Natural Gas

Fracking companies look to solar panels to power equipment

Source: 
Bloomberg
Though most hydraulic fracturing sites are powered by diesel engines, some companies are using solar panels and gravity to power equipment in an effort to reduce carbon emissions and create quieter processes, Bloomberg reports.

Cuomo administration delays decision on fracking ban

Source: 
Reuters
New York Gov. Andrew Cuomo's administration announced it would delay its decision on the fate of a four-year-old ban on hydraulic fracturing. The Department of Environmental Conservation filed a 90-day deadline extension in order to complete a study on fracking's health effects, Reuters reports.

Gas driller pays $177K to settle EPA wetlands violations

Source: 
The Associated Press

PDC Mountaineer of Bridgeport, W.Va., will pay $177,500 to settle claims by the Environmental Protection Agency that it failed to obtain Clean Water Act permits for natural gas drilling sites, the Associated Press reports. 

Oil

Oil rises on higher economic growth expectation

NEW YORK (AP) — The price of oil rose Thursday on an improved reading on U.S economic growth while lawmakers continued their tussle over the "fiscal cliff."

Oil

Oil rises as worries over US budget deal ease

BANGKOK (AP) — The price of oil rose Thursday as U.S. leaders voiced optimism that a budget deal would be reached before the end of the year.

Benchmark crude for January delivery was up 53 cents to $87.02 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 69 cents to finish at $86.49 per barrel in New York.

Developer sues N.Y. environment agency over fracking moratorium

Source: 
The Wall Street Journal
Natural-gas developer Lenape Resources has filed a lawsuit against the New York Department of Environmental Conservation and the Town of Avon to challenge a local moratorium on hydraulic fracturing, The Wall Street Journal reports.
Oil

'Fiscal cliff' worries pressure oil prices

The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues.

Benchmark oil dropped 69 cents to finish at $86.49 per barrel in New York. Earlier, the price was down nearly 2 percent. But much of the loss was erased after a Federal Reserve survey showed economic growth improved in October and early November across much of the country.

Oil

Oil below $87 after OECD cuts growth forecasts

BANGKOK (AP) — The price of oil fell below $87 a barrel Wednesday after the Organization for Economic Cooperation and Development cut its growth outlook for the U.S. and the 17 countries that use the euro currency.

New York seeks extension on fracking regulation deadline

Source: 
Bloomberg
The New York Environmental Conservation Department has asked the Office of Administrative Hearings for a 90-day extension of a Nov. 29 deadline to write hydraulic fracturing rules. If approved, the extension would allow a longer public-comment period, Bloomberg reports.

Afghans look to local natural gas as energy source

Source: 
The Wall Street Journal
Bolstered by Pentagon investments, some regions in Afghanistan have started to used locally produced natural gas as a source of fuel for the nation's energy future, The Wall Street Journal reports.

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