ANKARA, Turkey (AP) — Turkey's energy minister says an explosion on a natural gas pipeline between Iran and Turkey caused a large fire and shut down the flow of gas.
Taner Yildiz said Tuesday the explosion was in Agri province, some 15 kilometers from the Iranian border, and he suggested Kurdish rebels were to blame. He said the fire was quickly brought under control.
A draft report from consultants hired by the Maine Public Utilities Commission found that the costs for expanding pipeline capacity to bring more natural gas into the state outweigh the benefits, Platts reports.
News Thursday that Gazprom has canceled its contract with Italian firm Saipem to lay pipe under the Black Sea appears to be a setback for Russia’s plans to build a major gas pipeline to Europe through Turkey, The New York Times reports.
BILLINGS, Mont. (AP) — The Obama administration moved Wednesday to significantly expand a requirement for utilities to install inexpensive safety valves on natural gas lines across the U.S. to reduce the risk of deadly explosions.
The Transportation Department proposal would cover new or replaced gas lines serving multi-family dwellings, small businesses and homes not already covered under a 2009 mandate.
The portion of Spectra Energy's natural gas system that contains the pipe that burst in the Arkansas River last month was last inspected four years ago, when the company was assessed a civil penalty of $134,500 for violations, the Arkansas Democrat-Gazette reports.
MEXICO CITY (AP) — The Mexican government has announced plans for nearly $10 billion worth of electricity and natural gas infrastructure projects, including a gas pipeline under the Gulf of Mexico from Texas to the port of Veracruz.
The Federal Electricity Commission said Monday that the costliest project would be the 500-mile underwater pipeline for carrying natural gas from South Texas. The pipeline is intended to go into operation in June 2018.
An offer from Energy Transfer Equity to buy natural gas pipeline operator Williams Cos. for $48 billion may have been 33 percent higher than Williams’ shares were trading Friday, but after the offer was rejected as too low, Williams stock surged Monday, The Wall Street Journal reports.
Kinder Morgan is looking to put together a 1,100 mile pipeline to bring natural gas from the Marcellus and Utica Shale plays to Gulf Coast refineries, and is soliciting contracts from producers, FuelFix reports.
The Obama administration may be backing away from its insistence that future coal-burning power plants use carbon capture technology, settling instead on a requirement for ultra-supercritical technology in the Environmental Protection Agency's Clean Power Plan, E&E reports.
The U.S. Army Corps of Engineers argued that the Environmental Protection Agency's Clean Water Rule lacks a sound scientific basis in memos made public by the House Oversight and Government Reform Committee Thursday, The Hill reports.
The Department of Energy has agreed to rework its proposed efficiency standards for walk-in freezers and coolers, according to the Air-Conditioning, Heating and Refrigeration Institute, which says it has reached a settlement with the DOE over the issue, The Hill reports.
Sen. Martin Heinrich, D-N.M. says some other Democrats may be willing to go along with him and Sen. Angus King, I-Me., in a willingness to support legislation lifting the ban on U.S. crude exports if it also backs renewable energy such as wind and solar, E&E reports.
Despite data from the Energy Information Administration showing that U.S. crude production peaked at almost 9.7 million barrels a day in March, news of an increase in oil rig count this week piled more pressure on prices. U.S. benchmark crude slumped $1.40, or 2.9 percent, to settle at $47.12 a barrel on the Nymex, while in London, Brent dropped $1.10 to $52.26, its lowest settlement since January, The Wall Street Journal reports.
Chevron is getting nearly a third more oil and gas from its wells in the Permian Basin, and is paying less for oilfield services as well—but even so, its second quarter profits dove 90 percent on lower crude prices, FuelFix reports.
Hess has increased its production forecast for its Bakken Shale operations to up to 110,000 barrels of oil equivalent per day, despite the company dropping the number of rigs it’s operating in the play, Platts reports.
Many witnesses testifying at the first Interior Department hearing on the future of the federal coal program—which was attended by Secretary Sally Jewell—said they wanted to see higher royalty rates to raise more money for U.S. taxpayers, High Country News reports.
Senior creditors for Alpha Natural Resources Inc. will loan money to the beleaguered Virginia-based coal company to help it get through bankruptcy, a filing for which could come as early as Monday, Bloomberg reports.
Although Thursday’s peak demand of 67,624 megawatts didn’t break the all-time record as the Electric Reliability Council of Texas had feared, it's been a huge week for demand, and the grid operator expects high usage throughout the summer, FuelFix reports.