Aiming to expand its international unconventional resource opportunities, Houston-based exploration and production independent ConocoPhillips said Wednesday it has entered into a set of agreements with PetroChina Co. Ltd., under which PetroChina will acquire an interest in two Western Australia exploration assets and establish a joint study agreement (JSA) for unconventional resource development in China’s Sichuan Basin.
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Fracking Opposition Carries Message to Washington
Protesters aiming to “Stop the Frack Attack” were planning to hold a three-day meeting in the nation’s capital at the end of this week for obstructionist training sessions and lobbying of Congress, to be followed by a Saturday afternoon demonstration on the West Lawn of the Capitol.
Ohio Proposing Higher Taxes, Tougher Regulations
Ohio Gov. John Kasich is proposing to “modernize” taxes and regulations on the oil and gas industry, aiming to cut income taxes by capturing revenue from the prospective Utica Shale boom.
Ohio Governor’s Plan Restructures Gas/Oil Taxes, Adds Regs
The administration of Ohio Gov. John Kasich is proposing to “modernize” taxes and regulations on the oil and gas industry, aiming to cut income taxes by capturing revenue from the prospective Utica Shale boom.
Shell Canada Continues Focus on Western, Sable Island Development
Shell Canada is aiming to spend $1.1 billion in 2004 on capital and exploration projects, with much of it directed toward natural gas in the western Foothills area, Mackenzie Valley and the Sable Offshore project in the East.
NERC Challenges GISB for Power Standards-Setting Role
The announcement Tuesday by the North American Electric Reliability Council (NERC) that it is aiming to become the standards-setter for the wholesale power industry puts it on a collision course with the Gas Industry Standards Board (GISB), which already has announced it is expanding into setting standards for power industry business practices.
Duke a Big Player in Latin American Generation
Aiming to be “as strong a company in Latin America as it is inNorth America,” Duke Energy International agreed to exchange $405million for Dominion Resources’ portfolio of hydroelectric, naturalgas and diesel power generation businesses – totaling 1,200 MWgross capacity – in Argentina, Belize, Bolivia and Peru. In thelast week Duke Energy International has pledged to purchase 3,800MW of generation capacity in Latin America in three separatetransactions for about $1.285 billion.
TIPRO Provides On-Line Job Bank
Aiming at easing the personal pain involved in the oil and gasindustry downturn, the Texas Independent Producers & RoyaltyOwners Association (TIPRO) has instituted an Oil and Gas Job Bankat its website www.energyconnect.com.