NEW YORK (AP) — Exxon Mobil is explaining how it is working to manage the risks of hydraulic fracturing in a report issued in response to pressure from a corporate responsibility group, the New York City Comptroller, and other shareholders.
The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks. The report also goes into detail about the benefits of unconventional oil and gas production and how it compares favorably to many other types of energy production and generation.
The partnership between Qatar and Exxon Mobil in plans to export liquefied natural gas from the Golden Pass terminal in Texas is part of the Gulf nation’s strategy to maintain its status as a major player in the industry globally into the future, The New York Times reports.
BEIRUT (AP) — U.S.-led coalition warplanes bombed Islamic State group positions overnight across four provinces in northern and eastern Syria, hitting a grain silo as well as the country's largest gas plant, activists said Monday.
Washington and its Arab allies opened their air assault against the extremist group last week, going after its military facilities, training camps, heavy weapons and oil installations. The campaign expands upon the air strikes the United States has been conducting against the militants in Iraq since early August.
PITTSBURGH (AP) — The gas drilling industry in Pennsylvania is recycling more and more water and one river basin commission now reports drillers there are drawing less freshwater than in the past.
Water use by the natural gas industry in the Susquehanna River Basin peaked at about 3.8 billion gallons in 2011 and that figure declined to about 3.1 billion gallons in 2013, Andrew J. Gavin, deputy executive director of the Susquehanna River Basin Commission, told The Associated Press.
Gas and utility company NiSource Inc. announced Sunday that it plans to split off its natural gas pipeline and related businesses into a stand-alone publicly traded company.
The new company, Columbia Pipeline Group Inc., will control the business of transporting and storing natural gas. It is expected to be listed on the New York Stock Exchange and has 15,000 miles of natural gas transmission pipelines and nearly 300 billion cubic feet of underground natural gas storage capacity.
BERLIN (AP) — Ukraine would repay $3.1 billion in debts to Russia in exchange for guaranteed gas deliveries through the harsh winter months under a proposal unveiled Friday after talks brokered by the European Union.
The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn't resolve a deeper dispute over what price Kiev should pay for past and future deliveries. An arbitration court in Stockholm is expected to rule only next year on that.
Plants would no longer be exempt from air pollution regulations when they’re starting up, shutting down or malfunctioning, under a new regulation from the Environmental Protection Agency, The Hill reports.
A series of major energy and environmental regulations will be published by federal agencies between June and August, including the Environmental Protection Agency’s rules limiting power plant carbon emissions, the Interior Department’s rule protecting streams from mountaintop removal coal mining, and the Obama administration strategy for cutting methane emissions, The Hill reports.
A group of senators - 17 Democrats and Independent Bernie Sanders - has written to Interior Secretary Sally Jewell, asking her to stop Royal Dutch Shell or anyone else from drilling in the Arctic, Reuters reports.
The reaction in Washington to this week’s oil spill off the coast of Santa Barbara has been muted, National Journal reports, despite wishes expressed by environmentalists that the incident generate backing for policies moving the country away from fossil fuels.
A website set up by Sens. James Lankford, R-Okla., and Heidi Heitkamp, D-N.D., to collect grievances about federal regulation and bureaucracy has received complaints about a wide variety of the Environmental Protection Agency’s pending regulations, E&E reports.
Mississippi electric power cooperatives are backing away from a deal in which they would take 15 percent ownership of the Kemper County coal plant that will use carbon capture technology, because they said the power it generates would end up being too expensive, E&E reports.
A stronger dollar combined with the drop of only 1 oil rig in Baker Hughes’ weekly count sent crude prices sliding Friday. Benchmark West Texas Intermediate crude lost 1.6 percent, or $1, to settle at $59.72 a barrel on the Nymex, while in London, Brent was $1.17 , or 1.8 percent, lower, at $65.37, The Wall Street Journal reports.
Standard & Poor’s thinks oil companies that have managed to survive the slide in crude prices by borrowing more money may start running into trouble in the coming months, particularly if the price stays in the $50 range, FuelFix reports.
A new analysis concludes that wells in Mountrail and McKenzie counties in North Dakota’s Bakken Shale are productive enough to remain profitable even with oil prices around $60 a barrel, FuelFix reports.
With oil prices dramatically lower than a year ago, AAA predicts that more than 37 million people will travel more than 50 miles over the Memorial Day weekend - the most since 2005, The New York Times reports.