From the Associated Press on Statoil, a player in Ohio's Utica Shale:
Norwegian energy group Statoil posted a net loss of 9.2 billion kroner ($1.08 billion) for the fourth quarter amid the drop in oil prices.
Norway’s biggest oil company said Thursday the quarterly results “continue to be severely influenced by low prices,” adding the loss was 3 percent larger than a year earlier. Revenue fell to 109.2 billion kroner from 147 billion kroner.
CEO Eldar Saetre said the company was stepping up its cost-cutting program and reining in spending.To read more or comment...
From the American Petroleum Institute on Thursday:
WASHINGTON, February 4, 2016 – President Obama’s proposal to add a new $10 per barrel tax on crude oil would harm consumers, said API President and CEO Jack Gerard:
“The White House thinks Americans are not paying enough for gasoline, so they have proposed a new tax that could raise the cost of gasoline by 25 cents a gallon, harm consumers that are enjoying low energy prices, destroy American jobs and reverse America’s emergence as a global energy leader.
“On his way out of office, President Obama has now proposed making the United States less competitive.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 650 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.
From a Thursday press release:
FOR IMMEDIATE RELEASE
A Landmark Year for US Energy Evolution
Clean energy, natural gas consumption, and energy efficiency rise, as coal burn and CO2 emissions fall and power prices stay flat in watershed 2015, new study findsTo read more or comment...
From the American Pertroleum Institute on Wednesday:
WASHINGTON, February 3, 2016 – Today, U.S. Senate Committee on Veterans’ Affairs Member Joe Manchin (D-WV) joined the American Petroleum Institute (API) to officially launch the Veterans Energy Pipeline – www.veteransenergypipeline.com – a new web based tool that will help connect current members of the armed forces and veterans to civilian employment opportunities in the oil and natural gas industry.
“Our goal is to build on the successes of America’s energy revolution and help those serving our country, as well as veterans, transition into well-paying careers in the oil and gas industry,” said API President and CEO Jack Gerard. “This unique forum will provide important information about the industry, the outlook for job opportunities and useful job-hunting tools and resources.”
To better understand the long-term employment needs of the industry, a recent study from IHS Global, estimates that more than 950,000 job opportunities could be created by 2020 and nearly 1.3 million job opportunities through 2030 across the country in the oil and natural gas industry.To read more or comment...
From the American Petroleum Institute on Tuesday:
WASHINGTON, February 2, 2016 – Today the Pipeline and Hazardous Materials Safety Administration’s (PHMSA) released a natural gas storage safety advisory modeled after industry’s best practices.
“Safety is our industry’s core value and we are committed to zero incidents,” said API Midstream Group Director Robin Rorick. “PHMSA’s new safety advisory is in part guided by the best principles industry already has in place for natural gas storage facilities.
“We continue to lead when it comes to safety by constantly upping our safety standards to ensure that we protect the public and the environment. In fact, we collaborated with PHMSA to create new standards just last year,” said Rorick referring to API’s Recommended Practices 1171 and 1170.To read more or comment...
From a press release today from Earthjustice and other eco-groups:
Broad Coalition Challenges Clean Air Violations at Albany Crude-by-Rail Terminal
Cite environmental justice impacts to public housing residents adjacent to Global facility
ALBANY, NY -- A broad coalition consisting of the County of Albany, a tenants association, and several environmental groups filed a lawsuit today in federal court charging that a major crude-by-rail conglomerate is operating in violation of the Clean Air Act. The lawsuit claims that Global Companies failed to obtain a required air pollution permit and institute necessary pollution controls when it modified its Albany, New York facility in 2012 to allow a five-fold increase in the amount of crude oil handled at the facility. The lawsuit also claims that Global has violated a permit issued by the New York State Department of Environmental Conservation by handling crude oil from the Bakken region of North Dakota, which emits more air pollutants than conventional crude oil. The lawsuit seeks an injunction requiring the company to apply for the required air pollution permit and prohibiting the facility from handling Bakken crude oil, and asks for fines of $37,500 for each day that Global has operated in violation of the Clean Air Act.To read more or comment...
From a press release on Wednesday:
WASHINGTON, DC – Standing with citizens on the frontline of offshore drilling fights -- from North Carolina’s barrier islands to the fragile Arctic -- Environment America and a dozen other green groups delivered more than 2 million petitions to President Obama this afternoon, urging him to drop his administration’s plans for new offshore drilling beginning next year.
The Obama administration is expected to issue the next draft of its 2017 to 2022 offshore drilling leasing plan next month. The current version opens up new areas to drilling in the Arctic and the Atlantic Oceans, but environmental groups, hundreds of coastal businesses, and citizens have been calling on the president to reverse course. Last month, Kure Beach, N.C. became the 100th coastal community to pass a resolution against expanding drilling.
“There’s no way around it: when you drill you spill. Oil rigs in the Atlantic and Arctic would threaten our precious beaches, harm sea turtles and other marine life, destroy coastal economies, and worsen the climate crisis to boot,” said Rachel Richardson, director of Environment America’s Stop Drilling program. “That’s why we’re proud to stand with millions of Americans to urge the president to drop plans for new dirty drilling.”
Pennsylvania’s environmental rule-making body approved major revisions to strengthen the state’s oil and gas regulations on Wednesday at the end of a heated three-hour meeting when critics of the rules called elements of the package illegal or unnecessary, the Pittsburgh Post-Gazette reported.
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February 4, 2016
HOUSTON – Spectra Energy Corp (NYSE: SE) and Spectra Energy Partners (NYSE: SEP) today announced their 2016-2018 business and financial plan.
Key highlights for Spectra Energy include:
Key highlights for Spectra Energy Partners include:To read more or comment...
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.