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Montevideo, September 24th 2018 - 23:38 UTC

Tag: California

  • Wednesday, March 7th 2018 - 09:36 UTC

    US shale oil output surge set to influence world market in next five years

    Non-OPEC production is set to rise 5.2 million bpd by 2023 to 63.3 million bpd. Shale oil production will account for over half of the world's output growth

    United States shale oil output is set to surge over the next five years as drillers recover rapidly from a three-year slump, the International Energy Agency said, sharply upgrading its previous growth forecasts. A landmark deal in 2017 between OPEC and other oil producers including Russia to curb output in order to battle a global glut materially improved the outlook for other producers as oil prices rose sharply throughout the year, the IEA said.

  • Friday, August 21st 2015 - 06:17 UTC

    California sinking as pumping groundwater continues in response to historic drought, says NASA

    “Because of increased pumping, groundwater levels are reaching record lows -- up to 30 meters lower than previous records,” said Mark Cowin.

    California's Department of Water Resources released a new NASA report showing land in the San Joaquin Valley is sinking faster than ever before, nearly 5 centimeters per month in some locations, as Californians continue pumping groundwater in response to a historic drought.

  • Saturday, May 24th 2014 - 00:37 UTC

    The California shale bubble just burst

    Santa Cruz county and Los Angeles banned fracking

    The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96%. Its previous estimate pegged the recoverable resource in California’s shale formation at 13.7 billion barrels but it now only thinks that there are 600 million barrels available.

  • Wednesday, January 15th 2014 - 07:11 UTC

    New EPA rule requires chemical disclosure for offshore fracking

    Governor Jerry Brown does not support a ban on fracking and insists the new law is rigorous.

    By. Nick Cunningham of Oilprice.com - The U.S. Environmental Protection Agency published a rule on January 9, 2014 requiring oil and gas companies using hydraulic fracturing off the coast of California to disclose the chemicals they discharge into the ocean. Oil and gas companies have been fracking offshore California for perhaps as long as two decades, but they largely flew under the radar until recently.