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.
BUCHAREST, Romania (AP) — Romania's prime minister predicted Monday that Parliament will reject plans for Canadian-run gold mine following large protests over the cyanide used in its extraction process.
Romania's new left-leaning government has pledged a moratorium on shale gas exploitation and will review a controversial Canadian plan to build Europe's largest open-cast gold mine.
Prime Minister-designate Victor Ponta also said he will respect commitments to the International Monetary Fund and increase public sector wages that were slashed by 25 percent in 2010 to meet the terms of a €20 billion($26 billion) IMF-led loan.
The controversial Waters of the U.S. rule has won approval from the Environmental Protection Agency’s Science Advisory Board, in a review released Thursday that said the proposed measure had “strong scientific support,” according to The Hill.
Reports that Saudi Arabia supplied less oil to the global market in September than it did the month before helped to push oil prices higher Thursday. West Texas Intermediate crude for December delivery jumped 2 percent, gaining $1.57 to settle at $82.09 on the Nymex, while in London Brent crude picked up $2.12 to finish at $86.83, Bloomberg reports.
Companies that provide equipment and services for oil drillers could lower their fees to maintain market share in the face of falling crude prices, Occidental CEO Stephen Chazen told a conference call Thursday, following an announcement that his company’s profits dropped 24 percent in the third quarter, Bloomberg reports.
Already a big wind farm operator, Warren Buffett could push his investment into renewables up to $30 billion as he continues pouring more money and looking for more acquisitions for Berkshire Hathaway Energy, The Wall Street Journal reports.
Michigan’s clean energy production -- encouraged by the 2008 Clean, Renewable and Efficient Energy Act -- is dominated by wind power, according to a brief from the Pew Charitable Trusts, MLive.com reports.
Stanford University professor Rosemary Knight is using electrical resistivity tomography, or ERT, to study the extent to which salt water has been replacing fresh water that’s pumped out of the ground for drinking and agriculture along the central California coast, E&E reports.
During Wednesday night’s gubernatorial debate in New York, Gov. Andrew Cuomo said the study on the health impacts of fracking, which was started back in 2012, should be completed before the end of the year, WIXX reports.
With workers on strike at French nuclear power plants -- which are all operated by EDF -- the country had to import electricity instead of exporting it, as capacity was cut by 6.5 gigawatts early Thursday, Platts reports.