The propane shortage during the severe winter could have been dealt with more effectively if it had been anticipated with better data on weather and infrastructure, senators said Thursday at a hearing of the Energy and Natural Resources committee, The Hill reports.
Pipeline operator Enterprise Products partners LP announced a 6 percent increase in first quarter profit Thursday as the need for for fuel transportation grew due to increased demand from the severe winter, as well as soaring supplies, Bloomberg Business week reports.
A €1 billion ($1.39 billion) complex to convert methane to propylene could be built on the Gulf coast by German chemical giant BASF SE, to take advantage of cheap U.S. natural gas prices, The Wall Street Journal reports.
OPAL, Wyo. (AP) — A Wyoming natural gas processing plant is operating at about 40 percent of its typical seasonal level just over a week after an explosion and fire.
Williams Partners said Thursday that two of five cryogenic processing units at its plant near the town of Opal are running just over a week after the explosion was apparently triggered by a release of natural gas. The fire burned out after five days.
GENEVA (AP) — Russia has filed a complaint against the European Union's energy market laws claiming they violate international rules, the World Trade Organization said Thursday.
Among the stakes in the challenge to EU policy are how much control Russia's state-controlled gas company, Gazprom, will be able to exert over European pipelines and the degree to which Europe can diversify its supply lines.
SAN FRANCISCO (AP) — PG&E Corp. reported Thursday that its first-quarter profit fell as costs tied to its natural gas business and other items outweighed improved revenue.
The San Francisco-based utility has been tied up in court for its role in a deadly 2010 natural gas pipeline explosion in nearby San Bruno.
Federal prosecutors allege that its subsidiary Pacific Gas & Electric Co. knowingly relied on erroneous and incomplete information when assessing the safety of the pipeline that eventually ruptured and sparked a fireball that destroyed 38 San Bruno homes, killed eight people and injured dozens of others.
CAMERON, La. (AP) — A proposed liquefied natural gas export terminal in Cameron Parish would not significantly damage the environment, the Federal Energy Regulatory Commission staff said Wednesday. The conclusion also applies to 21 miles of pipeline and associated facilities proposed for Cameron, Calcasieu, and Beauregard parishes.
The project has adequate plans to compensate for filling in 213 acres of wetlands, according to an environmental impact study released Wednesday. It says those include using dredged material to turn an area of open water to brackish marsh and buying credits from approved mitigation banks.
A review by the Federal Energy Regulatory Commission, hailed by Sen. Mary Landrieu, D-La., has found that the environmental impact from the Cameron LNG project in the state would be cut to “less-than-significant levels” given the steps the operator is proposing to minimize it, Platts reports.
RICHMOND, Va. (AP) — Dominion Resources Inc. said Wednesday that its first-quarter profit fell more than 23 percent on costs related to the repositioning of its producer-services business despite higher electricity sales.
The Richmond, Va., energy provider posted earnings of $379 million, or 65 cents per share, for the period ended March 31. That's down from $495 million, or 86 cents per share, a year ago.
A failure to lift the ban on crude exports could have a chilling effect on the U.S. oil boom, Rice University economist Kenneth Medlock told a panel in Washington Wednesday, painting a “train wreck” scenario where falling domestic crude prices could encourage drillers to go elsewhere, FuelFix reports.
Meeting voters in Iowa, Vice President Joe Biden wouldn’t divulge it when asked his opinion on the Keystone XL pipeline -- although he said he had given it to President Obama -- commenting that he’s learned “not to step on the president’s lines,” The Guardian reports.
Taking a stance against measures to fight global warming will be "extremely harmful" to Republican candidates when voters cast ballots in the general election for president in November, 2016, activist Al Gore told National Journal in an interview Wednesday.
The same set of factors weighing on oil in recent weeks – ample supply, weak demand projections and a strong dollar – moderated by renewed Libya fighting that affected oil production, saw prices edge down Thursday. U.S. benchmark crude dropped 21 cents to $94.21 a barrel in electronic trading on the Nymex, while in London Brent slipped 7 cents to $98.90, Reuters reports.
Consol Energy and Noble Energy hope to raise more than $422 million on 20 million shares up for sale in an initial public offering for their firm Cone Midstream Partners, according to documents filed with the Securities and Exchange Commission Wednesday, the Houston Business Journal reports.
George P. Bush is unlikely to have much trouble winning his race to become Texas land commissioner, which gives him control over the state’s oil and gas contracts and has been a jumping off point for those seeking higher office in the past, E&E reports.
Massachusetts is selling $350 million in green bonds this week, more than three times what the state sold last year, as it tries to cash in on interest in environmentally friendly investments, The Wall Street Journal reports.
In a non-binding vote last week, shareholders of Cheniere Energy said no to the company’s 2013 plans for executive compensation, including a package for CEO Charif Souki worth $142 million, according to documents filed with regulators Wednesday, FuelFix reports.
A task force report recommending against fossil fuel divestment for the University of California right now was backed by a regents committee Wednesday and is expected to gain the support of the full board Thursday, the Los Angeles Times reports.