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Special Report - Depleted oil field is window into China's corruption crackdown

2014-12-19 02:45:30| Oil & Gas - Topix.net

In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. A subsidiary of China National Petroleum Corporation , PetroChina Daqing Oilfield, paid $85 million to pump from three blocks in the ageing Limau field under a 2013 contract with Indonesia's state-owned oil company, Pertamina, according to senior Chinese oil industry officials with knowledge of the transaction.

Tags: special report field window

United Kingdom: Prince Charles tells business leaders that nature's 'bank' is being depleted

2013-12-13 10:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The Prince of Wales has warned that the world is fast consuming its grandchildren's inheritance in the pursuit of short-term "untenable economic growth". Charles said the "bank" of the natural world was being depleted and was in the red, as he launched a network that aims to put environmental and social issues at the heart of corporate decisions. In a speech to senior business executives, he criticised those who ignored the evidence of climate change, saying the situation was like the moment...

Tags: business united kingdom united kingdom

California seeks to send water south via tunnel, restore depleted delta

2013-12-10 03:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: California pledged on Monday to restore 80,000 acres of the depleted Sacramento-San Joaquin River Delta as part of a massive project to send fresh water from mountain streams in the north to farmers and residents in the parched south. The $16 billion plan was released as the state struggles in what appears to be shaping up as its driest year on record, with some farmers and urban water districts promised just 5 percent of the water that they had requested for next year. The ambitious program...

Tags: send south water california