Home > Breaking News (page 3)

Breaking News

API: Legislation Targeting Oil and Natural Gas Production is Misguided

Legislation introduced by Democratic senators that would increase liability for oil and natural gas companies is “unnecessary and out of step” with voters’ energy priorities, American Petroleum Institute Executive Vice President Louis Finkel said. “Congress should be focused on strengthening the U.S. energy resurgence, which has lowered consumer costs, boosted manufacturing and enhanced national security,” Finkel said in a statement. ...

Read More »

AEC: National Grid Rate Hike Plan Meets Stiff Opposition

CBS reports that National Grid is looking to increase bills by $16 per month for the average customer, noted the American Energy Coalition. National Grid’s president said the rate hike is necessary because there is a large discrepancy between what the state allows the company to collect and the increasing expenses it faces, according to the CBS report. National Grid ...

Read More »

Larry Jordan Selected for Top PMAA Honor

Former PMAA Chairman Larry Jordan has been selected to receive PMAA’s highest honor, the Distinguished Service Award. The award will be presented at a luncheon held in his honor on Tuesday, October 18, in Atlanta, Georgia. “I am honored to receive this award and especially humbled to join the ranks of past recipients,” Jordan said. Georgia marketer Tommy Thompson served ...

Read More »

NORA Technical Workshop—Sept. 14 @ 8:00am – 5:00pm

The National Oilheat Research Alliance (NORA) will hold a Technical Workshop in Newport, Rhode Island in conjunction with the Southern New England Energy Conference. This is the first NORA Technical Meeting following their reauthorization and it is a great opportunity to share detailed information on the latest results of the NORA research projects and other technical developments. Major topics planned ...

Read More »

Stone Road Energy Acquires Dorr Oil Company

Rush Street Capital announced that it has procured financing for Stone Road Energy, a Stone Road Capital Partners portfolio company. Proceeds from the financing were used for the acquisition of Manchester, Vt. – based Dorr Oil Company, Inc., and the purchase of storage tanks and equipment. The financing closed on June 17, 2016. RSC was the exclusive financial advisor to ...

Read More »

Congresswoman Watson Coleman to Introduce Legislation Strengthening FERC Oversight of Proposed Pipelines

ReThink Energy NJ and partners announced that Congresswoman Bonnie Watson Coleman (NJ D-12) will introduce legislation to toughen Federal Energy Regulatory Commission oversight by requiring it to apply more comprehensive procedures to its review of proposed pipeline applications before granting a certificate of public convenience and necessity. Watson Coleman made the announcement during a press conference at Baldpate Mountain in ...

Read More »

Crop-Based Biofuels Don’t Harm Food Supplies, New Report Finds

The Renewable Fuels Association is pleased with the findings from a recent report that concluded biofuels from crops do not harm food supplies. The report was funded by the U.S. Department of Energy, the World Bank and other groups. “The high-profile expansion of ethanol production in the United States and Brazil, in tandem with a global price spike in food ...

Read More »

AEC: Vermont Gas Pipeline Costs Rise Yet Again

Vermont Gas announced recently that its 41-mile natural gas pipeline extension will cost 7.8% more than the most recent projections, marking the latest in a series of cost overruns for the project, whose costs are borne largely by ratepayers, according to an article by Vermont Digger. “It’s the fourth time Vermont Gas has upped the price tag,” the article stated. ...

Read More »

NPGA: Pipeline Bill Becomes Law; Propane Provision Included

On Wednesday, June 22, President Barack Obama signed S. 2276, the Protecting our Infrastructure of Pipelines and Enhancing Safety Act of 2016.  This legislation includes a provision that requires an independent study of the regulations placed on jurisdictional propane systems.  This bill has moved quickly through the legislative process in the last few weeks, and its enactment marks a great ...

Read More »

RFA: 39 Senators Urge EPA to Finalize Strong RFS

On June 24, 39 senators sent a letter to EPA Administrator Gina McCarthy, urging EPA to ensure the final 2017 Renewable Fuel Standard rule “promote[s] growth in the U.S. biofuel sector and capture economic opportunity rather than drive investment overseas.” The 2017 proposal calls on refiners to blend 14.8 billion gallons of conventional biofuels in 2017, slightly below the 15-billion-gallon ...

Read More »