The Colorado Oil & Gas Association filed a lawsuit against the Colorado towns of Fort Collins and Lafayette that recently voted to place bans on hydraulic fracturing within city limits, The Associated Press reports
A poll of voters in Central Appalachia suggests more than 80 percent want to see strong environmental safeguards as a prerequisite to further development of natural gas, The Charleston Gazette reports. The polls was commissioned by the Nature Conservancy and conducted jointly by Republican and Democratic polling firms.
Even as gas resumed flowing through a San Carlos pipeline Monday, the head of Pacific Gas & Electric was being grilled by the California Public Utilities Commission over the line's faulty safety records, KGO-TV reports.
KUALA LUMPUR, Malaysia (AP) — The price of oil extended gains to rise above $94 a barrel Tuesday, ahead of an OPEC meeting and bolstered by encouraging manufacturing data from the world's top two economies.
A natural gas price crunch is almost inevitable this winter in Massachusetts, warns the National Journal, because the region lacks pipeline infrastructure to keep the gas flowing smoothly from wellheads in producing states.
There's so much gas being produced from the Marcellus Shale that it can't be pumped out of Appalachia fast enough, the Wall Street Journal reports, and the glut is driving down power prices so much that it's no longer worthwhile burning coal to generate it in West Virginia and parts of Pennsylvania and Kentucky.
BUCHAREST, Romania (AP) — U.S. oil giant Chevron has resumed its search for shale gas in northeastern Romania amid ongoing opposition from local residents.
In October, Chevron suspended searching for shale gas in the village of Pungesti following protests in the capital and the local area against fracking.
The company said Monday its priority was to "conduct these activities in a safe and environmentally responsible manner." It gained permits to drill exploratory wells in Pungesti in October but halted activity after protests. On Monday, hundreds of police blocked a road to stop residents demonstrating.
As the turmoil increases in Ukraine streets, Bloomberg says a top Russian official is offering the Kiev government cheaper natural gas as an incentive to join a customs union led by Moscow instead of the European Union.
No new rules on chemical safety and storage have been put into place a year after an ammonium nitrate explosion killed 15 people and damaged hundreds of homes in West, Texas, The Wall Street Journal reports, which notes the disaster has spawned disagreements instead.
With rhetoric growing more heated ahead of Ukraine talks set for Thursday, oil prices were back on the rise. WTI increased 88 cents Wednesday in electronic trading on the Nymex to $104.63 a barrel, while in London Brent crude hit $110 a barrel midmorning local time, Reuters reports.
The Texas Petro Index, monitoring the oil and gas industry in the state, hit a level in February not seen since 1980, according to the statistic’s creator, who said crude production for the month came to some 77.2 million barrels, FuelFix reports.
The Senate Majority PAC, providing money for vulnerable Democrats, picked up $11 million in the 1st quarter but other super PACs have been doing well with fund raising also, The Washington Post reports.
Railroads, used to operating under exclusively federal jurisdiction, are coming under increasing pressure to provide more information as they carry crude oil, and will face new rules forcing them to do so this summer, The New York Times reports.
Frigid weather this past winter that resulted in gas price spikes points to the need to improve the ways natural gas gets to market, but more pipeline capacity may not necessarily steady costs, panel members said at a gas forum in Atlanta, Platts reports.
Recent finds of mildly radioactive oil filter socks have triggered concern and illustrates how authorities in North Dakota are having trouble handling some aspects of the shale drilling boom, The Wall Street Journal reports.
As part of a two-year plan to dispose of some of its assets, BP is looking for buyers to take on rights for some 280,000 acres in the Texas Panhandle, in an area rich in natural gas that the company says would be better suited to an operator used to getting the most out of mature territory, FuelFix reports.