A deepwater wildcat in the western Black Sea off Romania has discovered an accumulation initially pegged at 1.5 to 3 trillion cu ft of gas whose commerciality isnââ¬â¢t assured, press reports said Wednesday.
A deepwater wildcat in the western Black Sea off Romania has discovered an accumulation initially pegged at 1.5 to 3 trillion cu ft of gas whose commerciality isnââ¬â¢t assured, press reports said Wednesday.
Crude oil costs and taxes are still bigger influences than refinery production and product exports in gasoline price increases, American Petroleum Institute Chief Economist John C. Felmy said.
Mitsubishi Corp. agreed to pay Talisman Energy Inc. $280 million for a stake in nine natural gas blocks in Papua New Guinea's onshore Western Province, subject to approvals by government and joint venture partners.
A Royal Dutch Shell PLC subsidiary has offered to buy Cove Energy PLC for $1.6 billion in a move that would mark Shellââ¬â¢s entry into Mozambique and Kenya. Cove also has holdings in Tanzania where Shell already has a presence.
Connacher Oil & Gas Ltd., Calgary, which last month disclosed a strategic review following key management changes, has delayed the planned expansion of its Alberta oil sands production project and named an interim chief executive officer (OGJ Online, Jan. 20, 2012).
Another refinery designed to produce diesel from Bakken crude oil is in prospect in the Williston basin.
The front-month contract for crude oil soared above $106/bbl in a late rally Feb. 21 in the New York market before closing slightly lower. Natural gas fell, however, ending a two-session resurgence.
Magellan Midstream Partners LP extended by a week the binding open season to solicit commitments from shippers to transport crude oil from Crane, Tex., to the partnershipââ¬â¢s East Houston terminal for further delivery to the Houston and Texas City-area refineries through Magellanââ¬â¢s distribution system.
Statoil has let a contract to Technip for work on what it calls the worldââ¬â¢s first subsea natural gas compression facility, to be installed in Asgard area in the Norwegian Sea.
Teak Midstream LLC is building more than 200 miles of natural gas gathering and residue delivery pipelines and an adjoining 200 MMcfd cryogenic gas processing plant in South Texas to transport and process Eagle Ford shale gas.
Nearly 2,000 attendees gathered for the Renewable Energy World Conference & Expo and Solar POWER-GEN Conference & Exhibition Feb. 14-16 in Long Beach, Calif.
A new report from Michigan Public Service Commission says that the cost of renewable energy is now less than coal in the state, in part due to Michigan’s Renewable Energy Standard.
Macpherson Energy Co. and DTE Energy Services (DTEES) said the Mt. Poso cogeneration plant has been completely converted to run 100 percent biomass fuel instead of coal, and is successfully delivering its full capacity of 44 MW of energy to the California grid.
The Florida Public Service Commission Feb. 22 unanimously approved an agreement that will increase the power bills of Progress Energy Florida customers.
The 102 MW Oaxaca II wind farm in Mexico has started operations.
Pacific Gas and Electric Co. has named Edward Halpin as its new Senior Vice President and Chief Nuclear Officer.
Phoenix Sky Harbor International Airport and SunPower Corp. on Feb. 22 dedicated a 5.4 MW SunPower solar power system.
Peabody Energy and GreatPoint Energy signed an agreement to develop coal-to-gas and coal-to-hydrogen projects in the U.S. and around the world with carbon capture and storage technology.
The Babcock & Wilcox Co. said its subsidiary, Babcock & Wilcox Power Generation Group Inc., has been selected as the environmental control technology provider for several of Luminant's coal-fired power plants.
Newfoundland-based Fortis Inc. agreed to buy New York utility CH Energy Group Inc. for about $1 billion in cash.
