Grupo Fermaca is to build a 262-mile pipeline -– to come online in 2017 -- that will bring U.S. natural gas to northern Mexico, now that the firm has won construction rights in an auction, state power company CFE announced late Tuesday, Platts reports.
NICOSIA, Cyprus (AP) — Cyprus says it has joined with Israel and Greece to get the European Union to consider a pipeline that would link the continent with newly found natural gas fields in the eastern Mediterranean.
A statement Tuesday said Cypriot Energy Minister Giorgos Lakkotrypis and his Greek counterpart Yiannis Maniatis pitched the idea to European Commission Energy Union chief Maros Sefcovic.
Despite President Vladimir Putin’s announcement that Russia was abandoning the idea of building the South Stream pipeline to bring his country’s gas into Europe, leaders of Bulgaria and the European Union are not giving up on the project, with European Commission President Jean-Claud Juncker declaring differences with Moscow “are not insurmountable,” The Wall Street Journal reports.
HARRISBURG, Pennsylvania (AP) — U.S. energy regulators have approved a $700 million pipeline project designed to bring cheap shale natural gas from Pennsylvania into high-priced markets in New England and New York.
The project's backers said Wednesday that the Federal Energy Regulatory Commission's approval means the 124-mile (200-kilometer) Constitution Pipeline could be operational by next winter, if it gets the remaining regulatory approvals from various state and federal agencies in a timely fashion.
The Federal Energy Regulatory Commission has approved construction of the Constitution Pipeline, which would bring natural gas from the Marcellus Shale to New York and New England, the Pittsburgh Post-Gazette reports.
Nearly a third of natural gas pipelines going to the Northeast could be capable of handling two-way flows in another two years, the Energy Information Administration said in a new report Tuesday, according to FuelFix.
ANKARA, Turkey (AP) — Russia is scrapping the South Stream natural gas pipeline project and may cooperate with Turkey instead on building a gas hub for southern Europe, President Vladimir Putin said Monday.
Putin pointed at the European Union's refusal to give the go-ahead for the multibillion project, saying that has left Moscow no other options. The project would have involved running a pipeline under the Black Sea to Bulgaria and further on to southern Europe.
Days after Dominion Resources announced it had requested the Federal Energy Regulatory Commission start review of the Atlantic Coast Pipeline it is proposing to bring natural gas to the Southeast, the company said it had also started the ball rolling to get approval to connect its transmission facilities to the pipeline, The Associated Press reports.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.