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Oil & Gas

EIA cuts recoverable oil projections for Monterey Shale by 96%

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Many experts believe this could be a heavy blow to the burgeoning industry that had projected 2.8 million new jobs and an extra $24.6 billion annually in tax revenue.
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Gazprom signs 30-year gas delivery contract with China

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Russia and China have signed a historic 30-year gas delivery deal that is estimated to be worth more than $400 billion.
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Canadian researchers work on new water treatment method to cut carbon dioxide emissions

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Researchers at the University of British Columbia are working on a new technology that uses carbon dioxide and wastewater from oil and gas operations to produce reusable water.
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EPA introduces draft rules to reduce toxic emissions from refineries

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U.S. oil refineries may have to comply with new, more stringent regulation regarding toxic emissions from flares, storage tanks and other similar sources.
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US fracking companies go green

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In a bid to ease environmental concerns and improve public perception of the industry, oil and gas companies are investing in innovative technologies that can mitigate or prevent the impact of fracking operations.
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Criminal charges filed against workers involved in deadly crude oil train accident

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Ten months after the tragic accident involving a crude carrying train in Lac-Megantic, Quebec, criminal charges have been filed against three employees of the now-defunct company Montreal, Maine and Atlantic Railway Ltd.
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EPA reconsiders approval of Pennsylvania injection well permit

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EPA has changed its mind on giving the green light to a 7,300-foot-deep injection well in Clearfield County, Pennsylvania.
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EPA seeks public comment on fracking chemicals disclosure

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EPA has announced plans to seek public comment on potential disclosure regulation, as well as input on possible non-regulatory approaches to the matter.
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Defunct energy company to pay record penalty for environmental damage

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The now-defunct Kerr-McGee Corporation, which was taken over by Anadarko Petroleum Corporation in 2006, will have to pay a record penalty of $5.15 billion under a settlement reached with the Department of Justice.
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Oil, gas spills increase in 2013

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More than 7,600 oil spills and leaks were recorded in 2013 in the top 15 states for onshore oil and gas activities.
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