Members of family-owned Tracey Energy Services show how oil dealerships once expanded with a growing suburban population, but now the industry faces a boom in cheaper natural gas, on top of a more than 50 percent drop in the number of homes heated by oil.
Crest Industries, along with Gov. Bobby Jindal and LED Secretary Stephen Moret, announced Tuesday it will build a $15 million galvanizing plant in the southern part of the parish to serve customers in the electric utility and petrochemical industries. The company will furnish galvanized protective coatings for utility poles and equipment.
South Portland voters are deciding today whether to adopt an ordinance aimed at preventing the flow of tar sands oil to the city. Supporters said the proposal would protect the community of 25,000 residents from exposure to harmful toxins, while critics argued it would destroy existing businesses along the city's working waterfront.
The U.S. Coast Guard is seeking public comments on a proposal that would allow barges to transport shale gas wastewater. The wastewater is a byproduct of the drilling process, and it can include both man-made chemicals and naturally occurring heavy metals and radiation.
The Ukrainian government on Tuesday signed a shale gas production-sharing agreement with the Chevron, as the country strives for energy independence from neighboring Russia. Chevron will initially invest $350 million into exploratory and drilling work in the Oleska field in western Ukraine.
The nation's largest retail propane gas dealer is going to pay $545,000 in fees, donations and penalties to settle a case that alleged the company violated Vermont consumer protection laws by not promptly removing propane storage tanks or issuing refund checks after consumers terminated propane service, the Vermont Attorney General's office said Monday.
Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production.
The price of oil slipped closer to $94 a barrel today after falling more than 7 percent in the past month on ample supplies and muted demand. By early afternoon in Europe, benchmark U.S. crude for December delivery was down 31 cents to $94.30 in electronic trading on the New York Mercantile Exchange.
A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico. A year ago, BP PLC urged U.S. District Judge Carl Barbier to approve its agreement with a team of lawyers for Gulf Coast businesses and residents who claim the spill cost them money.
Chevron said that net income fell six percent in the third quarter as weak refining results and higher operating costs offset higher oil and gas production and prices. Chevron Corporation posted net income of $4.95 billion for the quarter on revenues of $56.6 billion. The nation's second-biggest oil company earned $2.57 per share.
After officials took nearly two weeks to tell the public about a Tesoro Corporation pipeline rupture that sent more than 20,000 barrels of crude spewing across a wheat field, the North Dakota Health Department told lawmakers that the agency would soon unveil a website where the public can see data on all oil spills and other hazardous leaks.
A coalition dedicated to continuing New York's five-year-old ban on hydraulic fracturing demanded that the state withdraw its proposed regulations for new liquefied natural gas facilities, saying they fail to consider all the risks. The new regulations would end a 40-year moratorium that was enacted after an explosion killed 40 workers at a Staten Island storage plant.
A judge is proposing that Pacific Gas and Electric Company pay $6.7 million in fines for improperly declaring two natural-gas pipelines safe and using misleading records in an attempt to minimize the lapse. Both pipelines are in the same system as one that exploded in 2010, killing eight people and destroying dozens of homes in San Bruno.
The grant will focus on the chemical and isotopic biomarkers that micro-organisms leave behind during their growth. Researchers say their work is the first of its kind and that it's important to understand the micro-organisms living in the shale because it has implications for current and past life on our planet.
A spokesman for Shell Alaska says the company will submit an Arctic offshore exploration plan sometime over the next few weeks, but hasn't decided whether it will move forward with drilling next year. Shell drilled in both the Chukchi and the Beaufort Seas in 2012, but suffered serious setbacks.
Recent safety and environmental problems at the Sinclair refinery have been numerous. Last year, three fires injured seven workers in racking up more than $200,000 in fines. In 2011, the state reached a $5.4 million settlement with Sinclair for spills into a pond on the refinery site. In 2009 the refinery was the scene of one of the biggest spills in Wyoming history.
VMonitor provides digital oilfield implementation and remote operations equipment. It has the world’s largest installed base of wireless wellhead monitoring systems for natural and artificially lifted wells, with more than 6,000 sites around the world.
The facility will be able to process 120 million cubic feet of gas a day from local oil wells. Many of those wells were just recently drilled into the Niobrara Shale underlying eastern Wyoming. The plant would remove natural gas liquids from the gas byproduct of local oil production.
Governor Andrew Cuomo says New York is creating the nation's first state gasoline reserve to prevent shortages during emergencies. A pilot program on Long Island will hold three million gallons of fuel for motorists and first responders. The project is a response to the gas shortages that created hours-long lines in the days after Superstorm Sandy.
Hundreds of trains carrying crude oil could soon be chugging across the Northwest, bringing potential jobs and revenues but raising concerns about oil spills, increased train and vessel traffic. With five refineries, Washington has long received crude oil from Alaska and elsewhere by ship, barges or pipelines, but ports and refiners are increasingly turning to trains to take advantage of a boom in oil from North Dakota's Bakken region.
The price of oil hovered above $97 a barrel Friday, consolidating mild gains after two weeks of losses sparked by high supplies and patchy global economic growth.
Some of the largest pension funds in the U.S. and the world are worried that major fossil fuel companies may not be as profitable in the future because of efforts to limit climate change, and they want details on how the firms will manage a long-term shift to cleaner energy sources.
EQT Corp. will soon ask a judge to order six West Virginia property owners to plug and abandon a water well they dug to subvert the company's plans for five natural gas wells. Under state law, gas companies can't drill within 250 feet of an existing water well or spring used for human consumption.
If the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. It now produces more natural gas than Saudi Arabia, which has led to wholesale prices in the U.S. that are about one-quarter of those in Japan.
Oil is trading at its lowest since late June as ample supplies and a slowdown in U.S. hiring suggest subdued demand. Iran's pursuit of international dialogue to resolve the impasse over its nuclear ambitions has also reduced the political risk premium that is factored into the price of crude.