Carrying signs with slogans of “Stop the Coal Rush” and “Shame on Texas,” about 1,000 people rallied at the state Capitol to persuade lawmakers to abandon a plan to build up to 18 new coal-fired power plants.
Environmentalists fear the new plants will pump millions of tons of pollutants into the air every year.
“Coal plants seem [...]
Crude oil and natural gas company Murphy Oil Corp. on Monday said it discovered “significant natural gas pay” off the shore of Sabah, Malaysia.
The company’s Rotan No. 1 exploration well made the discovery in Block H, a region where Murphy Oil acts as operator and controls an 80 percent working interest. Working interest is an [...]
Canadian natural gas company EnCana Corp. said Friday its subsidiary EnCana (Chad) Holdings Ltd. closed a deal to sell its interests in Chad exploration assets to a unit of China National Petroleum Corp. for about $202.5 million.
The company said the effective date of the agreement is Oct. 1, 2006.
EnCana said it has now completed its [...]
Natural gas company Petroleum Development Corp. on Friday said it agreed to acquire energy company Unioil for about $18.2 million, or $1.91 a share.
Unioil has properties in northern Colorado and southern Wyoming.
Unioil shareholders, who own about 82 percent of its stock, have agreed to tender their shares in the offer, Petroleum Development said in a [...]
Questerre Energy Corporation and Stylus Energy Inc. are pleased to announce that construction and commissioning of the Vulcan central oil battery and gas compression facility is complete.
The gas compression facility provides flexibility to deliver gas to a second gas plant in the area and removes the pipeline capacity constraints on Vulcan gas production. It also [...]
Canary Resources Inc. today announced the formation of a new drilling company and a well service company. Canary’s management has hired experienced employees and procured equipment and inventory over the past several months, enabling Canary to reduce its reliance on an increasingly expensive and scarce third party services industry.
With the creation of these wholly owned [...]
