INEOS – a chemical company that is building Europe’s largest shale gas import facility in Britain – also plans to drill for gas locally, spending $1 billion on exploration and production, BBC News reports.
NEW YORK (AP) — The cold is back, and with it, rising heating bills.
This winter was expected to bring much lower bills than last year because it wasn't supposed to be so darn cold. Homeowners could go a little easier on the thermostat, and less fuel use would offset rising prices for natural gas and electricity, which generates heat for 88 percent of U.S. households.
Then, descending from the Arctic, came a block of cold air nearly the size of the entire Lower 48. This month is now on track to be the coldest November since 1996.
NORFOLK, Va. (AP) — Over the objection of environmental groups and Virginia's governor, a federal management plan released Tuesday will allow a form of natural gas drilling known as fracking to occur in parts of the largest national forest on the East Coast.
The U.S. Forest Service originally planned to ban fracking in the 1.1 million-acre George Washington National Forest, but energy companies cried foul after a draft of the plan was released in 2011. It would have been the first outright ban on the practice in a national forest.
More natural gas is available this year despite the supply depletion from last winter’s freezing temperatures, replenished because of a swift inventory buildup and substantial infrastructure investment, according to America’s Natural Gas Alliance, FuelFix reports.
The Energy Department has cleared two final export approvals for Freeport LNG's liquefied natural gas project in Quintana Island, Texas, allowing the company to ship up to 1.8 billion cubic feet per day to non-free trade agreement nations, Reuters reports.
E&E reports on the structure of LNG Allies Inc., a recently formed nonprofit linking U.S. oil and gas industry groups with representatives of foreign nations interested in U.S. liquefied natural gas in an effort to encourage the federal government to expand LNG exports.
California has formally joined a lawsuit accusing BP of overcharging the state by up to $300 million for natural gas, charging the company inflated market prices in a $2 billion contract and made three times more profit than the deal allowed, The Associated Press reports.
Dismissing a story in Canadian media that a decision on the Keystone XL pipeline is imminent, White House spokesman Josh Earnest said the State Department is still reviewing the proposed project, The Hill reports.
Environmentalists plan to protest the Obama administration approval of drilling in Arctic waters when the president visits Alaska, while the state’s governor and others plan to push for more oil and gas production, National Journal reports.
Despite New Orleans’ recovery from Hurricane Katrina – hailed by President Obama in a visit Thursday – the federal government is still falling short when it comes to improving flood defenses, according to an analysis from the Georgetown Climate Center, E&E reports.
Oil was rising again Friday after prices a day earlier racked up the biggest single day increase since March, 2009. U.S. benchmark crude for October delivery was up $1.56 to $44.12 a barrel on the Nymex, while in London Brent jumped $1.18 to $48.74, The Wall Street Journal reports.
Seeo – a California-based developer of electric car batteries that holds a licence for patents from the Lawrence Berkeley National Laboratory – has been acquired by international car parts company Robert Bosch, Reuters reports.
An analysis prepared for the New England Coalition for Affordable Energy -– which was funded by the American Petroleum Institute and America’s Natural Gas Alliance -– found that New England could end up paying $5.4 billion more for energy if the region fails to upgrade its infrastructure, the New Haven Register reports.
Hercules Offshore didn’t appeal a move by Nasdaq to have its stock deslisted from the exchange in the wake of its Chapter 11 filing, so the company stock – trading for 7 cents a share Thursday afternoon – is now handled in the over-the-counter market, FuelFix reports.
In the heart of Colorado’s drilling boom, Weld County saw the highest rate of job growth in the country even though the state adopted air pollution rules seen as a precursor to those under consideration at the Environmental Protection Agency, E&E reports.