Cheniere Energy is asking its investors to approve the issuance of 30 million new shares to enable the company – which has one of the country’s top paid CEOs in Charif Souki – to continue providing big compensation packages, The Wall Street Journal reports.
A natural gas trade group has estimated that the Obama administration's upcoming greenhouse gas rule for existing power plants could help drive up gas demand for electricity by as much as 45 percent, but sees little price impact because of the nation's massive reserves.
The estimate marks the high end of preliminary calculations by the America's Natural Gas Alliance., representing major gas producers, which puts the additional demand on the gas industry in a range of between 3 billion cubic feet per day up to 10 billion from the rule and other EPA pollution regulations.
The Energy Department on Thursday proposed to discontinue conditional approvals of applications to export liquefied natural gas to non-free trade agreement nations.
Instead, the department would review projects that have first completed the National Environmental Policy Act process, according to a blog post by Christopher A. Smith, the department's principal deputy assistant secretary for fossil energy.
He said the change would set up a streamlined process, focused more on projects that are likely to be built. Smith added that the change would also give the department better information on potential domestic market impacts. The proposal will be open to public comment for 45 days.
The department will also begin a second economic impact study of exports from 12 billion cubic feet per day to 20 billion cubic feet per day, Smith said, following up to its 2012 study that looked at exports below that range.
HOUSTON (AP) — The amount of explosive gas tainting a North Texas neighborhood's water supply has increased in recent years, but the state's oil and gas regulator says it can't link the methane to drilling activity nearby, according to a report it released Wednesday.
The state Railroad Commission has found that the contamination has gotten worse in most of the private water wells it tested in September 2013 compared with what was measured in 2010 and in 2011. However, Peter Pope, the agency geologist who signed off on the report, wrote that staff "has determined that the evidence is insufficient to conclude that Barnett Shale production activities have caused or contributed to methane contamination beneath the neighborhood."
HOUSTON (AP) — Texas' oil and gas regulator says an investigation into explosive gas tainting a Dallas-area water supply has found no evidence the contamination originates with gas drilling activity nearby.
The Railroad Commission report, released on Wednesday, says the methane levels have increased in many of the water wells tested in September 2013 compared to what was measured in 2010. But the agency says it cannot definitively link the gas found in the wells to hydraulic fracturing operations in the Barnett shale.
At 1,311 billion cubic feet, natural gas imports last year were at their lowest level since 1989, according to the Energy Information Administration, which estimated that domestic production rose 1 percent in 2013 to a new record of 24,282 billion cubic feet, Platts reports.
The Pennsylvania Environmental Defense Foundation has filed suit in Commonwealth Court, seeking an injunction to block the leasing of any more state land for natural gas drilling, The Patriot-News reports.
British Columbia, which has been a leader in policies to curb carbon emissions and fight climate change, is trying to figure out how a gas boom from fracking, likely leading to a surge of Asian exports, will fit in, The New York Times reports.
Aruba Petroleum is challenging a Texas jury’s award of nearly $3 million in damages to a couple who claimed to be sickened by drilling-related air pollution in the Barnett Shale, InsideClimate News reports.
The U.S. Court of Appeals for the District of Columbia Circuit on Thursday lifted a stay on the Environmental Protection Agency’s implementation of its Cross-State Air Pollution Rule, although legal arguments on challenges to some aspects of the regulation are set to take place next March, E&E reports.
Producers for American Crude Exports, or PACE, for short, is made up of more than a dozen independent oil companies who would like to see the decades-old U.S. ban on crude exports overturned, Reuters reports.
The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.
If the Federal Energy Regulatory Commission approves changes that PJM Interconnection will suggest to the rules, it’s possible the wholesale electricity market manager might find a way to keep a demand response program going despite legal challenges, E&E reports.
Rising global supply and sluggish demand were continuing to weigh on oil prices. U.S. benchmark crude for December delivery dropped $1.08 to settle at $81.01 a barrel on the Nymex, $1.74 lower than the price a week ago, while Brent finished at $86.13, a loss of 70 cents on the day and 3 cents less than last Friday’s settlement price, Reuters reports.
ConocoPhillips, alongside partners including BP and Exxon Mobil, has announced what it says is the first new drilling in the North Slope’s Kuparuk River Field in nearly a dozen years, a well to come on line in 2016 that will add 8,000 barrels a day of production, Platts reports.
In one of the most hotly contested and expensive House races in the country, Rep. Nick Rahall, D-W.Va., is battling against Republican candidate Evan Jenkins and powerful conservative groups backed by the Koch brothers, The New York Times reports.
Kristin Jacobs – who has turned in a strong performance in her campaign to be elected to the Florida House of Representatives in a flood-prone Miami district – is one of a number of candidates who are successfully pressing climate change as an issue even when polls say it’s not a top voter concern, The New York Times reports.
Opower says pilot programs run in Vermont and Southern California over the summer, which involved contacting customers to ask them to go easier on their air conditioning and then reporting back to them on how much electricity they saved compared to their neighbors, cut usage by nearly 3 percent on a number of hot days, The Washington Post reports.