Tag: east coast

Feds OK first-in-decades oil studies off East Coast

The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life.  More »

Environmentalists tap actor to warn about offshore seismic

A conservation group is hoping a little star power will draw more attention to its concerns about seismic oil and gas research proposed in Atlantic waters off the east coast.  More »

Federal law blocking cheap Texas fuel from reaching frozen East Coast

As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.  More »

Critics take aim at upcoming federal report on Atlantic drilling

The Obama administration is on track this week to release a final environmental analysis that would help pave the way for the first seismic studies in decades to pinpoint oil and gas off the East Coast, as well as potential drilling in the 2020s.  More »

Study: Atlantic drilling could give economy $23.5B boost

If companies were allowed to drill for oil and gas in Atlantic waters off the East Coast, the work would help create nearly 280,000 new jobs and contribute some $23.5 billion to the U.S. economy each year by 2035, according to a study unveiled Thursday by two industry trade groups.  More »

Energy firms want action on Atlantic drilling

Energy industry leaders are fretting that it could be a decade before the federal government allows them to hunt for oil and gas along the East Coast, unless the Obama administration shifts its approach to offshore drilling.  More »

Natural gas declines on forecast of heat wave’s end

Natural gas futures declined in New York for the first time in four days on speculation that moderating heat will reduce demand for the power-plant fuel.  More »

New York gasoline strengthens on East Coast supply drop

Spot gasoline in New York Harbor strengthened against futures after the Energy Information Administration reported the largest drop in East Coast stockpiles of the fuel since November.  More »

Governors send welcome note to Interior nominee: Open Atlantic for drilling

President Barack Obama’s new Interior Secretary nominee hasn’t been confirmed by the Senate yet — much less sworn in — but she’s already facing pressure to expand offshore drilling.  More »

Enbridge talking with Valero on East Coast pipeline reversal

Enbridge Inc., Canada’s largest pipeline owner, is in talks with Valero Energy Corp. and other refiners about reversing the flow of a pipeline to ship Canadian crude to the U.S. East Coast, said Chief Executive Officer Patrick Daniel.  More »

Refineries likely to shut as Hurricane Irene nears

East Coast refineries are likely to close in advance of Hurricane Irene’s arrival this weekend, analysts say. The shutdowns are already boosting gasoline prices.  More »

U.S. nuclear industry tested by two threats

Nuclear plants from North Carolina to Michigan are under increased scrutiny after a 5.8 magnitude earthquake rocked the East Coast.  More »