New driller Independence Resources Management LLC -- which intends to focus on unconventional shale plays in places like the Anadarko Basin – is getting $500 million in backing from private equity firm Warburg Pincus, the Houston Business Journal reports.
NEW YORK (AP) — It was a run-of-the-mill complaint — a smell of gas — with a troubling explanation: Someone had improperly tapped into a Manhattan building's gas line, and it was leaking.
The issue was quickly resolved. But seven months later, authorities suspect another round of gas-pipe tampering caused a fiery explosion at the same building, killing two people, injuring nearly two dozen and leveling three buildings in all.
NICOSIA, Cyprus (AP) — Hopes of a restart to talks to reunify the small Mediterranean island nation of Cyprus swelled Monday after breakaway Turkish Cypriots said they will halt their own search for gas off Cyprus' coast.
Ozdil Nami, Turkish Cypriot foreign minister, told The Associated Press that a Turkish vessel that has been searching for gas the last few months will be sent back to Turkey. Nami also said that a notice alerting shipping traffic to an ongoing gas search won't be renewed if Greek Cypriots don't renew their own.
CONCORD, N.H. (AP) — There is near universal agreement that the Northeast has to expand its energy supply to rein in the nation's highest costs and that cheap, abundant, relatively clean natural gas could be at least a short-term answer. But heels dig deep when it comes to those thorniest of questions: how and where?
Proposals to build or expand natural gas pipelines are met with an upswell of citizen discontent. At the end of last year, a Massachusetts route selected by Texas-based Kinder Morgan generated so much venom that the company nudged it north into New Hampshire — where the venom is also flowing freely. During this winter's town meetings, a centuries-old staple of local governance in New England, people in the nine towns touched by the route voted to oppose the project.
NEW YORK (AP) — After two bodies were pulled from the rubble of a Manhattan apartment building collapse, authorities shifted their focus to what caused the massive explosion and fire and the possibility that someone may have improperly tapped a gas line serving one of the buildings.
"There's reason to believe so far that there may have been inappropriate tampering with the gas lines within the building, but until we get full evidence we can't conclude that," Mayor Bill de Blasio said Sunday.
Although sand and water are the primary substances used in fracking, an Environmental Protection Agency analysis of data from FracFocus.org found that nearly 700 chemical additives appear as well, according to The Hill.
NEW YORK (AP) — Someone may have improperly tapped a gas line before an explosion that leveled three apartment buildings and injured nearly two dozen people, Mayor Bill de Blasio said Friday as firefighters soaked the still-smoldering buildings and police searched for at least two missing people.
"There is a possibility here that the gas line was inappropriately accessed internally by people in the building," but officials need to get access to the wreckage to explore it further, de Blasio said. He wouldn't say more about why officials believe that's a possibility.
Pioneer Natural Resources is the second U.S. firm, after Enterprise Products, to begin exploring how to take advantage of the end of the U.S. oil export ban and could begin shipments by the middle of next year, The Hill reports.
Two competing initiatives designed to give Florida residents a constitutional right to rooftop solar energy are running out of time without enough signatures yet to make next November's ballot, the Naples Daily News reports.
SolarCity CEO Lyndon Rive joined Sen. Charles E. Schumer in Buffalo this week to call the five-year extension of a federal tax subsidy "super important" to the continued growth of the solar power industry, The Buffalo News reports.
Continued concerns about oversupply forced oil prices downward early Wednesday, nearing an 11-year low already reached once this week. London Brent fell 31 cents to $37.05 a barrel while U.S. crude remained unchanged at $37.50, Reuters reports.
A group of researchers at MIT, the University of California-Berkeley, and the University of Colorado have developed a new computer microchip that uses optical technology and creates the potential to make future computer data centers more energy efficient, the journal Science reports.
A Japanese court on Thursday rejected safety concerns and approved letting Kansai Electric Power, the country's second biggest utility, restart four nuclear reactors shuttered since the 2011 Fukushima disaster, Reuters reports.