Kohl’s department store tops list of corporate renewable energy users
A Bloomberg New Energy Finance report finds about 12 percent of electricity used by 176 corporations came from renewable sources in 2010. More »
ExxonMobil launches natural gas website amid growing skeptism of fracking
The nation’s largest natural gas producer touts the fuel’s benefits and newfound abundance in the U.S. as well as responds to growing controversy about hydraulic fracturing, the leading method for extracting it.
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Justice Dept., others grilled Tony Hayward in deposition
Former BP chief Tony Hayward fought off accusations he sought to prop up the company’s falling share price through the company’s daily briefings on the Gulf oil spill, and that the company didn’t keep its promise to share its data on how much crude was spewing into the sea, documents obtained by The Associated Press show.
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New York may start processing fracking permits by year’s end
Permits for drilling in the Marcellus Shale formation will be reviewed once the state environmental agency adopts guidelines. The state would ban fracturing in watersheds supplying New York City and Syracuse while opening up about 85 percent of the state’s portion of the formation to development.
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Turning point seen for U.S. natural gas
By late 2012, so many rigs in the U.S. will be drilling for oil that natural gas supplies could decline, helping lift prices, analysts with Barclays Capital said.
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Shell gets air permits for offshore Alaska drilling
The EPA’s permits are subject to 30 days of public comment. Shell also needs approval from the Bureau of Ocean Energy Management, Regulation and Enforcement to start exploration.
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Natural gas pipeline expansion cutting into spread profits
An ongoing expansion of U.S. natural- gas pipelines reducing profits on buying the fuel in one location and selling it in another as regional supply imbalances decline. The network could grow 4,646 miles this year, according to Energy Department figures.
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Industry group asks N.J. governor to veto fracking ban
A New Jersey ban on hydraulic fracturing could spur opponents of the drilling technique to seek restrictions in additional states, according to an industry group seeking to block the law.
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Alaska governor plans to open coast for drilling
The to-be leased 14.7 million acres in the Beaufort Sea skirts the Arctic National Wildlife Refuge and the National Petroleum Reserve-Alaska and would give drillers access to the resource-rich north coastline.
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Feds report ‘high’ demand for emergency oil
More than 90 bids came in for shares of the 30.24 million barrels of light, low-sulfur crude being released from the Strategic Petroleum Reserve, according to the Energy Department, which called the sale “substantially oversubscribed.” More »
U.S. refineries grow capacity, but not production
Last year, refineries reached their largest oil-processing capacity in 28 years. But they only used about 86 percent of that capacity. More »
New York Times: NY state to lift fracking moratorium
The NYT reports New York may lift a moratorium on fracking in parts of the state. More »
April 26, 2013
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