The United Kingdom’s Minister of State for Business and Energy Michael Fallon speaks to FuelFix about the future of oil and gas production in the North Sea and how Britain is preparing for hydraulic fracturing.
Occidental plans to separate its California business to form a new company called California Resources Corp. by early next year. The rest of the company will be based in Houston, keeping the Occidental name.
Brazil’s state-owned Pre-Sal Petroleo SA and its corporate partners, who are drilling into one of the world’s largest offshore oil discoveries in the last decade, face severe challenges because of rules restricting the amount of foreign goods used by local industries.
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