User: irge304 Topic: Energy Extraction
Category: Oil Exploration
1 new since Nov 29 2014 11:06 IST RSS 2.0
 
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Oil crash may see drillers cut spending to shield dividends 29.11.2014 Star Tribune: Business
The cuts would help shield dividend payments; shale deposits are seen as vulnerable.
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Oil prices, stocks hammered after OPEC decision 29.11.2014 SFGate: Business & Technology
Oil prices, stocks hammered after OPEC decision A day after OPEC voted not to cut oil production in response to a weakening global market, prices plummeted to their lowest level since 2010. The vote by the Organization of the Petroleum Exporting Countries in Vienna Thursday to maintain production levels of 30 million barrels a day — about four times that of the United States — was not a surprise. Thursday’s events have pressed speculation that OPEC is abandoning its traditional role as swing producer, in which it could cause oil prices to rise and fall by adjusting its production a percentage point or two. In the 1980s, OPEC crashed the global oil market by increasing supply at a time the markets were already weak, putting many U.S. producers out of business. [...] the dynamics of the global oil market have changed dramatically since the 1980s, said Bud Weinstein, an economist with the Maguire Energy Institute at Southern Methodist University.
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Energy Shakes as OPEC Stands Pat 29.11.2014 Wall St. Journal: US Business
OPEC’s decision to keep the oil spigots fully open dimmed the outlook for U.S. energy companies, slamming shares of domestic crude producers and upending capital-expenditure budgets for next year.
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Annual sheep drive in NW Colorado continues tradition of generations 29.11.2014 Denver Post: News: Local
A river of sheep is rolling down Colorado 13 toward Meeker. Bells are clanking, nervous ewes baaaing and 9,520 hooves clicking down a state highway that can only be called an icy mess. Tanker trucks bound for the oil fields nose through the herd that parts and fills in again behind them. Snow plows aggressively scrape right up to the sheep, creating ovine panic. Many cars just flip a U when faced with the oncoming wall of ...
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Surge in crime committed by newly arrived workers accompanies eastern Wyoming oil boom 29.11.2014 Star Tribune: Nation
Brazil’s Javari valley threatened by Peruvian oil, warn tribes 28.11.2014 Guardian: Environment

Indigenous peoples say oil operations by Canadian firm in Peru pose danger to Brazil

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Experts Predict Low Oil Prices Through Next Year 28.11.2014 NPR News
Following a decision by OPEC ministers not to cut production, crude prices have fallen to a four-year-low before rebounding slightly.
Plunging crude prices hammer energy companies 28.11.2014 AP Business
NEW YORK (AP) -- A decision by OPEC this week to maintain current levels of oil production is hammering major energy companies in the U.S. and abroad....
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OPEC upheaval delivers a broadside to major energy companies as oil prices plunge sharply 28.11.2014 Star Tribune: Business
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Fracking risk compared to thalidomide and asbestos in Walport report 28.11.2014 The Guardian -- Front Page

Historic innovations that have been adopted too hastily with grave unforeseen impacts provide cautionary examples for potential side effects of fracking, says report by government’s chief scientist Mark Walport

Fracking carries potential risks on a par with those from thalidomide, tobacco and asbestos, warns a report produced by the government’s chief scientific adviser.

The flagship annual report by the UK’s chief scientist, Mark Walport, argues that history holds many examples of innovations that were adopted hastily and later had serious negative environmental and health impacts.

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As energy prices slide, inflation across the 18-country eurozone dips to 0.3 percent 28.11.2014 Star Tribune: Business
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OPEC holds oil production, prices plummet 28.11.2014 CNN: Top Stories
Oil prices have plummeted to 2010 levels after OPEC leaders decide to hold oil production. CNN's John Defterios reports.
OPEC decides to keep its production ceiling unchanged despite crude glut, price plunge 28.11.2014 Star Tribune: Business
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OPEC decides against oil production cut despite price slump 28.11.2014 New Kerala: World News
Viena, Nov 28 : The ministers of the Organization of Petroleum Exporting Countries(OPEC) decided here Thursday to maintain its output level despite crude oil price fell to a four-year low level.
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OPEC leaves oil production quotas unchanged, prices fall again 28.11.2014 SFGate: Business & Technology
OPEC leaves oil production quotas unchanged, prices fall again VIENNA — OPEC decided Thursday not to cut petroleum production despite the recent plunge in prices that has indicated the diminishing clout of the organization. On news of the decision by the Organization of the Petroleum Exporting Countries, the price of Brent crude oil, a global benchmark, fell an additional $3 to a four-year low of below $75. The dynamic has shades of the early 1980s, when new crude supplies emerged from the North Sea, Alaska and Mexico, sending prices falling and squeezing OPEC’s market share.
OPEC Declines Action As World Oil Prices Hit Record Lows 28.11.2014 NPR: All Things Considered
OPEC oil producers met Thursday to discuss falling world oil prices — something big producer Saudi Arabia seeks to preserve in order to compete with U.S. oil production. But other OPEC countries want to get prices back up because their governments need the money.
Sun, Sand And Offshore Drilling In Spain's Famed Canary Islands 28.11.2014 NPR News
Highly reliant on oil imports, Spain's government is encouraging oil exploration off the coast of the Canary Islands. But locals say the drilling threatens the natural attractions that draw tourists.
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OPEC keeps oil output on hold despite low prices 28.11.2014 Seattle Times: Nation & World
Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.
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OPEC keeps oil output on hold despite low prices 27.11.2014 Seattle Times: Top stories
Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.
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OPEC Ministers To Consider Cuts To Oil Production 27.11.2014 NPR: Morning Edition
One of the most closely watched OPEC meeting in years takes place in Vienna on Thursday. Oil prices are at a four-year low and a push for a production cut is being stymied by Saudi intransigence.
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