Reduction

H&P Reduces Capex, Sees Rigs, Revenue Days Declining

H&P Reduces Capex, Sees Rigs, Revenue Days Declining

Tulsa-based Helmerich & Payne Inc. (H&P), which warned in July that Lower 48 drilling still had room to decline, has reduced its capital spending through the rest of the year.

September 5, 2019
Low-Carbon Transport Fuels Could Cut CO2 Emissions 29% by 2030, Study Says

Low-Carbon Transport Fuels Could Cut CO2 Emissions 29% by 2030, Study Says

If aggressively implemented, a combination of low-emission alternative fuels and efficiency advances could reduce carbon dioxide (CO2) emissions in the transportation sector by 29% by 2030, a study by a Boston-based research firm said.

April 28, 2016
Low-Carbon Transport Fuels Could Cut CO2 Emissions 29% by 2030, Study Says

Low-Carbon Transport Fuels Could Cut CO2 Emissions 29% by 2030, Study Says

If aggressively implemented, a combination of low-emission alternative fuels and efficiency advances could reduce carbon dioxide (CO2) emissions in the transportation sector by 29% by 2030, a study by a Boston-based research firm said.

April 28, 2016

Halliburton Laying Off 5,000 More People

Halliburton Co., in survival mode as oilfields are shunned worldwide, is sending another 5,000 people home, slashing its workforce by another 8%, the company confirmed on Thursday.

February 25, 2016
Oklahoma Quakes Lead to Largest-Ever Drilling Wastewater Cutback in Arbuckle Formation

Oklahoma Quakes Lead to Largest-Ever Drilling Wastewater Cutback in Arbuckle Formation

Oklahoma regulators on Tuesday implemented the largest volume reduction plan yet for oil and natural gas disposal wells in the Arbuckle formation in the western part of the state, which covers 5,281 square miles and 245 disposal wells. Meanwhile, the Sierra Club is suing Chesapeake Energy Corp., Devon Energy Corp. and New Dominion LLC for triggering quake activity in Oklahoma and Kansas.

February 17, 2016

Oilfield Service Companies Bearing Brunt of Falling Crude Prices, According to Survey

Since the start of the year, almost half of the privately held oilfield service company owners in the United States have seen their work volumes slump by more than 25%, and nearly 60% are bracing for more reductions, according Citadel Advisory Group.

September 15, 2015

Natural Gas Flaring a Global Concern, Says World Bank Report

A small increase in natural gas flaring worldwide was detected in 2011, the most recent year for which statistics are compiled, and that increase concerns officials at a World Bank-led global partnership focused on the oilfield issue.

September 6, 2013

Moniz Urges Making the Best of Fossil Assets Until Renewables Ready

Responding to multiple questions from a New York audience Monday on issues surrounding natural gas production, Energy Department Secretary Ernest Moniz said the fuel is both “part of the problem” and “part of the solution,” and it has a strong role to play in underpinning the U.S. economy.

August 27, 2013

Energy Permitting, Leasing to Feel Sequestration Pain

The across-the-board budget sequestration cuts, which began in March, will result in a considerable reduction in the number of oil and natural gas permits processed and leases issued annually, according to a new report by Democrats on the House Appropriations Committee Wednesday.

May 16, 2013

Less Drilling, but Pennsylvania NatGas Output Up 69%

The U.S. Energy Information Administration (EIA) said last week natural gas production in Pennsylvania increased 69% in 2012, despite a reduction in drilling activity.

March 25, 2013
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