MOSCOW (AP) — The amount Russia says it is owed by Ukraine's cash-strapped government for natural gas has ballooned as if by magic — from $1.7 billion at the beginning of April to a staggering $35.4 billion, according to a letter sent by President Vladimir Putin this week to 18 European leaders.
COLUMBUS, Ohio (AP) — Geologists in Ohio have for the first time linked earthquakes in a geologic formation deep under the Appalachians to hydraulic fracturing, leading the state to issue new permit conditions Friday in certain areas that are among the nation's strictest.
A state investigation of five small tremors last month in the Youngstown area, in the Appalachian foothills, found the injection of sand and water that accompanies hydraulic fracturing, or fracking, in the Utica Shale may have increased pressure on a small, unknown fault, said State Oil & Gas Chief Rick Simmers. He called the link "probable."
While earlier studies had linked earthquakes in the same region to deep-injection wells used for disposal of fracking wastewater, this marks the first time tremors in the region have been tied directly to fracking, Simmers said. The five seismic events in March couldn't be easily felt by people.
European Energy Commissioner Guenther Oettinger told Austrian radio Friday he sees "no reason to panic" about EU gas supplies that come from Russia, adding that he was working on a plan to help Ukraine pay for its share of Russian gas, Reuters reports.
Natural gas for May delivery soared 1.5 percent on Nymex Thursday, climbing 6.9 cents to settle at $4.655 per million Btu, on worries that in the increase supplies reported in weekly data from the Energy Information Administration came in far lower than expected, The Wall Street Journal reports.
WASHINGTON (AP) — Treasury Secretary Jacob Lew is warning Russia that it could face tougher economic sanctions because of its actions in Ukraine but so far other economic powers are showing a reluctance to go as far as the United States.
Lew delivered his warning Thursday to Russian Finance Minister Anton Siluanov, telling him that the Obama administration was willing to impose "additional significant sanctions" if Russia escalates the Ukraine situation. Treasury said in a statement that Lew described Russia's annexation of Crimea as "illegal and illegitimate."
LANSING, Mich. (AP) — The Michigan Department of Natural Resources has barred two energy companies under criminal indictment from participating in oil and gas lease auctions.
DNR Director Keith Creagh says Chesapeake Energy Corp. and Encana Corp. can't participate in auctions until Michigan charges against them are resolved. The state also won't execute Encana's pending lease and will refund the company's money.
An Ohio judge has ruled that a couple challenging a fracking lease for Antero Energy have legal standing to pursue their lawsuit against the state and the Colorado firm intending to drill for gas around Seneca Lake, The Columbus Dispatch reports.
Support for a review of any proposal to send Canadian oil sands crude through the Portland Montreal Pipe Line by Republican Sen. Kelly Ayotte of New Hampshire has environmentalists wondering if she will rethink her support for the Keystone XL project, E&E reports.
The Supreme Court heard arguments in a case that pits an electronics manufacturer against North Carolina landowners over groundwater pollution and whether a state statute takes precedence over federal law that exempts toxic waste cases from deadlines, E&E reports.
All four candidates vying for the Republican nomination to challenge Sen. Kay Hagan, D-N.C., in the November election said they didn’t think climate change was a fact, when asked the question in a debate Tuesday night, The Hill reports.
Arch Coal’s investment in DKRW’s proposed coal gasification plant has cost it $57 million, according to the annual report the company filed with the Securities and Exchange Commission, the Casper Star-Tribune reports.
The EU’s top energy official will discuss sending gas to Ukraine through Slovakia in negotiations Thursday, and on Monday Moscow hosts Kiev’s energy minister for talks on Russian gas prices for Ukraine, Reuters reports.
Phil Radford, who became the youngest person to head the American operation for Greenpeace, is departing after four years of working on broadening the environmental group’s reach, National Journal reports.
The Chinese Ministry of Environmental Protection has lifted an eight month ban on the country’s two biggest refiners starting new projects, after China National Petroleum Corp. and Sinopec met pollution targets, The Wall Street Journal reports.