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BP Oil Spill Cost Fishing Industry At Least $94.7 Million in 2010
2016-06-28 13:33:00| Climate Ark Climate Change & Global Warming Newsfeed
Times-Picayune: The BP oil disaster cost the Gulf of Mexico's commercial fishing industry $94.7 million to $1.6 billion and anywhere from 740 to 9,315 jobs in the first eight months, according to a new study by the U.S. Bureau of Ocean Energy Management. The $355,888 study measured the effect of the Macondo well blowout from May through December 2010, the same period of time that is being used to calculate claims being paid to fishers under a 2012 court-approved settlement agreement between private parties and BP....
Tags: in
cost
industry
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Oil Is Still Heading to $10 a Barrel
2016-06-28 11:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Back in February 2015, the price of West Texas Intermediate stood at about $52 per barrel, half of its 2014 peak. I argued then that a renewed decline was coming that could drive it below $20, a scenario regarded by oil bulls as unthinkable. But prices did fall further, dropping all the way to a low of $26 in February. Since then, crude rallied to spend several weeks flirting with $50 per barrel, a level not seen since last year. But it won't last; I'm sticking to my call for prices to decline anew...
Europa Oil & Gas gets two-year extension for PEDL 143 licence in UKs Weald basin
2016-06-28 01:00:00| Hydrocarbons Technology
The Oil & Gas Authority has granted a two-year extension to Europa Oil & Gas for the PEDL 143 licence in the UKs onshore Weald basin, Surrey.
Tags: gas
oil
europa
extension
Oil prices rise above $48 a barrel due to Britain's EU vote
2016-06-28 01:00:00| Offshore Technology
Oil prices have increased above $48 a barrel after investors took advantage of a fall in crude for two days following Britain's vote to exit the European Union (EU).
State agency calls for Vancouver oil terminal denial
2016-06-27 21:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Columbian: The state Department of Natural Resources says the nation's largest oil-by-rail terminal, proposed at the Port of Vancouver, should be denied state approval - and Clark County has raised its own issues with the proposal. In filings made with the Energy Facility Site Evaluation Council that The Columbian obtained Wednesday, DNR managers said the terminal and its daily oil train traffic would increase the risk of wildfire along hundreds of miles of track, something state firefighters "are not prepared...
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