Oil & Gas
Top stories summarized by our editors
12/9/2019

A small magma leak from the reservoir at Hawaii's Kilauea volcano caused the caldera to collapse during last year's eruption, which released lava and destroyed more than 700 buildings, researchers say. Similar drainage activity could be occurring at other volcanoes, they say.

12/9/2019

The Lemon Creek, Wolverine, Taku and Bear glaciers are among the Alaskan ice masses that melted at or near record-breaking levels in 2019, which may end up being the warmest year ever recorded in Alaska, scientists say. Meltwater from the glaciers -- some of which are losing ice at high altitudes -- is increasing scientists' concerns about sea-level rise.

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Reuters
12/6/2019

The digitalization and automation of the oil and natural gas industry is starting to disrupt roles, with tech workers and job titles such as data scientist, user experience designer and agile coach becoming ever more common as blue-collar jobs become obsolete. Companies like Enbridge and Baker Hughes are counting on tech pros to streamline operations and boost profits.

12/6/2019

The Environmental Partnership, an initiative to curb the oil and natural gas industry's methane emissions, entered its second year recently and now counts 70 companies among its members, up from 26 members initially. Program director Matthew Todd touted the partnership's achievements so far, including the release of its first annual report, and said one goal is to expand beyond the three performance areas the program currently focuses on.

12/6/2019

Shareholders of SemGroup on Thursday voted in support of Energy Transfer's bid to acquire the Oklahoma pipeline company in a deal worth $5 billion. The takeover will increase Energy Transfer's pipeline network with crude oil gathering assets as well as crude oil and natural gas liquids pipelines in Colorado's Denver-Julesburg Basin and Anadarko Basin of Oklahoma and Kansas.

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SemGroup
12/6/2019

An anticipated drop in Permian Basin activity will open a window of opportunity for producers in the Marcellus and Utica shales to meet demand for natural gas liquids after 2024, John Powell of Crestwood Equity Partners said at the Marcellus Utica Midstream Conference. Powell says the region has sufficient NGL pipeline capacity, but more fractionation capacity is needed.

12/6/2019

Oil production in Canada is expected to surge by almost 50% by 2040 to cross the seven-million-barrel-per-day mark despite weakening demand, according to the Canada Energy Regulator's energy outlook. Meanwhile, natural gas output will likely grow by more than 30% over 2018 levels to surpass 20 billion cubic feet per day, driven by the "potential for LNG exports," the CER said.

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CER
12/6/2019

The Environmental Protection Agency has proposed eliminating bonding requirements to cover potential pollution cleanups under the Superfund program for petroleum refiners and coke manufacturers. "After a thorough evaluation, EPA has determined that the petroleum and coal manufacturing industry's current practices, along with existing federal and state regulations, adequately address potential financial risks to the federal government and American taxpayer," EPA Administrator Andrew Wheeler said.

12/6/2019

Bits of material can be seen flying off the asteroid Bennu in new images released by NASA. The images were captured by the OSIRIS-REx spacecraft, which has been studying the asteroid for more than a year.

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Gizmodo
12/6/2019

Data company Oseberg has published a database of Permian Basin oil and natural gas land information covering four New Mexico counties in order to simplify and make records more accessible to companies. The database includes records from state and federal agencies, deeds, leases, assessments and other information.