Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
Chevron leaves Lithuanian shale venture behind
by Daniel J. Graeber
Vilnius, Lithuania (UPI) Jul 9, 2013


Suncor, GE team to reduce emissions from oil sands
Calgary, Alberta (UPI) Jul 9, 2013 - U.S. company GE and Canadian oil producer Suncor Energy announced plans to find ways to reduce emissions and lower water use from oil sands production.

Suncor said it signed two agreements with GE that open the door to as much as $18 million in environmental investments. Agreements signed under the so-called Canada's Oil Sands Innovation Alliance call for the development of new technologies meant to reduce greenhouse gas emissions and water usage from the production of oil sands in Alberta.

"We have a world-class resource in Canada's oil sands that will supply energy for decades to come," Steve Williams, Suncor president and chief executive officer, said in a statement Tuesday. "And, responsible development of this resource is as important to everyone in the industry as it is to our stakeholders."

The provincial government in Alberta says about 0.15 percent of the total greenhouse gas emissions in the world comes from oil sands development. Extraction is water-intensive, though the government says operators recycle as much as 80 percent of the water they use whenever possible.

U.S. supermajor Chevron announced it has shut down its offices in Lithuania and sold off half of its interests in the country.

"Chevron closed its office in Vilnius, Lithuania," a statement posted Tuesday on its website said. "The company has divested its 50 percent equity interest in [joint venture] LL Investicijos."

In a separate statement, Swedish energy company Tethys Oil said it increased its stake in the Rietavas license in Lithuania from 14 percent to 30 percent as part of the joint venture in the country with Chevron.

"The work program, focused on evaluation of the license area for conventional and unconventional hydrocarbon potential, continues as planned and is not affected by Chevron's exit," the Swedish company said.

Chevron in a 2013 annual report said three exploration wells had been drilled into the Rietavas block and results were under evaluation. No estimate of the reserve potential was given.

Britain, Poland and Lithuania are among the handful of members of the European Union said to be rich in shale natural gas deposits.

No value of the transaction was disclosed. Chevron gave no reason for the divestment.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Greenpeace blocks Chevron's Romanian shale gas site
Pungesti, Romania (AFP) July 07, 2014
Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third attempt to scupper the drilling operations of US energy group Chevron. Protesters locked hands and sat in front of the entrance to a drilling position in the northeastern village of Pungesti. They prevented a lorry from entering and displayed banners reading "No to fracking". ... read more


OIL AND GAS
Taking NASA-USGS's Landsat 8 to the Beach

Tips from space give long-range warning of flood risk

ENSO and the Indian Monsoon...not as straightforward as you'd think

Norway Gets TerraSAR-X Direct Receiving Station

OIL AND GAS
US Refusal to Host Russian Navigation Stations Political

China's domestic navigation system accesses ASEAN market

Soyuz Rocket puts Russian GLONASS-M navigation satellite into orbit

Russia may join forces with China to compete with US, European satnavs

OIL AND GAS
Maine officials say white pine fungus spreading

Incentives as effective as penalties for slowing Amazon deforestation

New study shows Indonesia's disastrous deforestation

Australian greens hail Tasmanian Wilderness decision

OIL AND GAS
Microbe sniffer could point the way to next-gen bio-refining

The JBEI GT Collection: A New Resource for Advanced Biofuels Research

A Win-Win-Win Solution for Biofuel, Climate, and Biodiversity

Water-cleanup catalysts tackle biomass upgrading

OIL AND GAS
China Might Be Winning The Race To Reduce Solar Costs

Solar energy gets a boost

Locus Energy Launches Virtual Irradiance Solar Analytics Solution

New Mid-West Facility Puts SolarBOS Closer to Customers

OIL AND GAS
EON and GE Partner To Build Texas Wind Farm

U.S., German companies to operate Texas Panhandle wind farm

Great progress on wind installations, Germany's RWE says

OX2 acquires Polish wind power company, Greenfield Wind

OIL AND GAS
Twenty-two dead in southwest China coal mine accident

China consumes almost as much coal as the rest of world combined

China coal mine death toll rises to 20: report

OIL AND GAS
Burn, patient, burn: medical inferno in China

China workers strike over Japanese boss' war denial

Chinese race for artist Xu Beihong's heroic horses

China Communist Party expels four top officials over graft




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.