NICOSIA, Cyprus (AP) — European Union member Cyprus will oppose any progress in Turkey's ongoing talks to join the 28-nation bloc in response to a Turkish gas search in waters where Cyprus has already licensed companies to drill, an official said Tuesday.
The move is one of several new measures that the Cypriot government unveiled after accusing Turkey of stepping up its violation of the small country's sovereign rights by dispatching a research ship off its southern coast.
Monday’s settlement for November natural gas futures on the Nymex – down 9.6 cents to $3.67 per million British thermal units – represents an 11-month low, and analysts told Platts a mild weather forecast for the month will likely reinforce the sluggish trend.
Tesoro Logistics is getting into the natural gas business, picking up assets from QEP Resources in Colorado, Utah and North Dakota in a deal with a $2.5 billion price tag, the San Antonio Express-News reports.
Increased natural gas production, which has almost replaced supplies depleted by last winter’s deep freeze, has sent prices down even as the next cold season approaches, The Wall Street Journal reports.
Some environmental concerns still need to be satisfied, but Freeport LNG can start site preparation as well as construction for liquefaction facilities at its planned export facility at Quintana Island in Texas, under permission granted by the Federal Energy Regulatory Commission Friday, FuelFix reports.
The Environmental Protection Agency has approved a greenhouse gas permit for Natgasoline's proposed methanol plant in Beaumont, Texas, ending the final regulatory hurdle for the project that could cost as much as $1.8 billion, the Beaumont Enterprise reports.
European Union-backed talks between Ukrainian President Petro Poroshenko and Russian President Vladimir Putin in Milan have made little progress on extending a ceasefire or settling a natural gas supply dispute between the two, Newsweek reports.
The American Gas Association plans to launch an effort to encourage natural gas companies to offer critiques of each other's safety policies, an effort modeled after similar peer-review systems employed by the nuclear and aviation industries, FuelFix reports.
U.S crude prices racked up their first weekly gain since September, as news that China cut interest rates to boost its economy raised expectations of increased oil demand in the future. West Texas Intermediate crude for January delivery was up 66 cents to finish Friday’s Nymex session at $76.51 a barrel, while in London Brent jumped $1.03 to settle at $80.36, Bloomberg reports.
Royal Dutch Shell, Hess Corp., Exxon Mobil Corp. and Chevron Corp. are among major oil companies with new drilling projects in the Gulf of Mexico, a number in deep water, although a continued decline in oil prices could slow development, The Wall Street Journal reports.
Phillips 66 Partners and Paradigm Energy Partners will join forces to construct the 76-mile Sacagawea Pipeline and a 710-acre rail terminal aimed at transporting Bakken crude from North Dakota more effectively, FuelFix reports.
Customers will see substantially higher energy prices as a result of the Environmental Protection Agency’s rule to curb carbon emissions from existing power plants, according to a study commissioned by coal company Peabody Energy and conducted by Energy Ventures Analysis, which offers a state-by-state breakdown of costs, the San Antonio Business Journal reports.
Rep. Raul Grijalva, D-Ariz., is expected to carry the flag for environmental issues -- fighting climate change, in particular -- as he becomes his party’s ranking member on the House Natural Resources Committee in the next Congress, E&E reports.
No matter the winners in significant battleground states in the 2014 elections, voters there support the fight against climate change, the Sierra Club said, citing statistics from a poll conducted by Hart Research Associates, The Hill reports.
Most Americans believe poorer, less developed parts of the world will bear the brunt of climate change, rather than the U.S., according to a survey conducted by the Public Religion Research Institute and the American Academy of Religion, E&E reports.
The world spent less money -- $331 billion -- on fighting climate change in 2013, the second year in a row the figure dropped, according to a study from the Climate Policy Initiative, which attributed the fall in part to the lower cost of solar energy, Reuters reports.
Only 3.87 billion cubic meters of natural gas heading to Europe from Russia moved through pipelines in Ukraine in October, a little over half of the amount transiting in the year-ago period, Platts reports.