Oil Wells News
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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.
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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.
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Nigeria’s state-owned oil company and Exxon Mobil Corp.’s local unit may decide to tap the bond market in 2016 as an alternative source of funding for their joint venture.
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A claim by a group of Ecuadorean villagers seeking to seize Chevron Corp.’s Canadian assets was stayed by a judge in Ontario at Chevron’s request.
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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.
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U.S. drillers that set up rigs amid the rolling farmland of eastern Ohio on projections underground shale held $500 billion of oil are packing up.
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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.
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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.
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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.
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China Petroleum & Chemical Corp. , the nation’s second-largest oil producer, said it shut some oil wells in southern China because of flooding.
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