In reporting its second quarter earnings Wednesday, Kinder Morgan announced it would take over Royal Dutch Shell’s interest in the Elba Liquefaction Co., as well as declaring a dividend increase of 14 percent, according to FuelFix.
Representatives of Ukraine gas company Naftogaz participated in a business forum with U.S. officials and executives this week, as some of the reforms to the country’s energy sector begin to open up investment opportunities, Forbes reports.
Researchers led by a group from West Virginia University are estimating that deposits in the Utica Shale region -- of up to nearly 2 billion barrels of oil and 782 trillion cubic feet of natural gas -- are substantially larger than previous predictions, the Pittsburgh Post-Gazette reports.
A new analysis from the Brookings Institution concludes that, aside from the five LNG export projects already under construction in the U.S., few, if any, others will actually end up getting built, FuelFix reports.
Natural gas overtook coal as the top source of U.S. electric power generation for the first time ever earlier this spring, a milestone that has been in the making for years as the price of gas slides and new regulations make coal more risky for power generators.
About 31 percent of electric power generation in April came from natural gas, and 30 percent from coal, according to a recently released report from the research company SNL Energy, which used data from the U.S. Energy Department. Nuclear power came in third at 20 percent.
Environmental Protection Agency estimates of methane leakage from natural gas activity in the Barnett Shale may be 50 percent too low, according to studies made public this week, and researchers say companies aren’t acting to address the leakage problem, the Houston Chronicle reports.
Dismissing a story in Canadian media that a decision on the Keystone XL pipeline is imminent, White House spokesman Josh Earnest said the State Department is still reviewing the proposed project, The Hill reports.
Environmentalists plan to protest the Obama administration approval of drilling in Arctic waters when the president visits Alaska, while the state’s governor and others plan to push for more oil and gas production, National Journal reports.
Despite New Orleans’ recovery from Hurricane Katrina – hailed by President Obama in a visit Thursday – the federal government is still falling short when it comes to improving flood defenses, according to an analysis from the Georgetown Climate Center, E&E reports.
Oil was rising again Friday after prices a day earlier racked up the biggest single day increase since March, 2009. U.S. benchmark crude for October delivery was up $1.56 to $44.12 a barrel on the Nymex, while in London Brent jumped $1.18 to $48.74, The Wall Street Journal reports.
Seeo – a California-based developer of electric car batteries that holds a licence for patents from the Lawrence Berkeley National Laboratory – has been acquired by international car parts company Robert Bosch, Reuters reports.
An analysis prepared for the New England Coalition for Affordable Energy -– which was funded by the American Petroleum Institute and America’s Natural Gas Alliance -– found that New England could end up paying $5.4 billion more for energy if the region fails to upgrade its infrastructure, the New Haven Register reports.
Hercules Offshore didn’t appeal a move by Nasdaq to have its stock deslisted from the exchange in the wake of its Chapter 11 filing, so the company stock – trading for 7 cents a share Thursday afternoon – is now handled in the over-the-counter market, FuelFix reports.
In the heart of Colorado’s drilling boom, Weld County saw the highest rate of job growth in the country even though the state adopted air pollution rules seen as a precursor to those under consideration at the Environmental Protection Agency, E&E reports.