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"Refracking Is the New Fracking"

Drilling companies see further profits and longer well life in reworking the wells that have been producing hydrocarbons from hydraulic fracturing in horizontal well bores.

Source: Bloomberg, 07/08/2015

"One of Shell’s Arctic Drilling Ships Hits a Snag"

"In another setback for Shell Oil’s summer Arctic drilling plans, a ship headed for the Shell prospect in the Chukchi Sea off northwest Alaska was forced to return to Dutch Harbor Friday after a hole was discovered in its hull."

Source: ENS, 07/08/2015

"BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill"

"NEW ORLEANS — An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement — and the largest civil settlement with any single entity — in the nation’s history, officials said Thursday.

Source: NY Times, 07/03/2015

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