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Environmental groups oppose Belizes new draft proposals for offshore drilling

2015-05-12 01:00:00| Offshore Technology

The Government of Belizes new draft proposal allowing companies to conduct offshore exploration for oil and gas near the Great Blue Hole has attracted criticism from various environmental groups.

Tags: groups environmental draft proposals

 

Shell to resume Arctic drilling off Alaska as green groups warn of disaster

2015-05-11 23:17:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The US government has given Shell approval to restart drilling in the Arctic despite repeated warnings from environmentalists that it could lead to an ecological disaster. The Obama administration on Monday approved Shells plan to resume drilling for oil and gas in the treacherous and fragile waters off the coast of Alaska, three years after the Anglo-Dutch oil giant was forced to suspend operations following a series of potentially dangerous blunders. Scientists and environmental groups on...

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Crude-Oil Bulls Threatened as Shale Patch Revives Drilling Plans

2015-05-11 22:30:38| Energy - Topix.net

Money managers increased their net-long position in West Texas Intermediate crude by 3.9 percent in the seven days ended May 5, U.S. Commodity Futures Trading Commission data show. That's a level last seen toward the start of last year's price crash.

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Crude-Oil Bulls Threatened as Shale Patch Revives Drilling Plans

2015-05-11 13:46:32| Oil & Gas - Topix.net

Money managers increased their net-long position in West Texas Intermediate crude by 3.9 percent in the seven days ended May 5, U.S. Commodity Futures Trading Commission data show. That's a level last seen toward the start of last year's price crash.

Tags: plans patch threatened drilling

 

Oklahoma oil firms drilling but waiting to complete wells

2015-05-10 21:17:22| Electronics - Topix.net

Oklahoma energy companies are still drilling in spite of low oil prices, but they are putting off costly practices such as hydraulic fracturing until prices recover. Drilled uncompleted wells are a new trend in the oil patch, led both by lower oil prices and the drastic technological and procedural changes the industry has experienced over the past decade, The Oklahoman reported Sunday .

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