Cheniere Energy announced this week it has reached agreement to sell liquefied natural gas to Pertamina, Indonesia’s state-owned energy company, and Australian firm Woodside Petroleum, starting as early as 2019, FuelFix reports.
Cheniere Energy -- the target of investor lawsuits -- won’t go ahead with a plan to issue 30 million shares to cover employee and executive compensation, according to a court filing made last month, The Wall Street Journal reports.
WASHINGTON (AP) — The Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.
The justices said Tuesday they will hear an appeal from American Electric Power Co., Duke Energy Co. and other natural gas traders arguing that federal law precludes state law claims.
The Interior Department's internal watchdog on Monday scored the Bureau of Land Management for what it called "indefinite" reviews of applications for oil and gas drilling on public lands.
Deputy Inspector General Mary Kendall said in a report that while BLM approves 99 percent of applications, only 6 percent are completed within 30 days upon receipt of a application as required by law, unless the operator fails to submit required information.
The "very long" reviews, which averaged more than seven months in 2012, may be cutting into taxpayer revenues, she said, with backlogs in processing permits at the BLM's 33 field offices causing uncertainty for industry and the government.
WASHINGTON (AP) — In Pennsylvania's gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.
The results suggest that leaks of methane could be a problem for drilling across the nation, said study lead author Cornell University engineering professor Anthony Ingraffea, who heads an environmental activist group that helped pay for the study.
OKLAHOMA CITY (AP) — Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.
The properties include those in the Rockies, onshore Gulf Coast and Mid-Continent region, Devon said on Monday. The sale is part of a transformation plan the company announced late last year in which it was looking to sell non-core assets. The properties being sold to Linn Energy produced 275 million cubic feet of natural gas equivalent per day, with proved reserves of 1.242 trillion cubic feet of gas equivalent.
ALBANY, N.Y. (AP) — New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.
The state Court of Appeals affirmed a midlevel appeals court ruling from last year that said the state oil and gas law doesn't trump the authority of local governments to control land use through zoning.
The two "fracking" cases from two central New York towns have been closely watched by drillers hoping to tap into the state's piece of the Marcellus Shale formation and by environmentalists who fear water and air pollution.
In Wyoming, Republican state Rep. John Patton is introducing legislation to upend a ban on using Next Generation Science Standards, the teaching of climate change science, seeking to leave the matter up to the state Board of Education to decide, National Journal reports.
Tokyo Electric Power Co., the operator of the ruined Fukushima Dai-ichi nuclear plant, says it has managed to remove fuel rods from the vulnerable No. 4 reactor building, and they are being placed in an undamaged storage pool, The New York Times reports.
Meteorologist Bob Simpson, who died last week aged 102, pushed for establishment of the National Hurricane Center in Miami, helped develop the Saffir-Simpson scale of hurricane intensity in use today, and also founded a Hawaiian observatory where carbon measurements were refined, among other accomplishments, The Washington Post reports.
Arizona Corporation Commissioners didn’t approve, but didn’t object to plans for Arizona Public Service Co. to spend $28.5 million to put free solar on the roofs of 1,500 customers in order to test west-facing solar panels and voltage regulators, The Arizona Republic reports.
Joe Rodota, whose Forward Observer operation has worked environmental issues for years out in California – most recently in support of legislation banning single-use plastic bags – has had an office in Washington D.C. for the past two years, although he declined to tell E&E about his clients there.
For illegal waste disposal and causing a landslide that diverted streams, shale gas driller Vantage Energy Appalachia LLC has been ordered to pay a penalty of $999,900 by the Pennsylvania Department of Environmental Protection, the Pittsburgh Post-Gazette reports.
The Environmental Protection Agency’s rule limiting carbon emissions from existing power plants would threaten energy reliability, drive up costs, is unworkable, and should be withdrawn, 102 members of Congress -- led by Rep. Ed Whitfield, R-Ky. but also including six Democrats –- wrote in a letter to President Obama last week, The Hill reports.
Stiffer rules governing the standards of tank cars carrying crude will force the cargo off the rails and onto the roads, a consultant working with the group that prepared an analysis for the Railway Supply Institute told The Wall Street Journal.
Remarks from Saudi Arabia’s oil minister over the weekend, as well as a cut in output from Libya on renewed fighting and a spate of short-covering ahead of the Christmas holiday period saw oil prices rising early Monday. West Texas Intermediate crude for February delivery was up 55 cents to $57.68 a barrel in electronic trading on the Nymex, while in London Brent jumped $1.59 to $62.97, Bloomberg reports.
Banks will get serious about cleaning up their portfolios in April, which could see a rash of defaults by over-extended drillers assuming there’s no rebound in oil prices, a principal at W L Ross investment firm told FuelFix.