High demand in Asia for natural gas is pushing some energy companies to develop floating liquefied natural gas processing plants in an effort to cut costs and speed fuel transfer, The Wall Street Journal reports.
An analysis from Bloomberg suggests that Gazprom's failed prediction of having a market value of $1 trillion in 2014 and its precipitous collapse is emblematic of wider problems in the Russian economy under Vladmir Putin.
Eight House Democrats urged the Environmental Protection Agency to relaunch investigations into water contamination in Wyoming, Pennsylvania and Texas that may have been caused by natural gas drilling methods, including hydraulic fracturing, The Hill reports.
Senate Energy and Natural Resources Chairwoman Mary Landrieu, D-La., put pressure on the Federal Energy Regulatory Commission to release its environmental review of Sempra's liquefied natural gas export project in Louisiana by the month's end and issue a license by June, Reuters reports.
BISMARCK, N.D. (AP) — North Dakota regulators have scheduled a public hearing later this month on a new plan to reduce the flaring of natural gas in the western oil fields.
Officials with the Oil and Gas Division of the state Mineral Resources Department will hold the hearing at 9 a.m. on April 22 at the department offices in Bismarck. They also are accepting written comments through the close of business on April 21. Comments can be submitted to firstname.lastname@example.org.
North Dakota drillers currently burn off, or flare, more than 30 percent of the valuable gas — compared to the national average of less than 1 percent — because the development of gas pipelines and processing facilities hasn't kept pace with oil drilling. The state's oil production has nearly doubled since 2012 as energy companies have cracked the Bakken shale formation, and North Dakota now trails only Texas in crude production.
The price of oil fell slightly Wednesday, despite a report of an unexpected decline in the nation's supplies.
Benchmark U.S. crude for May delivery slipped 12 cents to close at $99.62 a barrel on the New York Mercantile Exchange.
Brent crude, used to set prices for international varieties of oil, dropped 83 cents to $104.79 a barrel on the ICE Futures exchange in London as traders considered the possible reopening of export terminals in Libya.
BRUSSELS (AP) — The United States called on Europe to wean itself from a dangerous dependency on Russian gas, saying it was time to stand together and bring an end to the Kremlin's use of energy supplies as political leverage.
Left unsaid was the European Union's reluctance to follow the United States headlong into shale gas extraction, which has transformed the global energy scene and turned the U.S. from importer into a nascent exporter. Or its refusal to fully re-embrace nuclear power in the wake of the Fukushima disaster in Japan.
And even if it tried to become independent, it would take Europe years to develop promising sources, such as shale deposits in Ukraine and Poland — and with no guarantees of success.
Moody's said in a new report that natural gas companies that made early investment in the Marcellus Shale are seeing profits due to the region's proximity to high-demand areas in the Midwest and Northeast, FuelFix reports.
BRUSSELS (AP) — U.S. Secretary of State John Kerry on Wednesday denounced the use of energy as a weapon, a day after Russia sharply hiked the price for natural gas to Ukraine.
Kerry told a meeting of the US-EU Energy Council at European Union headquarters in Brussels that supplies of oil and gas have to be secured throughout the world to prevent their being used as political leverage or tools of aggression. He also urged the council to move forward with efforts to promote the diversification of energy supplies so that no country is overly dependent on one particular supplier.
"It really boils down to this: No nation should use energy to stymie a people's aspirations," Kerry said. "It should not be used as a weapon. It's in the interest of all of us to be able to have adequate energy supplies critical to our economies, critical to our security, critical to the prosperity of our people. And we can't allow it to be used as a political weapon or as an instrument for aggression."
The tanker BW Zambesi sailed from Texas Wednesday night headed for South Korea loaded with $40 million in condensate from Enterprise Products Partners, but the Commerce Department move to permit such exports -- now on hold -- caught the White House by surprise, senior adviser John Podesta told The Wall Street Journal.
The latest round of sanctions against Russia over its actions in Ukraine have major energy companies -- including BP and Total -- thinking again about the way they do business with Moscow, The New York Times reports.
The Center for Liquefied Natural Gas, responding to a Department of Energy draft report estimating the impact LNG exports would have on greenhouse gas emissions, warned that taking it into consideration would open the door to legal challenges, National Journal reports.
The southern parts of the Pegasus pipeline, which ruptured causing a major spill in Arkansas in March 2013, restarted on July 9, Exxon Mobil told the Arkansas Democrat-Gazette in an email, The Associated Press reports.
Increasing OPEC production and higher U.S. gasoline stockpiles outweighed international crises to send oil prices lower Thursday. Benchmark crude for September delivery fell 75 cents to $99.52 a barrel in electronic trading on the New York Mercantile Exchange, while in London Brent crude was 40 cents down to $106.11, Reuters reports.
Sen. Joe Manchin, D-W.Va., has re-introduced a measure that would keep the Export-Import Bank going, but without controversial language that would lift restrictions on it financing coal plants overseas, and the bill has now attracted support from Sen. Maria Cantwell, D-Wash., The Hill reports.
With the departure of two more managers -- Bob Perciasepe and Craig Hooks -- from the Environmental Protection Agency, EPA will have eight vacancies among its 14 key political posts, a special problem when it has a full load of challenges, E&E reports.
Departing Environmental Protection Agency Deputy Administrator Bob Perciasepe says he hopes to be able to “build a bridge” with Republicans over the EPA’s rules limiting carbon emissions from power plants and clarifying jurisdiction over bodies of water (WOTUS), but he’s meeting with skepticism, The Hill reports.
Evangelical and conservative Christians were among those speaking out in favor of the Environmental Protection Agency’s rule to limit carbon emissions from power plants during two days of hearings on the regulation this week in Washington, The New York Times reports.
The lack of interested buyers thus far for the electricity output of TransAlta’s coal-fired plant in Centralia, Washington is due to soft prices in the Pacific Northwest and not moves by the Environmental Protection Agency to regulate carbon emissions, company chief Dawn Farrell told Platts.