Controversial Utah Tar Sands Mine “Put on Hold”
Every day the low oil price is causing more pain for the oil and gas industry and no company or region is immune from the damage being caused.
Read the latest insights and analysis from the experts at Oil Change International.
Every day the low oil price is causing more pain for the oil and gas industry and no company or region is immune from the damage being caused.
Oil giant BP sent shock-waves through the industry this morning with what has been described as a “jaw-dropping” loss.
There are many ways you can question the logic of the British Government’s pro-fracking push.
If a climate test were to be applied to this bill, there’s little doubt it would fail.
A proposed Bakken oil pipeline through New York State appears to be based on wishful thinking.
Some of the world’s best known oil companies, including Shell, BP, Statoil and Total, face the humiliation of having a ratings downgrade, the internationally respected ratings agency, Moodys, has warned.
Tesoro-Savage wants to build what would be largest oil by rail terminal in the country along the Columbia River, but we have the opportunity to stop them. And for me, this one's personal.
So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran.
It is not a Happy New Year for Big Oil, as the industry faces another daunting year of low oil prices, which could have a catastrophic impact on the US shale industry, amongst others.