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Oil, gas not responsible for methane emission spike

Oil, gas not responsible for methane emission spike

A new study finds that oil and natural gas producers are not responsible for a global increase in methane emissions. According to the report by the National Oceanic and Atmospheric Administration, increased emissions come primarily from wetlands and agriculture, not oil and natural gas producers. The NOAA report comes after the U.S. Environmental Protection Agency announced it will regulate methane ...

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Diversity in energy industry workforce leads to higher productivity, profit

Diversity in the workplace

Pink Petro held its Global HerWorld Energy Forum on Tuesday, March 1, with the theme “The New Energy Reality: Innovation, Diversity, & the NextGen.” Pink Petro is a networking resource to develop women as leaders in a male-dominated industry. Keynote speaker Regina Mayor of KPMG gave the keynote address titled “The Inclusive Workforce.” Mayor’s address highlighted three key areas in ...

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Landry seeks to take over parish coastal damage suits

The Louisiana coast at sunset. (Image: romaryka via Flickr)

NEW ORLEANS (AP) — Louisiana Attorney General Jeff Landry moved Tuesday to take over lawsuits filed by three parishes that claim oil and gas activities have damaged coastal wetlands. Landry’s office says it filed motions to intervene in 39 state court lawsuits filed by Cameron, Jefferson and Plaquemines parishes against numerous oil and gas companies. The documents say Landry, as ...

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Panel formed to investigate Gulf platform worker’s death

Offshore oil and gas drilling rig operating in the Gulf of Mexico. (Image: Adventures of KM&G-Morris via Flickr - CC2)

NEW ORLEANS (AP) — Federal regulators have formed a four-member panel to investigate the death of a man who was working on an oil platform rig in the Gulf of Mexico. The Interior Department’s Bureau of Safety and Environmental Enforcement says Roy Miller, a Nabors Drilling employee, was fatally injured last Thursday during “maintenance activities” performed for Houston-based oil and ...

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US rig count drops 9 last week to all-time low of 480

The U.S. drilling rig count settled at 480 this week, according to Baker Hughes. (Image courtesy of Encana Corp.)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped 9 last week to 480, a record low and another sign of continuing price woes in the oil and gas industry. Houston-based oilfield services company Baker Hughes Inc. said Friday that 386 rigs sought oil and 94 explored for natural gas. A year ago, ...

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Stock market extends rally to a 4th week as energy recovers

FILE - In this Aug. 8. 2011 file photo, a Wall Street sign hangs near the New York Stock Exchange, in New York. Global shares rose Friday, March 11, 2016 with Europe off to a strong start as investors reassessed an unexpectedly wide array of stimulus measures announced a day earlier by the European Central Bank.(AP Photo/Jin Lee, File)

NEW YORK (AP) — A jump in crude oil and a rise in European markets set off a rally in U.S. stocks to cap a four-week winning streak for major indexes. Investors bought across industries from the start of trading on Friday. Drillers, refiners and other energy companies rose sharply as the price for U.S. crude hit a high for ...

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Judge: BP not to pay oil industry losses from moratorium

Judge: BP not to pay oil industry losses from moratorium

NEW ORLEANS (AP) — A federal judge ruled that BP does not have to pay for economic losses other businesses suffered when the federal government shut down deep-water drilling in the wake of BP’s catastrophic 2010 oil spill in the Gulf of Mexico. U.S. District Judge Carl Barbier in New Orleans issued his ruling late Thursday. The Obama administration imposed ...

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Slovenia awaits birth of new generation of ‘baby dragons’

olm, baby dragon

POSTOJNA, Slovenia (AP) — Slovenia is counting down the days until the birth of a new generation of “baby dragons.” Scientists in the Central European country have proudly announced that a female olm — a Gollum-like, lizard-sized amphibian living in an aquarium in the country’s biggest cave — has laid eggs. They have described it as the first example of ...

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EIA forecasts short-term energy outlook

EIA forecasts short-term energy output

The U.S. Energy Information Administration released its short-term energy outlook Tuesday. The report forecasts oil and natural gas production for the next two years. North Sea Brent crude oil prices averaged $32 per barrel, a $1 increase from January prices. Brent crude prices are predicted to average $34 in 2016 and $40 in 2017. The forecast reflects higher –than-expected oil ...

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