Judge orders Keystone XL pipeline review in setback for Trump
A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL crude oil pipeline, a Continue Reading
Texas, refineries urged to plan storm shutdowns to cut pollution
Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like during last year’s Hurricane Harvey, a Continue Reading
U.S. judge rules securities suit against Exxon, executives can proceed
A federal judge rejected Exxon Mobil Corp’s motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business. Continue Reading
Agency Says Lake Mead Could Drop Below Critical Threshold
Nevada’s Lake Mead, the biggest reservoir in the West, is on track to fall below a critical threshold in 2020, according to a new forecast by the Bureau of Reclamation. Continue Reading
BP bets big on shale for its US comeback
BP’s blockbuster $10.5bn deal for a portfolio of shale oil assets from BHP Billiton was not only its biggest acquisition in almost 20 years, it signalled the company’s big comeback Continue Reading
The Productivity Problem In The Permian
Output in the Permian basin is already starting to slowdown, largely due to pipeline constraints. However, there is also a series of other data points that suggests that shale drillers Continue Reading
Emissions from energy-rich Norway on the decline
The Norwegian government reported Wednesday that total greenhouse gas emissions were lower, with declines in pollution from road traffic leading the way. Statistics Norway, the government’s record-keeping agency, published data Continue Reading
Oil falls on U.S. stocks rise, weaker economic outlook
Oil prices fell on Wednesday, weighed down by a report of rising U.S. crude inventories and as the outlook for global economic growth darkened, stoking expectations of lower fuel demand. Continue Reading
Oil slips as strong dollar pressures; equities gains support
Oil prices edged lower on Tuesday, weighed down by a strengthening U.S. dollar as investors remained concerned about the financial crisis in Turkey. Brent crude LCOc1 dipped 15 cents to Continue Reading
Global economic outlook is darkening: Kemp
Cyclical indicators point to slower and more uneven growth in the global economy for the rest of this year and into 2019, which means the rise in oil consumption is Continue Reading