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'Drill baby drill': Oil climbs above $65 for first time in more than three years
West Texas Intermediate crude oil climbed above the $65 mark for the first time in more than three years on Wednesday.The benchmark is important because it is considered a 'break-even' price for...
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The surge in Texas earthquakes is 'almost certainly' because of oil and gas...
Oil production is not only triggering earthquakes in Texas today, it was rattling the state as early as the 1920s.Researchers at the University of Texas looked back at the history of the state's...
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EXPERT: Oil will hit $85 by the end of the year
Oil prices could surge above $85 a barrel by the end of this year, according to analysis by Michael Rothman, considered to be one of the most astute oil experts on Wall Street, CNBC reports.Rothman...
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Oil companies are missing out on a great opportunity
Among stock market investors there is often no more welcome news than the news of an acquisition or buyout of a company the investor owns. Those buyouts usually come with a hefty premium attached –...
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How one company plans to overtake ExxonMobil and return to the top of the oil...
Ben Van Beurden, Chief Executive Officer of Royal Dutch Shell has laid out an ambitious plan to overtake ExxonMobil as the number one oil company in the world.Prior to the 1990s, Shell was the leader...
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OPEC countries are feeling the heat from plummeting oil revenue
OPEC lost $349 billion in revenue last year because of low oil prices, cutting revenues almost in half from the year before.A report from the EIA in mid-June estimated 2015 revenues for OPEC countries...
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Oil could crash to $10 a barrel
Few expected oil prices to crash below $30 per barrel earlier this year, but that is just what they did. Now that oil is back up near $50 per barrel, the worst is over…right?Not everyone thinks so....
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Ecuador drills the first barrel of oil in a pristine corner of the Amazon...
Ecuador has started drilling the first oil from Yasuní National Park, a pristine corner of the Amazon rainforest.Vice President Jorge Glas toured the site with reporters on September 7 as state oil...
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The BP oil spill and NASA’s Challenger disaster have an important factor in...
About 40 minutes into the new movie Deepwater Horizon, there is a scene in which crew member Jimmy Harrell is suddenly called into the dining area on the floating drilling platform of the same name....
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Dakota pipeline operator says it will not stop construction on Native...
The Dakota Access pipeline operator chose the day of the US presidential election to announce that the final phase of its controversial construction project will begin in two weeks – marking a bold...
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Trump may open up a major part of America's oil and gas industry that has...
Much has been made about President-elect Donald Trump’s plans to dismantle environmental regulations and streamline regulations that could lead to the construction of more pipelines. But there are a...
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Obama permanently bans new gas, oil drilling off Alaska, part of Atlantic shore
U.S. President Barack Obama on Tuesday permanently banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in one of his last environmental pushes before he leaves office...
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Here’s what Obama’s ban on arctic oil drilling actually means
In one of the final and most dramatic environmental actions of Barack Obama’s time in office, the president banned new oil and gas drilling in nearly all US waters in the Arctic Ocean.On December 20,...
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New drilling technology will create an explosion of oil
Energy stocks have been tearing higher since the election on bets that the Trump administration will relax environmental restrictions and open more federal lands to oil and gas drilling. Crude oil’s...
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The Trump administration may be one of the most oil-friendly in history
It’s now clear to nearly everyone that U.S. President Trump intends to seek warmer U.S. relations with Russia, while putting China and Iran relations in the deep freezer. Trump has made no secret of...
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Vietnam pushes back after threats from Beijing over drilling in the South...
HANOI (Reuters) - Vietnam on Friday said other countries should respect its legitimate right to drill for oil in its waters amid growing tension with China over energy development in the South China...
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Parts of Oklahoma now have the same earthquake risk as California — and a new...
Oklahoma is being pummeled by earthquakes, a phenomenon scientists have strongly tied to wastewater injection and the practice of fracking.A new study highlights just how strong that connection is....
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Scientists just drilled the deepest hole ever in western Antarctica, going 2...
A team of British scientists has successfully drilled the deepest hole ever in Western Antarctica.The hole is about 2.1 kilometers deep— about four times taller than the Sears Tower.It took an...
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In a hidden lake far below the Antarctic ice, scientists found the bodies of...
Scientists recently drilled 3,500 feet deep into the Antarctic ice to the subglacial Lake Mercer —a lake that had been untouched for thousands of years.They pulled up samples of water, ice, and lake...
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A federal judge threw out Trump's executive order and restored an Obama-era...
A federal judge struck down one of President Donald Trump's executive orders, and restored an Obama-era ban on offshore drilling in certain parts of the Arctic Ocean.The bans were a key part of former...
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