A lawsuit brought by shareholders challenging Cheniere Energy’s compensation package for its executives could prove to be a difficult fight for the company in a Delaware court, legal experts told the Houston Chronicle.
Senate Energy and Natural Resources hearing, "How to harness a game-changing resource for export, domestic consumption, and transportation fuel." Energy Department Principal Deputy Assistant Secretary for Fossil Energy Chris Smith to testify.
NICOSIA, Cyprus (AP) — Bulgaria's foreign minister said Monday that Cyprus could supply his country and other central European nations with natural gas to lessen the region's heavy dependence on Russian deliveries.
Kristian Vigenin said that Cyprus could be key to an envisioned "north-south corridor" supplying gas to central Europe via Greece.
"Cyprus can play an important role in the project delivering gas to (liquefied natural gas) terminals in Greece and then from there this can bring gas up to Bulgaria, Romania and central Europe," Vigenin said after talks with his Cypriot counterpart Ioannis Kasoulides.
Williams Cos., under investor pressure to improve its performance, will pick up the rest of Access Midstream partners to expand its presence in the midstream sector, in a deal worth some $6 billion, The Wall Street Journal reports.
The Interior Department on Friday kicked off the drafting of its next five-year Outer Continental Shelf lease sale program, with oil and environmental groups quickly making it known they will fight over any expansion of drilling to new coastal and Arctic areas.
Walter Cruickshank, the acting director of the Bureau of Ocean Energy Management, cautioned that no specific areas have been proposed for possible leasing. Rather, he said the department has opened a general comment period for federal agencies, states, stakeholders and the public that will lead to a detailed lineup of proposed sales in early 2015.
Gazprom’s chief Alexei Miller said Thursday, following the failure of talks with Ukraine, that his company won’t offer more extensions for Kiev to pay its gas debt: Monday is the final deadline, The Wall Street Journal reports.
U.S crude prices racked up their first weekly gain since September, as news that China cut interest rates to boost its economy raised expectations of increased oil demand in the future. West Texas Intermediate crude for January delivery was up 66 cents to finish Friday’s Nymex session at $76.51 a barrel, while in London Brent jumped $1.03 to settle at $80.36, Bloomberg reports.
Royal Dutch Shell, Hess Corp., Exxon Mobil Corp. and Chevron Corp. are among major oil companies with new drilling projects in the Gulf of Mexico, a number in deep water, although a continued decline in oil prices could slow development, The Wall Street Journal reports.
Phillips 66 Partners and Paradigm Energy Partners will join forces to construct the 76-mile Sacagawea Pipeline and a 710-acre rail terminal aimed at transporting Bakken crude from North Dakota more effectively, FuelFix reports.
Customers will see substantially higher energy prices as a result of the Environmental Protection Agency’s rule to curb carbon emissions from existing power plants, according to a study commissioned by coal company Peabody Energy and conducted by Energy Ventures Analysis, which offers a state-by-state breakdown of costs, the San Antonio Business Journal reports.
Rep. Raul Grijalva, D-Ariz., is expected to carry the flag for environmental issues -- fighting climate change, in particular -- as he becomes his party’s ranking member on the House Natural Resources Committee in the next Congress, E&E reports.
No matter the winners in significant battleground states in the 2014 elections, voters there support the fight against climate change, the Sierra Club said, citing statistics from a poll conducted by Hart Research Associates, The Hill reports.
Most Americans believe poorer, less developed parts of the world will bear the brunt of climate change, rather than the U.S., according to a survey conducted by the Public Religion Research Institute and the American Academy of Religion, E&E reports.
The world spent less money -- $331 billion -- on fighting climate change in 2013, the second year in a row the figure dropped, according to a study from the Climate Policy Initiative, which attributed the fall in part to the lower cost of solar energy, Reuters reports.
Only 3.87 billion cubic meters of natural gas heading to Europe from Russia moved through pipelines in Ukraine in October, a little over half of the amount transiting in the year-ago period, Platts reports.