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Business

Canary LLC buys Odessa-based American Wellhead

Wellhead

Officials with the Denver-based wellhead company Canary LCC announced the acquisition Wednesday of American Wellhead in south industrial Odessa. Canary will keep American Wellhead’s 18 employees, who include the company’s president and founder, David Walden. Walden will stay on as operations manager. The acquisition marks the entry into the Permian Basin for Canary, which operates in oil basins throughout the ...

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Buffalo Township seeks natural gas proposals

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Buffalo Township plans to seek proposals from gas companies interested in leasing natural gas rights under the Butler-Freeport Community Trail and other parcels. Tracts available for lease along the 22-mile trail were broken up by trail head so that companies could lease what is ideal for their current operations, said Supervisor John Haven. The other parcels include the former Oregon ...

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Hosokawa to play Tokyo nuke card

nuclear power

Morihiro Hosokawa pledged Wednesday he would try to end Tokyo’s dependence on nuclear power as he finally made his candidacy for governor official just a day before campaigning officially starts. The 76-year-old former prime minister said he would set up a strategic panel of experts to explore basic energy policies to abolish nuclear power. “In order to realize a Tokyo ...

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Natural Energy

drill

RAYMONDVILLE — Willacy County officials are counting on new drilling to help spark oil and gas production that has steadily declined for decades, County Judge John F. Gonzales Jr. said Wednesday. The Texas Railroad Commission has approved the highest number of drilling permits since 2010, state records show. “I know this year will be drastically different because of the development,” ...

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Deputy oil minister: Iran holds $30 trillion worth of oil, other hydrocarbon resources

oil

Iran holds $30 trillion worth of hydrocarbon resources, including oil, gas and condensates, if we count each oil barrel at $100, Iranian deputy oil minister, Mohammad Reza Moghaddam said, Iran’s IRNA news agency reported on Jan. 23. He went on to add that since the beginning of oil production in the country, about $8 trillion worth of hydrocarbon resources have ...

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Kazakhstan to significantly lower fuel oil production

decrease production

Following the completion of modernising three refineries in Kazakhstan, fuel oil production will significantly decrease, Director General of KazEnergy Association Asset Magauov told Trend. “Following the completion of the modernisation of the refineries, fuel oil production will significantly decrease from 3.7 million tons to 1.5 million tons,” Asset Magauov said. Magauov recalled that currently the three refineries are under modernisation ...

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Discord runs deep on new drilling rules

Milk

Four members of the Department of Environmental Protection presided over a divided house Wednesday night at Washington & Jefferson College. Every five minutes, either the left side of the room or the right would break into applause at the first southwestern Pennsylvania public hearing of the agency’s proposed new oil and gas regulations. Citizens who felt the regulations don’t go ...

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Iran shows off its energy facilities to media

media

Iran displays energy facilities to illustrate capabilities, entice international investors ASALOUYEH, Iran (AP) — Iran has taken international media on a tour of partially completed natural gas facilities and other elements of its energy sector to display its capabilities, just days after the easing of sanctions in an effort to entice foreign investors. Tehran could use outside expertise to further ...

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Court rules offshore oil leases in Alaska Arctic are too flawed

ocean drilling

In another blow to offshore oil drilling in the Alaska Arctic, a federal appeals court on Wednesday ruled in favor of environmental and Alaska Native groups and concluded the federal government failed to properly evaluate the scale of oil production that could result from a 2008 lease sale, throwing those leases into question. Royal Dutch Shell, the biggest leaseholder offshore ...

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Romanian Investors Council asks for postponement of liberalisation of gas price for companies

Romania currency

BUCHAREST — The International Monetary Fund (IMF) delegation in Bucharest on Thursday met with the representatives of the Romanian Investors Council (CIR) to discuss such matters related to taxation and the liberalisation of natural gas prices. ‘We talked about the VAT issue, the CAS issue, agriculture, industry, energy and gas sectors […] Of which they [the representatives of the IMF, ...

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