Jul 22, 2014

China's Xi signs Venezuela resource deals during Latin America blitz

Chinese President Xi Jinping signed a raft of oil and mineral deals with Venezuela Monday, his latest stop on a Latin American tour showcasing China’s growing influence in the region. During his four-country visit to what is often considered America’s back yard, Xi has ...

Obama opens East Coast to sonic oil search surveys

Jul 19, 2014

Obama opens East Coast to sonic oil search surveys

The Obama administration is reopening the U.S. Eastern Seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor. Friday’s announcement is the first real step toward what could be a transformation ...

China studies floating gas plants for South China Sea

Jul 17, 2014

China studies floating gas plants for South China Sea

by Chen Aizhu

Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea. While the state-run company has ...

Shale oil to push U.S. past Russia, Saudi Arabia

Jul 10, 2014

Shale oil to push U.S. past Russia, Saudi Arabia

Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate estimates that depend on uncertain ...

Study shows how fracking causes some earthquakes

Jul 4, 2014

Study shows how fracking causes some earthquakes

A new study explains how four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 small and medium earthquakes in the past five years, according to a study published ...

Jul 4, 2014

Quebec rail explosion prompted regulation, safety changes

The explosion of an oil train that killed 47 people in Quebec last year forced tighter rules to address the rapid growth of transporting oil by rail in North America. In the immediate aftermath, all eyes fell on the owner, American firm Montreal, Maine ...

Quebec town still recovering from train disaster

Jul 4, 2014

Quebec town still recovering from train disaster

Backhoes and bulldozers are still digging out oil-seeped soil and pavement in the center of the lakeside Quebec town of Lac-Megantic. Where the post office, public library and restaurants once stood, there is only the clanging of machinery kicking up dust over the emptiness. ...