Natural Gas

Cheniere lining up buyers for LNG exports

Source: 
FuelFix

Cheniere Energy announced this week it has reached agreement to sell liquefied natural gas to Pertamina, Indonesia’s state-owned energy company, and Australian firm Woodside Petroleum, starting as early as 2019, FuelFix reports.

Cheniere dropping controversial compensation plan

Source: 
The Wall Street Journal

Cheniere Energy -- the target of investor lawsuits -- won’t go ahead with a plan to issue 30 million shares to cover employee and executive compensation, according to a court filing made last month, The Wall Street Journal reports.

Hungary to build its part of South Stream

BELGRADE, Serbia (AP) — Hungary says it will go ahead and build its part of Gazprom's South Stream gas pipeline that bypasses Ukraine to supply Europe, despite U.S. and EU objections to the project.

Prime Minister Viktor Orban said Tuesday in Serbia that "those who say we shouldn't build South Stream should make an alternative proposal about how we could live without energy."

Orban added that "we are going to build the South Stream."

High court to hear natural gas price-fixing claims

WASHINGTON (AP) — The Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.

The justices said Tuesday they will hear an appeal from American Electric Power Co., Duke Energy Co. and other natural gas traders arguing that federal law precludes state law claims.

South Stream caught in political dispute

Source: 
The New York Times

The fallout from the Ukraine crisis has stalled the project to build the South Stream pipeline that would bring Russian gas to the heart of Europe through the Balkans, The New York Times reports.

WBM Management Inc.
Oil

Drilling permit delays hurting taxpayer, Interior IG contends

The Interior Department's internal watchdog on Monday scored the Bureau of Land Management for what it called "indefinite" reviews of applications for oil and gas drilling on public lands.

Deputy Inspector General Mary Kendall said in a report that while BLM approves 99 percent of applications, only 6 percent are completed within 30 days upon receipt of a application as required by law, unless the operator fails to submit required information.

The "very long" reviews, which averaged more than seven months in 2012, may be cutting into taxpayer revenues, she said, with backlogs in processing permits at the BLM's 33 field offices causing uncertainty for industry and the government.

Fracking study finds new gas wells leak more

WASHINGTON (AP) — In Pennsylvania's gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.

The results suggest that leaks of methane could be a problem for drilling across the nation, said study lead author Cornell University engineering professor Anthony Ingraffea, who heads an environmental activist group that helped pay for the study.

Wilson Center forum on Russia and Ukraine energy security

Washington, July 1, 2014, 10:30 am

Wilson Center forum, "Russia, Ukraine and Energy Security." State Department officials David L. Goldwyn, Carlos Pascual among speakers. 

Devon Energy selling some US assets for $2.3B

OKLAHOMA CITY (AP) — Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.

The properties include those in the Rockies, onshore Gulf Coast and Mid-Continent region, Devon said on Monday. The sale is part of a transformation plan the company announced late last year in which it was looking to sell non-core assets. The properties being sold to Linn Energy produced 275 million cubic feet of natural gas equivalent per day, with proved reserves of 1.242 trillion cubic feet of gas equivalent.

New York top court OKs local gas-drilling bans

ALBANY, N.Y. (AP) — New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.

The state Court of Appeals affirmed a midlevel appeals court ruling from last year that said the state oil and gas law doesn't trump the authority of local governments to control land use through zoning.

The two "fracking" cases from two central New York towns have been closely watched by drillers hoping to tap into the state's piece of the Marcellus Shale formation and by environmentalists who fear water and air pollution.

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