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A Closer Look at Obama's Plan to Pay for Energy Research With Drilling Fees

2013-03-19 19:05:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: As was discussed here last Friday, President Obama has proposed using a tiny portion of federal revenues from offshore oil and gas production to build an "Energy Security Trust" to pay for the kinds of tough or longer-term energy research projects that the private sector tends to neglect. (A White House explanatory graphic is here.) Below you can read an excerpt from an Energy Collective post in which Obama`s funding plan is dissected by Jesse D. Jenkins, a writer at the blog and graduate student...

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BNK Petroleum Inc. Announces Sale Of Woodford Assets, Accelerates Caney Drilling

2013-03-18 17:20:00| OGI

Subject to completion of customary conditions, the transaction is expected to close in late April.

Tags: sale assets announces petroleum

 
 

Russia Adopts Texas Drilling to Revive Soviet Oil Fields: Energy

2013-03-18 14:55:00| Oil & Gas - Topix.net

Fracking isn't just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields.

Tags: energy texas fields oil

 

Russia Adopts Texas Drilling to Revive Soviet Oil Fields: Energy

2013-03-17 23:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Fracking isnt just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields. TNK-BP, Russias third-largest producer, will use hydraulic fracturing combined with horizontal drilling in almost half the wells it sinks this year, a sixfold increase in just two years, the company said. OAO Rosneft (ROSN), OAO Lukoil (LKOH) and OAO Gazprom Neft have similar plans. So-called fracking, the process of blasting oil from...

Tags: energy texas fields oil

 

Diamond Offshore Drilling: Brazil, Pre-Salt And Growth

2013-03-17 10:12:52| Oil & Gas - Topix.net

Over the next 10 to 15 years Brazil is looking to evolve itself from energy importer to energy exporter.

Tags: growth brazil diamond offshore

 

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