Oil companies are using new water-management practices and technologies for hydraulic-fracturing operations, especially in the Permian Basin. TETRA Technologies offers companies an infrastructure layout that includes freshwater storage and treatment technologies for water and oil separation, blending and other processes.
Pennsylvania's House of Representatives is considering a bill that would introduce a volume tax on Marcellus Shale natural gas production. The House discussed amendments Monday, with debate expected to carry over into today.
The shale boom has made the US the world leader in oil and gas, a position the country is likely to maintain for a long time to come, according to the International Energy Agency. US oil production is on track to match Saudi Arabia at its peak.
UK-based BP and Italy-based Eni are interested in developing the Majnoon oilfield in southern Iraq after Shell turns it over to Iraq's Basra Oil at the end of June, Iraqi officials say. BP is developing the Rumaila oilfield in southern Iraq, and Eni operates the Zubair oilfield, also in the south.
Egypt and Cyprus can help make natural gas discoveries in the eastern Mediterranean Sea a major source of energy for Europe, the presidents of the two countries say. Cyprus President Nicos Anastasiades said the discoveries may lead to more cooperation in the eastern Mediterranean and called Egypt a "necessary strategic partner" in Europe's energy search.
Cairn Energy is considering selling a 30% stake in a deepwater oilfield off the coast of Senegal to BP. The possible deal between the UK-based companies for the SNE field -- the first oil development in Senegal -- may be worth about $600 million, sources say.
Compact sediments along the Cascadia Subduction Zone off the coast of Washington state and northern Oregon could lead to powerful earthquakes and tsunamis, a study shows. The sediments are packed tightly with little water, making tectonic plates more likely to stick together and build up a lot of stress, scientists say.
The Samo and Bambo oil prospects off the coast of Gambia contain an estimated 1.1 billion barrels of oil, Australia-based oil explorer FAR says. The prospects' permit area is adjacent to FAR's SNE field off the coast of Senegal.