The country's stockpile of natural gas has risen to 3.571 trillion cubic feet, the Energy Information Administration says, a full recovery from the 11-year low caused by the brutal winter, The Hill reports.
CHICAGO (AP) — Illinois lawmakers signed off Thursday on long-awaited rules regulating high-volume oil and gas drilling, clearing the way for companies to get "fracking" permits and unleash what they hope will be an energy boom in the southern part of the state.
But a number of key details were not disclosed including how the state plans to fund the hiring of new workers to oversee the practice, which uses high-pressure mixtures to crack open rocks and release trapped oil and gas.
In a filing to the Securities and Exchange Commission, Chesapeake Energy Corp. disclosed that investigations into its royalty payments to mineral rights owners have widened to include subpoenas from both state governments and the federal government, The Wall Street Journal reports.
RALEIGH, N.C. (AP) — Officials from North Carolina, South Carolina and Virginia met privately Thursday with federal regulators and groups funded by oil and gas companies to discuss plans for drilling off the Atlantic coast.
A coalition of environmental groups sought to be allowed inside the Mid-Atlantic Outer Continental Shelf Oil and Gas Five-Year Program meeting, which was held at the North Carolina Museum of Natural Sciences in Raleigh.
Days after Dominion Resources announced it had requested the Federal Energy Regulatory Commission start review of the Atlantic Coast Pipeline it is proposing to bring natural gas to the Southeast, the company said it had also started the ball rolling to get approval to connect its transmission facilities to the pipeline, The Associated Press reports.
FORT WORTH, Texas (AP) — A North Texas city that sits atop a natural gas reserve is preparing for an extended court battle after voters made it the first in the state to ban further hydraulic fracturing — a fight that cities nationwide considering similar laws will likely be watching closely.
An industry group and the state's little-known but powerful General Land Office responded quickly to the measure Denton approved Tuesday night, seeking an injunction in District Court to stop it from being enforced.
Naftogaz, Ukraine’s state energy company, says it has transferred $1.45 billion to its Russian counterpart Gazprom as a first step toward paying its gas debt and getting supplies restarted, Reuters reports.
Faced with fracking protesters outside his polling place Tuesday, Gov. Andrew Cuomo, D-N.Y., noted after casting his ballot that the issue of hydraulic fracturing is a divisive one, adding that he wants to leave the decision on whether to allow drilling in his state up to scientists, The Associated Press reports.
In addition to offering states more time to comply with its rules limiting power plant carbon emissions, the Environmental Protection Agency is expected to give them credit for cuts already made and for nuclear power generation, The Wall Street Journal reports.
Lawyers tell E&E that in states refusing to cooperate with the Environmental Protection Agency’s Clean Power Plan limiting power plant carbon emissions, the regulations likely will target the electricity generators themselves.
Shell's 2015 Arctic operations have formally gotten underway, as the company has started drilling in the Chukchi seabed to make room for a blowout preventer where it won’t be disturbed by passing icebergs, FuelFix reports.
Memos from the U.S. Army Corps of Engineers complaining about the Environmental Protection Agency’s consultation failures involving the Clean Water Rule were made public by the House Oversight and Government Reform Committee Thursday, The Hill reports.
The Bayou Bridge pipeline being built by Phillips 66 – alongside Energy Transfer Partners and Sunoco Logistics Partners – will bring crude from terminals in Nederland, Texas, to a market hub in St. James, La., FuelFix reports.
Remarks from the Secretary General indicating that OPEC would maintain its production levels to retain its market share pushed oil prices lower early Friday, Reuters reports. U.S. benchmark crude fell 90 cents to $47.62 a barrel in electronic trading on the Nymex, while in London Brent lost 70 cents to $52.61.
Shell takeover target BG Group responded to the drop in oil and gas prices with a big increase in production, which brought its second quarter results in above analysts’ expectations with earnings of $1.372 billion, Reuters reports.