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Arctic drilling inevitable: if we don't find oil, then Russia will
2014-09-07 21:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: Forget the North Sea and the Middle East, it is the frozen oceans of the Arctic which are the next great frontier that big oil companies plan to exploit over the coming 15 years. The Arctic region, which crosses several national boundaries including Russia, Alaska, Norway and Greenland, is thought by energy consultants Wood Mackenzie to hold an estimated 166bn barrels of oil equivalent in terms of reserves. That's more petroleum and gas than Iran holds and enough to meet two-thirds of the world's...
Virginia agencies to coordinate review process for oil and gas drilling permits
2014-09-04 20:37:33| Waste Management - Topix.net
Gov. Terry McAuliffe recently announced two Virginia agencies have signed an agreement to coordinate environmental reviews of potential permits for oil and gas drilling in the Coastal Plain that includes Tidewater.
Residents worry urban drilling will turn downtowns into oil towns
2014-09-04 14:41:47| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: Dawn Gioia lives just two blocks away from City Hall in Brighton, Colo., just north of Denver. She never expected to receive a thick envelope from Mid-Con Energy in the mail, proposing she sell mineral rights for oil and gas drilling. At first, she thought it was a scam. "One of these forms asks you for all your tax information and Social Security numbers, so that was something that sort of caught me off guard," she says. The packet also included a lease for her mineral rights. The terms...
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An oil drilling platform of PetroVietnam in the country's East Sea. Photo courtesy of PetroVietnam
2014-09-04 07:41:52| Oil & Gas - Topix.net
OAO Rosneft head Igor Sechin met with the chairman of Vietnam Oil & Gas Group to discuss cooperation in refining as the Russian oil producer looks at adding fields off the Asian country's southern coast. Sechin and Nguyen Xuan Son, the chairman at Vietnam Oil & Gas, met in Moscow and talked about possible joint exploration, output and refining projects, Rosneft said today in a statement on its website.
Oil and Gas Drilling Raise Electricity Prices in West Texas
2014-09-04 01:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Scientific American: In July 2012, Frontier Texas, an Old West museum located in Abilene, received an electric bill nearly $4,000 higher than expected. Oddly enough, the museum hadnt used an unusual amount of power that month. Rather, the cause of the high bill was the fact that Abilene lies in Texass western power trading zone, which happens to be home to the Permian Basin, the nations most prolific oil-producing region. How is oil development raising electricity prices in West Texas? It all has to do with congestion...
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