Total CEO Patrick Pouyanne says his company is negotiating to settle an investigation by the Commodity Futures Trading Commission into some of its market trades, and is willing to settle with the Federal Energy Regulatory Commission as well, The Wall Street Journal reports.
A community in New York has set an October public hearing to examine the Snyder Farm Group project, which is proposing to get around the state ban on hydraulic fracturing by using a gel instead of water in the natural gas drilling process, the Ithaca Times reports.
Money losing natural gas purchases made by Total SA between 2009 and 2012 were intended to move prices to help the company make money on some of its other trading positions, according to Federal Energy Regulatory Commission allegations, The Wall Street Journal reports.
Cheniere Energy says its new deal to send 89 trillion British thermal units of liquefied natural gas to Electricite de France SA from Sabine Pass in 2017-18 brings its total sales thus far to 340 trillion BTUs, Bloomberg reports.
Despite increased building and appliance efficiency and federal projections to the contrary, natural gas distribution is well positioned to continue growing in the coming decades, an industry group says in a new report.
The analysis, unveiled Monday by the American Gas Association, which represents more than 200 natural gas companies, examined eight trends in the residential gas sector, including a greater number of households and appliances powered by natural gas, expanded distribution infrastructure and potential for greenhouse gas reductions.
The United States Energy Association to hold a forum on the state of the global liquefied natural gas exports and the role the U.S. can play. Christopher Goncalves, managing director and co-chair of BRG’s Energy and Natural Resources Practice, to speak.
A planned debate between Republican presidential candidates on energy and environment issues in New Hampshire this week was cancelled after only two agreed to come, and a similar forum for Democrats has been postponed, The Huffington Post reports.
A top Wells Fargo executive on Thursday told a panel in Houston that his bank has lowered its borrowing base for oil companies by an average of about 15 percent because of the drop in crude prices, FuelFix reports. Analysts say the change could mean $15 billion less in capital available to producers.
Oil prices are on track for their biggest weekly gain in six years, rallying again early Friday on expectations that the Federal Reserve will delay raising interest rates. U.S. benchmark crude rose 77 cents to $50.20 a barrel in electronic trading on the Nymex, while in London Brent gained 60 cents to $53.65, Reuters reports.
Under a settlement with the Environmental Protection Agency, Estes Express Lines will pay a $100,000 fine and spend $290,000 on pollution control equipment for operating its trucks in California without filters required under the state’s stringent regulations, the Los Angeles Times reports.
A revised forecast from the National Weather Service says the El Nino weather pattern in place might help alleviate California’s drought this winter by bringing substantial precipitation, The Sacramento Bee reports.
The fall in oil and gas prices may have deferred the decision by Petronas to move ahead on an LNG export project in British Columbia, but the Malaysian company isn’t giving up on the idea, Reuters reports.
Managers at Mark Group Ltd. – bought by SunEdison in July – have purchased the business back but put it into the British equivalent of Chapter 11 bankruptcy protection, laying off more than 900 employees as they closed down company operations, The Wall Street Journal reports.
Funding cuts mean the 14 teams competing in the 2015 Solar Decathlon – launched by Energy Secretary Ernest Moniz in California Thursday – represent the smallest field since the Department of Energy started the event in 2002, National Geographic reports.