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NEWS ABOUT: natural gas

Stories 41 - 54 | << Prev 

French Energy Giant Drops Iran Gas Project

Bush victory as Total pulls investment in oil field development

(Newser) - French energy giant Total, the last major Western energy group that planned to invest in development of Iran's huge natural gas fields, is dropping out of the project, the Financial Times reports. The turnabout is a victory for the Bush administration's efforts to isolate Iran over its nuclear program; it's... More »

Oil Tycoon Kicks Off Energy Campaign

Pickens wants to wean us from foreign supply with wind, natural gas

(Newser) - Billionaire oilman T. Boone Pickens is fed up with America’s dependence on oil and today launched a huge ad campaign to persuade the nation to kick its crude addiction, the Dallas Morning News reports. His "Pickens Plan" proposes that Americans swap gasoline for natural gas, then replace natural... More »

Shutoffs Loom as Heating Costs Spiral

With record number behind on bills, federal grants fall short

(Newser) - As heating-fuel costs climb, millions of Americans are behind on electric and gas bills—and a record number will face a shutoff over the next 2 months, the New York Times reports. A federal grant program to help beleaguered consumers keep the heat on covers just 35% of a winter's... More »

WWII Mines Block Egypt's Access to Oil

4.8B barrels of crude lie under 22M mines, shells in desert

(Newser) - Millions of land mines and unexploded artillery shells left over from World War II are hampering Egypt's efforts to get at a treasure trove of oil and gas beneath the desert, der Spiegel reports. The ordnance is an unwelcome reminder of the North African conflict between Brits and Erwin Rommel’... More »

Qatar Navigates Persian Gulf Minefield

Geography forces balancing act; gas wealth make it a player

(Newser) - The challenges of being Qatar, a peninsular nation bordering Saudi Arabia in the Persian Gulf, could be a hint of the diplomatic discourse to come, Bloomberg reports. The emirate cannily attends to the demands of its Saudi and Iranian neighbors, and it hosts US military forces; it also has learned... More »

Russia, Ukraine Settle Gas Flap

Agreement reached; export flow to Europe not in danger

(Newser) - Ukraine and Russia announced today that their natural-gas companies had settled the dispute that had caused Russia to cut gas supply to Ukraine by 50%—and spurred worries that the flow of gas to Western Europe would be disrupted, the AP reports. "The restrictions on deliveries for Ukrainian consumers... More »

Alaska Against Polar Bear's Protection

State could lose $26 billion gas pipeline if species is called threatened

(Newser) - Alaska is opposing calls to save its polar bear population, fearing the state would have to protect dwindling sea ice and give up a multibillion-dollar gas project, the AP reports. Calls to save the bears have been "subverted by the lawyers for the extreme environmental organizations and the liberal... More »

US Drilling Deals Spark New Fears for Polar Bears

Oils companies to explore frozen seas

(Newser) - The US government has announced $2.7 billion in winning bids for oil drilling rights in 2.8 million acres of Alaska's frozen Chukchi Sea, despite angry objections of lawmakers and environmentalists. The bids include a record $105 million offer from Shell for a single 9-square-mile tract. Environmental groups say... More »

An Oil Giant, Alaska Faces Gas Crisis

Poor infrastructure, focus on oil exploration behind costly supply issues

(Newser) - Alaska—home of America's largest energy reserves—is facing a major energy crunch. The problem is a lack of infrastructure to get natural gas where it needs to be, the Christian Science Monitor reports. "It's the goofiest thing in the world, to be sitting on top of some of... More »

Political Rift Weakens Ahmadinejad

Ayatollah overrules Iranian president on gas for villagers

(Newser) - Iran's firebrand president Mahmoud Ahmadinejad suffered a serious political humiliation  yesterday when the nation's supreme leader sided with his opponents to force him to supply a billion dollars worth of natural gas to remote villages suffering power cuts. Iran's poorest communities are enduring one of the harshest winters in years,... More »

Russia's Gas Giant Faces Big Squeeze

Powerful Gazprom has too little oil to meet demands

(Newser) - Russia faces a threat to its international trump card as Gazprom—its powerful natural gas company—struggles to meet massive worldwide demand, Newsweek reports. The company gets much of its oil dirt cheap from former Soviet republics in Central Asia, then resells it a handsome profit to Europe. Now those... More »

Exxon Plans $1B Floating Refinery

Platform 4 miles off New Jersey would supply natural gas for 5M

(Newser) - In an effort to bypass project-stalling terrestrial opposition, Exxon yesterday said it plans a $1 billion floating liquid natural-gas refinery 20 miles off New Jersey's coast, Market Watch reports. The project, which could open by 2015, would supply enough natural gas for 5 million residential customers in New York and... More »

Bundle Up — Heating Costs Rising This Winter

Rising crude futures could signal cold winter for heating-oil users

(Newser) - Skyrocketing crude prices are sending shivers through American homeowners, who enter winter facing the highest heating oil prices in history. The average oil-heated household will spend $1,785 to keep warm this winter, the Washington Post reports, up 22% from last year. Natural gas users will see a 10% percent... More »

Britain to Claim Antarctic Seabed

Bid follows this summer's Arctic territory scramble

(Newser) - Britain will submit a claim to the UN for 386,000 square miles of Antarctica, its foreign office said today, joining the international race to grab a piece of the mineral- and oil-rich territory as global warming makes it more accessible. The move violates a 1959 treaty, which Britain signed,... More »

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