Only about 200 of Ford's F-150 pickups that can run on compressed natural gas have been sold, FuelFix reports, noting that company officials predict interest will grow once the vehicle gets more established in the market.
ALIQUIPPA, Pa. (AP) — A plan to build a huge new petrochemical plant in western Pennsylvania is making progress, Shell Oil Co. officials said Wednesday — but there's still no guarantee the multi-billion dollar project will actually be constructed.
That message of optimism and caution was stressed by company officials to about 200 people who showed up for the first of two public meetings regarding a proposed plant site about 30 miles northwest of Pittsburgh.
Frigid weather this past winter that resulted in gas price spikes points to the need to improve the ways natural gas gets to market, but more pipeline capacity may not necessarily steady costs, panel members said at a gas forum in Atlanta, Platts reports.
As part of a two-year plan to dispose of some of its assets, BP is looking for buyers to take on rights for some 280,000 acres in the Texas Panhandle, in an area rich in natural gas that the company says would be better suited to an operator used to getting the most out of mature territory, FuelFix reports.
KINGSTON, Jamaica (AP) — A Hong Kong-based company has been granted a license for what would be a major new power project in Jamaica, the Caribbean island's energy minister announced Tuesday.
Phillip Paulwell said Energy World International is to supply 381 megawatts of natural gas-fired generating capacity for Jamaica's power grid. He called the project a "game changer" for the tropical country, which is almost entirely dependent on imported petroleum and diesel fuel.
LOUISVILLE, Ky. (AP) — Two brothers who defrauded millions of dollars from thousands of investors in an oil and gas drilling scheme lost a bid Tuesday to have their convictions and sentences overturned.
The U.S. 6th Circuit Court of Appeals concluded that prosecutors presented enough evidence to back their contention that 53-year-old Christopher Cello Smith of Prestonsburg, Ky., and 58-year-old Michael D. Smith of Cookeville, Tenn., defrauded thousands of investors.
The Smiths ran a company called Target Oil and Gas. Prosecutors said the company asked investors to fund drilling projects in Kentucky, Texas, West Virginia and Tennessee but used fraudulent marketing materials and false geological surveys to persuade them.
PITTSBURGH (AP) — Shell Oil Co. plans to hold public meetings Wednesday to discuss the possibility of building a huge natural gas processing plant.
In early 2012, Shell chose a site about 35 miles northwest of Pittsburgh for the possible multibillion-dollar plant, and the company has purchased property in the area and sought bids from suppliers. That same year, it also got what lawmakers call Pennsylvania's largest ever taxpayer-financed incentive package.
But Shell spokeswoman Kimberly Windon said there's still no guarantee that the project will be built.
HORLIVKA, Ukraine (AP) — Pro-Russian insurgents who have seized government buildings across eastern Ukraine dug in on Tuesday, fortifying their positions and erecting fresh barricades as Ukrainian tanks were seen within 70 kms of one city controlled by pro-Moscow gunmen.
Roads into Slovyansk, a city some 160 kilometers (100 miles) east of Russia that has come under ever more secure control of the gunmen since Saturday, were dotted with checkpoints. One at the entrance into town was waving a Russian flag. Another bore a sign reading "If we don't do it, nobody will."
In its monthly report, the Energy Information Administration predicts a significant increase in natural gas output from the Marcellus Shale in May, as well as a hike from the Haynesville Shale in Louisiana, according to Platts.
RWE AG said Tuesday it will supply Ukraine with natural gas at wholesale prices via Poland, the announcement coming after Russia’s Gazprom announced it was hiking the prices sent to Ukrainian company Naftogaz by more than 80 percent, The Wall Street Journal reports.
By pushing for international agreement on a climate accord – which would "name and shame" violators rather than prosecute them – President Obama hopes to come up with a global deal on the issue that would avoid him having to present a legally binding treaty for Senate ratification, The New York Times reports.
$1.4 million will settle federal claims stemming from a crude oil spill from a pipeline operated by an Exxon Mobil subsidiary in Louisiana back in 2012, an amount the company has agreed to pay, The Hill reports.
A greater-than-expected decline in crude stockpiles reported by the Energy Information Administration Wednesday helped push oil prices up. U.S. benchmark crude gained 15 cents to $94.01 a barrel after settling 51 cents higher on the Nymex Tuesday, while in London Brent crude for October delivery rose 21 cents to $102.71, Reuters reports.
Texas lawmakers examined the impact of the oil boom in a hearing Tuesday, where the Texas Oil & Gas Association said it has brought the state $48 billion in wage payments and $11 billion in royalties a year, the Houston Chronicle reports.
High returns from fossil fuel investments make it difficult for the divestment movement to attract support, although dumping coal stocks may be a more attractive proposition than turning away from oil and gas companies, says a new report from Bloomberg New Energy Finance, according to National Journal.
In a change of plans, Duke Energy said at a Florida Public Service Commission hearing Tuesday it would buy an existing natural gas-fired plant from Calpine Finance Construction Co. instead of building one of its own, the Tampa Bay Times reports.
The Tokyo Electric Power Co., operator of the crippled Fukushima Dai-ichi nuclear plant, must pay the husband of a suicide victim in the region $470,000, under a ruling from a Japanese court, The Washington Post reports.
Although leaders in Moscow and Kiev spoke of “positive” results from Tuesday’s talks between Russian President Vladimir Putin and Ukrainian leader Petro Poroshenko, there appeared to be no letup in fighting Wednesday, Bloomberg reports.