COLUMBUS, Ohio (AP) — A Colorado-based energy company was cleaning up hundreds of gallons of oily fluid that leaked into a nearby creek while it was drilling an oil and gas well in southeast Ohio.
An oil-based lubricant known as "mud" spewed from a well head Sunday during drilling for a hydraulic-fracturing well near Beverly, Ohio, just west of Marietta. About 1,600 gallons leaked from the drill site into a creek that is a tributary of the Muskingum River, said Heather Lauer, a spokeswoman for the Ohio Environmental Protection Agency.
The spill thus far has been confined to that creek, Lauer said. The agency is overseeing the cleanup work, which is being performed by a contractor for Denver-based PDC Energy Inc., the site's owner.
The first U.S. LNG export project would start shipping in 2015, the next three years later, and the country will be putting “large amounts of natural gas into the global market,” which ministers meeting in Rome this week agreed would be good for energy security, Energy Secretary Ernest Moniz told Platts.
Cost-cutting by new CEO Doug Lawler is finally having an impact at Chesapeake Energy, with the company on track to take in more than it spends for the first time in more than a dozen years, Bloomberg reports.
The Securities and Exchange Commission investigation into former Chesapeake CEO Aubrey McClendon has wrapped up with no recommendation made for any action to be taken, the company reported Wednesday, according to Reuters.
HARTFORD, Conn. (AP) — A last-minute tussle over eel fishing in Connecticut interfered briefly with legislation that overwhelmingly passed the House of Representatives halting the storage and disposal of waste from gas exploration.
Lawmakers imposed a minimum three-year moratorium on importing waste from hydraulic fracturing, or fracking. The legislation requires the Department of Energy and Environmental Protection to adopt regulations declaring waste and byproducts to be treated as hazardous waste.
The measure, which passed 128-19, also requires the industry to disclose the contents of waste and protect the environment from radioactive materials. It has passed the Senate and now heads to Gov. Dannel P. Malloy.
DENTON, Texas (AP) — A North Texas city that sits on top of the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., could become the first area in the state to permanently ban hydraulic fracturing.
A recently adopted temporary ban is in place until September, but fracking opponents want to make that permanent through an ordinance that would prohibit the practice in Denton.
Operators would be allowed to continue extracting energy from the 275 wells in Denton that have already undergone fracking, but not reinitiate the process on old wells.
MADRID (AP) — Spain's Repsol oil and gas company says it has sold an 11.86-percent stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million euros ($1.25 billion), effectively leaving it without a stake in a company it once controlled.
Repsol SA told Spain's market regulator Wednesday the stake represented 46.6 million shares. It said it now owns less than 0.5 percent of YPF.
HARRISBURG, Pa. (AP) — A rally promoting Pennsylvania's booming natural gas drilling industry on Tuesday filled the front steps of the state Capitol, where the industry has an ally in the governor's office, lobbying muscle to flex with lawmakers and campaign cash to flash.
The show of support also brought out a handful of protesters and an airplane overhead with the banner, "shale gas=dirty energy."
The different sides have the month of May to resolve differences over Ukraine’s estimated $3.5 billion gas debt to Russia, according to a spokeswoman for the European Commission, who said that at least two more rounds of talks will be held with the two and the EU, The Wall Street Journal reports.
The vision for Virginia’s energy future, to be made public by Gov. Terry McAuliffe Wednesday, will review the costs and benefits to the state from the Environmental Protection Agency’s rule to limit carbon emissions from existing power plants, E&E reports.
The Environmental Protection Agency, which hasn’t updated the list of chemicals it regulates at sewage plants in more than three decades, doesn’t target some 300 labelled as hazardous under the Resource Conservation and Recovery Act, a report from the EPA Inspector General says, according to The Hill.
Positive consumer spending data helped push oil prices higher early Tuesday, although benchmark crude is looking likely to rack up its largest quarterly drop in some two and a-half years. U.S. prices were 19 cents higher to $94.76 a barrel in electronic trading on the Nymex, while in London Brent gained 32 cents to $97.52, Reuters reports.
Energy market monitor Genscape has been tracking the tanker Polar Discovery, which could hold up to 784,000 barrels of crude, as it heads from Alaska to Yeosu, South Korea, FuelFix reports, having determined from a ConocoPhillips spokesman that the company has made a rare deal to sell a cargo of North Slope crude in Asia in the fourth quarter.
The U.S. imported 569,000 more barrels of crude in July than it did in June, according to data from the Energy Information Administration, which said the figures were still lower than in 2013 and also noted that for the first time, none of the imports came from Nigeria, Platts reports.
Oilfield services giant Schlumberger is having around 20 mid-level and senior managers leave Russia, people familiar with the matter told Bloomberg, in the wake of Western sanctions imposed over the Ukraine crisis.
The partnership between Qatar and Exxon Mobil in plans to export liquefied natural gas from the Golden Pass terminal in Texas is part of the Gulf nation’s strategy to maintain its status as a major player in the industry globally into the future, The New York Times reports.