Last updateTue, 19 Feb 2019 5pm


Half of Shell's Production Will Be Gas by 2012, CEO Says

Oil and natural gas are indispensable in a growing world energy market, and Royal Dutch Shell PLC plans to make gas roughly half of its total production by 2012, its chief executive officer said on Oct. 8.


“This is not merely a shift in our portfolio. Increasing natural gas production and transportation by liquefying it and shipping the LNG to global markets means that more natural gas will be available to displace coal as the fuel for power plants,” Peter Voser said in an address at the Woodrow Wilson International Center for Scholars.


Source: Oil & Gas Journal


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Refining a Region: BP 'on Track' With $3.8 Billion Project

The road has been rocky since engineering and construction work began in May 2008 on BP Whiting Refinery's $3.8 billion modernization project -- touted as the largest single private investment in state history. There have been economic and fuel-price collapses; environmentalists and municipal officials challenged the project's impact on the region's air quality; and U.S. Immigration and Customs Enforcement agents led a December raid leading to contract workers being arrested.


Source: The Times


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Schwarzenegger Threatens Vetoes to Get Water Deal

Gov. Arnold Schwarzenegger said Thursday he will veto hundreds of bills unless lawmakers agree on a comprehensive fix for the state's aging water system.


Overhauling California's decades-old water system is a priority for Schwarzenegger, but Democrats and Republicans have not been able to find enough common ground to forge a long-term solution.


Source: Associated Press


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Exxon Said to Pay $4 Billion for Oil Field

The energy giant Exxon Mobil has agreed to pay about $4 billion for a minority stake in an oil field off the coast of Ghana, a region that has emerged as a major new petroleum province, a person with knowledge of the matter said Tuesday.


Exxon’s acquisition of 23.49 percent of the Jubilee oil field underscored the interest that energy companies have shown in the 700 miles of Western African coastline that stretches from Sierra Leone to Ghana.


Source: New York Times


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Harvesting Gold from Rain

The most remarkable feature of the office tower rising at Russia Wharf might never be seen by its occupants or visitors. It lies within the building’s bowels, a network of pipes and valves designed to conserve more than 12.5 millions of gallons of water a year - enough to fill 19 Olympic-size swimming pools.


Source: Boston Herald


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