Hazardous Oil and Gas Waste Poses Risks to New Mexico’s Lands, Rivers, and Agriculture
Toxic oil and gas waste threatens New Mexico lands, rivers, and crops Half-filled above ground produced water tank with oily sludge. The smell from this tank was overwhelming, a very strong diesel-like hydrocarbon smell. These tanks, which are used to provide water to drilling and fracking operations in the Permian Basin, are scattered across the […]
Industry Risks NGL Overexpansion Amid Slowing Growth
Industry Risks NGL Overbuild as Growth Slows US NGL infrastructure has quietly transitioned from tight to overbuilt. While production continues to grow, the pace has moderated significantly following ‘Liberation Day’ and a softer WTI price environment. Permian NGL takeaway capacity, once a constraint, now exceeds demand by a wide margin. Total pipeline capacity nears 5.5 […]
Oil and Gas Drilling Expected to Hit 10-Year Peak, but Trump Tariffs Present Risks
Oil and gas drilling projected to reach 10-year high but Trump tariffs pose threat Canada’s oil and gas well drilling sector is poised to employ more people next year than it has in a decade, but the job growth could be derailed if president-elect Donald Trump makes good on his tariffs threat. The Canadian Association […]
Backing Petroleum: bp’s Shift in Strategy Poses Risks for Climate and Investors
Backing Petroleum: bp’s transition U-turn is bad for the climate and investors This week, reports[i] have emerged of bp’s CEO Murray Auchincloss latest U-turn regarding bp’s transition strategy: the company has scrapped its previous relatively ambitious target of reducing oil and gas production by 25% by 2030 (vs 2019). Bp had made some headway towards […]