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First Reserve's American Energy sinks $2.5 billion into Texas oil fields

2014-08-20 12:06:57| Energy - Topix.net

A Greenwich private equity firm is expanding its presence in the energy sector after agreeing to buy 63,000 acres in the southern Permian Basin in Texas for $2.5 billion.

Tags: american energy texas fields

 

First Reserve's American Energy sinks $2.5 billion into Texas oil fields

2014-08-20 01:42:18| Oil & Gas - Topix.net

A Greenwich private equity firm is expanding its presence in the energy sector after agreeing to buy 63,000 acres in the southern Permian Basin in Texas for $2.5 billion.

Tags: american energy texas fields

 
 

Floods submerge cane fields in North India

2014-08-17 08:46:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Heavy monsoon rains in India have caused flooding in the country's main sugar producing state Uttar Pradesh, but the full extent of any damage to the crop will not be known until floodwaters recede. There were apprehensions that a slow start to India's monsoon season would trim cane output in the world's second biggest sugar producing nation, but a late revival in rains resulted in higher acreage being planted. However, fresh floods in North India have now raised fears of damage to the cane crop....

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Marginal oil fields worth 40bn to UK

2014-08-02 22:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Scotsman: The North Sea could hold more than 40 billion of "unforeseen" oil revenues in fields which were rejected for development but could now be exploited with the latest exploration and recovery technology. The fields in the UK continental shelf could create 2,500 jobs and 26bn of investment, as well as giving the national economy a much needed boost, a report by analysts at RMRI Consulting has found. There has not been a significant oil field discovered, holding hundreds of millions of barrels,...

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Crumbling Roads in Oil Fields Slowing U.S. Energy Boom

2014-07-11 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: In southern Texas and North Dakota, where shale drilling has propelled U.S. oil production to the highest level in 28 years, thousands of 18-wheel trucks are rumbling to wells on roads designed decades ago for farmers to bring crops to markets. Road closures have slowed output, with diverted traffic increasing accidents, as Texas seeks $1 billion to maintain roads in the oil belt. With the U.S. projected to be energy self-sufficient by 2030, according to BP Plc (BP/), crumbling highways may threaten...

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