Saudi Arabia announced plans to build seven test wells for shale-gas drilling, an early move to develop the kingdom's estimated 600 trillion cubic feet of unconventional natural gas resources, Bloomberg reports.
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural The Houston-based company said in its weekly report Friday that 1,341 rigs were actively exploring for oil and 431 for gas. Four were listed as miscellaneous. A year ago, Baker Hughes counted 1,984 working rigs.
BEIJING (AP) — Italian oil producer ENI says it has sold a 20 percent stake in a gas field in Mozambique in southern Africa to China's biggest state-owned energy company for $4.2 billion.
Energy companies have invested more than $1 billion in new infrastructure, transportation and field offices to prepare for a new surge of natural gas production in Ohio, The New York Times reports.
Japan Oil, Gas and Metals National Corp said it was successful in the first-ever attempt to extract gas from frozen methane hydrate off the coast of Japan, the first step in its goal of achieving commercial production by 2019, Reuters reports.
PARIS (AP) — French energy group Total says it is slowly restarting gas production in an area of the North Sea where a well sprang a leak nearly a year ago.
Several companies are looking to develop shale gas drilling operations in Georgia, the most exploration in the state in 30 years, The Atlanta Journal-Constitution reports.
Japan is set to start the world's first drilling operation designed to extract frozen natural gas underneath seabeds 31 miles off the mainland's coast, Bloomberg reports.
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. dropped by five this week to 1,752.
House Majority Whip Kevin McCarthy, R-Calif., said the House Energy Action Team has discussed renewable energy as part of energy legislation that could attract Democratic support, National Journal reports.
Rep. Lois Capps, D-Calif., and other Democrats introduced a bill that would require the federal government to develop a strategy to respond to the health risks of climate change, The Hill reports.
Republican lawmakers sent a letter to Acting EPA Administrator Bob Perciasepe comparing the agency's information request procedures to the IRS's targeting of conservative groups, The Hill reports.
European Union Energy Commissioner Guenther Oettinger said the EU would review the potential risks and benefits of hydraulic fracturing this year, Reuters reports.
Federal plans to rebuild shorelines demolished by Hurricane Sandy have high costs, could threaten the environment and have high upkeep costs, The New York Times reports.
Though water supplies are plentiful, the surge of hydraulic fracturing in North Dakota has prompted a battle between water providers and a government-back cooperative over who should supply water for the process, Reuters reports.
The Massachusetts Institute of Technology's experimental study of nuclear fusion as an energy source will close within a year after a cut in federal funding, The Boston Globe reports.
Environmental activists called on Organizing for Action, the political group built from President Obama's campaign, to press the administration against approving the Keystone XL pipeline, Politico reports.
