One of the buyers as Royal Dutch Shell shed assets this week was private equity giant the Blackstone Group, which picked up a 50 percent stake in a gas field in the Haynesville Shale in Louisiana for $1.2 billion, The New York Times reports.
Houston-based Columbia Pipeline Group has announced plans to spend $1.75 billion to build two new pipelines to move natural gas from the Marcellus and Utica Shale plays into the Northeast and also to connect to systems linked to the Gulf and the Midwest, FuelFix reports.
The Energy Department is set to finalize its new process to review liquefied natural gas exports to non-free trade agreement countries, one that could slow the pace of new approvals to follow the handful issued to date.
The department said the changes would go into effect immediately upon publication of a notice in the Federal Register on Friday, less than a month after a comment period ended.
Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
In one of the deals, announced Thursday, Shell will also receive drilling rights to land in Ohio and Pennsylvania.
Shell is working to focus its onshore U.S. drilling program on a few of the more prolific formations in an effort to boost profitability. The company wrote down the value of its shale acreage in the U.S. by $2.1 billion last year amid lower natural gas prices.
Analysts surveyed by Platts were predicting that Energy Information Administration numbers on last week’s natural gas storage build would come in between 81 and 85 billion cubic feet, which they’ll examine for signals power generators are continuing to switch from coal to gas.
The Texas Railroad Commission, the regulator in charge of the state’s oil industry, has proposed new rules governing the siting of disposal wells. The regulations were crafted by seismologist Craig Pearson, who was hired in April to address mounting concerns over earthquakes, FuelFix reports.
MEXICO CITY (AP) — Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves under the newly enacted opening of the energy business, although the company will form alliances with private firms in some of those fields, the government announced Wednesday.
The allocation given to Petroleos Mexicanos, or Pemex, will equal about 2.5 million barrels of oil a day for 20.5 years, Energy Secretary Pedro Joaquin Coldwell said.
"This guarantees that Pemex will have its development secured in the immediate future," Coldwell said. "Pemex will continue being Mexicans' great company."
A county ordinance exempting Dominion Resources’ proposed Cove Point LNG export terminal from zoning laws violates the Maryland’s constitution, according to a ruling from Judge James Salmon, The Associated Press reports.
Stanford University researchers, presenting their work at the American Chemical Society conference in San Francisco Tuesday, said they found that fracking at the Pavillion gas field in Wyoming was taking place through sources of drinking water, although they did not report on any contamination, the Los Angeles Times reports.
After suing Exxon Mobil for $8.9 billion in damages for wetland contamination in northern New Jersey, the state has suddenly settled the case for $250 million shortly before a judge was expected to issue a ruling for damages, The New York Times reports.
The Environmental Protection Agency’s rules to limit power plant carbon emissions and clarify its jurisdiction over bodies of water are top of the hit list for lawmakers like Rep. Bill Flores, R-Fla., attending the Conservative Political Action Conference, McClatchy reports.
The American Meteorological Society has sent a letter to Rep. Raul Grijalva, D-Ariz., saying that his investigation into the funding behind climate studies “sends a chilling message to all academic researchers,” National Journal reports.
The Forest Service needs to increase harvesting in the Tongass National Forest or timber mills in Alaska’s southeast will start to go bust, Energy and Natural Resources chair Sen. Lisa Murkowski, R-Alaska, told its chief Tom Tidwell at a hearing Thursday, E&E reports.
Fleet cards issued by the U.S. General Services Administration have been illegally used to pay for $2.4 million worth of gasoline by government workers filling up their own personal cars, News4 Washington reports.
The California state senate has announced it will hold three days of public hearings to examine the operations of the Public Utilities Commission, already in the spotlight for its closeness with the companies it regulates, the Los Angeles Times reports.
Members of the Southeast Louisiana Flood Protection Authority-East will decide Monday whether to appeal a judge’s dismissal of their coastal erosion lawsuit against major oil and gas companies, The Associated Press reports.