News tagged with oil companies

Ecuador dumps Amazon 'nature-for-oil' scheme

Ecuador President Rafael Correa said major oil exploration in an unspoilt Amazon nature reserve could go ahead after the failure of an ambitious plan to secure billions of dollars in donations to avoid drilling in the area.

dateAug 16, 2013 in Environment
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Pact curbs seismic surveys in Gulf of Mexico

Oil and gas companies working in the Gulf of Mexico have agreed not to use seismic surveys for the next 30 months in three areas considered critical to whales and along the coast during the calving season for bottlenose dolphins.

dateJun 21, 2013 in Ecology
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Nanoparticles helping to recover more oil

When petroleum companies abandon an oil well, more than half the reservoir's oil is usually left behind as too difficult to recover. Now, however, much of the residual oil can be recovered with the help of nanoparticles and ...

dateJun 17, 2013 in Engineering
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Oil spill sullies river in Ecuador

A Petroecuador pipeline ruptured in Ecuador's Amazon basin region, spilling 10,000 barrels of crude into a river and alarming locals left without fresh well water, authorities said Monday.

dateJun 03, 2013 in Environment
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India's Wipro shares dive after business split

Shares in India's third-biggest software firm Wipro tumbled more than 11 percent on Tuesday, its first day of trading as a standalone IT company since it hived off other businesses into a separate unit.

dateApr 09, 2013 in Business
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