20,000 U.S. Jobs, $7B Project Stuck in Limbo As of July 9, the Keystone Project has been studied for 2,119 days, according to the House Energy and Commerce Committee. No other pipeline has taken so long to gain approval. On July 8, 44 diverse organizations, from businesses to labor unions, sent a letter supporting the speedy approval of TransCanada’s Keystone
Synergy Resources Corporation (ticker: SYRG) announced it has finalized a turn-key contract for its third rig and will be adding it to its Wattenberg acreage immediately, according to a company news release on July 9, 2014. The terms of the new contract allow for the drilling of at least eight wells on SYRG’s Wiedeman lease, which will begin in August.
Prices for natural gas fell to a near six-month low early this week following forecasts for lower summer temperatures. On July 9, contracts for August gas traded as low as at $4.17 per thousand cubic feet (Mcf) on the New York Mercantile Exchange. “Cooling patterns expected to hit the Midwest and Northeast over the next six to 10 days have
In the context of a new climate change summit in Beijing, the U.S. and China have signed eight partnership pacts to promote the exchange of research and technology for greenhouse gas-cutting initiatives, the International Business Times reported. “In one of the agreements, China’s Huaneng Clean Energy Research Institute, a subsidiary of the state-owned utility China Huaneng Group (ticker: HNGZ:CH), agreed
ExxonMobil (ticker: XOM) has submitted a formal application to the Federal Energy Regulatory Commission to construct an LNG plant at its Golden Pass facility in Sabine Pass, Texas. The proposal, officially submitted on July 9, 2014, is part of a joint venture with Qatar Petroleum International and the pre-filing process began in May 2013. A final investment decision between the
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