Cheniere Energy is asking its investors to approve the issuance of 30 million new shares to enable the company – which has one of the country’s top paid CEOs in Charif Souki – to continue providing big compensation packages, The Wall Street Journal reports.
A natural gas trade group has estimated that the Obama administration's upcoming greenhouse gas rule for existing power plants could help drive up gas demand for electricity by as much as 45 percent, but sees little price impact because of the nation's massive reserves.
The estimate marks the high end of preliminary calculations by the America's Natural Gas Alliance., representing major gas producers, which puts the additional demand on the gas industry in a range of between 3 billion cubic feet per day up to 10 billion from the rule and other EPA pollution regulations.
The Energy Department on Thursday proposed to discontinue conditional approvals of applications to export liquefied natural gas to non-free trade agreement nations.
Instead, the department would review projects that have first completed the National Environmental Policy Act process, according to a blog post by Christopher A. Smith, the department's principal deputy assistant secretary for fossil energy.
He said the change would set up a streamlined process, focused more on projects that are likely to be built. Smith added that the change would also give the department better information on potential domestic market impacts. The proposal will be open to public comment for 45 days.
The department will also begin a second economic impact study of exports from 12 billion cubic feet per day to 20 billion cubic feet per day, Smith said, following up to its 2012 study that looked at exports below that range.
HOUSTON (AP) — The amount of explosive gas tainting a North Texas neighborhood's water supply has increased in recent years, but the state's oil and gas regulator says it can't link the methane to drilling activity nearby, according to a report it released Wednesday.
The state Railroad Commission has found that the contamination has gotten worse in most of the private water wells it tested in September 2013 compared with what was measured in 2010 and in 2011. However, Peter Pope, the agency geologist who signed off on the report, wrote that staff "has determined that the evidence is insufficient to conclude that Barnett Shale production activities have caused or contributed to methane contamination beneath the neighborhood."
HOUSTON (AP) — Texas' oil and gas regulator says an investigation into explosive gas tainting a Dallas-area water supply has found no evidence the contamination originates with gas drilling activity nearby.
The Railroad Commission report, released on Wednesday, says the methane levels have increased in many of the water wells tested in September 2013 compared to what was measured in 2010. But the agency says it cannot definitively link the gas found in the wells to hydraulic fracturing operations in the Barnett shale.
At 1,311 billion cubic feet, natural gas imports last year were at their lowest level since 1989, according to the Energy Information Administration, which estimated that domestic production rose 1 percent in 2013 to a new record of 24,282 billion cubic feet, Platts reports.
The Pennsylvania Environmental Defense Foundation has filed suit in Commonwealth Court, seeking an injunction to block the leasing of any more state land for natural gas drilling, The Patriot-News reports.
British Columbia, which has been a leader in policies to curb carbon emissions and fight climate change, is trying to figure out how a gas boom from fracking, likely leading to a surge of Asian exports, will fit in, The New York Times reports.
Aruba Petroleum is challenging a Texas jury’s award of nearly $3 million in damages to a couple who claimed to be sickened by drilling-related air pollution in the Barnett Shale, InsideClimate News reports.
Coming from different sides of the issue, environmentalists and a number of states presented arguments in the U.S. Court of Appeals for the District of Columbia Circuit against the Environmental Protection Agency’s designation of areas that do and don’t meet its 2008 ozone rule, E&E reports.
Tom Steyer is closing in on the $50 million he promised to put into his NextGen Climate PAC in the 2014 election cycle, as the $15 million he added in September – reflected in Federal Election Commission records – brings his total to some $41 million, The Hill reports.
Minnesota Democrats Sen. Al Franken and Rep. Collin Peterson, as well as Michigan Senatorial candidate Rep. Gary Peters, are getting support from ads being run by Fuels America, a biofuels group, which is also lending its support to Rep. Lee Terry, R-Neb., The Hill reports.
If oil prices dropped to less than $80 a barrel, a third of U.S. production of shale oil would no longer be economically viable, an analyst told Bloomberg, which reports that such a major development would change the global energy picture.
A bigger-than-expected increase in Chinese quarterly gross domestic product numbers sent oil prices higher Tuesday. West Texas Intermediate crude for November delivery rose 10 cents as the contract expired, to $82.81 a barrel on the Nymex, while in London December Brent jumped 1 percent, or 82 cents, to $86.22, Bloomberg reports.
Crestwood Midstream Partners says it will start seeking binding contracts in November for its proposed 30-mile MARC II natural gas pipeline in New England, having attracted nonbinding commitments for 700 million cubic feet per day already, FuelFix reports.
California’s big agricultural firms produce almonds, pistachios, melons and tomatoes in the Westlands district with irrigation despite the state’s crippling drought, but they buy and import huge quantities of water to do it, the Los Angeles Times reports.
Russia and the crisis over Ukraine, the fallout from the Fukushima nuclear disaster and the advent of cheap shale gas are some of the challenges facing European Union leaders as they meet in a summit to discuss climate change issues later this week, The New York Times reports.