BUCHAREST, Romania (AP) — Russian crude producer Lukoil says Romanian authorities have lifted a freeze on its assets and activity that was placed as a result of a probe into tax evasion and money laundering worth 230 million euros ($290 million).
Lukoil said Tuesday that its Petrotel refinery in Romania was preparing to resume operations after a court ruled that a freeze place last week on its bank accounts, assets and refining activities could be lifted. The probe, however, continues.
BUCHAREST, Romania (AP) — U.S. oil company Chevron says it has begun drilling for shale gas at its exploration well site in northeastern Romania, a project which has drawn protests from local residents.
The company said the drilling, which will probe to a depth of 4,000 meters (13,000 feet), started Tuesday after "safety and performance checks" had been completed and rock samples will be taken to determine if natural gas is present.
BUCHAREST, Romania (AP) — U.S. oil company Chevron says it has resumed exploration for shale gas in northeastern Romania a day after suspending work when hundreds of anti-fracking protesters tore down fences.
BUCHAREST, Romania (AP) — U.S. oil giant Chevron has resumed its search for shale gas in northeastern Romania amid ongoing opposition from local residents.
In October, Chevron suspended searching for shale gas in the village of Pungesti following protests in the capital and the local area against fracking.
The company said Monday its priority was to "conduct these activities in a safe and environmentally responsible manner." It gained permits to drill exploratory wells in Pungesti in October but halted activity after protests. On Monday, hundreds of police blocked a road to stop residents demonstrating.
BUCHAREST, Romania (AP) — Hundreds of Romanians opposed to shale gas extraction in their village on Wednesday scuffled with police at an exploration site where energy giant Chevron plans to start drilling.
Obama administration officials haven’t put “their money where their mouth is” to do research to develop viable clean coal technology, Sen. Joe Manchin, D-W.Va., told board members at The Herald-Dispatch.
Oil may have been removed from the beaches after a pipeline break near Santa Barbara last week, but operator Plains All American has been ordered by EPA to continue with the cleanup until the job is finished, the Los Angeles Times reports.
Oil prices rose early Thursday on the back of a weaker dollar, reversing a two-day slide. U.S. benchmark crude gained 30 cents to $57.81 a barrel in electronic trading on the Nymex, while in London Brent was 65 cents higher to $62.71, Reuters reports.
There won’t be any letup in the tough conditions for the oil industry, at least through the end of next year, according to the world’s number two offshore driller Seadrill, which foresees continued spending cuts, Reuters reports.
The East Texas Electric Cooperative held a groundbreaking ceremony Wednesday to mark the start of construction on a 24-megawatt hydroelectric plant at the Lake Livingston Dam, which is scheduled to be finished in 2018, FuelFix reports.
Walt Disney World will be getting some additional solar power after the local tax district it controls struck an agreement with Duke Energy to build a 5-megawatt solar farm, the Orlando Sentinel reports.
Environmentalists, concerned about the impact on solar projects, are speaking out against a measure passed by the North Carolina House that would freeze renewable energy targets the state set eight years ago, The Daily Tar Heel reports.