The compromise in Colorado between environmentalists and the oil industry over controlling methane emissions from drilling could serve as an example for other parts of the country, according to Noble Energy CEO Chuck Davidson, FuelFix reports.
One reason why any future increase in interest rates may not trouble debt-ridden shale drillers is that a sizeable amount of their borrowing has been agreed under fixed rates, The Wall Street Journal reports.
A deal announced Monday by Colorado Gov. John Hickenlooper and Rep. Jared Polis to study local oil and gas siting conflicts appears to have averted an intra-party fight over controversial ballot initiatives that would have let communities ban hydraulic fracturing.
They agreed on the creation of an 18-member task force to make recommendations next year to the governor and state legislature on the regulation of the drilling practice, known as fracking, near homes, businesses and schools.
In return, Polis agreed to drop his support for the two initiatives that would amend the state constitution to set a 2,000-foot minimum setback for wells near occupied buildings, four times the current minimum, and allowed communities to set stricter drilling regulations than the state, including bans.
The offer by Continental Resources Ltd. to pay state taxes and royalty payments in North Dakota for natural gas it failed to burn off properly has been met with skepticism by lawyers for landowners and rights holders, suspicious that the plan is intended to limit the company’s liability, The Wall Street Journal reports.
Opening up more areas to offshore drilling -- including parts of the Pacific -- would generate around $160 billion over a period of less than 20 years, according to more than 160 Republican Congressmen who sent a letter to Interior Secretary Sally Jewell about her department’s updated plan for the Outer Continental Shelf, The Hill reports.
The three West Coast governors, all Democrats -- Jerry Brown of California, Jay Inslee of Washington and John Kitzhaber of Oregon -- have sent a letter to Interior Secretary Sally Jewell, expressing their opposition to including any oil or gas lease sales from their area in her department’s updated plan for the Outer Continental Shelf, The Associated Press reports.
NEW YORK (AP) — There are two energy sector companies among a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.
ANCHORAGE, Alaska (AP) — An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska's northwest coast.
Shell and the Arctic Slope Regional Corp. announced the formation of a new company called Arctic Inupiat Offshore LLC. Its participants include six village corporations on the North Slope. The agreement with the Shell subsidiary, Shell Gulf of Mexico Inc., gives the Alaska Native company the option of acquiring an overriding royalty interest from Shell's drilling on leases in the Chukchi Sea.
The Bureau of Ocean Energy Management has given oil companies, environmentalists and others more time to comment on the plan for selling offshore oil and gas leases, adding on an additional 15 days, FuelFix reports.
The head of the Bureau of Land Management on Tuesday defended the pace of processing of drilling permits on federal onshore leases, but also endorsed legislation to raise industry fees that would give his agency more resources to speed up approvals.
At a hearing before the Senate Energy and Natural Resources Committee, BLM Director Neil Kornze sought to address concerns raised by lawmakers that BLM takes too long to process applications for permits to drill, or APDs. Committee chair Sen. Mary Landrieu, D-La., called the average timetable of more than 200 days "disturbing."
A greater-than-expected increase in crude inventories, coupled with falling stock prices and a strong dollar, sent oil prices tumbling again Wednesday. U.S. benchmark crude for December delivery slid 2.5 percent, or $1.97, to settle at $80.52 a barrel on the Nymex, while in London Brent lost $1.51 to end the trading day at $84.71, Reuters reports.
A lawsuit filed by Citizens for Responsibility and Ethics in Washington -– or CREW -– alleges that the Environmental Protection Agency failed to comply with a Freedom of Information Act request to release documents relating to the biofuels mandate in the 2014 Renewable Fuel Standard, The Hill reports.
Duke Energy CEO Lynn Good told NPR in an interview that she is focusing on making sure that the company is taking the right steps to address the Dan River coal ash spill, but she hopes that in a year or two the utility can move beyond the matter.
Three states in New England and two on the West Coast headed the list when it came to energy efficiency in 2014, while North Dakota, home to the Bakken shale, brought up the rear, in a survey published Wednesday by the American Council for an Energy-Efficient Economy, according to U.S. News & World Report.
Insurance companies are covering less but losing more money as a result of natural disasters, and sustainability advocate Ceres found in a survey that many “show a profound lack of preparedness” when it comes to the impact of climate change, The New York Times reports.
Sen. Joe Manchin, D-W.Va., has cruised waters off the Rhode Island coast to view the impact of climate change on marine life, and now Sen. Sheldon Whitehouse, D-R.I., is visiting his colleague’s home state to learn first-hand about the impact of government policy on the lives of coal miners, the Los Angeles Times reports.
An analysis of state environmental data by the Natural Resources Defense Council found that 5 million people in California already live within a mile of an active oil or gas well, and expanding drilling could expose them to greater health risks, the Los Angeles Times reports.
Four major corporations announced Wednesday they will offer employees discounts on buying or leasing home solar systems through Geostellar, in what's called the Solar Community Initiative program, The New York Times reports.
In order to cope with Western sanctions, the state-owned oil giant Rosneft is asking the Russian government for more than 2 trillion rubles, the equivalent of nearly $50 billion, The Wall Street Journal reports.