#Oil And Gas

Heritage-Crystal Clean: Who Knew Waste Could Be This Profitable?

Heritage-Crystal Clean is a waste management company of sorts, with its hands in niche segments of this space, including oil re-refining. Driven by robust fundamental performance, the company's stock has significantly outpaced the broader market in recent months. Humans and the activities engaged in by them are not always exactly...
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Puerto Rican towns sue major oil companies, alleging suppression of climate science

Sixteen Puerto Rico municipalities filed a class-action lawsuit in federal court against major oil companies, alleging companies like ExxonMobil, Shell and Chevron colluded to suppress evidence of climate change that has devastated the island, including 2017’s Hurricane Maria. The municipalities accused the defendants, who include Exxon Mobil, Royal Dutch Shell, Chevron, BP, ConocoPhillips and Arch…
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Cost of decommissioning oil platforms to rise

British North Sea oil and gas producers will spend around £20 billion (US$24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, says a leading industry association. In recent report, Offshore Energies UK (OEUK) warned that the cost burden for decommissioning...
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3-Year Deal: Survitec to Maintain Life Saving Equipment on Valaris' Offshore Rigs

Offshore drilling operator Valaris has extended its service agreement with Survitec, a provider of survival technology solutions, for another three years. The master service and supply contract, originally signed in 2016, covers the annual and five-year inspection, servicing, and maintenance of LSA, including lifeboats, davits, and fast rescue crafts across Valaris’ global fleet of 11 drill ships, 5 semi-submersibles and 36 jack-up rigs.

Colorado: Capital of ‘responsibly sourced’ oil and gas

FREDERICK, Colo. — The Dream Weaver oil well pad is notable for what’s not here. No emissions. No flares. No tanker trucks rumbling in and out. Oil, gas and wastewater get whisked miles away by pipeline, not stored on site. Air monitors mounted on poles sniff for signs of methane leaks. The site has been declared by a rating firm to be more responsible than 75 percent of other operators.

Looming Diesel Shortage Could Cause Significant Disruptions

While the “normalization” of the RV industry continues unabated as sales assume a more predictable trajectory following record months of pandemic-fueled purchases, a new dilemma has shown up of late seemingly with the potential to not only affect sales but also disrupt the RV supply chain — and with it, manufacturing.

Peak Oil: The Perennial Prophecy That Went Wrong

Peak oil, a hypothetical point when global oil production maximizes and enters an irreversible decline, has been the holy grail of resource economics for decades: prized and just as elusive. Recently, technological development including increased digitization has altered conventional understandings associated with “peak oil”. Like other consumable resources, peak oil is grounded in reality: Oil is a finite natural resource produced over a geological timespan whereas demand continues to climb. However, peak oil could also become a self-fulfilling prophecy, inadvertently misinforming the public.

Just Stop Oil may start slashing famous artworks

Just Stop Oil protestors are no strangers to throwing soup at works of art or glueing themselves to the frames of famous paintings. But in every instance where their protests have targeted artworks so far, they’ve never intended to cause irreparable damage – instead, the aim has been to shock and intrigue the public and press.

Mass Action Call-In Day to Protect Ohio Families from Oil and Gas Waste

Will you help protect Ohio families from radioactive oil and gas waste by making one phone call on Wednesday? Ohio has 226 Class II injection wells that accept 20-30 million barrels of radioactive oil and gas liquid waste every year. Last month, Buckeye Environmental Network, Sierra Club, EarthJustice, and 30...

Canadian Natural Resources plans $5.2 billion in capital spending in 2023

CALGARY — Canadian Natural Resources Ltd. says it expects to spend $5.2 billion on its capital budget next year as it looks to grow production. The company says the plan includes about $4.2 billion in base capital spending and $1.0 billion in strategic growth capital. In its guidance, the...

New Strong Buy Stocks for November 30th

HBRIY - Free Report) : This independent oil and gas company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Harbour Energy PLC Sponsored ADR Price and Consensus. Harbour Energy PLC Sponsored ADR price-consensus-chart | Harbour Energy PLC Sponsored ADR Quote.

The White House Is Gaslighting About ‘9,000 Unused Permits’

Each year at this time, the editors at Merriam-Webster announce their chosen “Word of the Year.” For 2022, that word is “gaslighting,” which the dictionary defines as “The act or practice of grossly misleading someone especially for one’s own advantage.”. “It’s a word that...

State of California Officials Report Oil Industry Refuses to Answer Questions on Gas Price Hikes Amidst Record Profits, as Experts Stress Need for New Accountability Measures

Five major oil refiners refuse to show up at state hearing on gas price spikes. As California digs deeper into what caused historic gas price hikes, experts detail the need for more transparency and accountability measures to protect consumers. November 30, 2022 - SACRAMENTO – The California Energy Commission (CEC)...

Malaysia's Petronas Posts Q3 Profit, Warns of Continuing Market Volatility

Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period, compared with a profit of 16.3 billion...

What now for Newsom’s oil profits tax?

For several months, Gov. Gavin Newsom has waged a war of words on California’s petroleum industry, accusing it of price-gouging and asking the Legislature to impose a tax on its soaring profits. “Big oil is ripping people off at the pump, and they’re making more in profits off of Californians than in any other state — that’s why we need a price gouging penalty to hold them accountable and get these profits into your pockets,” Newsom said on...


Imagine that you are a Democrat campaigning for a statewide office in Texas, where one in six jobs is tied to the oil and gas industry. Then imagine that two days ahead of your election, the Democratic president of the United States promises at a campaign rally in New York there will be no more drilling for oil and gas.

Largest dredge arrives in Guyana for Vreed-en-Hoop shorebase project

NRG Holdings welcomes the arrival of the largest dredger to ever arrive in the Demerara River. The M.V Galileo Galilei, owned and operated by the Jan De Nul Group, NRG Holdings’ joint venture partner, docked in Port Georgetown and has been deployed to the project site. The vessel’s arrival marks the beginning of the sandkey reclamation phase of the project. During this phase the dredger will clear the existing area and begin the process of adding reclaimed material for the creation of an artificial island on which the construction of the new terminal will be situated. This project will, in the first phase, add more than 44 acres to Guyana’s coastline.