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“Unconventional oil and natural gas operations release large amounts of reproductive, immunological, and neurological toxicants, carcinogens as well as endocrine disrupting chemicals (EDCs) into the environment that may negatively affect human health.” ( 37 more words


Fascinating chart showing the breakeven costs of oil. Canada looks in trouble on this chart and you can see why the Saudis are so comfortable letting the oil price collapse – hurts US shale industry which has the second highest cost price and Russia too.



Global and China D40 Solvent Oil Industry 2014 Market Research Report - QY Research

Research Report on Global and China D40 Solvent Oil Industry 2014 Market Research Report. The Report includes market price, demand, trends, size, Share, Growth, Forecast, Analysis & Overview. 76 more words


€25m for ‘robotic solutions’ in oil and gas

Well tractor. Image: Welltec

An oilfield services company in Denmark has been given a €25 million (£19.8m) loan by the European Investment Bank (EIB).

Welltec will use the cash to develop advanced robotic solutions that can be used in the oil and gas development and production phases such as well completions to avoid the need for heavy-duty conventional equipment. 73 more words


Lower Oil Prices: A Slippery Slope?

OPEC announced recently that it would not cut its oil production, which accelerated an enormous drop in oil prices.

While lower gas prices at the pump and a boost to the economy are generally welcome, we shouldn’t celebrate this time. 784 more words


Obama slams Keystone Pipeline

Speaking at his end-of-the-year press conference on Friday afternoon, President Barack Obama sounded very much like he’s poised to reject the Keystone XL pipeline. He gave his sharpest assessment to date of its potential costs and benefits—lots of costs and few benefits. 545 more words