Billionaire oilman Harold Hamm questioned Tuesday how the U.S. government could consider lifting sanctions that would allow Iran to export oil, while keeping a decades-old ban in place prohibiting American energy companies from selling domestic crude on the world market.
Car buyers are trading in hybrid and electric cars for SUVs at a higher rate than ever before, according to a new analysis from car-buying platform Edmunds.com.
Oklahoma geologists have documented strong links between increased seismic activity in the state and the injection into the ground of wastewater from oil and gas production, a state agency said on Tuesday.
A new study released Tuesday suggests that the global oil and gas industries allow as much as 3.6 trillion cubic feet of natural gas — and almost certainly far more — to escape into the atmosphere annually.
Just as it did at this point on the chart in 2009, crude is set to rise further from here, one analyst said.
Government and industry officials continue to wrestle with a problem investigators say was at the heart of the 2010 Gulf oil spill: human error.
Five years after the nation’s worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. Opening this new frontier, miles below the bottom of the Gulf, requires engineering feats far beyond those used at BP’s much shallower Macondo well.
Cynthia Sarthou, executive director of Gulf Restoration Network, says that after five years, there are more questions than answers about what the lingering impact of the spill means.
For the second year in a row, energy-related carbon dioxide emissions in the United States have increased. However, unlike 2013, when emissions and gross domestic product grew at similar rates, 2014’s CO2 emissions growth rate of 0.7% was much smaller than the 2014 GDP growth rate of 2.4%.
The little-known bitumen carbonates are a far more difficult-to-mine, more unconventional form of the molasses-like bitumen that’s already being extracted from the tar sands.
