil molecules. And it results in 60 percent or more of a well's oil being left behind, for example, in the nanoscale capillaries of...
  • Total announces expansion to include new steam cracker, 1,500 jobs in Port Arthur (Texas)

    03/27/2017 10:05:33 PM PDT · by 2ndDivisionVet · 4 replies
    KBMT-TV ^ | March 27, 2017
    PARIS - Total announced Monday that it is entering into a joint venture to expand their plants in Port Arthur and Bayport. The company, headquartered in Paris, will hold a 50% interest in a new joint venture with Borealis and Nova1 to build an ethane steam cracker in Port Arthur and a new Borstar polyethylene unit in Bayport according to a release from the company. The new $1.7 billion cracker in Port Arthur is scheduled for a 2020 startup and is expected to create about 1,500 jobs according to the release. CB&I has been awarded the engineering, procurement and construction...
  • Trump Opens ‘All Available’ Gulf Of Mexico Waters To Oil Drilling

    03/07/2017 12:32:55 PM PST · by 2ndDivisionVet · 124 replies
    The Daily Caller ^ | March 7, 2017 | Michael Bastasch
    The Department of the Interior will include “all available” federal waters in the Gulf of Mexico that have not already been leased out for offshore oil drilling. Interior Secretary Ryan Zinke announced Monday 73 million acres off the coast of Texas, Louisiana, Mississippi, Alabama, and Florida would be offered at a lease sale in August as part of the Interior Department’s five-year leasing plan. “Opening more federal lands and waters to oil and gas drilling is a pillar of President Trump’s plan to make the United States energy independent,” Zinke said in a statement. Interior finalized its current five-year offshore...