Royal Dutch Shell has developed safeguards to conduct offshore oil exploration in the Arctic and U.S. President says he’s impressed with what he sees. Obama says his administration delayed Shell’s application for exploratory drilling in the Chukchi Sea northwest of Alaska until it could provide necessary assurances. The U.S. Bureau of Ocean Energy Management has […]
Oil industry going to court to fight for its rights
America’s largest energy trade association is suing the US government, contending its timeline for upgrading oil tank cars for freight trains isn’t realistic and, in some cases, too expensive. In its suit filed on May 11 in the US District Court of Appeals for the District of Columbia, the American Petroleum Institute (API) asked the […]
Comment: The Age of Innovation and How Ingenuity Became a Necessity by Neil Poxon
Neil Poxon, CEO of ProSep looks at the spur to innovation created by a low-price environment and what it means for the global oil and gas industry worldwide. On May 25, 1961, President Kennedy announced to the U.S> Congress that America would land a man on the moon and return him to Earth before the […]
Comment: Want to blame someone for killing pipeline projects-blame Stephen Harper
An oil leak right in Vancouver harbour, with slicks washing up on the pristine shores of English Bay and Stanley Park — that certainly gets voters paying attention to the environment in an election year. April’s spill from a cargo ship’s own fuel tank was small as these things go — less than 3,000 litres, […]
Oil pipelines forging ahead despite low oil prices
While oil prices have dropped below $50 per barrel, expanding market access continues to be a long-term need for Canadian oil and gas producers. Despite lower revenues — the current estimated cost of a barrel of oil in Canada is around $35 — oil product is still expected to grow in 2015. “Canada has the […]
Comment: CAPP has warning for politicians in race to form next government in Alberta
These are volatile times for the oil and natural gas industry. The impact on Albertans has been hard as thousands of jobs have been cut. Drilling and service rigs are idle. Tools are down in machine shops. More office spaces are empty. Restaurants are quieter. Economic activity across Alberta is slowing as uncertainty clouds the […]
Oil spill cleanup made easier
In Ohio, scientists are experimenting with a mesh that could clean up oil spills and save a lot of money in the process. Research out of Ohio State University’s nano lab has developed a type of steel mesh which traps oil, while letting water flow through it. The high-tech mesh is coated in a nearly […]
Oil industry abandons more wells
The drop in oil prices coupled with new regulations and changes in drilling have prompted a lot of junior oil companies to walk away from their wells. In fact the numbers of orphaned wells have jumped dramatically, going from 162 to 702 in the past year. The problem now is the clean up. For the past […]
Comment: Alberta climate change minister has her work cut out for herself
Diana McQueen has set the bar high in her role as minister for climate change in Alberta. To start with, McQueen is promising Alberta will meet its greenhouse gas reduction targets. “I have a mandate from the premier to meet those reduction targets,” McQueen said. “We will continue to have a strong economy while meeting the 2020 […]
Comment: Stop drilling in the Arctic
In late March, the U.S. Department of the Interior swung the door wide open to drilling in the remote waters of the Arctic Ocean when it announced that it was reaffirming controversial Bush-era leases for the Chukchi Sea. In 2008, the Bush administration offered nearly 30 million acres of remote and poorly understood ocean to […]
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