The American Petroleum Institute on Thursday contended that new polling it commissioned shows strong public support for oil and gas drilling, results the organization hopes will help it overcome concerns over hydraulic fracturing, particularly in New York and Colorado, that could be reflected at the ballot box this fall.
Fracking has been banned in New York since 2008, a ban Democratic Gov. Andrew Cuomo expects to keep in place until at least next year. Statewide, public sentiment is divided over whether to allow the practice in gas-rich areas along the Pennsylvania border, with opposition running ahead of support, according to recent independent polls.
Colorado is also caught up in political debate over fracking, despite that state's moves to regulate the practice. Opponents are pursuing statewide ballot initiatives that would let communities prohibit its use, proposals which are opposed by oil and gas companies.
NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results.
GE posted lower overall first-quarter net income than a year ago, but that's only due to the sale of NBC Universal during that period. The company said Thursday that its industrial divisions, especially oil and gas, performed well and that the global economic environment was improving.
Only about 200 of Ford's F-150 pickups that can run on compressed natural gas have been sold, FuelFix reports, noting that company officials predict interest will grow once the vehicle gets more established in the market.
ALIQUIPPA, Pa. (AP) — A plan to build a huge new petrochemical plant in western Pennsylvania is making progress, Shell Oil Co. officials said Wednesday — but there's still no guarantee the multi-billion dollar project will actually be constructed.
That message of optimism and caution was stressed by company officials to about 200 people who showed up for the first of two public meetings regarding a proposed plant site about 30 miles northwest of Pittsburgh.
Frigid weather this past winter that resulted in gas price spikes points to the need to improve the ways natural gas gets to market, but more pipeline capacity may not necessarily steady costs, panel members said at a gas forum in Atlanta, Platts reports.
As part of a two-year plan to dispose of some of its assets, BP is looking for buyers to take on rights for some 280,000 acres in the Texas Panhandle, in an area rich in natural gas that the company says would be better suited to an operator used to getting the most out of mature territory, FuelFix reports.
KINGSTON, Jamaica (AP) — A Hong Kong-based company has been granted a license for what would be a major new power project in Jamaica, the Caribbean island's energy minister announced Tuesday.
Phillip Paulwell said Energy World International is to supply 381 megawatts of natural gas-fired generating capacity for Jamaica's power grid. He called the project a "game changer" for the tropical country, which is almost entirely dependent on imported petroleum and diesel fuel.
LOUISVILLE, Ky. (AP) — Two brothers who defrauded millions of dollars from thousands of investors in an oil and gas drilling scheme lost a bid Tuesday to have their convictions and sentences overturned.
The U.S. 6th Circuit Court of Appeals concluded that prosecutors presented enough evidence to back their contention that 53-year-old Christopher Cello Smith of Prestonsburg, Ky., and 58-year-old Michael D. Smith of Cookeville, Tenn., defrauded thousands of investors.
The Smiths ran a company called Target Oil and Gas. Prosecutors said the company asked investors to fund drilling projects in Kentucky, Texas, West Virginia and Tennessee but used fraudulent marketing materials and false geological surveys to persuade them.
PITTSBURGH (AP) — Shell Oil Co. plans to hold public meetings Wednesday to discuss the possibility of building a huge natural gas processing plant.
In early 2012, Shell chose a site about 35 miles northwest of Pittsburgh for the possible multibillion-dollar plant, and the company has purchased property in the area and sought bids from suppliers. That same year, it also got what lawmakers call Pennsylvania's largest ever taxpayer-financed incentive package.
But Shell spokeswoman Kimberly Windon said there's still no guarantee that the project will be built.
Support for a review of any proposal to send Canadian oil sands crude through the Portland Montreal Pipe Line by Republican Sen. Kelly Ayotte of New Hampshire has environmentalists wondering if she will rethink her support for the Keystone XL project, E&E reports.
The Supreme Court heard arguments in a case that pits an electronics manufacturer against North Carolina landowners over groundwater pollution and whether a state statute takes precedence over federal law that exempts toxic waste cases from deadlines, E&E reports.
All four candidates vying for the Republican nomination to challenge Sen. Kay Hagan, D-N.C., in the November election said they didn’t think climate change was a fact, when asked the question in a debate Tuesday night, The Hill reports.
Arch Coal’s investment in DKRW’s proposed coal gasification plant has cost it $57 million, according to the annual report the company filed with the Securities and Exchange Commission, the Casper Star-Tribune reports.
The EU’s top energy official will discuss sending gas to Ukraine through Slovakia in negotiations Thursday, and on Monday Moscow hosts Kiev’s energy minister for talks on Russian gas prices for Ukraine, Reuters reports.
Phil Radford, who became the youngest person to head the American operation for Greenpeace, is departing after four years of working on broadening the environmental group’s reach, National Journal reports.
The Chinese Ministry of Environmental Protection has lifted an eight month ban on the country’s two biggest refiners starting new projects, after China National Petroleum Corp. and Sinopec met pollution targets, The Wall Street Journal reports.