Latest Fossil fuel Stories

Science Can Help Achieve Goal of Increasing Non-fossil Fuels Energy Consumption to 15 Percent by 2020 SHANGHAI (PRWEB) May 14, 2013 DuPont today published a report on the challenges and opportunities to secure China’s energy future at the SNEC 7th International Photovoltaic Power Generation Conference & Exhibition. Written in collaboration with FORTUNE magazine’s Content Marketing and Strategies Group, the report examines China’s increasing demand for energy, the key challenges...

Canada’s Minister of Natural Resources Joe Oliver is in Europe to argue that the European Union’s Fuel Quality Directive unfairly stigmatizes Alberta Oil Sands products. Friends of Science point to the climate change hypocrisy in the EU when one compares their terms for ‘carbon neutral’ wood pellets shipped from Canada or the carbon footprint of EU beer consumption vis a vis oil sands’ emissions. Calgary, Alberta, Canada (PRWEB) May 08, 2013 “Despite a tradition of common...

BEIJING, April 25, 2013 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec Corp." or "the Company") (CH: 600028; HKEX: 386; NYSE: SNP; LSE: SNP) today announced its unaudited first quarter results for the three months ended 31 March 2013. Financial Highlights: In accordance with the China Accounting Standards for Business Enterprises ("ASBE"), in Q1 2013, the Company's operating income was RMB 695.571 billion, up 3.61% over the same period of last year, and...

HOUSTON, April 16, 2013 /PRNewswire/ -- Far East Energy Corporation (OTCBB: FEEC) today announced the release of an updated independent engineering report prepared by RISC Operations Pty Ltd (RISC), an internationally recognized independent petroleum advisory evaluation and valuation firm based in Perth, Australia, with respect to its coalbed methane (CBM) project located in the Shouyang block in Shanxi Province, China as of December 31, 2012. The reserves estimates in the updated...

HOUSTON, March 18, 2013 /PRNewswire/ -- Far East Energy Corporation (OTCBB: FEEC) announced today that its 2013 Shouyang Block drilling campaign is underway, now that the Chinese National Lunar New Year holiday has ended and as weather conditions improve in Shanxi Province. Two drilling rigs are already operating on location in the Shouyang Block and additional rigs have been mobilized and are expected to begin drilling operations within the next three weeks. The 2013 drilling...

SALT LAKE CITY, March 14, 2013 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) today reported proved oil and gas reserves for its combined Poland and domestic operations at year-end 2012 of 47.7 billion cubic feet equivalent ("Bcfe"). This represents a decrease of approximately 5.7 Bcfe or 11% from 2011 year-end reserves of 53.4 Bcfe. The decrease was due primarily to production during the year of 4.8 Bcfe and negative revisions of 3.3 Bcfe, offset in part by reserve additions of 2.3...

CALGARY, March 7, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce the results of its 2012 year-end oil and gas reserves evaluation. Marquee's year-end 2012 reserves were evaluated by independent reserves evaluator Sproule & Associates Consultants Ltd. ("Sproule"). The evaluation of all of Marquee's oil and gas properties was done in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas...

Over the next five years, Canada will continue to rely on the United States for a significant portion of crude oil and natural gas sales; continued growth in production in oil sands will also facilitate a projected revenue increase. For these reasons, industry research firm IBISWorld has added a report on the Oil Drilling and Gas Extraction industry to its growing industry report collection. Los Angeles, CA (PRWEB) February 25, 2013 The Oil Drilling and Gas Extraction industry in Canada...

WASHINGTON, Feb. 12, 2013 /PRNewswire-USNewswire/ -- President Obama's energy policy remarks in the State of the Union address were a lesson in the art of contradiction and denial. He touted the benefits of energy independence due to oil and gas production, but then reverted to the same policies of the past in suggesting a new slush fund for costly subsidies to fund expensive energy sources that will only hurt consumers struggling to emerge from a recessionary economy. (Logo:...

HOUSTON, Feb. 8, 2013 /PRNewswire/ -- Fossil Oil Company, LLC announces its newest gas/condensate discoveries by first drilling the deep, 3D seismic-based Cook Mountain well in Liberty Co., TX, and a second oil/gas discovery by drilling a dual-stacked, horizontal well into the Buda and Georgetown formations in Brazos Co., TX. The Bandit #1 Well is a deep 15,000' Cook Mountain (Yegua Sand) formation that tested on a conservative 7/64(th) choke flowing 140 Barrels of Oil and...