GGFR: Russia is No. 1 in world for flaring natural gas

      New satellite data shows a significant decline in natural gas flaring at oil production sites around the world in 2017, Kallanish Energy reports. The decline was about 5% and came while global oil production grew by a half-percent. That 5% drop begins to reverse years of increases in global flaring that started … Read more

Energy investment fell in 2017, IEA reports

The amount of money spent in the energy sector fell for a third straight year in 2017, raising concerns about the world’s ability to provide enough power and tackle climate change, the International Energy Agency reported Tuesday. Governments and businesses put $1.8 trillion into energy infrastructure, equipment and resources. That means global energy investment fell … Read more

Shell, Chevron get waivers from steel tariffs

Shell and Chevron are the first oil and gas industry players granted waivers from President Trump’s 25% tariff on steel imports, after the administration agreed the specialty steel they were importing isn’t manufactured in the U.S. The U.S. Commerce Department approved tariff exclusions for 2,760 tons of steel casing and production tubing Shell said it … Read more

U.S. delays drilling decision near national park

      The federal government last week delayed a decision on a proposal to allow oil and gas drilling near Great Sand Dunes National Park in southern Colorado, saying it first wants to consult with the Navajo Nation, which owns land in the area. The Bureau of Land Management had planned to sell drilling … Read more

Working-rig count in Lower 48 drops for 3rd straight week

      The number of rigs working onshore in the Lower 48 U.S. states during the week ended June 29, fell for the third consecutive week, data from oilfield services firm Baker Hughes, a GE company, reveals. Last week, the number of working rigs dropped to 1,016, down seven rigs from one week earlier. … Read more

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