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Hoping for a Price Surge, Oil Companies Keep Wells in Reserve

2015-12-25 22:03:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The price of oil keeps dropping. But that didnt stop a work crew from drilling a well recently on what was once a cornfield, carefully guiding the last sections of 13,000 feet of pipe spiraling into the hard Niobrara shale with a diamond-tipped bit. Their well, one of hundreds drilled by Anadarko Petroleum in eastern Colorados Wattenberg field this year, could someday gush as many as 800 barrels of crude oil a day. But Anadarko is not planning to produce a drop of crude from the well for at...

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Christmas gift to the planet: massive rainforest reserve created in Borneo

2015-12-24 07:06:22| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Christmas has come early for some of the planets most endangered animals: the Malaysian state of Sabah has established a 68,000-hectare rainforest reserve that houses orangutans, elephants, and clouded leopards, among countless other species. The decision was announced today by the Rainforest Trust, an NGO that raised money to support the designation of a logging concession as a Class I Forest Reserve. Although the area was heavily exploited for timber, Kuamut Forest Reserve nonetheless serves...

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MSC Cruises to develop private marine reserve in Bahamas

2015-12-18 01:00:00| Ship Technology

MSC Cruises is to develop a private marine reserve in the Bahamas with an investment of around $200m.

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What to Watch Wednesday: Federal Reserve Statement, FedEx Earnings

2015-12-16 02:48:08| Air Courier - Topix.net

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W&T Offshore discovers deepwater hydrocarbon reserve in Gulf of Mexico

2015-12-16 01:00:00| Offshore Technology

W&T Offshore has discovered a significant hydrocarbon reserve at the Ewing Banks 954 A-8 exploratory well in the Gulf of Mexico.

Tags: mexico reserve gulf offshore

 

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