Analysts project railroad companies could potentially reap large savings by switching from diesel fuel for trains to liquefied natural gas, though the high initial investment to upgrade locomotives has hindered the switch, FuelFix reports.
After nine straight sessions of growth that saw natural gas prices rise more than 23 percent, prices fell 15.7 cents to $4.255 per million British thermal units on Monday as traders looked to cash in on profits, The Wall Street Journal reports.
Sen. John Hoeven is likely to get a committee vote this week on his bill to speed up Energy Department reviews of liquefied natural gas export proposals, but the outlook for Senate passage during the upcoming lame duck session appears anything but certain.
The Senate Energy and Natural Resources Committee on Thursday will take up the proposal by Hoeven, R-N.D., at a business meeting that could see votes on 20 pending bills, the panel's chair, Sen. Mary Landrieu, announced.
Though Freeport LNG needs two more permits to commence construction on its liquefied natural gas export facility in Quintana, Texas, the company on Monday held a groundbreaking ceremony with plans to begin building by Thanksgiving, FuelFix reports.
A second preliminary deal for Russia's Gazprom to supply China with natural gas is expected to lower prices in Asia, boosting competition among countries looking to expand exports to the continent, The Wall Street Journal reports.
At the Asia-Pacific Economic Cooperation meeting in Beijing, China and Russia signed a second initial natural gas supply deal, building on a $400 billion deal signed earlier this year for Russia to provide China with gas, Bloomberg reports.
In an interview with the Houston Chronicle, Israel's Economy Minister Amit Lang discusses his country's efforts to lure foreign oil and gas companies to develop the energy-rich Leviathan gas field off its coast.
The British government on Saturday announced plans to create a sovereign wealth fund to save proceeds from natural gas extraction from shale, though the United Kingdom has yet to begin shale gas production, The New York Times reports.
The country's stockpile of natural gas has risen to 3.571 trillion cubic feet, the Energy Information Administration says, a full recovery from the 11-year low caused by the brutal winter, The Hill reports.
U.S crude prices racked up their first weekly gain since September, as news that China cut interest rates to boost its economy raised expectations of increased oil demand in the future. West Texas Intermediate crude for January delivery was up 66 cents to finish Friday’s Nymex session at $76.51 a barrel, while in London Brent jumped $1.03 to settle at $80.36, Bloomberg reports.
Royal Dutch Shell, Hess Corp., Exxon Mobil Corp. and Chevron Corp. are among major oil companies with new drilling projects in the Gulf of Mexico, a number in deep water, although a continued decline in oil prices could slow development, The Wall Street Journal reports.
Phillips 66 Partners and Paradigm Energy Partners will join forces to construct the 76-mile Sacagawea Pipeline and a 710-acre rail terminal aimed at transporting Bakken crude from North Dakota more effectively, FuelFix reports.
Customers will see substantially higher energy prices as a result of the Environmental Protection Agency’s rule to curb carbon emissions from existing power plants, according to a study commissioned by coal company Peabody Energy and conducted by Energy Ventures Analysis, which offers a state-by-state breakdown of costs, the San Antonio Business Journal reports.
Rep. Raul Grijalva, D-Ariz., is expected to carry the flag for environmental issues -- fighting climate change, in particular -- as he becomes his party’s ranking member on the House Natural Resources Committee in the next Congress, E&E reports.
No matter the winners in significant battleground states in the 2014 elections, voters there support the fight against climate change, the Sierra Club said, citing statistics from a poll conducted by Hart Research Associates, The Hill reports.
Most Americans believe poorer, less developed parts of the world will bear the brunt of climate change, rather than the U.S., according to a survey conducted by the Public Religion Research Institute and the American Academy of Religion, E&E reports.
The world spent less money -- $331 billion -- on fighting climate change in 2013, the second year in a row the figure dropped, according to a study from the Climate Policy Initiative, which attributed the fall in part to the lower cost of solar energy, Reuters reports.
Only 3.87 billion cubic meters of natural gas heading to Europe from Russia moved through pipelines in Ukraine in October, a little over half of the amount transiting in the year-ago period, Platts reports.