Shale oil to push U.S. past Russia, Saudi Arabia

Jul 10, 2014

Shale oil to push U.S. past Russia, Saudi Arabia

Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate estimates that depend on uncertain ...

Study shows how fracking causes some earthquakes

Jul 4, 2014

Study shows how fracking causes some earthquakes

A new study explains how four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 small and medium earthquakes in the past five years, according to a study published ...

Quebec town still recovering from train disaster

Jul 4, 2014

Quebec town still recovering from train disaster

Backhoes and bulldozers are still digging out oil-seeped soil and pavement in the center of the lakeside Quebec town of Lac-Megantic. Where the post office, public library and restaurants once stood, there is only the clanging of machinery kicking up dust over the emptiness. ...

Fracking 'causing methane leakage'

Jul 1, 2014

Fracking 'causing methane leakage'

In the state of Pennsylvania’s gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells. The results suggest that leaks of methane could be a problem for ...

Kurds to pump more oil from new fields

Jun 26, 2014

Kurds to pump more oil from new fields

by David Sheppard

Iraq’s self-ruling Kurds outlined plans on Wednesday to swiftly ramp up oil exports now that their forces have taken control of Iraq’s main northern oil fields, a move that could tear up the settlement holding Iraq together since the fall of Saddam Hussein. Kurdish ...

China sends four more oil rigs to South China Sea

Jun 20, 2014

China sends four more oil rigs to South China Sea

China has sent four more oil rigs into the South China Sea in a sign that Beijing is stepping up its exploration for oil and gas in the tense region, less than two months after it positioned a giant drilling platform in waters claimed ...

Canada approves oil pipeline to Pacific Coast

Jun 18, 2014

Canada approves oil pipeline to Pacific Coast

Canada’s government on Tuesday approved a controversial pipeline proposal that would bring oil to the Pacific Coast for shipment to Asia, a major step in the country’s efforts to diversify its oil exports if it can overcome fierce opposition from environmental and aboriginal groups. ...