User: irge304 Topic: Energy Extraction
Category: Oil Exploration
Last updated: Dec 21 2014 23:52 IST RSS 2.0
 
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Farmers in southern New York lament lost opportunity for gas riches after fracking ban 21.12.2014 Star Tribune: Politics
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How oil price fall will affect crude exporters – and the rest of us 21.12.2014 The Guardian -- Front Page
Lower oil prices will hit the Russian economy, the US fracking industry and Iran, but could be good for shoppers and firms in the UK, and delay the long-expected interest rate rise

John Paul Getty’s formula for success was to rise early, work hard and strike oil. But a dependence on the black stuff can create its own problems, especially when the price tumbles as it has over the last few months.

The price of a barrel of Brent crude has almost halved from $115 in the summer to stabilise around $60 last week. Most forecasters expect the cost of oil to remain low well into next year.

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Latest developments on the US-Cuba story 21.12.2014 AP National
NOT SO FAST...
NY's bad move on fracking 20.12.2014 CNN: Top Stories
"I consider the people of New York my patients," acting New York Health Commissioner Howard Zucker said this week as he cited health-related reasons for recommending New York Governor Andrew Cuomo ban hydraulic fracturing, or "fracking," to develop natural gas resources in the state. New York's environmental conservation commissioner joined in with the recommendation, which the governor quickly accepted.
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Cuba hopes to spur oil industry but environmentalists worry and industry remains skeptical 20.12.2014 Star Tribune: Nation
Obama Sounds Like He’s About to Reject the Keystone Pipeline 20.12.2014 Mother Jones
This story first appeared on the Grist website and is reproduced here as part of the Climate Desk collaboration. Speaking at his end-of-the-year press conference on Friday afternoon, President Obama sounded very much like he's poised to reject the Keystone XL pipeline. He gave his sharpest assessment to date of its potential costs and benefits—lots of costs and few benefits. Climate hawks rejoiced, not only because of Obama's implied opposition to Keystone, but because he finally confronted American ignorance of how the oil market works, and attempted to reorient our energy policy around reality. At the press conference, Obama took a question from The Washington Post's Juliet Eilperin on what he will do about the Keystone XL pipeline, which congressional Republicans plan to try to ram through in January. Eilperin said Obama has in past comments "minimized some of the benefits" of Keystone. Obama responded that he has merely accurately characterized the benefits, which are objectively minimal, and walked ...
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Hopes, fears, doubts surround Cuba's oil future 20.12.2014 AP National
MIAMI (AP) -- One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action....
10 things to know about China, Latin America and the environment 20.12.2014 Guardian: Environment

New book argues Chinese firms’ presence in Latin America focuses on the most environmentally-damaging sectors

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Canada imposes new sanctions against Russia 20.12.2014 New Kerala: World News
Ottawa, Dec 20 : Canada will impose restrictions on the export of technology, in relation to Arctic, deep water and shale oil exploration and extraction, to Russia, Prime Minister Stephen Harper has said.
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Arctic offshore drilling company enters guilty pleas to environmental, maritime crimes 20.12.2014 Star Tribune: Nation
Global oil impact: Who's hurting, happy, hopeful 19.12.2014 AP Business
NEW YORK (AP) -- Oil's plunge is spreading both pain and gain across the globe....
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Cyprus says initial Eni-Kogas offshore drilling finds no natural gas, more drilling to follow 19.12.2014 Star Tribune: World
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2 dead, 2 reported hurt in explosion and fire at oil rig in southeastern Oklahoma 19.12.2014 Star Tribune: Nation
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Unions call for North Sea tax breaks as oil slump threatens jobs 19.12.2014 The Guardian -- Front Page
Oil’s decline to less than $60 a barrel has forced oil and gas firms to cut hundreds of jobs, delay projects and scrap drilling contracts

The government was urged on Friday to come to the rescue of the North Sea oil industry with further tax cuts that will protect offshore operators from the global oil price slump.

The plea was made by trade union leaders in Aberdeen who also warned that a run down in staffing and maintenance spending could endanger safety on North Sea platforms.

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2 dead in explosion, fire at Oklahoma oil rig 19.12.2014 Seattle Times: Top stories
Oklahoma officials say two people have died of injuries suffered during an explosion and fire at an oil rig in the southeastern corner of the state.
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2 dead in explosion, fire at Oklahoma oil rig 19.12.2014 Seattle Times: Nation & World
Oklahoma officials say two people have died of injuries suffered during an explosion and fire at an oil rig in the southeastern corner of the state.
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Wonga customer wins fees challenge 19.12.2014 BBC: Business
Payday lender Wonga will refund the fees and interest charged to a customer whose outstanding loan has already been written off.
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Bank fine boosts public borrowing 19.12.2014 BBC: Business
A bank fine of £1.1bn for manipulating currency markets has helped government borrowing figures in November, official figures show.
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North Sea oil fears 'too dramatic' 19.12.2014 BBC: Business
A leading figure in the UK's oil industry, Sir Ian Wood, tells the BBC warnings the industry is close to collapse are overstating the problem.
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HK tycoon found guilty of corruption 19.12.2014 BBC News: AsiaPacific
Hong Kong property tycoon Thomas Kwok and a former government official have been found guilty in the city's biggest-ever corruption case.
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