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.
The Environmental Protection Agency’s practice of counting health co-benefits in justifying its regulations was not addressed in the Supreme Court ruling on EPA’s Mercury and Air Toxics Standards, intensifying debate over the practice, E&E reports.
Environmental groups including the Natural Resources Defense Council, Environment America, and 350.org are dismissing TransCanada’s argument that Canada's global warming commitments and Alberta's higher carbon tax should ease concerns about the climate impact of the Keystone XL pipeline, The Hill reports.
An unexpected report of a jump in crude stockpiles sent oil prices sliding back down to April levels Wednesday. U.S. benchmark crude plunged $2.51, or 4.2 percent, to settle at $56.96 a barrel on the Nymex, while Brent dropped 2.5 percent to $62.01, The Wall Street Journal reports.
Royal Dutch Shell’s Appomattox field in the Gulf of Mexico will get a deepwater platform, after the company cut costs enough so the project will be profitable as long as world crude oil prices remain above $55 a barrel, FuelFix reports.
A new report says that, while layoffs eased in May and June as crude oil prices stabilized, last winter's price collapse led to the country's biggest number of planned job cuts over six months since 2010, FuelFix reports.
Treating and recycling drilling wastewater offers the potential to address Oklahoma’s problems with earthquakes and drought, the state’s Energy and Environment Secretary Michael Teague told a forum of the Western Governors’ Association recently, E&E reports.
Legislation under consideration in the Pennsylvania legislature would stop drillers from deducting costs that push royalty payments to landowners below a minimum set in a 1979 law, the Pittsburgh Post-Gazette reports.
The U.S. Fish and Wildlife Service is sticking with its designation of the gray wolf as endangered, despite some congressional opposition and a petition from the Humane Society requesting that the animal be reclassified as threatened, The Hill reports.