Remove tag oil-and-gas
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How The Fracking Revolution Is Killing the U.S. Oil and Gas Industry

DeSmogBlog

oil and gas industry is having to deal with years of losses and falling asset values which has dealt the industry a serious financial blow. This is despite the fracking revolution delivering record oil and gas production for the past decade, peaking in 2019. Read time: 16 mins After over a decade of the much-hyped U.S.

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U.S. Public Facing Huge Bill to Clean Up After Oil and Gas Industry

DeSmogBlog

million unplugged oil and gas wells, according to Billion Dollar Orphans, a new report from London-based think tank Carbon Tracker. million undocumented orphan oil and gas wells. Tags: orphan wells abandoned oil wells Carbon orphaned well

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Hurricane Laura’s Aftermath: Miles of Oil Sheen in Louisiana’s Wetlands

DeSmogBlog

Read time: 8 mins Almost a week after Hurricane Laura struck Louisiana's coast , which is studded with oil and gas industry pipes, tanks, wells, and rigs, I photographed from the sky oil sheen along at least 20 miles of marsh and bayous that absorbed the full strength of the storm.

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Big Banks Pull Financing, Prepare To Seize Assets From Collapsing Oil and Gas Industry

DeSmogBlog

Read time: 6 mins The finances of the oil and gas industry are so dismal that the major banks that have funded the money-losing fracking boom are now exploring taking the unusual step of taking over the oil companies that can not afford to pay back the bank’s loans. Tags: fracking finance Big Banks

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'Disaster Capitalism at its Worst': Report Details Big Oil's Efforts to Cash in on Coronavirus

DeSmogBlog

Recent lobby filings from major oil and gas paint a picture of “disaster capitalism at its worst.”. So declares a report released Tuesday, May 12 by Friends of the Earth ( FOE ) showing how Big Oil is working to make sure the legislative response to the coronavirus crisis is beneficial to the industry.

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Industry Infighting as Oil and Gas Seek Government Help

DeSmogBlog

The oil and gas industry has been no exception, but some of the proposed initiatives are dividing the industry. Tags: coronavirus natural gas prices oil bailout Harold Hamm low oil prices Strategic Petroleum Reserve

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Racism and Discrimination in the Oil and Gas Industry

DeSmogBlog

Read time: 10 mins With the recent focus on systemic racism in America, the oil and gas industry is depicting itself as leading on the issue of diversity in the workforce. Tags: racism sexism discrimination oil and gas industry