Oklahoma has experienced twice the number of earthquakes this year as California, and some communities and environmental groups are concerned that the state's surge in hydraulic fracturing may be playing a role, Bloomberg reports.
PARIS (AP) — French President Francois Hollande and U.S. President Barack Obama are pressing for a meeting "as quickly as possible" to negotiate a bilateral cease-fire in Ukraine, Hollande's office said Monday.
Hollande's office said in a statement that the two leaders spoke by phone Monday and called on Russian President Vladimir Putin to press separatists to accept dialogue with Ukrainian authorities.
Ukraine's President Petro Poroshenko promised to start talks on a new cease-fire last week. A contact group for the Organization for Security and Co-operation in Europe met in Kiev on Sunday to discuss the situation in Donetsk, but no representatives from the rebels attended and no breakthroughs were announced.
SOFIA, Bulgaria (AP) — Bulgaria and Russia on Monday voiced hope that work on the Russia-led South Stream gas pipeline project, which had been blocked by the European Union, can be resumed.
Last month, Bulgaria, an EU member, suspended work on the pipeline after the EU executive commission said Bulgaria hadn't respected internal market rules covering the award of public contracts.
Bulgarian Prime Minister Oresharski said the pipeline project is very important to his country and its implementation will be resumed within the European legal framework. Russian Foreign Minister Sergey Lavrov, who was visiting, called on the EU to restart dialogue with Russia on the pipeline project, adding that construction is still on deadline.
The price of oil slipped below $104 a barrel Monday on expectations that Libya will soon boost its exports of crude.
Benchmark U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell 40 cents to close at $110.24 in London.
An agreement in Libya between the central government and a regional militia is expected to lead to the reopening of two oil terminals that would boost the country's crude exports by about 500,000 barrels a day. Libya currently produces around 350,000 barrels of oil a day.
Oil fell below $104 per barrel on Monday as expectations of increased supply offset strong U.S. job growth.
U.S. crude for August delivery was down 25 cents to $103.81 a barrel at 0620 GMT in electronic trading on the New York Mercantile Exchange. The contract sunk as low as $103.70 on Friday before closing at $104.06.
Brent crude, a benchmark for international oils, was up 2 cents at $110.66 on the ICE exchange in London.
Saying Europe could reap one tenth of its energy needs from hydraulic fracturing in shale, European Union Energy Commissioner Guenther Oettinger urged Germany to keep an open mind on fracking in light of recent recommendations that raise concern on the safety of the process, Reuters reports.
Now that the state of Alaska and four firms – Exxon Mobil, ConocoPhillips, BP and TransCanada – have signed a joint venture agreement, design work is underway on an LNG project that includes an 800-mile pipeline and an export plant, Gov. Sean Parnell said Wednesday, Reuters reports.
The tanker BW Zambesi sailed from Texas Wednesday night headed for South Korea loaded with $40 million in condensate from Enterprise Products Partners, but the Commerce Department move to permit such exports -- now on hold -- caught the White House by surprise, senior adviser John Podesta told The Wall Street Journal.
The latest round of sanctions against Russia over its actions in Ukraine have major energy companies -- including BP and Total -- thinking again about the way they do business with Moscow, The New York Times reports.
The Center for Liquefied Natural Gas, responding to a Department of Energy draft report estimating the impact LNG exports would have on greenhouse gas emissions, warned that taking it into consideration would open the door to legal challenges, National Journal reports.
The southern parts of the Pegasus pipeline, which ruptured causing a major spill in Arkansas in March 2013, restarted on July 9, Exxon Mobil told the Arkansas Democrat-Gazette in an email, The Associated Press reports.
Increasing OPEC production and higher U.S. gasoline stockpiles outweighed international crises to send oil prices lower Thursday. Benchmark crude for September delivery fell 75 cents to $99.52 a barrel in electronic trading on the New York Mercantile Exchange, while in London Brent crude was 40 cents down to $106.11, Reuters reports.
Sen. Joe Manchin, D-W.Va., has re-introduced a measure that would keep the Export-Import Bank going, but without controversial language that would lift restrictions on it financing coal plants overseas, and the bill has now attracted support from Sen. Maria Cantwell, D-Wash., The Hill reports.
With the departure of two more managers -- Bob Perciasepe and Craig Hooks -- from the Environmental Protection Agency, EPA will have eight vacancies among its 14 key political posts, a special problem when it has a full load of challenges, E&E reports.
Departing Environmental Protection Agency Deputy Administrator Bob Perciasepe says he hopes to be able to “build a bridge” with Republicans over the EPA’s rules limiting carbon emissions from power plants and clarifying jurisdiction over bodies of water (WOTUS), but he’s meeting with skepticism, The Hill reports.
Evangelical and conservative Christians were among those speaking out in favor of the Environmental Protection Agency’s rule to limit carbon emissions from power plants during two days of hearings on the regulation this week in Washington, The New York Times reports.
The lack of interested buyers thus far for the electricity output of TransAlta’s coal-fired plant in Centralia, Washington is due to soft prices in the Pacific Northwest and not moves by the Environmental Protection Agency to regulate carbon emissions, company chief Dawn Farrell told Platts.