Rig contractor Vantage Drilling said it has inked two new contracts for one of its jack-up rigs and said its customer had exercised an option on another for total revenues of $57.9 million.
Rig contractor Vantage Drilling said it has inked two new contracts for one of its jack-up rigs and said its customer had exercised an option on another for total revenues of $57.9 million.
Oil and natural gas producer Harvest Natural Resources struck a deal to sell its Venezuelan operations for $725 million, securing an exit from the country for the small exploration company, which became ensnared in President Hugo Chavez’s nationalization of oil assets.
The war on coal is environmentally sound but the lack of subtlety in getting rid of this dirty energy step child is destructive and natural gas would eventually triumph over coal without hard-hitting regulations. On 20 June, a resolution in the US Senate seeking to overturn federal regulations that limited toxic mercury and other dangerous…
Iran announced this week that it's made its first oil discovery in the Caspian Sea in more than 100 years. The semiofficial Fars News Agency reports the find, in ultradeep waters, may hold the equivalent of 7 percent of the country's known national reserves. Iran has touted its ability to continue with domestic energy production,…
A group of researchers led by Purdue University scientists believes sweet and biomass sorghum would meet the need for next-generation biofuels to be environmentally sustainable, easily adopted by producers and take advantage of existing agricultural infrastructure.A sorghum head of seed near to maturity.Those attributes point to potential adoptability for sorghum. Scientists from Purdue, the University…
World rock phosphate production is set to peak by 2030. Since the material provides fertilizer for agriculture, the consequences are likely to be severe, and worsened by the increased production of biofuels, including those from algae.Introduction.The depletion of world rock phosphate reserves will restrict the amount of food that can be grown across the world,…