Only 3.87 billion cubic meters of natural gas heading to Europe from Russia moved through pipelines in Ukraine in October, a little over half of the amount transiting in the year-ago period, Platts reports.
The natural gas contract for December delivery closed out on the Nymex Thursday at $4.489 per million British thermal units, an increase of 11.8 cents, on continuing cold weather and a report of greater-than-expected storage withdrawal, Platts reports.
BISMARCK, N.D. (AP) — The new leader of North Dakota's oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent.
North Dakota's booming oil production has led to an unmanageable increase in the state's output of natural gas, which is a byproduct of oil production. Oneok Inc., the biggest operator of natural gas pipelines and processing plants in North Dakota, wants to build a 20-mile-long pipeline to capture natural gas from oil wells in Dunn County and move it to an existing pipeline network nearby. But the Three Affiliated Tribes has demanded environmental assurances and cash for permission for it to pass through land it recently acquired.
INEOS – a chemical company that is building Europe’s largest shale gas import facility in Britain – also plans to drill for gas locally, spending $1 billion on exploration and production, BBC News reports.
NEW YORK (AP) — The cold is back, and with it, rising heating bills.
This winter was expected to bring much lower bills than last year because it wasn't supposed to be so darn cold. Homeowners could go a little easier on the thermostat, and less fuel use would offset rising prices for natural gas and electricity, which generates heat for 88 percent of U.S. households.
Then, descending from the Arctic, came a block of cold air nearly the size of the entire Lower 48. This month is now on track to be the coldest November since 1996.
NORFOLK, Va. (AP) — Over the objection of environmental groups and Virginia's governor, a federal management plan released Tuesday will allow a form of natural gas drilling known as fracking to occur in parts of the largest national forest on the East Coast.
The U.S. Forest Service originally planned to ban fracking in the 1.1 million-acre George Washington National Forest, but energy companies cried foul after a draft of the plan was released in 2011. It would have been the first outright ban on the practice in a national forest.
More natural gas is available this year despite the supply depletion from last winter’s freezing temperatures, replenished because of a swift inventory buildup and substantial infrastructure investment, according to America’s Natural Gas Alliance, FuelFix reports.
Federal agencies would have to assess the impact projects would have on climate change as part of their reviews under the National Environmental Policy Act, under draft guidelines the White House released Thursday, National Journal reports.
Rep. Jason Chaffetz, R-Utah and the next chairman of the House Oversight Committee, says Rep. Cynthia Lummis, R-Wyo., will head up a new subcommittee charged with monitoring Obama administration environment and energy policies, The Hill reports.
In the Texas legislature, Rep. Phil King has introduced measures that would require local fracking bans to get approval from the state Attorney General, with communities having to bankroll impact studies and reimburse lost tax revenue, FuelFix reports.
The slump in oil prices resumed Thursday, with analysts predicting they could go even lower. U.S. benchmark crude for January delivery dropped $2.36 to settle at $54.11 a barrel on the Nymex, while in London February Brent was back under $60, finishing $1.91 down at $59.27, Reuters reports.
Shell’s decision on whether to proceed with Arctic drilling, expected sometime between now and March, will likely be made more on the basis of court rulings and government reviews rather than oil prices, officials have told Platts.
The National Hockey League has a big climate change goal for its current season: To work with Constellation, an energy services firm, to cut carbon emissions and offset the rest in order to achieve carbon neutrality, National Journal reports.
Bhavesh V. “Bob” Patel – a vice president in LyondellBasell’s international manufacturing operations, will take over as chief executive officer of the chemical company when James Gallogly retires on Jan. 12, FuelFix reports.
Jon Carson, ex-Obama campaign strategist, will be helping SolarCity to find creative ways of persuading people to put solar panels on their roofs, instead of relying on traditional advertising, The Washington Post reports.
The Desert Renewable Energy Conservation Plan unveiled earlier this year, which would encourage development of wind, solar and geothermal projects over millions of acres in California, says little about how the generated power will be distributed, which could see battles over siting new transmission lines, The Desert Sun reports.