MEXICO CITY (AP) — An official with Mexico's state-run oil company says a proposed energy reform could make it easier for Petroleos Mexicanos to create subsidiaries to exploit the country's vast shale oil and gas reserves.
Clinton-era Environmental Protection Agency Administrator Carol Browner said the current boom in natural gas production could provide a bridge to cleaner forms of energy but noted its potential impact on climate change, Bloomberg reports.
Wyoming's Supreme Court heard arguments from environmental and landowner groups challenging a state policy allowing the gas industry to protect hydraulic fracturing chemical formulas as trade secrets while state officials and Halliburton defended the measure, The Associated Press reports.
The Bureau of Land Management reauthorized its earlier approval of the already-built Ruby natural gas pipeline spanning from Wyoming to Oregon without requiring new mitigation or conservation efforts, E&E reports.
House Republicans and a few Democratic colleagues locked arms Wednesday to tell President Barack Obama that states should be in charge of hydraulic fracturing on federal oil and gas leases.
Indeed, House passage of a bill by Rep. Bill Flores, R-Texas, to curtail the Interior Department's fracturing regulation proposal may make good politics, especially in the West. But it isn't going anywhere in the Senate, and that means states, stakeholders and industry will have to wait for Interior Secretary Sally Jewell to make her next move.
NEW YORK (AP) — The price of oil showed little change Wednesday after the minutes of the last Federal Reserve meeting indicated that policymakers intend to soon begin winding down the central banks' economic stimulus.
Power generated by the planned Hancock Wind project in Maine will be sold to Burlington Electric Department in Vermont, according to a deal announced Friday by wind farm operator First Wind, the Boston Globe reports.
Virginia's has moved closer to its goal of setting up a research turbine on the Outer Continental Shelf off the state's coast to gather wind data, now that BOEM has found no competing interests in the area, Newsplex.com reports.
ConocoPhillips said Friday it will set aside more than half of its $16.7 billion budget next year for North American shale projects, adding that it expects to hit its production target of 1,600 barrels a day, Reuters reports.
Cheniere's soaring share price hit a new record high Thursday and then again on Friday, following news of a deal to supply natural gas to Indonesia from a Corpus Christi facility that's still in the planning stages, according to Fuelfix.
Solaria has filed suit against a federal agency, seeking nearly $30 million after the Overseas Private Investment Corp. walked away from a deal with the California solar firm despite signing a commitment letter offering financing.
U.S. oil prices will remain relatively low and demand will increase, according to a Goldman Sachs analyst, who predicts the commodity cycle dominated by strong demand from China and India will turn "upside down," Reuters reports.
A Colorado State University professor says the oil and gas industry has helped the state recover from the recession, according to the Reporter-Herald, though not without social and environmental costs.