energy industry News

How U.S. Plans to Protect Power Grid From Foreign Hackers

The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and the mostly private utilities that run the electrical system. The …

150 Years of Spills: Philadelphia Refinery Cleanup Reveals Toxic Legacy of Fossil Fuels

Wearing blue hard hats, white hazmat suits and respirator masks, workers carted away bags of debris on a recent morning from a sprawling and now-defunct oil refinery once operated by Philadelphia Energy Solutions (PES). Other laborers ripped asbestos from the …

Texas Oil/Gas Drilling Permits Down But Well Inspections on Track

The Texas state agency for regulating the oil and gas industry says it issued the number of original drilling permits issued in December 2020 was down nearly by half compared with December 2019. However, the Railroad Commission of Texas also …

Hurricane Laura Expected to Slam Energy Coast; On Track for $5-12B in Losses

Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of Covid-19. Laura’s winds will likely peak at 115 miles (185 …

Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks

In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of breath. Regulators responding …

Oil & Gas Companies Seek More D&O Insurance as Bankruptcies Loom

The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew insurance liability coverage for directors and …

As Demand Sinks Amid Pandemic, Texas Shale Producers Ask State to Cut Oil Output

Two Texas oil companies with large footprints in the West Texas oil patch have sent a letter to state regulators formally requesting an emergency meeting to consider reducing oil production as demand for oil around the world has collapsed during …

Employees Missing After Oklahoma Drilling Rig Fire

Drilling contractor Patterson-UTI said some of its employees were missing on Monday after a fire at one of its drilling rigs in Pittsburg County, Oklahoma. The company said it had activated its emergency response systems and was cooperating with first …

Coal Mining Company Proposes Turning Kentucky Mine Into Solar Farm

A former strip mine would be converted into a solar farm under a proposal announced Tuesday by an Appalachian coal company that says it wants to place hundreds of thousands of panels in the Kentucky mountains. The Berkeley Energy Group, …

Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service

Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. …