Thousands of people in Spain have organised to protest the introduction of “fracking” – a controversial technique that involves pumping water, chemicals and sand at high pressure into shale rock to release gas and oil.
The drop in oil prices will probably spur smaller oil and gas explorers in Africa to consider mergers to fund their ambitions, according to Pura Vida Energy NL.
Enterprise Products Partners LP, one of the largest pipeline companies in the U.S., will buy Texas oil and gas pipelines and processing plants from Pioneer Natural Resources Co. and Reliance Industries Ltd. for $2.15 billion.
Russian oil output remained unchanged in May at a post-Soviet high of 10.71 million barrels per day (bpd), Energy Ministry data showed on Tuesday, three days before OPEC meets to decide on output levels.
Spanish renewable energy firm Acciona aims to intensify its footprint in the green energy business in Southern Africa to ride the wave of a market it sees trebling by 2050, an official said on Tuesday.
Russia's Gazprom plans to start building a pipeline to Turkey this month to get gas to Europe without going through Ukraine, company sources said, although it has no firm agreement with Ankara and faces opposition from the European Union.
Topaz Energy and Marine, a leading offshore support vessel company, has bolstered its Emergency Response and Recovery Vessel (ERRV) fleet with the addition of a fourth vessel.