Fracking Mining News

EPA to scrap Obama-era rule limiting water pollution from coal-fired power plants

The move comes only five months after President Donald Trump signed an executive order undoing the previous Administration’s Clean Power Plan.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Another BHP investor pressing for oil spinoff, board shake-up

The miner faces another shareholder revolt as Australia’s Tribeca has joined calls by US activist investor Elliott Management for an exit from shale to free up capital.

BHP top shareholders step up pressure for oil spinoff

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

BHP brands Elliott's overhaul proposals as flawed, costly

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Trump signs executive order undoing Obama's clean power plan

He has instruct has ordered the Environmental Protection Agency (EPA) to review and rewrite it.

Trump’s energy policy to focus on boosting fracking, reviving coal sector

US President Donald Trump has outlined his goals in terms of energy and mining, leaving out specifics about how exactly he aims to achieve them.

US EPA says fracking can impact drinking water resources

The agency said such statement, however, cannot become a “national, systemic conclusion” about the impacts of the oil and gas extraction method.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

World’s No. 1 miner BHP Billiton put its money on oil and gas

The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.

Nova Scotia's proposed overhaul of mining rules met with criticism, demands

While the province says the proposed ruling will cut red tape, environmental groups claim it doesn't do enough to prevent mining on privately protected lands.

BHP takes largest-ever write-down on US shale operation

The world’s largest miner announced Friday a roughly $7.2 billion pretax charge against its U.S. onshore energy assets

NCPA publishes U.S. map of successful anti-fracking campaigns

Research shows campaigns to ban fracking are widespread.

BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

BHP Billiton to take a $2.8 billion write-down on US assets

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

First time ever: Gas overtakes coal in US power mix

Already battered by increasingly onerous regulations on pollution from power generation, U.S. coal miners are now suffering the impact of cheap natural gas on the industry.

Fracking has no 'widespread' impact on drinking water — EPA

But findings could have been limited due to insufficient amount of data and the presence of other possible contaminates that made it impossible to conclude fracking's effects on certain areas, says EPA.

Half of U.S. fracking companies will be dead or sold by the end of this year

Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.

Obama unveils long-awaited fracking rules

The updated regulations, in the works since 2012, set standards for wells and disposal of wastewater. They also require disclosure of chemicals used.

Nova Scotia to use fracking waste at cement plant

Five million litres of wastewater will be disposed at the Brookfield-based plant following a successful pilot project earlier this spring.

Kinder Morgan wins battle over pipeline expansion in Canada

The National Energy Board said Kinder Morgan can conduct survey work at Burnaby Mountain, despite opposition from the city.