BOSTON - Exxon Mobil must hand over documents related to a state investigation into whether the company misled investors and consumers about what it knew about the link between fossil fuels and climate change, Massachusetts' highest court ruled Friday. The Supreme Judicial Court rejected Exxon Mobil's attempt to stymie Attorney General Maura Healey's probe into whether it concealed information about the impact of climate change from the public. "Now Exxon must come forward with [Read more]
Senator wants temporary halt of oil flow through pipelines
TRAVERSE CITY, Mich. - Sen. Gary Peters of Michigan says the flow of crude oil through twin pipelines in a sensitive Great Lakes waterway should be suspended until authorities determine how severely they were damaged by what may have been a ship anchor strike. Peters said Friday he was briefed by the U.S. Coast Guard, which is investigating a recent spill of coolant fluid from two electric cables at the bottom of the Straits of Mackinac in the vicinity of Enbridge Inc.'s oil pipelines. [Read more]
California oil firms had nearly 400 violations
LOS ANGELES - Oil and gas companies drilling in state waters off Southern California violated regulations nearly 400 times in the past three years, according to a report being released Wednesday by an environmental group. Records compiled by the Center for Biological Diversity and obtained by The Associated Press show state violations ranging from severe corrosion to failed and missing tests required to gauge the strength of wells. No civil penalties were issued for any of the [Read more]
Oklahoma orders cut in water injection after earthquakes
COVINGTON, Okla. - The Oklahoma Corporation Commission has directed a wastewater disposal well to reduce its volume of injection after more than a dozen earthquakes rattled part of northwest Oklahoma since Friday. The U.S. Geological Survey recorded three quakes Monday, including one near Covington now rated magnitude 4.5 after a preliminary rating of 4.3. Magnitude 3.3 and 2.8 quakes were also recorded Monday in the area about 55 miles (90 kilometres) north of Oklahoma City. [Read more]
Oklahoma gains 5 rigs as US rig count rises to 1,003
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 1,003. At this time a year ago there were 839 active rigs. Houston oilfield services company Baker Hughes reported Friday that 808 rigs drilled for oil this week and 194 for gas. One was listed as miscellaneous. Among major oil- and gas-producing states, Oklahoma added five rigs. New Mexico tacked on three, while Kansas and Texas each gained two. North Dakota, Ohio, [Read more]
Judge holds climate change class in suits against big oil
SAN FRANCISCO - A federal judge presiding over lawsuits that accuse big oil companies of lying about global warming to protect their profits is turning his courtroom into a classroom in what could be the first hearing to study the science of climate change. U.S. District Judge William Alsup has asked lawyers for two California cities and five of the world's largest oil and gas companies to come to court Wednesday to present "the best science now available on global warming." He also [Read more]
Trump moves to vastly expand offshore drilling off US coasts
WASHINGTON - The Trump administration moved Thursday to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan that would open up federal waters off California for the first time in more than three decades. The new five-year drilling plan also could open new areas of oil and gas exploration in areas off the East Coast from Florida to Maine, where drilling has been blocked for decades. While some lawmakers in those states support offshore drilling, the plan [Read more]
OPEC poised to extend oil production cuts to support prices
VIENNA - Key OPEC oil ministers expressed preference Thursday for extending crude output cuts until the end of next year, strengthening expectations that the oil cartel will decide to continue pumping less oil for more dollars. Benchmark crude prices are now close to $60 a barrel, up almost 20 per cent since a year ago, when the Organization of the Petroleum Exporting Countries and their non-OPEC partners agreed to reduce supply by a daily 1.8 million barrels to push up prices. [Read more]
OPEC and allies likely to extend production cuts at meeting
VIENNA - With crude prices at two-year highs, OPEC and allied oil producing-nations appear ready to agree to extend their output cuts at a meeting Thursday after Iraq's energy minister said there was broad agreement for such a move. Benchmark crude prices are now close to $60 a barrel, depending on the grades, up almost 20 per cent since a year ago. And the bets have been that the Organization of the Petroleum Exporting Countries and their non-OPEC partners will try to keep supply tight [Read more]
Michigan, Enbridge reach deal to boost safety of pipelines
TRAVERSE CITY, Mich. - Michigan Gov. Rick Snyder and Canadian oil transport company Enbridge Inc. announced an agreement Monday intended to boost the safety of twin oil pipelines beneath the waterway where Lakes Michigan and Huron converge. The deal does not call for the decommissioning of Line 5 as environmental groups have demanded, although it does include a procedure for temporarily halting the flow of oil through the 5-mile-long (8-kilometre-long) underwater segment when storms [Read more]
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