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  • Oil prices rise above $48 a barrel due to Britain's EU vote.
    Jun 30, 2016Oil prices rise above $48 a barrel due to Britain's EU vote.

    Oil prices have increased above $48 a barrel after investors took advantage of a fall in crude for two days following Britain's vote to exit the European Union (EU).

  • DOE Announces $68.4 Million in Funding to Advance the Safe and Permanent Storage of CO2
    Jun 28, 2016DOE Announces $68.4 Million in Funding to Advance the Safe and Permanent Storage of CO2

    The Department of Energy (DOE) announced $68.4 million for cost-shared research and development (R&D) projects that will help to secure the safe and permanent storage of carbon dioxide (CO2) during carbon capture and storage (CCS) operations. Funding is subject to the availability of appropriations.

  • Shell Canada to resume drilling at Cheshire L-97 exploration well off Nova Scotia
    Jun 27, 2016Shell Canada to resume drilling at Cheshire L-97 exploration well off Nova Scotia

    The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has conditionally approved Shell Canada's proposal to resume drilling in waters off Nova Scotia at its Cheshire L-97 exploration well.
    Drilling was halted on 5 March following an operations incident on the Stena IceMAX drillship.

  • Lianzi Oil Field, Congo
    Jun 26, 2016Lianzi Oil Field, Congo

    The Lianzi oil field is located in a unitised zone which includes parts of the Block 14 License (Republic of Angola) and the Haute Mer Permit (Republic of Congo) about 105km offshore, at water depths ranging from 820m to 1,070m.

  • Oil prices rise after API reports fall in US crude inventories
    Jun 24, 2016Oil prices rise after API reports fall in US crude inventories

    Oil prices have increased above $50 a barrel after a report by the American Petroleum Institute (API) highlighted a fall in US crude inventories.
    Brent crude rose 33 cents at $50.95 a barrel, while the US crude increased 46 cents to $50.31, Reuters reported.

  • World's 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017
    Jun 23, 2016World's 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017

    The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world’s second-largest sovereign wealth fund.

  • GLOBAL PETROLEUM Show Calgary, Alberta, Canada
    Jun 22, 2016GLOBAL PETROLEUM Show Calgary, Alberta, Canada

    GLOBAL PETROLEUM Show
    Calgary, Alberta, Canada
    June 7 - 9, 2016

  • South Africa innovates to support soaring renewables growth
    Jun 22, 2016South Africa innovates to support soaring renewables growth

    South Africa's 2010 Integrated Resource Plan (IRP) targeted 8.4 GW of wind and 8.4 GW solar capacity by 2030 and in 2011 the government launched its Renewable Energy Independent Power Producer Procurement Program (REIPPPP) to accelerate development.
    The REIPPPP has thus far procured 3.4 GW of wind, 2.4 GW of PV and 400 MW of CSP capacity and has attracted 193 billion rand ($13 billion) of private sector investments.

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