A shortage of tankers and an old law that prohibits foreign flagged vessels from transporting fuel domestically have combined to jack up propane prices in the Northeast during this winter's frigid weather, Bloomberg reports.
Panama and a group of European construction firms announced a preliminary deal to end a dispute over cost overruns on canal expansion and say the project can still be on target for completion in 2015, The Wall Street Journal reports.
There will be nearly 40 million natural gas vehicles on the road in the next ten years, according to Navigant, although the consulting firm acknowledges they'll still be a small fraction of the total vehicle fleet, FuelFix reports.
PLANO, Texas (AP) — A federal judge has allowed a North Texas man to withdraw his guilty plea to trying to blow up a natural gas pipeline with a homemade bomb last year.
U.S. District Judge Richard Schell allowed Anson Chi to withdraw his plea Wednesday at a court hearing in Plano. That's after he allowed the 34-year-old Plano man to fire his legal team and represent himself.
However, Schell also warned Chi that representing himself at trial could make it more likely that he will be convicted and sentenced to up to life imprisonment. Another hearing is scheduled for April 7.
ATHENS, Greece (AP) — Greece's prime minister says the cash-strapped country could earn up to 150 billion euros ($206 billion) in three decades from offshore oil and gas deposits.
Antonis Samaras said Wednesday the rough estimate, which is worth nearly half of Greece's 320 billion-euro debt mountain, was "neither optimistic nor pessimistic," and could increase depending on further exploration results.
He said surveys have provided "very strong indications of significant" reserves off Greece's western coast, and work is ongoing in waters off the island of Crete in the south.
Range Resources Corp. reported a profit drop of 47% in the 4th quarter on lower revenue, but hopes to boost its cash flow going forward by increasing production and reserves, The Wall Street Journal reports.
The Transportation Department and American Association of Railroads have released a list of urban areas where freight trains carrying crude oil will be required to slow down, but some lawmakers are urging for a wider list of areas, National Journal reports.
Despite increased calls for approving liquefied natural gas exports to Ukraine, the process would take years to make any significant influence on Russia's energy influence in the area, Bloomberg reports.
The Edison Electric Institute is lobbying the Obama administration and state governments to limit new restrictions on coal-fired plants and nuclear generators, citing a need to keep electricity prices low during extremely cold weather, Bloomberg reports.
Russian company Rosatom will resume its transportation of nuclear fuel to Europe via Ukraine after transportations were blocked during anti-government protests in January and February, Reuters reports.
Though outdoor activity limits have been lifted since the Fukushima Dai-ichi disaster in 2011, some children in the area suffer from muscular weakness, anger issues and lingering fear of going outside, Reuters reports.
The Environmental Protection Agency dismissed a claim from by an advocacy group that New Jersey Gov. Chris Christie's administration shut off an air pollution monitor during George Washington Bridge lane closings last year, Politico reports.
Senate Majority Leader Harry Reid, D-Nev., and 27 other Senate Democrats will stage an all-nighter on Monday to push lawmakers to accept climate change as a scientific fact, but vulnerable senators will not be participating, The Hill reports.
The problems in Ukraine are unlikely to trigger faster action by the Obama administration on natural gas exports, a White House spokesman appeared to indicate Friday, as he noted that supplies in Europe are at higher-than-normal levels because of the mild winter there, according to Reuters.