Chesapeake Energy is planning to collect $4 billion this year after it hawks assets in Texas, Pennsylvania and Oklahoma and spins off its U.S. fleet of walking rigs, the company said Friday. More »
Commentary: As political shenanigans continue to delay approval of the Keystone XL pipeline, Alaskan voters hold the key to avoiding a similar fate for what could be North America’s largest pipeline project. More »
Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company. More »
The gains came in the wake of a warning from Russian President Vladimir Putin that his country wouldn’t deliver gas to Ukraine unless it receives payment in advance, part of a dispute over an unpaid energy bill. More »
A top U.S. energy official said Thursday he’d like to get together with Mexican authorities and pour over natural gas production forecasts to understand how much Mexico’s energy reform may set back U.S. shale-gas sellers. More »
Oil slipped after the Federal Reserve said Thursday that U.S. industrial production dropped in April. More »
Dominion Resources plan to export liquefied natural gas cleared a U.S. environmental review, a key step toward final approval as supporters in Congress seek to expedite overseas shipments of the fuel. More »
Investors’ growing reluctance to back big, complex projects is driving the energy industry to break up its infrastructure plans into smaller pieces, potentially putting new projects and technology development into the hands of many more players, energy executives said Thursday. More »
WTI rebounded last week after the EIA said crude inventories slid from 399.4 million barrels, the highest level since weekly reports were published in 1982. Supplies expanded by 912,000 barrels in the seven days ended May 9, according to the API, which collects information on a voluntary basis from operators of refineries, bulk terminals and pipelines.
New Mexico Gov. Susana Martinez applauded the company’s investment in the state.
Drivers will now be able to get up to $2,500 in incentives to help purchase alternative-fuel vehicles, the Texas Commission on Environmental Quality announced this week. More »
The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing. More »