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Shale Boom Tested Sub-$90 Oil Threatens U.S. Drillers
2014-10-08 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The U.S. shale boom is producing record amounts of new oil as demand weakens, pushing prices down toward levels that threaten to reduce future drilling. Domestic fields will add an unprecedented 1.1 million barrels a day of output this year and another 963,000 in 2015, raising production to the most since 1970, according to the U.S. Energy Information Administration. The Energy Departments statistical arm forecasts consumption will shrink 0.2 percent to 18.9 million barrels a day this year, the...
Tags: oil
tested
boom
threatens
Colorado's biggest drillers try new techniques to cut oil, gas impact
2014-10-05 09:06:00| Oil & Gas - Topix.net
Crews work at Anadarko's centralized fracking facility and drill site near Fort Lupton last month. In reaction to homeowner protests, oil and gas operators are using new technology to reduce their footprint and keep operations away from homes.
Tags: impact
techniques
cut
gas
Texas gas drillers agree with NY to report risks
2014-10-04 00:24:40| Oil & Gas - Topix.net
Two Texas companies that drill for natural gas have signed agreements with New York's attorney general to release information about the financial risks to investors from hydraulic fracturing, a drilling method banned in the state while health officials study its effects. Agreements with EOG Resources Inc. and Anadarko Petroleum Corp. require they publicly disclose risks arising from chemical handling, wastewater disposal, effects on drinking water aquifers, regulation and litigation.
Texas gas drillers agree with NY to report risks
2014-10-03 23:46:02| Energy - Topix.net
Two Texas companies that drill for natural gas have signed agreements with New York's attorney general to release information about the financial risks to investors from hydraulic fracturing, a drilling method banned in the state while health officials study its effects. Agreements with EOG Resources Inc. and Anadarko Petroleum Corp. require they publicly disclose risks arising from chemical handling, wastewater disposal, effects on drinking water aquifers, regulation and litigation.
A Rig for Russian Drillers
2014-06-23 16:37:00| Offshore Technology
Volga-Dnepr Airlines has delivered a mobile 24m-high drilling rig on-board its AN-124-100 Ruslan freighter from Novy Urengoy to Mirny, Russia for Verkhnechonskoe oil-gas condensate field.
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