Oil Booms News

  • Oil-train wreck brings demands for more regulation

    The latest in a string of fiery oil-train wrecks brought renewed demands Thursday that the Obama administration quickly tighten regulations governing the burgeoning practice of transporting highly combustible crude by rail. With production booming in the Bakken oil field along the U.S. northern tier and in Canada, some experts say stronger rules to head off a catastrophe are long overdue. ...


    By Associated Press

  • A Statement from U.S. Secretary of Energy Ernest Moniz on the Passing of the First U.S. Secretary of Energy James Schlesinger

    "The passing of Dr. James R. Schlesinger is a great loss for the academic, scientific and intelligence communities. It is a loss for the Department of Energy and for me personally. Throughout his distinguished career, Dr. Schlesinger served this nation with integrity and earned the respect of his colleagues. "As Chairman of the U.S. Atomic Energy Commission, he was instrumental to the ...


    By US Department of Energy

  • U.S. EPA Continues Response to the BP Whiting Oil Spill

    The U.S. Coast Guard and the U.S. Environmental Protection Agency were on site at the BP Refinery in Whiting, Indiana today to oversee a second day of cleanup operations following an oil spill into Lake Michigan that BP reported on March 24, 2014. A Shoreline Cleanup Assessment Team, consisting of representatives of EPA, USCG and BP, inspected the shoreline for a period of three hours to assess ...

  • Coast Guard: BP let 9 to 18 barrels of oil in lake

    An initial assessment of a Lake Michigan oil spill shows that between nine and 18 barrels of crude oil entered the lake following a malfunction at oil giant BP's sprawling northwestern Indiana refinery, the U.S. Coast Guard said Wednesday. Coast Guard spokesman Chief Petty Officer Alan Haraf said the estimate comes from the Coast Guard's initial visual assessment  ...


    By Associated Press

  • U.S. EPA Response to the BP Whiting Oil Spill

    The U.S. Environmental Protection Agency is responding to the spill of an unknown volume of oil into Lake Michigan from the BP refinery in Whiting, Indiana. BP notified the federal government’s National Response Center on March 24, 2014 at 5:25 p.m. that a spill had occurred. EPA has issued a Notice of Federal Interest, which formally advises BP of the federal government’s involvement ...

  • `Significant` oil spill closes United States ship channel

    No timetable has been set to reopen a major U.S. shipping channel after nearly 170,000 gallons of tar-like oil spilled into the Texas waterway, but more help was being called in Monday to contain the spill and protect important shorebird habitat. A barge carrying about 900,000 gallons of the heavy oil collided with a ship  ...


    By Associated Press

  • Boom in orders at the well-established HSE management software EcoWebDesk

    The Berlin based HSE management software provider has reinforced its market position in 2013. EcoIntense GmbH registered a major increase across all areas for the whole business year; particularly incoming orders, in the fourth quarter of 2013, rose by 300 per cent as compared to the same period of the preceding year. In addition to the increased number of new users more and more large companies ...


    By EcoIntense GmbH

  • Industry increases pressure on US to lift ban on oil exports

    Pressure has been increased on the US government to lift its ban on oil exports amid concerns that the policy is having a negative impact on the industry, as well as the nation's economy as a whole. Domestic oil production is booming in the country, which has led to concerns being raised that the US may have more oil than its refineries can realistically handle, Fox News reports.  A policy ...


    By Energy Institute (EI)

  • Booming Oil Extraction and the Higher Water Cut to drive the GCC’s Produced Water Management Market

    Produced Water (PW) is a byproduct of oil and gas extraction and needs special handling like any industrial waste. PW treatment is a major area for R&D in the Gulf Cooperation Council (GCC) countries, providing huge market opportunities for PW management equipment and service providers. The market will witness continued growth as the PW Society, Global Water Summit, International Islamic ...


    By Frost & Sullivan

  • UK seeking investors for North Sea oil and gas

    The UK government has opened up a round of offshore oil and gas licences in the hope of stimulating the North Sea industry, which is currently being hit by falling production and rising costs. Oil and gas production has tailed off by 38% over the course of the past three years, which industry estimates indicate has cost the Treasury £6 billion in lower tax receipts, the Financial Times ...


    By Energy Institute (EI)

  • Fracking boom to be led by Australia and China

    Australia could be set to become the next major player in the global market for shale gas, according to the findings of a new study. Entitled 'Uncovering Further Opportunities in the Booming Frac Market', the report from Lux Research place China and Argentina close behind. It was suggested that nations all over the world with estimated reserves of 1.7tn boe are all hoping to emulate the ...


    By Energy Institute (EI)

  • SOSRC Commissioning 12th Dec. 2013 - Singapore

    By Rajendra Iskandar  Singapore Oil Spill Response Centre Pte. Ltd. (SOSRC) is a responder and services provider to the Oil Spill Response Industry as well as supporting the salvage activities of POSH Semco Pte Ltd. They maintain the Oil Spill Response Equipment Stockpiles of Petroleum Association of Japan in Singapore, Malaysia and ...


    By DESMI A/S

  • Speech to a Tudor Pickering Holt seminar

    Introduction Thank you inviting me to speak today. We should not forget the US experience in the UK. The United States has felt the great difference shale gas can make. Shale has reinvigorated its economy; gas prices have halved, reducing costs for industry and consumers, and it has created billions in new investment and thousands of jobs. Nations including ...

  • House set to OK bills to speed oil, gas drilling

    The House approved two bills Wednesday aimed at speeding up drilling for oil and natural gas on public lands. The measures were among three energy bills the House is considering this week as Republicans who control the chamber push to expand an oil and gas boom that's lowered prices and led the U.S. to produce more oil last month than it ...


    By Associated Press

  • Book chronicles businessmen who led fracking boom

    "The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters" (Portfolio/Penguin), by Gregory Zuckerman Gregory Zuckerman's book "The Frackers" tells the unexpected story of how a once-obscure method of producing oil and natural gas from shale rock led to a huge American energy boom - and to a bitter debate over whether that's a great thing or an environmental disaster. The ...


    By Associated Press

  • Innovative Technologies and Construction Boom to drive the District Cooling Market in the Kingdom of Saudi Arabia, says Frost & Sullivan

    In the wake of increasing focus on sustainability and the 'go green' movement across the globe, the Middle East is also adapting its energy consumption trends to suit the high levels of power demand resulting from extremely high temperatures. District cooling technology is of key importance, as it offers central cooling for multiple buildings effectively while saving about 25 per cent on ...


    By Frost & Sullivan

  • Data show China passing US as biggest oil importer

    China has achieved another world-beating status its leaders don't want: Biggest oil importer. China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week. Chinese oil consumption outstripped production by 6.3 million barrels per day, which indicates the country had ...


    By Associated Press

  • Trinidad and Tobago to host meetings in Houston, Oct. 24, to discuss details of six deepwater blocks on offer; IHS will facilitate

    The Ministry of Energy and Energy Affairs for the twin-island Caribbean nation of Trinidad and Tobago has enlisted IHS (NYSE: IHS), the leading global source of information and analytics, to facilitate private meetings in Houston on Thursday and Friday, October 24 and 25, 2013 to discuss the country’s 2013 Deepwater Competitive Bid Round. On behalf of the ministry, IHS will also facilitate ...


    By IHS Markit

  • Colorado flooding triggers oil spills, shutdowns

    Colorado's flooding shut down hundreds of natural gas and oil wells in the state's main petroleum-producing region and triggered at least two spills, temporarily suspending a multibillion-dollar drilling frenzy and sending inspectors into the field to gauge the extent of pollution. Besides the possible environmental impact, flood damage to roads, railroads and other infrastructure will affect the ...


    By Associated Press

  • IHS Study: North America’s tight oil phenomena poised to go global

    The world has large potential technical recoverable resources of tight oil possibly several times those of North America, according to a new geological study by global analytics firm IHS. Commercial production of these resources could equal and exceed the current estimates for North America tight oil output, according to the study, released today at the IHS Forum in Houston. The study, Going ...


    By IHS Markit

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