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Natural gas prices fall to lowest level since 1999

Natural gas prices averaged out at their lowest level in nearly two decades, the U.S. Energy Information Administration reported Friday. The Henry Hub national benchmark only averaged $2.49 per million British Thermal Units, a fraction of what prices were a decade ago when prices spiked at more than ...

Senate sets Perry nomination hearing for Jan. 19

The Senate Energy and Natural Resources Committee announced Thursday it would hold a nomination hearing for former Texas Governor Rick Perry next Thursday, the day before President-elect Donald Trump’s inauguration. Trump has nominated Perry to be his Secretary of Energy. After his failed pres ...

Tillerson: Mexico is “longstanding neighbor and friend”

Rex Tillerson, the former chief executive of Exxon Mobil, told the Senate Foreign Relations Committee that attempts to undermine U.S. democracy, such as the Russian hacking efforts to influence the election, are not new, but the United States and its allies should have supported a more forceful resp ...

“Reject Rex” projected on State. Dept. headquarters

Images with slogans like “Reject Rex” were projected onto the walls of the U.S. State Dept. in Washington Monday night, ahead of former Exxon Mobil CEO Rex Tillerson’s nomination hearing before the U.S. Senate Wednesday. The environmental group Greenpeace took credit for the guerri ...

Tillerson meeting with Congress ahead of confirmation hearing

WASHINGTON – Rex Tillerson, the former Exxon Mobil CEO and President-elect Donald Trump’s pick for Secretary of State, is meeting with members of Congress Wednesday ahead of an expected nomination hearing next week. Among those with whom Tillerson wimeeting is Sen. Ben Cardin, D-Md., ranking member ...

U.S. government forges ahead on offshore wind

With the first U.S. commercial offshore wind farm scheduled to begin operation off the coast of Rhode Island before the end of the year, the federal government continues to open more of the Atlantic coastline up to wind energy developers. Federal offshore leasing is expected to reach more than 1.2 m ...

Carbon capture market could be worth close to $9 billion by 2025

As we wrote about in today’s Houston’ Chronicle, policy makers and some in the energy and industrial sectors are starting to get interested in the prospect of turning carbon dioxide from a liability into a money maker. Well one market research firm has done some math and is estimating th ...

Energy secretary says Trump request on climate change names “not appropriate”

WASHINGTON – U.S. Energy Secretary Ernest Moniz criticized a request by President-elect Donald Trump’s transition team to hand over the names of federal employees who worked on climate change issues as “not appropriate.” “I know that the both career staff at the Department and from the national labs ...

Feds putting $2 billion behind Louisiana methanol plant with carbon capture

WASHINGTON – A wave of federally-funded carbon dioxide is headed to Texas oil fields. The Obama administration is the principal investor in a $3.8 billion methanol plant in Lake Charles, La. that will separate carbon dioxide out of its smokestack and put it in a pipeline bound for Texas where it wil ...

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