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Al Gore: 'Arctic drilling is insane'
Former vice president and activist Al Gore lambasted President Barack Obama's environmental policy Thursday, particularly the decision to allow exploratory wells to be drilled in the Arctic, which he...
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Russia is making a huge investment into an Arctic surveillance system
Russia increased its attempts to stake a claim over a large portion of the Arctic Ocean when it announced plans to set up a $93 million dollar monitoring system in the region by 2025, the security...
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The risk of deepwater drilling
The Big Foot oil development deep in the Gulf of Mexico (GoM) was supposed to be a tangible sign that the area had moved back to normal after the Deepwater Horizon disaster a few years ago.It was also...
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The US just gave Shell the final okay to drill in the Arctic
The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green...
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Shell president: 'Oil will be required for a long time'
ANCHORAGE, Alaska (AP) — The president of Shell Oil Co. said Tuesday exploratory drilling off Alaska's northwest coast is going well despite stormy weather last week that caused the company to halt...
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The dark side of the drilling boom is becoming clearer
CROSSROADS, N.M. (AP) -- Carl Johnson and son Justin are third- and fourth-generation ranchers who for decades have battled oilfield companies that left a patchwork of barren earth where the men graze...
View ArticleShell is giving up on its Arctic drilling plan after spending $7 billion
Shell is giving up on its Arctic endeavor, and it's a huge win for environmentalists.Story by Tony Manfred. Editing by Adam Banicki.Follow INSIDER:On FacebookJoin the conversation about this story »
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The Obama administration just made a major reversal on its drilling policy
In a major reversal, the Obama administration says it will not allow oil drilling in the Atlantic Ocean.Interior Secretary Sally Jewell made the announcement Tuesday on Twitter, declaring that the...
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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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