Oil & Gas Journal News

The US Department of Energy conditionally approved Freeport LNG’s request to export domestically produced LNG from its Quintana Island, Tex., terminal to countries that do not have a free trade agreement with the US.

US Sens. Bob Corker (R-Tenn.) and Joe Manchin (D-W.Va.) introduced legislation on May 16 aimed at correcting what they said was unintentional subsidization of foreign ethanol imports under the federal Renewable Fuels Standard.

Sinopec has begun storing natural gas in a depleted gas reservoir at a facility in central eastern China known as Zhongyuan Wen 96.

The US Federal Trade Commission has approved acquisition by Tesoro Corp. of BP PLC’s refining and marketing business in southern California.

The world’s Arctic nations formally agreed to cooperate on marine oil pollution preparedness and response at the Arctic Council’s May 15 meeting in Kiruna, Sweden.

Canada’s National Energy Board has approved toll methodology for the planned expansion of the Trans Mountain Pipeline between Edmonton, Alta., and Burnaby, BC, near Vancouver.

The US drilling rig count was unchanged during the week ended May 17, maintaining a total of 1,769 rotary rigs working, Baker Hughes Inc. reported.

Oil prices continued rising with the front-month crude contract up 0.9% in the New York futures market May 16 despite a report from the US Department of Labor showing a rise in claims for unemployment benefits, stimulating worries about economic recovery.

Tethys Petroleum Ltd. has signed a protocol of intent with the Uzbek state oil and gas company Uzbekneftegaz for exploratory work on the Bayterek block in the North Ustyurt basin in northern Uzbekistan.

Tennessee Gas Pipeline Co. LLC has signed a binding, 20-year firm transportation precedent agreement with Mitsubishi Corp. to ship 600,000 dekatherms/day of natural gas to the proposed Cameron LNG liquefaction plant at Hackberry, La.

Power Engineering News

Lincoln Electric System, a public power utility in Nebraska, is seeking to triple its wind power capacity within the next two years.

Green Energy Renewable Solutions Inc. and Cirque Energy II, LLC, a privately-owned renewable energy development company, have merged.

he NRC’s Atomic Safety and Licensing Board (ASLB) has agreed with a Friends of the Earth (FOE) petition last year that restart proceedings for San Onofre Nuclear Generation Station (SONGS) Unit 2 should be treated as a license amendment case.

The keynote session for POWER-GEN International 2013 may be the best keynote session in POWER-GEN’s 25-year history.

A survey conducted by the KPMG Global Energy Institute shows that a majority of energy executives believe the U.S. can reach energy independence by 2030.

North Carolina’s utility customer advocate is recommending state regulators approve a 7.5 MW expansion to Duke Energy Renewables’ White Post Solar project in Bath.

The Cherokee Nation and fourth other tribes will develop a 153 MW wind power project in partnership with PNE Wind USA Inc.

Competitive Power Ventures (CPV), GE’s GE Energy Financial Services subsidiary and Diamond Generating Corp. (DGC) said May 16 that commercial operations began at a natural gas-fired power plant in California.

A new natural gas-fired power plant is in the works in Oklahoma.

The stock price of Europe’s biggest energy producer, EDF, slumped sharply on news that Bank of America cut its stock rating due to concerns about earnings from nuclear generation