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Author Archives: Shane Thielges

Britain reopens way for fracking


LONDON (AP) — Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations. Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country’s energy supply but stressed national parks will ...

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Two drilling companies file suit against Broadview Heights over city’s voter-approved drilling ban


Bob Downing | Akron Beacon Journal For the past 10 years, Ohio communities have been told they have no authority to control drilling for natural gas and oil. Ohio’s legislature stripped that power from communities and gave it solely to the Ohio Department of Natural Resources. In November 2012, voters in Broadview Heights, by a 2-1 margin, approved a community ...

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Railroad? Pipeline? Don’t put all your oil in one basket


Shane Thielges | Shale Plays Media The Obama administration announced this week it would implement new safety standards for cargo trains transporting crude oil. The provisions seek to address problems highlighted by a recent series of explosive train derailments and subsequent revelations that standard DOT-111 oil tank cars are outdated and easily punctured. The ensuing nationwide fervor prompted a U.S. ...

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Duke Energy makes senior manager changes


Bruce Henderson | The Charlotte Observer Duke Energy announced a shift in senior management duties Thursday involving its regulated utilities, customer service and grid issues. None of Duke’s top executives will leave the company under changes that will go into effect Aug. 1. The two executives who had run Duke’s regulated utilities, Lloyd Yates and Keith Trent, will get new ...

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Tougher limits will take time


Eric Andseron | Times-Union ALBANY — Proposed regulations announced Wednesday by the U.S. Department of Transportation to toughen safety standards governing crude oil, ethanol and other volatile materials wouldn’t initially cover the type of Bakken crude that exploded and burned a year ago in Quebec. A runaway train careened off the rails in downtown Lac-Megantic, Quebec, last July, exploding and ...

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EQT earnings rise on higher production and sales


Anya Litvak | Pittsburgh Post-Gazette EQT Corp. continued its upward trend in oil and gas production, transmission, and sales growth during the second quarter of 2014. The Downtown-based firm reported net income of $111 million, or 73 cents per share, during the past three months, up from $87 million, or 57 cents per share, during the same quarter last year. ...

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IMF cuts global growth outlook, warns of stagnation risk in rich nations


Anna Yukhananov | Reuters WASHINGTON – The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world’s two biggest economies. The IMF warned that only some of the factors leading to the reduction were temporary, and said richer nations in ...

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EPA chief defends power plant rule against GOP charges of overreach


Chris Adams | McClatchy Washington Bureau WASHINGTON – The head of the Environmental Protection Agency on Wednesday strongly defended the approach and legitimacy of an Obama administration power plant rule that Republicans attacked as regulatory overreach and Democrats said was vital. In a hearing of the Senate Committee on Environment and Public Works, EPA Administrator Gina McCarthy said the rule ...

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Ohio Rep. urges fracking chemical disclosure


Shane Thielges | Shale Plays Media Ohio State Representative Robert F. Hagan (D-Youngstown) called on Gov. Kasich today to support a full disclosure of fracking chemicals used in the state. The Akron Beacon Journal’s Bob Downing reports that Rep. Hagan introduced House Bill 42, which would require energy companies to identify all chemicals used in their operations, in 2013.  In ...

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