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Improved carbon sequestration achieved by biodiesel algae grower
Clean energy company, W2 Energy, Inc., has announced that its SunFilter 1 algae reactor is sequestering more carbon dioxide to produce algae for use in biodiesel production than ever before. | Renewable Energy Magazine
Dana Gas makes fifth gas discovery in Egypt
DUBAI, May 3 (Reuters) - Dana Gas , the Gulf's only listed natural gas company, said on Tuesday it has made a new gas discovery in Egypt, the company's fifth gas find in the country. | Reuters
Crude ends lower on Bin Laden's death
Crude futures settled lower today after the death of Osama Bin Laden roiled oil markets, as traders tried to gauge the event's effect on stability in the Middle East . | Upstream Online
Shell seeks Alaska
Supermajor Shell could be close to winning approval to press ahead with drilling plans in Alaska
ExxonMobil Recognized For Industry-Leading Approach To Develop Angola
The Offshore Technology Conference (OTC) presented ExxonMobil Development Company with a special citation for the development and implementation of the “Design One, Build Multiple” strategy that successfully delivered large-scale deepwater projects offshore Angola on Block 15 that achieved peak production of over 700,000 barrels of oil per day. | E & P Mag
Don’t Believe The Hype: Tax Increase on Oil and Gas Companies Unlikely
A few days ago House Speaker Boehner told ABC news he was open to the idea of raising taxes on oil and gas companies. Boehner said that while “everybody wants to go after the oil companies” for gas prices that are climbing above $4 per gallon in many regions of the country, the industry also has “got some part of this to blame.” | Oli & Gas Financial Journal
Gas giant threatens tax protest
Energy giant Centrica threatened to quit its North Sea operations today over an increase in the corporation tax rate. | Morning Star
Carbon Cap a Possibility in Canada
Canadians head to the polls today to determine whether Prime Minister Stephen Harper will keep his job or be replaced by a new leader in favor of carbon pricing. | New York Times
Economist: Higher fuel prices slow Midwest economy
A survey in nine Midwestern and Plains states suggests that higher fuel prices are slowing the regional economy. Stltoday.com
Russian tax plan boosts production
Russian oil production almost hit a new record last month as the nation reported a 0.5% rise to 10.24 million barrels of oil per day in March, according to official data released today. | Upstream Online
Markets surge on Bin Laden News
US dollar rose from three-year lows, world stocks made gains and oil prices fell following al-Qaeda leader's killing. | Aljazeera |
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