CHISINAU, Moldova (AP) — A Moldovan government official says work on a pipeline that will transport natural gas from Romania to the Moldovan capital will begin next year.
The pipeline, which is expected to become operational in May 2018, will help lessen the former Soviet republic's dependency on Russia. It is an extension of one running from the northern Romanian city of Iasi to Ungheni, a Moldovan town near the Romanian border.
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 unified legislative response” is needed to address the complex issues surrounding the West’s drought problem, Energy and Natural Resources Committee Chairman Sen. Lisa Murkowski, R-Alaska, said at a hearing Thursday, E&E reports.
For the second time, FutureGen Industrial Alliance is trying to get its Illinois clean coal project revived, and has engaged former Sen. Mary Landrieu to lobby to restore federal backing, The Hill reports.
Oil prices gained 9 percent on the week after holding relatively steady Friday. Light, sweet crude for November delivery finished 20 cents higher to settle at $49.63 a barrel on the Nymex, while in London, Brent lost 40 cents to $52.65, Dow Jones reports.
Oil prices may be rebounding but it will take time for demand to pick up again, Bernard Deroc-Danner, chief of oil field services company Weatherford International, told The Wall Street Journal, as he defended the firm’s job cuts.
Google's Nest Labs, Commonwealth Edison, and several other utility partners have launched a program aiming to get 1 million smart thermostats into homes in Northern Illinois in the next five years, E&E reports.
The SunPort, which plugs into outlets and gives the users access to solar energy through solar credits, has won startup PlugSolar an award from the Consumer Electronic Association, opening the door to more investment funding, Albuquerque Business First reports.
Calling Petrobras’ April move to write down 6.2 billion reais lost to corruption as just “the tip of the iceberg,” a prosecutor said Friday the scandal may end up costing the company more than 20 billion reais—$5.3 billion at the current exchange rate, Reuters reports.
A planned debate between Republican presidential candidates on energy and environment issues in New Hampshire this week was cancelled after only two agreed to come, and a similar forum for Democrats has been postponed, The Huffington Post reports.