Natural Gas

FERC releases impact statement on Cameron LNG

CAMERON, La. (AP) — A proposed liquefied natural gas export terminal in Cameron Parish would not significantly damage the environment, the Federal Energy Regulatory Commission staff said Wednesday. The conclusion also applies to 21 miles of pipeline and associated facilities proposed for Cameron, Calcasieu, and Beauregard parishes.

The project has adequate plans to compensate for filling in 213 acres of wetlands, according to an environmental impact study released Wednesday. It says those include using dredged material to turn an area of open water to brackish marsh and buying credits from approved mitigation banks.

FERC: ‘Less-than-significant’ environmental impact from Cameron LNG project

Source: 
Platts

A review by the Federal Energy Regulatory Commission, hailed by Sen. Mary Landrieu, D-La., has found that the environmental impact from the Cameron LNG project in the state would be cut to “less-than-significant levels” given the steps the operator is proposing to minimize it, Platts reports.

Energy provider Dominion 1Q profit falls 23 pct

RICHMOND, Va. (AP) — Dominion Resources Inc. said Wednesday that its first-quarter profit fell more than 23 percent on costs related to the repositioning of its producer-services business despite higher electricity sales.

The Richmond, Va., energy provider posted earnings of $379 million, or 65 cents per share, for the period ended March 31. That's down from $495 million, or 86 cents per share, a year ago.

Production costs dropping for US oil and gas, says EIA chief

Source: 
Platts

Adam Sieminski, head of the Energy Information Administration, says EIA is facing a challenge in predicting oil and gas production because technology is lowering costs, Platts reports.

Oil

Oily mist sprayed over 27 acres at Prudhoe Bay

ANCHORAGE, Alaska (AP) — State officials say an oily mist was sprayed over 27 acres of snow-covered tundra on the North Slope because of a pipeline failure.

Authorities say the release of natural gas and water containing crude oil was found during routine inspections Monday. The spray was active for about two hours before the line was isolated and depressurized.

Michigan to require fracking disclosure

Source: 
Detroit Free Press

New rules governing hydraulic fracturing in Michigan will require drillers to perform baseline water testing as well as disclosing the chemicals they use in their process, the Detroit Free Press reports.

House Oversight subcommittee hearing on LNG exports and foreign policy

Washington, April 30, 2014, 10:00 am

House Oversight Energy Policy, Health Care and Entitlements Subcommittee hearing, "Examining the Effect of Liquefied Natural Gas Exports on U.S. Foreign Policy." Energy Department Principal Deputy Assistant Secretary for Fossil Energy Christopher Smith, State Department Deputy Assistant Secretary for Energy Diplomacy Amos J. Hochstein to testify.

 

Austria, Russia sign agreement on gas pipeline

VIENNA (AP) — Top Austrian and Russian energy conglomerates have signed an agreement expressing their commitment to building the Austrian section of a pipeline to supply Europe with natural gas while circumventing Ukraine.

The memorandum on Russia's "South Stream" pipeline was signed Tuesday by Gerhard Roiss of Austria's OMV and Gazprom chief Alexei Miller

Oil

Colorado Senate group shelves Front Range drilling study

DENVER (AP) — A divisive proposal to commission a new study about the health effects of drilling along Colorado's Front Range was defeated Tuesday.

The Senate Appropriations Committee voted against the study amid concerns the Health Department already has the ability to study the effects. The measure had already passed in the House.

The bill would have ordered the state Health Department to study "health and quality of life effects" of drilling in Adams, Boulder, Larimer and Weld counties.

Oil

Eni 1Q earns down on lower demand, Libya unrest

MILAN (AP) — Italy's largest energy company, Eni SpA, says that its first-quarter profits dropped 16 percent due to sluggish domestic sales and volatility in Libya where it produces.

The Rome-based company said Tuesday that net profit for the first quarter was 1.3 billion euros ($1.8 billion), compared with 1.5 billion euros last year.

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