HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. remains unchanged this week, at 1,769.
NICOSIA, Cyprus (AP) — Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's finance minister said Thursday.
Interior Secretary Sally Jewell signaled Wednesday her department is substantially revising draft rules governing hydraulic fracturing on public lands, promising senators there will be more cooperation and input from states, tribes and other stakeholders.
"We have been working with the states and the tribes on rules that will be released shortly," she said at a hearing before the Senate Indian Affairs Committee. "You have my commitment to make sure that this is a collaborative process, and I would throw broader stakeholder groups in that mix as well."
European Union Environment Commissioner Janez Potocnik said gas extracted from shale deposits could be a part of the EU's energy policy if it can be done safely, Platts reports.
Moody's Investors Service said increased shale gas production would help refiners, utilities and chemical producers but poses a threat to coal's market share, Platts reports.
HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. rose by five this week to 1,769.
The lineup of witnesses at the three natural gas roundtable forums starting next week before the Senate Energy and Natural Resources Committee includes numerous industry, government and environmental group representatives.
The witnesses for the forums were announced Thursday by Chairman Ron Wyden, D-Ore., and ranking Republican Sen. Lisa Murkowski of Alaska. The first forum is scheduled next Tuesday and is to focus on infrastructure, transportation, research and innovation.
A Chamber of Commerce study reported more than 100 new EPA rules have been forced by "sue and settle" tactics from environmental groups, The Hill reports.
The Nuclear Regulatory Commission told Charlotte-area residents that a crack at a reactor at Duke Energy's Shearon Harris Plant did not pose a threat to safety, WSOC-TV reports.
An international group of solar trade groups issued a statement calling on the European Union and the U.S. to avoid a trade war over solar panels with China, The Washington Post reports.
The European Union has sent information requests to several commodity-trading firms as part of its investigation into potential energy-price manipulation, The Wall Street Journal reports.
Royal Dutch Shell CEO Peter Voser said a European Union investigation into possible price fixing has not found anything that could damage the company, The Wall Street Journal reports.
ExxonMobil Corp. said it would refocus its research on algae-derived biofuels after it invested $100 million over the last four years with few solid results, Bloomberg reports.
The U.S. Geological Survey said water levels in aquifers declined from 2000 to 2008 at a rate nearly three times greater than any point in the last century, Reuters reports.
