The head of an environmental group that has backed the regulation of methane from oil and gas production reacted positively late Tuesday to a news report that the Obama administration will propose new rules this year.
At the same time, the oil industry's trade association argued that it is already cutting emissions and does not need federal standards.
The Environmental Defense Fund's president Fred Krupp said an administration regulatory strategy, reported by The New York Times to be unveiled this week, could be a "landmark moment" for the push to rein in methane if it indeed sets ambitious reduction targets.
FirstEnergy Corp., operating in the territory of the Marcellus Shale and the Utica Shale, is shifting its focus away from electricity generation to the more profitable business of natural gas processing and transmission, the Pittsburgh Post-Gazette reports.
Fourteen lawmakers from Western states have sent a letter to Federal Energy Regulatory Commission chair Cheryl LaFleur, urging the FERC to approve the Jordan Cove Project, an LNG export terminal proposed for Oregon’s Coos Bay, The Hill reports.
Market conditions may have delayed other proposed LNG facilities, but the massive project in Alaska, supported by the state and a number of major oil companies, is proceeding according to its timeline, the Alaska Dispatch News reports.
EATONTOWN, N.J. (AP) — All that would peek above the ocean waves off New York and New Jersey would be two small buoys tethered to underwater pipes. But they're already casting a large shadow, with potential effects on the economy of the New York metropolitan area, the marine environment, and even America's future as a net importer or exporter of energy.
Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.
No winter rally has materialized for natural gas despite the onset of cold weather, The Wall Street Journal reports, noting that prices have slumped 35 percent since mid-November and speculating that traders are betting that supplies are sufficient to cope with the winter season this year.
Natural gas demand will grow this year as the power sector increasingly turns to gas-fired plants to generate electricity, according to the American Petroleum Institute’s annual “State of American Energy” report and the API’s chief economist John Felmy, Platts reports.
NICOSIA, Cyprus (AP) — Hopes that stalled talks to reunify ethnically divided Cyprus would resume any time soon grew dimmer Tuesday after the Cypriot government blamed Turkey's "extremely provocative" plans to renew an oil and gas search off its coast for scuttling a return to negotiations.
Cyprus government spokesman Nicos Christodoulides said that the current deadlock in peace talks is due to Turkey's "threatening and arrogant behavior" that leaves the island no option but to defend its sovereign rights.
Researchers at Miami University in Ohio – in a study published in the Bulletin of the Seismological Society of America – have linked earthquakes felt in Poland Township last year to hydraulic fracturing at wells operated by Hilcorp Energy, FuelFix reports.
Aubrey McClendon’s American Energy Partners will combine its operations in the Marcellus Shale and Utica Shale under the name American Energy Appalachia Holdings in an all-stock deal, the company said, according to The Wall Street Journal.
“A unified legislative response” is needed to address the complex issues surrounding the West’s drought problem, Energy and Natural Resources Committee Chairman Sen. Lisa Murkowski, R-Alaska, said at a hearing Thursday, E&E reports.
For the second time, FutureGen Industrial Alliance is trying to get its Illinois clean coal project revived, and has engaged former Sen. Mary Landrieu to lobby to restore federal backing, The Hill reports.
Oil prices gained 9 percent on the week after holding relatively steady Friday. Light, sweet crude for November delivery finished 20 cents higher to settle at $49.63 a barrel on the Nymex, while in London, Brent lost 40 cents to $52.65, Dow Jones reports.
Oil prices may be rebounding but it will take time for demand to pick up again, Bernard Deroc-Danner, chief of oil field services company Weatherford International, told The Wall Street Journal, as he defended the firm’s job cuts.
Google's Nest Labs, Commonwealth Edison, and several other utility partners have launched a program aiming to get 1 million smart thermostats into homes in Northern Illinois in the next five years, E&E reports.
The SunPort, which plugs into outlets and gives the users access to solar energy through solar credits, has won startup PlugSolar an award from the Consumer Electronic Association, opening the door to more investment funding, Albuquerque Business First reports.
Calling Petrobras’ April move to write down 6.2 billion reais lost to corruption as just “the tip of the iceberg,” a prosecutor said Friday the scandal may end up costing the company more than 20 billion reais—$5.3 billion at the current exchange rate, Reuters reports.
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.