shale

Saudis Planning $10B Investment in Texas

Saudi oil executives inked multi-billion dollar deals with companies to explore building petrochemical facilities along the Texas Gulf Coast. Essentially, they hope to capitalize on the U.S. oil and gas boom, largely fueled by shale drilling in the Permian Basin.

The Associated Press

UK Officials Reject Second Cuadrilla Shale Gas Project in a Week

British officials on Monday rejected another Cuadrilla Resources shale gas project in northwest England on the grounds of visual and noise impact, just four days after refusing a different shale gas planning application. Cuadrilla’s project at Preston New Road near

fracking

Brown Not Cutting Oil Industry Water Use because of Tax Collection

Governor Jerry Brown signed an executive order Wednesday implementing California’s first-ever mandatory water restrictions that require cities and towns to cut their water usage by 25 percent over the next nine months. But Brown will not cut oil company water use for fracking because the industry pays over $20 billion in state and local taxes.

JAE C. HONGAP