Republican presidential nominee Donald Trump wants to repeal environmental regulations, ease pipeline permits and open more federal land for drilling and mining if he becomes president. "Your regulations are going to be cut back to a point that you'll be able to have your businesses, grow your businesses and start new businesses," he said at the annual Shale Insight conference on Thursday.
Sixty out of almost 200 nations representing 47.5% of the world's total carbon dioxide emissions have ratified the Paris climate accord, according to UN Secretary-General Ban Ki-moon. The rule will go into effect once 55% of the world's emissions are represented.
Xcel Energy has issued a request for proposals to add up to 1,500 megawatts of installed wind capacity to its network in Minnesota, North Dakota, South Dakota, Michigan and Wisconsin, according to the company. "We're already the nation's leading utility wind energy provider, but today, we take another major step to transform our energy fleet to cleaner, more renewable energy sources; reduce our carbon footprint; and do so at an affordable cost," said Chris Clark, president Xcel Energy -- Minnesota, South Dakota and North Dakota.
A report from the US Chamber of Commerce says that more than 4.3 million US jobs have been created as a result of the boon in oil and gas development. "The 'Keep it in the Ground' movement completely ignores the vast benefits to our nation's economy that the energy renaissance has brought to us," Chamber President and CEO Karen Harbert said.
The Treaty Alliance Against Tar Sands Expansion has been signed by indigenous tribes from Canada and the northern US, with the stated goal of jointly fighting oil pipeline proposals. The group also plans to oppose tanker and rail projects.
Chemicals giant Ineos is scheduled to receive a shipment of ethane next week, which will mark the first shipment of gas fracked from US shale to arrive in Britain. "Shale gas can help stop the decline of British manufacturing, and this is a first step in that direction," said Ineos Chairman Jim Ratcliffe.
Deloitte's annual oil and natural gas survey of industry executives shows respondents feel that producers and drillers have weathered the storm of the industry downturn, but there may still be a rough patch ahead for pipeline companies. "If last year was the year of hard decisions, 2017 will be the slow road back," said John England, vice chairman and US and Americas oil and gas leader at Deloitte.
A study in the journal Science says that five Texas earthquakes in 2012 and 2013 were caused by injections of wastewater during fracking operations. "Part of the solution is how we manage this problem. If we get the pressure to go down at depth, the earthquakes stop," said study co-author William Ellsworth.
The Alaskan unit of ConocoPhillips has formed a joint venture with the state of Alaska to market the state's liquefied natural gas to global markets. Additionally, Alaska's Gasline Development Corp. says the joint venture will seek the backing of other major North Slope producers, as well as focus on purchasing North Slope gas.
Clean Line Energy Partners' Plains & Eastern Clean Line transmission project has been a boon for Oklahoma's growing wind industry, according to this analysis. Observers say the 700-mile project, which has generated more than $1 billion worth of investments in the state, will strengthen Oklahoma's position as a national leader in wind development.
- Page 1