Japan's Sumitomo exits U.S. shale oil business to promote restructuring
Trading house Sumitomo Corp. said Thursday it had withdrawn from the U.S. shale oil and gas business to cut costs and proceed with structural reforms. The Japanese firm has sold all of its stake in a shale oil project in Texas to a U.S. oil ...
Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the industry risks causing too much disruption to local communities through earth tremors. Prime Minister Boris Johnson's government had previously signaled its support for the shale gas industry as it seeks ...
Halliburton cuts 8% of North American jobs as fracking slackens
Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8 percent of its North American workforce and shelving unused frack gear. The world's biggest provider of fracking equipment, including heavy duty rock-blasting pumps and sand-storage silos, declined ...
The next 'Ferrari of shale' may be hiding in Australia's outback
In a corner of the Australian Outback, a drilling crew will soon try tapping shale rocks that could hold more than three times the world's annual consumption of natural gas. Origin Energy Ltd. plans to drill two wells later this year in the Northern Territory's ...
Protesters tried to interrupt the biggest U.S. energy conference, holding signs and using a microphone to shout "Climate Change is Genocide." It's the first time in recent memory that environmental activists have made their presence felt at the CERAWeek by IHS Markit conference in Houston, ...
EPA vastly underestimating U.S. oil, gas system methane leaks: study
U.S. oil and gas drilling and related operations give off much more of the powerful greenhouse gas methane than the federal government estimates, wasting about $20 billion in fuel a year, scientists said on Thursday. Methane, the main component of natural gas, is colorless and ...
U.S. EPA bans scientists from independent advisory boards, riling Democrats
The U.S. Environmental Protection Agency announced on Tuesday it will bar certain scientists from serving on its independent advisory boards, a move critics say could open the way to more industry-friendly advisers on the panels. The EPA barred scientists who have won agency-awarded grants in ...
Trump rebrands predecessor's policy to push U.S. 'energy dominance' as exporter
U.S. President Donald Trump on Thursday launched what he called a "golden era" of energy policy seeking to assert power abroad through a boost in natural gas, coal and petroleum exports. In a policy Trump calls "energy dominance," he rebranded efforts to export liquefied natural ...
Trump pitches jobs to blue-collar Ohio, oil pipeline across sacred lands, coal industry revival
Shiny new Jeep Wranglers and Cherokees, lined up in their thousands, wait to be shipped out by train from the Chrysler plant in Toledo, Ohio, where Donald Trump has come to court blue-collar voters with promises of jobs. The industrial city on the shores of ...
Trump looking to pick top fracking mogul Hamm as energy secretary
Republican presidential candidate Donald Trump is considering nominating Oklahoma oil and gas mogul Harold Hamm as energy secretary if elected to the White House on Nov. 8, according to four sources close to Trump's campaign. The chief executive of Continental Resources would be the first ...
Why oil is still headed as low as $10 a barrel
The world is awash in crude, and the once-feared OPEC is pretty much finished as an effective price enforcer.
Fracking seen turning 'tornado alley' Oklahoma into deemed quake country by USGS
U.S. government geologists now recognize much of Oklahoma as earthquake country, accounting for the bulk of 17 regions newly designated for seismic hazards attributed to underground disposal of wastewater from fossil fuel production. The 17 regions are delineated in the first official map by the ...
