BUCHAREST, Romania (AP) — A Romanian court has rejected an appeal by the general manager and six executives of a subsidiary of Russian oil company Lukoil who have been indicted on tax evasion and money laundering charges.
The Court of Appeal in Ploiesti dismissed the appeal made by general manager Andrey Bogdanov, a Russian citizen, and six Romanian and Russian managers at the Petrotel Lukoil refinery against their indictment. The decision was published Wednesday.
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.
A group of 13 states led by North Dakota is pressing for a federal judge's injunction against the Environmental Protection Agency's Clean Water Rule to take effect nationwide after the agency said it would enforce the rule in states not involved in an initial lawsuit, The Hill reports.
Sen. Michael Bennet, D-Colo., said he's willing to support ending the Commerce Department ban on crude oil exports if the policy change is accompanied by other actions to promote clean energy and address climate change, FuelFix reports.
Wisconsin Gov. Scott Walker, a Republican presidential hopeful, told voters in San Antonio that the U.S. should behave like an "energy rich country" and lift the ban on crude exports, the San Antonio Business Journal reports.
White House Senior Adviser Brian Deese has spearheaded the Obama administration's climate agenda during his first six months on the job, and plans to play an active role in upcoming budget battles with Congress and December's United Nations climate talks in Paris, E&E reports.
A new report from Citigroup says that large natural gas discoveries in Egypt and Iran could reduce demand for liquefied natural gas in the Middle East, limiting opportunities in the market for U.S. producers looking to export, Bloomberg reports.
Gas stations are an increasingly tempting target for credit card information thieves and other fraudsters, The Wall Street Journal reports, prompting both the credit card and fuel industries to move more quickly on defensive actions.
French state-owned nuclear company EDF announced it would delay construction of a next-generation nuclear plant in Flamanville for another year, citing a new increase in cost, The Financial Times reports.
The Australian Competition & Consumer Commission will delay until Sept. 17 its decision to approve or reject Shell's proposed takeover of U.K.-based BG Group; the deal was approved by the European Commission on Wednesday, The Wall Street Journal reports.