WASHINGTON (Reuters) – Delays in approval of more natural gas export projects are costing U.S. companies millions of dollars a day and giving a leg up to rival countries also looking to boost exports, the chief of Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) said on Thursday.
The comments by Exxon’s Rex Tillerson came hours after new U.S. Energy Secretary Ernest Moniz told lawmakers he hopes to “expeditiously” begin evaluating the more than a dozen applications awaiting approval to export liquefied natural gas (LNG).
WASHINGTON (Reuters) – The Environmental Protection Agency is monitoring the U.S. ethanol market to see if refiners will be able to comply with a mandated increase in targets for biofuel use in 2014, an EPA official told lawmakers on Wednesday.
The market for credits purchased by refiners to comply with the federal biofuel mandate has been unstable for several months as the United States nears the point where the law will require the use of more ethanol than can be physically blended into the fuel supply at the current level of 10 percent per gallon.
WASHINGTON, May 20 (Reuters) – The U.S. government’s review
process for liquefied natural gas export proposals needs to be
re-evaluated, the head of the Senate Energy and Natural
Resources committee said on Tuesday.
U.S. Senator Ron Wyden, a Democrat from Oregon, a skeptic of
unlimited gas exports and chairman of the committee, noted the
landscape for energy had changed in the United States and the
country was now positioned to be a major player in the
international gas market.
WASHINGTON, May 17 (Reuters) – The Obama administration on
Friday approved a second U.S. terminal to export liquefied
natural gas (LNG) to non-free trade agreement countries, further
expanding the nation’s role in international gas trade.
The approval of natural gas exports from Freeport LNG’s
Quintana Island, Texas, terminal ends nearly a two-year pause in
the Energy Department’s review of export applications, as the
administration sought to address concerns that sending U.S. gas
abroad could harm U.S. manufacturers.
WASHINGTON, May 16 (Reuters) – The Obama administration on
Thursday unveiled a new proposal for regulating hydraulic
fracturing on federal lands, seeking to advance public safety
protections while still addressing concerns the rules would be
too burdensome for producers.
The U.S. Interior Department scrapped a proposal from 2012
after facing heat from green groups and the drilling industry
over rules aimed at updating decades-old fracking regulations.
WASHINGTON, May 7 (Reuters) – The Obama administration’s
second attempt at writing regulations for hydraulic fracturing
on public lands is not intended to appease either
environmentalists or oil and gas drillers, Interior Secretary
Sally Jewell said on Tuesday.
Jewell told lawmakers at a Senate Appropriations
subcommittee hearing that the department was “very close” to
unveiling the rules and reiterated a recent comment that the
rules would be out in “weeks, not months.”
WASHINGTON, April 30 (Reuters) – U.S. Senator Barbara Boxer
said on Tuesday she plans to investigate the explosion at a
Texas fertilizer plant earlier this month that killed 15 people
and injured scores more.
California’s Boxer, the head of the Senate Environment and
Public Works Committee, said the panel will hold a hearing “in
the near future” on the disaster and will probe whether there
are any gaps in the enforcement of U.S. chemical safety laws.
WASHINGTON, April 30 (Reuters) – The oil minister of Saudi
Arabia, the world’s top crude oil exporter, welcomed the U.S.
energy renaissance on Tuesday but added that the boom in new
global output may hold the kingdom’s production at current
levels until the next decade.
“This is good news,” Ali al-Naimi said about the U.S. oil
and gas production boom at the Center for Strategic and
International Studies in Washington, in a speech billed as his
first on energy in the United States in four years.
(Reuters) – Republican lawmakers said the U.S. government missed early warning signs that its loans to electric carmaker Fisker Automotive could be in trouble, and kept money flowing even after the startup missed a key 2011 production deadline.
Members of the House Oversight Committee cited Department of Energy documents at a hearing on Wednesday as showing Fisker got $32 million in payments, even after it failed to launch the Karma vehicle in February of 2011 as planned.
(Reuters) – Fisker Automotive Inc, which has not built a vehicle since July, has the potential to succeed and repay nearly $200 million in government loans if the “green” car maker is able to find the right “financial and strategic resources,” according to former CEO Henrik Fisker.
Problems with the parts suppliers, delays in regulatory approval and recalls of its flagship Karma plug-in hybrid sports car were among the issues that dogged the automaker over the last few years, Fisker plans to tell lawmakers during a congressional committee hearing later on Wednesday.