In a $44 billion move intended to streamline its structure, increase profits and improve growth potential, Kinder Morgan is bringing companies it controls indirectly – Kinder Morgan Energy Partners, El Paso Pipeline Partners and Kinder Morgan Management – back into a single structure, FuelFix reports.
Despite the announcement of various sanctions against Russia in recent weeks because of the Ukraine crisis and the looming departure of European competition commissioner Joaquin Almunia, there’s been no sign of movement in an EU antitrust case against Gazprom that began building three years ago, The New York Times reports.
HOUSTON (AP) — An American employee of Texas-based energy company Apache Corp was killed last week in an apparent carjacking in the western Egyptian desert, officials said Sunday.
"The victim was a long-time employee who works with production operations and we are deeply saddened by his death," Apache spokesman Bill Mintz said. "Apache is working with authorities and a full investigation is underway."
He said the attack occurred Wednesday as the employee was driving in the desert between Qarun and Karama, southwest of Cairo.
BISMARCK, N.D. (AP) — Tribal leaders on an American Indian reservation in the heart of North Dakota's booming oil patch are proposing fees for companies that burn and waste natural gas.
The Three Affiliated Tribes outlined its plan to impose fees in a six-page document sent to oil companies. In it, the tribe said companies would be required to pay royalties for "flaring" natural gas to compensate for lost revenue when the gas isn't brought to market and sold.
Oil production on the Fort Berthold Reservation accounts for about a third of the state's oil output of more than 1 million barrels a day, which has made North Dakota the second-largest oil producing state in the country behind Texas.
Republicans in Congress on Thursday pointed to a new Energy Department analysis of the strong economic growth in energy-producing states as fresh evidence in support of their calls for greater oil and gas drilling in federal areas.
The Energy Information Administration reported that of the six states where oil and gas development and mining accounted for more than 10 percent of their economy, all but one had stronger growth than the national average last year.
American Energy’s midstream unit says it will join with Regency Energy Partners to build a 52-mile pipeline – at a cost of $500 million – to move more than 2 billion cubic feet of natural gas per day from the Utica Shale in Ohio, FuelFix reports.
The Federal Energy Regulatory Commission needs to say more about the potential impact of Cheniere Energy’s proposed LNG import and export facility on the air, water and wetlands around Corpus Christi Bay, according to a letter Craig Weeks of the Environmental Protection Agency sent to the commission this week, FuelFix reports.
Higher revenue across most of its segments led Energy Transfer Partners – increasingly focused on natural gas pipelines -- to a 47 percent increase in earnings in the second quarter to $471 million, far exceeding analysts’ expectations, the company said Wednesday, The Wall Street Journal reports.
A report from the Pennsylvania Department of Environmental Protection pointed a finger at Chevron site managers in its investigation of a fire at a natural gas well that killed a worker, according to The Associated Press.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.