House Republicans this week are set to pass a 2015 budget and advance energy exports legislation that will let them tout their differences with the Obama administration during the upcoming Easter recess.
They plan to pass the budget drafted by House Budget Committee Chairman Paul Ryan, R-Wis. by Thursday, and earlier in the week will start advancing a bill through the House Energy and Commerce Committee that would speed up approvals for liquefied natural gas exports.
HARRISBURG, Pa. (AP) — Pennsylvania's new "impact fee" on the booming natural gas drilling industry is expected to generate $224.5 million from wells in 2013, up 10 percent over last year, Gov. Tom Corbett's administration said Friday.
The projection is based on Pennsylvania Public Utility Commission data, and the money will be paid out July 1 to local governments and state agencies and programs.
Growing LNG demand in Asia, South America and Europe will more than offset any potential increases in supply from the U.S., Australia and North Africa, according to a study by Bernstein Research, Platts reports.
HARRISBURG, Pa. (AP) — A new state report says Pennsylvania's natural gas industry remained a relatively small contributor of air pollution in 2012 from industrial facilities, despite including more compressor stations than 2011.
The Department of Environmental Protection released the data Thursday.
Ex-BP CEO John Browne may be out in front of the push for fracking in Britain, but moves are afoot elsewhere globally -- in Europe and China, Argentina and Mexico -- to start extracting gas from shale, Bloomberg reports.
Documents filed to support a court challenge to Pennsylvania's oil and gas law claim that the state Department of Environmental Protection doesn't always record or make public complaints about water contamination, particularly in cases where drillers negotiate settlements with private water well owners, the Pittsburgh Post-Gazette reports.
The price of oil drifted lower Thursday even after China introduced measures to underpin growth and U.S. crude inventories unexpectedly declined.
Benchmark U.S. crude for May delivery was down 50 cents to $99.12 a barrel at 0900 GMT in electronic trading on the New York Mercantile Exchange. The contract shed 12 cents to close at $99.62 on Wednesday.
Brent crude, used to set prices for international varieties of oil, was down 13 cents to $104.66 a barrel on the ICE exchange in London.
A failure to lift the ban on crude exports could have a chilling effect on the U.S. oil boom, Rice University economist Kenneth Medlock told a panel in Washington Wednesday, painting a “train wreck” scenario where falling domestic crude prices could encourage drillers to go elsewhere, FuelFix reports.
Meeting voters in Iowa, Vice President Joe Biden wouldn’t divulge it when asked his opinion on the Keystone XL pipeline -- although he said he had given it to President Obama -- commenting that he’s learned “not to step on the president’s lines,” The Guardian reports.
Taking a stance against measures to fight global warming will be "extremely harmful" to Republican candidates when voters cast ballots in the general election for president in November, 2016, activist Al Gore told National Journal in an interview Wednesday.
The same set of factors weighing on oil in recent weeks – ample supply, weak demand projections and a strong dollar – moderated by renewed Libya fighting that affected oil production, saw prices edge down Thursday. U.S. benchmark crude dropped 21 cents to $94.21 a barrel in electronic trading on the Nymex, while in London Brent slipped 7 cents to $98.90, Reuters reports.
Consol Energy and Noble Energy hope to raise more than $422 million on 20 million shares up for sale in an initial public offering for their firm Cone Midstream Partners, according to documents filed with the Securities and Exchange Commission Wednesday, the Houston Business Journal reports.
George P. Bush is unlikely to have much trouble winning his race to become Texas land commissioner, which gives him control over the state’s oil and gas contracts and has been a jumping off point for those seeking higher office in the past, E&E reports.
Massachusetts is selling $350 million in green bonds this week, more than three times what the state sold last year, as it tries to cash in on interest in environmentally friendly investments, The Wall Street Journal reports.
In a non-binding vote last week, shareholders of Cheniere Energy said no to the company’s 2013 plans for executive compensation, including a package for CEO Charif Souki worth $142 million, according to documents filed with regulators Wednesday, FuelFix reports.
A task force report recommending against fossil fuel divestment for the University of California right now was backed by a regents committee Wednesday and is expected to gain the support of the full board Thursday, the Los Angeles Times reports.