production
Taft (United States) (AFP) - Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century. But he knows the state's ambitious environmental policies will put an end to the practice much sooner than that. Oil extraction "could continue for another 100 years," he told AFP. But it won't. "Twelve to 14 years" for his company at the rate things are changing, he says. California produces 311,000 barrels of crude oil every day, around 2.4 percent of all US production, making it the seventh largest producing state i...
AFP
Los Angeles (AFP) - The operators of a pipeline that leaked crude oil onto California beaches has agreed to plead guilty to environmental pollution charges and pay $13 million, these companies said Friday. Amplify Energy, a Texas company operating the pipeline off Huntington Beach, and two of its subsidiaries -- Beta Operating Co. and San Pedro Bay Pipeline Co. -- said they will admit to allowing oil to foul the waters off southern California in October last year. As part of plea agreements entered in federal court, they will pay a $7.1 million fine and hand over $5.8 million to compensate fed...
AFP
Houston (AFP) - "You get used to it. The walls shake," says Sam, a resident of Midland, a town in west Texas where hydraulic fracturing for oil and gas -- known as "fracking" -- is causing more and more earthquakes. "Then another tremor comes a second later, like a truck passing nearby," said the 44-year-old, who did not wish to disclose his last name. Echoing his words, three quakes rocked the ground in just one day on February 4. This region of the Permian Basin, from which 40 percent of US oil and 15 percent of its gas are extracted, experienced nine earthquakes greater than three-magnitude...
AFP
Los Angeles (AFP) - The operators of a California pipeline that leaked crude oil onto beaches south of Los Angeles in early October were charged Wednesday with negligence by federal prosecutors. The charges were leveled against Amplify Energy, a Texas company operating the pipeline off Huntington Beach, and two of its subsidiaries -- Beta Operating Co. and San Pedro Bay Pipeline Co., according to the prosecutor's statement. The authorities accuse them of not having reacted appropriately to alarms warning of the leak, which sounded eight times over a period of 13 hours. Despite the alarms, th...
AFP
New York (AFP) - A boost in production agreed on by the world's leading oil producers is "simply not enough" to fuel the global economic recovery from Covid-19, US national security advisor Jake Sullivan said Wednesday. The increases agreed on by OPEC+ (the Organization of the Petroleum Exporting Countries and allies) last month "will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022," he said in a statement released by the White House. "At a critical moment in the global recovery, this is simply not enough," the statement said. "Competitive...
AFP
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