Wednesday, January 8, 2025
New Orleans suing Energy Companies over Erosion - Oil & Gas 360

New Orleans Sues Energy Firms over Coastal Erosion

Suit says coastal land loss could cost the state more than $133 billion in lost capital From the Associated Press/FOX 8 The City of New Orleans is suing several oil and gas companies over coastal erosion. Mayor Latoya Cantrell on Friday announced the lawsuit, which alleges that pipeline work has caused massive damage to Louisiana’s wetlands and “threatened the safety

The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed

From Bloomberg It was a state secret and the source of a kingdom’s riches. It was so important that U.S. military planners once debated how to seize it by force. For oil traders, it was a source of endless speculation. Now the market finally knows: Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less

Wildcatters of the Prairies Get Big Boost From Alberta Oil Cuts

From Bloomberg One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers. Local wildcatters that pump light crude far from the giant oil-sands mines of northern Alberta are getting a big price boost from the curtailmentsannounced at the start of December, without the headaches. Many of them are exempt from the cuts and