Biomethane is a drop in the ocean of fuel used in the U.S. shipping industry now, but its prospects improved a bit on Tuesday with the announcement of an agreement by UPS to buy “renewable natural gas” (RNG) from Clean Energy Fuels, the natural-gas-for-transport company co-founded by T. Boone Pickens. UPS said that beginning this month, tractors and delivery… Keep reading →
Warren Buffett’s Berkshire Hathaway bought 40.1MM shares of ExxonMobil for $3.45bln, and now holds about 0.9% of the company’s stock. UK’s BG has sold additional interests in its Queensland Curtis LNG project in Australia to China National Offshore Oil Corp. for $1.93 billion, and to supply the state-controlled Chinese firm with an additional 5 million tons per year of LNG… Keep reading →
Massachusetts Senator Edward Markey has made a rather odd request of TransCanada: that it seek to influence the marketing operations of refiners that buy Canadian crude oil shipped through the Keystone XL pipeline. Senator Markey wrote a letter to TransCanada chief executive Russ Girling yesterday requesting that the company require buyers of oil that would… Keep reading →
Presidents don’t usually cut ribbons at gas station openings, but the January opening of a liquefied natural gas (LNG) truck refueling stop on the busy I-15 corridor in Las Vegas was different enough to draw President Obama.
The station was the final one needed so LNG-powered semis could make the run from the port of Los Angeles all the way to Salt Lake City. Instead of diesel made from imported crude, Obama said, the trucks can be fueled with domestic natural gas. Keep reading →
