Deep Earth Energy Production Corp., a closely help developer, is planning Canada’s first geothermal power plant that will tap into heat resources underneath oil and natural gas fields in Saskatchewan, according to Chief Executive Officer Kirsten Marcia.
Texas should be the model for other states as officials seek to reduce the need to burn, or flare off, methane coming from oil and gas wells drilled by hydraulic fracturing, a top Senate Democrat said.
General Electric Co.’s planned purchase of pump maker Lufkin Industries Inc. at the industry’s most expensive price tag is highlighting demand for oilfield equipment that may make Weatherford International Ltd. and Tesco Corp. the next targets.
General Electric Co. is tapping proceeds from the sale of NBC to fund its $3.3 billion purchase of Lufkin Industries Inc. as Chief Executive Officer Jeffrey Immelt takes advantage of an oil-drilling boom.
California’s reputation for environmental protection may be jeopardized by the lure of a $25 billion tax windfall that depends on how the state permits oil companies to take advantage of vast deposits lying two miles beneath its golden hills.
After studying chemistry at Shanghai’s Fudan University, Jane Chuan and Wang Youqi pursued doctorates in the U.S. She got hers from what’s now the University of Buffalo in 1988, the year they married. Wang graduated in 1994 from the California Institute of Technology.