Natural Gas

Markey intros measure to boost Ukraine’s energy sector

Source: 
The Hill

Ukraine would get U.S. assistance to improve its own energy production, under a bill introduced Thursday by Sen. Ed Markey, D-Mass., who hopes to help Kiev become more independent of Moscow, The Hill reports.

Follow through unlikely for pledges to wean Europe from Russian gas

Source: 
Time

Pledges at the G-7 summit to address energy security issues are likely to return to the back burner once the Ukraine crisis eases, Time predicts.

Germany looking at lifting fracking ban

Source: 
The New York Times

Eager to explore alternatives to imported gas, Angela Merkel’s government in Germany is working on a regulatory framework that would allow a resumption of fracking in the country, which has been banned for years, The New York Times reports.

Chesapeake misled landowners to get leases: Michigan prosecutors

Source: 
The Wall Street Journal

Fresh racketeering and fraud charges filed against Chesapeake Energy in Michigan Thursday allege that the company provided misleading information to sign leases with as many as 800 landowners in 2010 and then honored fewer than 30 of them, to prevent competitors from using the land, The Wall Street Journal reports, noting, however, that maximum fines in the case would only be likely to total up to $180,000.

API releases study on hydraulic fracturing and local savings

Washington, June 5, 2014, 10:30 am

American Petroleum Institute holds media teleconference to release study on energy cost savings related to hydraulic fracturing. 

NC to sponsor drilling in fracking push

Source: 
The Charlotte Observer

With Governor Pat McCrory having signed legislation putting in place the framework to start fracking in North Carolina, the state itself intends to sponsor drilling in the east in the autumn, The Charlotte Observer reports.

Cutting output from Dutch gas field due to quakes affects Europe

Source: 
The New York Times

The Netherlands is demanding that Royal Dutch Shell and Exxon Mobil cut output from the Groningen gas field in the northeast of the country because of increasing earthquakes, a move that could have implications for Europe’s energy supply, The New York Times reports.

PG&E expects new indictment over explosion

SAN FRANCISCO (AP) — Pacific Gas & Electric Co. expects to be hit with a new federal indictment next month over a deadly pipeline explosion that leveled a suburban California neighborhood in 2010, a regulatory filing says.

The superseding indictment by the U.S. Attorney's Office would nullify a previous indictment issued in April and could include new or altered charges.

The filing by the utility on Tuesday with the Securities and Exchange Commission did not indicate what changes are expected.

Consol to spend $1B drilling for gas in Marcellus, Utica shales in 2014: COO

Source: 
Platts

Consol Energy, which has been shedding its coal operations to invest in gas, will use around three fourths of its total capital expenditure this year, nearly $1 billion, to drill for natural gas in the Marcellus and Utica shales in Appalachia, according to COO Tim Dugan, formerly of Chesapeake Energy, Platts reports.

Oil

US trade deficit at 2-year high in April, experts hope energy can narrow it

WASHINGTON (AP) — The U.S. trade deficit jumped to a two-year high in April, as exports declined and imports surged to a record high.

The deficit rose to $47.2 billion in April, up 6.9 percent from an upwardly revised March deficit of $44.2 billion, the Commerce Department said Wednesday.

Exports dropped for the fourth month out of the past five, falling 0.2 percent to $195.4 billion. Meanwhile, imports climbed 1.2 percent to an all-time high of $240.6 billion, reflecting record shipment levels of foreign-made cars, food, computers and other goods.

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