pétrole
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
Washington (AFP) - US Treasury Secretary Janet Yellen said Wednesday she was "optimistic" about the possibility of an international agreement to set a price limit on Russia's oil exports. "I'm really optimistic about the substantial progress that's been made by our teams and the entire G7 for making the price cap a reality," Yellen said. The US official met with her British counterpart, Chancellor of the Exchequer Nadhim Zahawi, and noted that "the United Kingdom has been a key ally in the G7's work to put in place a price cap on Russian oil." The leaders of the Group of Seven advanced nation...
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
Vienna (AFP) - The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure to significantly boost production as the Ukraine conflict has rocked prices. While OPEC refused to budge, the United States said it would tap its strategic stockpile by a record amount in a bid to cool soaring prices. The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries and 10 countries spearheaded by Russia backed an increase of 432,000 barrels per day in May, marginally higher than in previous month...
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
Lake Itasca (United States) (AFP) - Environmental activists and Native American protestors blocked construction of a controversial oil pipeline between Canada and the United States for several hours, with police arresting more than 160 demonstrators according to a nonprofit. To the cries of "Stop Line 3" and the sound of tribal drums, several hundred protesters, including actress and activist Jane Fonda, occupied the construction site in Lake Itasca, Minnesota, on Monday before being dislodged by the police. Built by the Canadian company Enbridge, the Line 3 pipeline takes oil from the tar san...
AFP
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