The North American shale boom has excited petrochemical companies eager for a new era of cheap resources to feed production of plastics that go into everything from diapers to plumbing, executives said Wednesday.
Republican lawmakers said Wednesday they expect to take a careful, measured approach to drafting state regulations for allowing a new method of natural gas drilling called fracking, but an existing ban on the activity in North Carolina is likely to remain until 2014 or later.
A crisis situation has developed at a gas and condensate production platform in the Elgin field in the North Sea. Gas is leaking out of a well near a offshore platform at a rate of approximately 2 kilograms per second (12 MMCF/day if gas), and a large …
A flare is still burning on the North Sea offshore platform that has been leaking gas for days, operator Total S.A. said Wednesday, though it claimed there was no threat of an explosion under current weather conditions.
Obama administration officials ripped into GOP proposals to tie Strategic Petroleum Reserve releases to increases in federal oil and gas land leases and require additional analyses of the economic impacts of several oil- and gasoline-related environmental regulations.
Newfield Exploration Co. (NFX), which received about 70 percent of its output from natural gas in 2010, isn’t drilling for dry gas for the first time in its 24- year history, Chief Executive Officer Lee Boothby said.
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