NEW YORK (AP) — Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies.
The price of natural gas has dropped 29 percent in a month, to $3.17 per 1,000 cubic feet on Tuesday from nearly $4.50 in late November. That's a steep drop even for a fuel notorious for volatile price swings.
JERUSALEM (AP) — Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry.
A conglomerate of companies including Texas-based Noble Energy and Israel's Delek Group has been developing Israel's offshore natural gas deposits, selling gas to the Israeli market and agreeing to sell to neighboring countries as well.
Other companies may have been pulling out of natural gas drilling, but Southwestern Energy and its CEO Steven Mueller are plugging away at existing wells and continue to expand shale drilling, The New York Times reports.
Exxon Mobil subsidiary XTO Energy has settled federal allegations that it illegally dumped fill dirt and other materials at natural gas well sites into wetlands and streams in West Virginia, the Environmental Protection Agency announced Monday.
The Ft. Worth, Texas-based company will pay a $2.3 million civil penalty and spend $3 million to clean up eight sites in three counties where it dumped the fill without a Clean Water Act permit from the Army Corps of Engineers. EPA said the penalty is one of the largest levied to date for unauthorized dumping of fill or dredged materials under the law.
With continued mild weather and the fear of frigid cold receding, natural gas prices slumped 31 cents to the lowest level in nearly two years, at $3.144 per million British thermal units, FuelFix reports.
ALBANY, N.Y. (AP) — While environmental groups are doing a victory dance over New York's decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.
"I'm devastated," Johnson said after Gov. Andrew Cuomo's health and environmental commissioners announced Wednesday that they were recommending a fracking ban. "I have concerns about how to continue this farm that's been in the family for 150 years."
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.
H.R. 5705, sponsored by Rep. Robert Latta, R-Ohio, which calls for for more training about propane pricing and new data to be used by the Commerce Department in calculating prices, has been signed into law by President Obama, Platts reports.
The latest Short-Term Energy Outlook from the Energy Information Administration predicts the U.S. power sector will use an estimated 781.4 million short tons of coal this year, a drop of 8.2 percent from 2014, Platts reports.
In a compromise offer to Pennsylvania lawmakers to try to break the impasse over the state budget, Gov. Tom Wolf is proposing to make cuts in several of his tax proposals, including the one for a gas extraction tax, The Associated Press reports.
American Petroleum Institute data showing a decrease in crude and distillate stocks on Wednesday helped oil prices build on big gains a day earlier. Light U.S. crude rose $1.07 to $49.60 a barrel in electronic trading on the Nymex early Wednesday, while in London Brent gained 90 cents to $52.82, Reuters reports.
A National Institute for Occupational Safety and Health epidemiologist says detailed federal data on the deaths of workers in the oil and gas industry can point to trends and offer lessons for improved safety going forward, the Pittsburgh Post-Gazette reports.
The upcoming global climate change conference in Paris should recognize that coal continues to be an important energy source, a top official with mining giant Glencore was set to tell a conference in Australia Wednesday, Reuters reports.
Exterran Holdings says it intends by year's end to reorganize into two entities: the natural gas compression firm Archrock Inc. and gas transportation partnership Archrock Partners LP, FuelFix reports.
Strapped renewable firm SunEdison Inc. hasn’t been able to make a $400 million cash payment that was needed to complete its purchase of Latin American Power, people familiar with the matter told The Wall Street Journal.
Fox2Detroit probes the appointment of former Consumers Energy official Norm Saari to a post on the Michigan Public Service Commission, which watchdog Progress Michigan describes as tapping “a fox to guard a henhouse.”