Captured

A unit of BP plc has captured a quartet of deepwater exploration blocks offshore Nova Scotia, with record bids totaling more than C$1.049 billion, according to the Nova Scotia Offshore Petroleum Board (CNSOPB). Shell Canada Ltd. won four offshore leases with offers totaling more than C$31.85 million.

A unit of BP plc has captured a quartet of deepwater exploration blocks offshore Nova Scotia, with record bids totaling more than C$1.049 billion, according to the Nova Scotia Offshore Petroleum Board (CNSOPB). Shell Canada Ltd. won four offshore leases with offers totaling more than C$31.85 million.

“Profitable and widely applicable” practices have the potential to reduce methane emissions in the United States by more than 80%, and the captured methane could “bring in billions of dollars in revenue while benefiting the environment,” according to a report from the Natural Resources Defense Council (NRDC).

Domestic oil shales offer “vast development potential,” but without sustained high oil prices they may not be profitable, according to a report released Thursday by Boston-based Ceres, a coalition of investment, environmental and public interest groups.

Nearly half of the flared or vented natural gas estimated to be produced on federal lands could be economically captured, which in turn would boost royalties and reduce greenhouse gas (GHG) emissions, the Government Accountability Office (GAO) said in a report last week.

Nearly half of the flared or vented natural gas estimated to be produced on federal lands could be economically captured, which would boost royalties and reduce greenhouse gas (GHG) emissions, the Government Accountability Office (GAO) said in a new report.

The fate of cap-and-trade legislation became even more precarious with the upset in Massachusetts last Tuesday as Republican Scott Brown captured the seat of the late Sen. Edward Kennedy.

The fate of cap-and-trade legislation this year became even more precarious Tuesday as Massachusetts Republican Scott Brown captured the seat of the late Sen. Edward Kennedy.

Coal producers took a powder in the power generation game during the first half of the year as low-priced natural gas swooped in and captured market share, but an economic recovery could turn the tables again, according to analysts.