Jacqueline Toth

By Jacqueline Toth Top Stories U.S.-based oil and gas firms Exxon Mobil Corp., Chevron Corp. and Occidental Petroleum Corp. are reportedly joining the Oil and Gas Climate Initiative as its first American members, following increased pressure from investors and lawsuits to reduce greenhouse gas emissions, according to a news outlet. The initiative, whose 10 other […]

By Jacqueline Toth Top Stories The Interior Department finalized its replacement of the previous administration’s regulation intended to reduce leaking, venting and flaring of the greenhouse gas methane from oil and gas drilling on federal and tribal land, effectively reinstating decades-old guidelines. Interior officials said the rule replacement reduces costs and regulatory duplication, but the […]

By Jacqueline Toth Top Stories Following raids it conducted in October, the European Commission has opened a formal inquiry into potential collusion to limit development and production of emissions reduction technology between German automakers BMW AG, Daimler AG and Volkswagen AG. The probe could last for months, and the commission would not comment on the […]

By Jacqueline Toth Top Stories Rains from Hurricane Florence impacted Duke Energy Corp.’s coal ash landfill at the now-closed L.V. Sutton Power Plant, causing an uncertain amount of the disposed waste to enter Lake Sutton, which runs into the Cape Fear River. Duke has initially estimated that the storm washed 2,000 cubic yards of coal […]

By Jacqueline Toth Week in Review Energy legislation Congress passed fiscal 2019 spending legislation that increases funding for the Energy Department’s Office of Energy Efficiency and Renewable Energy from current levels by 2.5 percent to $2.38 billion and boosts funding for the Advanced Research Projects Agency-Energy office by 3.7 percent to $366 million. California Gov. […]

By Jacqueline Toth Top Stories Congress passed fiscal 2019 spending legislation that increases funding for the Energy Department’s Office of Energy Efficiency and Renewable Energy from current levels by 2.5 percent to $2.38 billion and boosts funding for the Advanced Research Projects Agency-Energy office by 3.7 percent to $366 million. The spending measure’s conference report […]

By Jacqueline Toth Top Stories In its monthly market report, the International Energy Agency said it remains unclear how much oil production will decline in Venezuela and Iran and how much other producers will be able to fill the gaps, which means the price range of $70-$80 a barrel for Brent crude, which has been […]

By Jacqueline Toth Top Stories Oil producers face less strain to shore up losses in crude oil supply from Venezuela and Iran as oil demand growth moderates in 2019, according to the Organization of the Petroleum Exporting Countries’ monthly oil report. OPEC forecast that global oil demand next year would rise by 1.41 million barrels […]

By Jacqueline Toth Top Stories The Environmental Protection Agency intends to release as soon as this week a proposed replacement of an Obama-era rule requiring oil and gas companies to monitor and fix leaks of climate-warming methane gas, according to documents reviewed by a news outlet, which indicate the new rule would in part reduce […]