Speaking out as British Columbia’s legislature began its fall session, Petronas CEO Shamsul Azhar Abbas warned Monday that the Canadian province needs to finalize reasonable regulatory and tax policies or a decision on a Pacific Coast LNG export terminal could be put off by 10-15 years, The Wall Street Journal reports.
NICOSIA, Cyprus (AP) — Cyprus' foreign minister says Turkey's stated intention to search for oil and gas in waters where the ethnically-split island nation has licensed an Italian-South Korean consortium to drill could upset reunification talks.
Ioanis Kasoulides says productive negotiations can't continue "under such conditions of provocation." He told reporters Monday that Cypriot President Nicos Anastasiades will decide soon on how to respond.
Schools in Pennsylvania are gearing up their energy law offerings to train lawyers to handle the explosion of energy-related cases accompanying the Marcellus shale drilling boom, the Tribune-Review reports.
SOFIA, Bulgaria (AP) — Bulgarians are voting Sunday in a parliamentary election that will determine whether the country continues to build a Russian gas pipeline that would give the Kremlin even more leverage over Europe's energy market — a project the European Union opposes.
Here's a look at Bulgaria, the vote and the controversial pipeline:
FHMSA Holdings Inc., which has joined other fracking sand providers going public and is hoping to raise around $1 billion in an initial public offering, starts trading its shares on the New York Stock Exchange Friday, The Wall Street Journal reports.
Frank Katulak, CEO of GDF Suez Gas North America, operator of the Everett Marine Terminal near Boston, suggested to staff of the Federal Energy Regulatory Commission this week that LNG imports could help handle New England’s fuel needs if the region were to be faced with another severe winter cold spell, E&E reports.
ANCHORAGE, Alaska (AP) — A fire Thursday at an offshore natural gas platform in Alaska's Cook Inlet destroyed the crew's living quarters and forced four workers to evacuate, but no one was injured and the environmental risk was considered minimal, responders said.
The blaze broke out at about 7:30 a.m. By evening, the unified command set up for the incident said the fire was fully contained. An earlier Coast Guard report that the fire flared up again was incorrect.
Hilcorp Alaska LLC owns the platform and 11 others among the total of 16 platforms in the inlet, a vast body of water with stunning mountain views.
Goldman Sachs has cut its growth projections for future LNG demand and warns that investors should be wary about the costs of major projects and “realistic about expectations for further contracts,” Bloomberg reports.
Analysts were speculating on whether the bear market in oil has found its floor, as prices increased early Wednesday on expectation data would show that gasoline stockpiles dropped last week. West Texas Intermediate crude for December delivery was up 22 cents to $82.71 a barrel in electronic trading on the Nymex, while in London Brent gained 59 cents to $86.81, Bloomberg reports.
Big mining companies like BHP Billiton are producing more metallurgical coal, hoping that their economies of scale will help them make a profit even though prices remain stubbornly low, The Wall Street Journal reports.
Some critics of the Nuclear Regulatory Commission praised departing chair Allison Macfarlane for her concerns about the safety of spent fuel, while the NRC itself refused to speculate on who might replace her after her exit in January, Politico reports.
Rep. Joaquin Castro, D-Texas, praised the partnership between Skyonic’s new carbon capture facility and Zachry Corp.’s neighboring cement plant as a model for the future, at Tuesday’s dedication ceremony for the Capitol SkyMine plant, the San Antonio Express-News reports.
More than 125,000 ads in 2014 Senate campaigns have the environment and climate change as their subjects, a record number that reflects the priorities of some of the wealthy donors who are paying for them, The New York Times reports.
If Democrats make a good showing on Election Day against Rep. Fred Upton, R-Mich. and chairman of the House Energy and Commerce Committee, it would give them a boost toward winning the seat in two years’ time, National Journal reports.
Saying the bill had strong support from lawmakers and merely reinforces existing measures, Michigan Gov. Rick Snyder Tuesday signed legislation backing the power of auto dealers and preventing Tesla Motors from selling directly to consumers, The Washington Post reports.
Talks between Russian and Ukrainian officials in Brussels Tuesday failed to produce a gas deal, but the issue remains on the table and EU Energy Commissioner Guenther Oettinger would like to see an agreement – which would secure gas supplies for Europe this winter -- signed next Wednesday, The New York Times reports.