YANGON, Myanmar (AP) — Major oil companies including Total, Chevron, Woodside Energy and Shell have won bids for offshore oil and gas exploration blocks off Myanmar's western and southern coasts, the country's Energy Ministry said Wednesday.
An announcement on the ministry's website said 13 oil companies won bids to explore in 10 shallow water blocks and 10 deep water blocks in the Gulf of Martaban and Tanintharyi, off the western state of Rakhine.
HOUSTON (AP) — A century ago, the Houston Ship Channel was nothing more than a bayou meandering into the Gulf of Mexico. Today, massive ocean-going vessels carrying thousands of containers zip in and out of the channel, where a barge collided with a ship over the weekend, spilling 170,000 gallons of gooey tar-like oil into the water.
Though the cause of Saturday's crash is still under investigation, the increase in ship congestion highlights the need for more maintenance, dredging, high-tech navigation systems and other improvements to ensure safe travel through the narrow waterway. Add to this a domestic oil boom, exports of liquid natural gas, the expected expansion of the Panama Canal and the whiff of possible trade relations with Cuba and the growth takes on broad economic and safety implications.
Senate Energy and Natural Resources Chair Mary Landrieu on Tuesday used her first hearing in the post to firmly side with advocates for exports of U.S. energy, which she said will create jobs and undermine Russian President Vladimir Putin's control of natural gas supplies to Europe.
But she also encountered Democratic resistance to unlimited exports, which senators said could undercut new manufacturing and raise prices.
UNEAU, Alaska (AP) — Gov. Sean Parnell has signed an administrative order creating a municipal advisory board to weigh in on issues related to the liquefied natural gas project.
Mayors sought assurances they would have a voice on terms affecting local communities, including proposed payments in lieu of taxes. They also expressed concern about ensuring existing oil and gas properties, such as the trans-Alaska pipeline system, from which communities derive taxes currently, are not affected.
MILAN (AP) — The CEO of Italian energy company Eni says he's optimistic that Italy has a secure gas supply from Libya in case imports from Russia are hurt by sanctions. But the amounts, analysts warn, are dwarfed by the size of Russian supplies.
Italy and other European countries are assessing their energy supplies amid concerns that imports from Russia might be pinched in the case sanctions between Moscow and Western powers are escalated. For Italy, Libya has been a key source of gas, but the country's production has not recovered fully since its civil war in 2011 due to continuing security issues.
With U.S. natural gas liquids exports effectively halted by the spill in the Houston Ship Channel, observers are pointing to the need to find other ports that can handle some of the traffic, Bloomberg reports.
A high-profile anti-fracking activist who often gives tours of natural gas drilling sites in northeastern Pennsylvania's Marcellus Shale region asked a judge Monday for relief from an order barring her from stepping foot on more than 300 square miles of land owned or leased by one of the state's leading natural gas drillers.
Vera Scroggins said the injunction, in place since October, has effectively prevented her from traveling to her favorite grocery store, eye doctor, hospital, restaurants, businesses and friends' homes because all of them have leased land to Cabot Oil & Gas Corp.
An Energy Department official has cautioned lawmakers that a natural gas exports bill backed by House Republicans would effectively end the public's input into decisions about how much U.S. liquefied natural gas gets sent overseas.
In prepared remarks for a hearing Tuesday before a House subcommittee, Deputy Assistant Secretary for Oil and Natural Gas Paula Gant said the bill would immediately approve an additional 26.6 billion cubic feet per day of LNG exports to non-free trade agreement countries, about triple the amount already authorized by the department.
Advocates for expanded natural gas exports cheered the Energy Department's approval on Monday of the planned Jordan Cove terminal in Coos Bay, Ore., but those who have urged caution warned of possible domestic price impacts.
The department approved the export of up to 800 million cubic feet per day in liquefied natural gas from the terminal to nations without a free trade agreement with the U.S. The approval came the same day President Barack Obama met with European leaders to discuss the Ukraine crisis, and a day before hearings planned in the House and Senate in support of greater gas exports.
NEW YORK (AP) — The price of oil edged higher Monday as traders waited to see how long a key transit route in the Gulf would be closed following an oil spill there.
Benchmark U.S. crude for May delivery rose 14 cents to close at $99.60 a barrel on the New York Mercantile Exchange. Brent crude, used to set prices for international varieties of crude, slipped 11 cents to $106.81 a barrel in London.
On Saturday, a barge carrying about 900,000 gallons of heavy oil collided with a ship in the Houston Ship Channel, spilling as much as 168,000 gallons into one of the world's busiest waterways. More than 80 ships have been forced to wait to enter or leave the bay.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.