Growing LNG demand in Asia, South America and Europe will more than offset any potential increases in supply from the U.S., Australia and North Africa, according to a study by Bernstein Research, Platts reports.
HARRISBURG, Pa. (AP) — A new state report says Pennsylvania's natural gas industry remained a relatively small contributor of air pollution in 2012 from industrial facilities, despite including more compressor stations than 2011.
The Department of Environmental Protection released the data Thursday.
Ex-BP CEO John Browne may be out in front of the push for fracking in Britain, but moves are afoot elsewhere globally -- in Europe and China, Argentina and Mexico -- to start extracting gas from shale, Bloomberg reports.
Documents filed to support a court challenge to Pennsylvania's oil and gas law claim that the state Department of Environmental Protection doesn't always record or make public complaints about water contamination, particularly in cases where drillers negotiate settlements with private water well owners, the Pittsburgh Post-Gazette reports.
The price of oil drifted lower Thursday even after China introduced measures to underpin growth and U.S. crude inventories unexpectedly declined.
Benchmark U.S. crude for May delivery was down 50 cents to $99.12 a barrel at 0900 GMT in electronic trading on the New York Mercantile Exchange. The contract shed 12 cents to close at $99.62 on Wednesday.
Brent crude, used to set prices for international varieties of oil, was down 13 cents to $104.66 a barrel on the ICE exchange in London.
High demand in Asia for natural gas is pushing some energy companies to develop floating liquefied natural gas processing plants in an effort to cut costs and speed fuel transfer, The Wall Street Journal reports.
An analysis from Bloomberg suggests that Gazprom's failed prediction of having a market value of $1 trillion in 2014 and its precipitous collapse is emblematic of wider problems in the Russian economy under Vladmir Putin.
Eight House Democrats urged the Environmental Protection Agency to relaunch investigations into water contamination in Wyoming, Pennsylvania and Texas that may have been caused by natural gas drilling methods, including hydraulic fracturing, The Hill reports.
The Department of Energy has announced measures to cut methane emissions from the country’s natural gas industry including setting efficiency standards for natural gas compressors and offering incentives for infrastructure modernization, StateImpact Pennsylvania reports.
The latest round of sanctions the U.S. and Europe have announced against Russia over its actions in Ukraine, by withholding drilling technology, are aimed at Moscow’s ability to tap its Arctic and shale reserves, The New York Times reports.
With anticipation -– ahead of the release of government data Wednesday –- that stockpiles may have shrunk by more than a million barrels, benchmark West Texas Intermediate crude for September delivery was up 47 cents to $101.44 a barrel in electronic trading on the New York Mercantile Exchange, while in London Brent crude dropped 37 cents to $107.35, Bloomberg reports.
Singer Jimmy Rose, invited by Sen. Mitch McConnell, R-Ky., to testify at an Environmental Protection Agency hearing on its rule to limit carbon emissions from existing power plants, hopes to use his music to make his pro-coal message, National Journal reports.
Green groups -- including the Sierra Club and the Environmental Defense Fund -- rallied outside Environmental Protection Agency headquarters Tuesday to boost support for the EPA’s rule to limit carbon emissions from power plants as hearings about the regulations got underway, E&E reports.
Enterprise Products Partners will have to pay $535.8 million to Energy Transfer partners after backing out of a deal to build a pipeline together, a Dallas judge has determined, although legal experts believe the judgment will be appealed, FuelFix reports.
Second quarter profits for Anadarko Petroleum Corp. – which settled litigation over its Kerr-McGee acquisition for $15.5 billion earlier this year – were reported at $227 million, a 76 percent drop from the period a year earlier and below analysts’ expectations, although $4.44 billion in revenue beat predictions, according to The Wall Street Journal.
An important part of legislation needed to open up Mexico’s energy sector to private investment won approval in the lower house Tuesday, but the measure will need to return to the Senate there for further approval, FuelFix reports.
Federal agencies would have to make public the data they use to determine whether species are endangered, and would have to report to Congress on money and time spent on lawsuits related to the Endangered Species Act, under a bill to amend it that was approved by the House on a 233-190 vote Tuesday, The Hill reports.
Offers outnumbered bids in the first round of the Massachusetts auction of solar renewable energy certificates this year, so the results were scrapped, the terms will be changed and a second round of bidding will be held, Platts reports.