Eni SpA’s discovery of sizeable gas deposits in the Zohr field off the Egyptian coast could help fix Egypt’s ailing economy, but could also complicate Arab-Israeli diplomacy, The New York Times reports.
Members of parliament can vote but won’t get a chance to debate on a move to allow fracking underneath national parks in Britain, a maneuver that’s drawing criticism from opposition Labour politicians as well as drilling opponents, The Guardian reports.
CONCORD, N.H. (AP) — Northeasterners who are digging deeper into their pockets to pay for firewood this season can add a new scapegoat to the roster of usual market forces: fracking.
Yep, a timber industry representative in New Hampshire said those hydraulic fracturing well sites in Pennsylvania's Marcellus Shale formation to suck natural gas out of the ground are using construction "mats" made of hardwood logs — think of the corduroy roads seen in sepia-toned photographs from the 1800s — to get heavy equipment over mucky ground, wetlands or soft soils.
Concerns about methane leaks shouldn’t undermine a shift from coal- to gas-fired plants, according to the Centre for Policy Studies, a British free-market think tank, which says projections of such leaks from the shale gas extraction process have been “seriously overestimated,” Platts reports.
Faced with falling natural gas prices, EQT Corp. will suspend drilling operations outside of its most profitable core of wells in the Marcellus and Utica Shale plays, the Pittsburgh Business Times reports.
Following a public hearing Monday, the New Jersey Board of Public Utilities could decide as early as November on an application from South Jersey Gas to build a pipeline that would run through 10 miles of protected Pinelands, The Inquirer reports.
The Interior Department’s Office of Natural Resources Revenue has fined Chesapeake Energy $2.1 million for “repeated” and “systematic errors” in underreporting the amount of natural gas it produced on Indian land in Oklahoma, in violation of a 2011 order, The Oklahoman reports.
The stocks of U.S. petroleum products increased last week, the Energy Information Administration reported, although the million barrel rise in crude stocks was less than analysts’ expected, while the jump in gasoline stocks exceeded predictions, according to Reuters.
Earthjustice filed court papers Tuesday on behalf of several environmental and health groups seeking to intervene to defend the Environmental Protection Agency’s lower ozone limits from a lawsuit brought by coal company Murray Energy, The Hill reports.
State Department climate envoy Todd Stern told a news conference that he’s thinking about the upside, not the downside, heading into a critical global conference on climate change policy that starts Monday, National Journal reports.
The plan for coal producer Walter Energy to emerge from bankruptcy is being fought by unions and the firm’s retired workers in Alabama, but a court Tuesday approved the company’s move to auction off assets, Reuters reports.
Acting to lower its credit rating for Pemex, Moody’s Investors Service pointed to the firm’s increasing debt and declining earnings, although Mexico’s national oil company responded by saying the move brings the agency in line with other ratings firms, The Wall Street Journal reports.
The White House and the billionaire conservative Koch brothers have been allies recently in moves to liberalize the nation’s criminal justice laws, but they are disagreeing over one measure that would require proof of suspects knowingly engaging in unlawful conduct, The New York Times reports, noting that such a move is alarming environmentalists.
According to a report released this week by the U.N. Office for Disaster Risk Reduction, weather-related disasters have caused more than 600,000 deaths and trillions of dollars in damages over the past 20 years, The New York Times reports.
A market-based approach for cutting vehicles’ greenhouse gas emissions—which could include mileage-based driver fees or emissions trading—is the goal as Connecticut, Delaware, New York, Rhode Island, Vermont, and the District of Columbia announced an agreement to work together on the issue, Reuters reports.