Energy News and Current Events

Austria in talks with Russia over South Stream (AFP)

Map of Europe showing the South Stream and rival Nabucco gas pipelines.(AFP/Graphic/File) AFP - Austria has begun talks with Russia in view of joining Moscow's South Stream gas pipeline project, Austrian newspapers reported on Saturday.

Pa. residents sue gas driller over polluted wells (AP)

AP - Pat Farnelli says there's something in the water at her house. The last time she drank it, she says she vomited four times. It's made her children sick, too.

West Virginia regulators approve gas rate increase (AP) AP - West Virginia's Public Service Commission has approved a 5 percent rate increase for Hope Gas Inc.

Oil prices, profit-taking drag TSX lower (Reuters) Reuters - Toronto's main stock index fell on Friday as weaker oil prices, caused partly by a stronger U.S. dollar, weighed on resource issues, including Suncor Energy Inc.

Oil prices wobble on recovery concerns (AFP)

A Pakistani employee fills the tank of a motorcycle at a gasoline station in Karachi, in July 2009. Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.(AFP/File/Rizwan Tabassum) AFP - Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.

Natural gas plunges 12 percent this month (AP)

A gas pipeline is seen at the Russian gas compressor station in Sudzha near the Russian-Ukrainian border in January 2009. Thawing permafrost caused by global warming is costing Russian energy firms billions of dollars annually in damage control and shrinking Russia's territory, Greenpeace warned in a new study Friday.(AFP/File/Sergei Supinsky) AP - Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off.

US rig count this week up 12 (AP) AP - The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by 12 this week to 1,113.

Oil falls $1 a barrel to below $77 (Reuters)

An oil rig beside the sea is lit up on the outskirts of Havana after sunset June 23, 2009. REUTERS/Desmond Boylan Reuters - Oil fell $1 a barrel to below $77 on Friday, pressured by a firmer U.S. dollar and as falling equities raised concern about the economy and the outlook for energy demand.

Oil moves down near $77 amid economic uncertainty (AP)

A gas pipeline is seen at the Russian gas compressor station in Sudzha near the Russian-Ukrainian border in January 2009. Thawing permafrost caused by global warming is costing Russian energy firms billions of dollars annually in damage control and shrinking Russia's territory, Greenpeace warned in a new study Friday.(AFP/File/Sergei Supinsky) AP - Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery.

Obama administration pauses on Alaska drilling (AP)

FILE - In this March 3, 2009 file photo, Marvin Odum, president of Shell Oil Co., talks during an interview in New York. Odum said Thursday, Nov. 19, 2009, the company did not ask a federal agency to delay a decision on the company's request to drill for oil and gas in Alaska's Chukchi Sea. (AP Photo/Mark Lennihan, file) AP - The Obama administration has delayed a decision on a request by Shell Oil Co. to drill for oil and gas in Alaska's rugged Chukchi Sea. The delay came after the oil company asked for time to respond to criticism of its plan to drill in the icy sea, a prime habitat for threatened polar bears.

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