Th EU adopted new Russia sanctions on energy as an uneasy ceasefire continued in Ukraine; Russia and China broke ground last week on a massive gas pipeline that offers an alternative for Russia amid the Ukraine crisis; Nevada struck clean-energy gold by landing the Tesla Motors gigafactory. Catch up on the latest in global energy with Recharge.
Pacific Gas and Electric got hit with a record $1.4 billion fine from the California Public Utilities Commission. But Wall Street thinks the final penalty will be smaller.
BP was grossly negligent in the 2010 Deepwater Horizon spill in the Gulf of Mexico, a US district judge has ruled. The BP ruling is a critical milestone in a legal case that is looking at the cause of the worst offshore oil spill in US history.
The supply of oil and natural gas is booming in the US, but gas prices and electricity costs remain high. Even as the US posts record production, global demand and bottlenecks in supply have prevented consumers from enjoying price breaks.
China holds enormous potential for shale gas development, but water scarcity stands in the way of any kind of major gas production boom. A new report outlines the high water stress that may prevent China from recovering its shale gas resources.
As the Ukraine crisis continues, Russian President Vladimir Putin said Russia may let China hold a share in one of its biggest energy projects in Siberia. It's a sign that Putin is looking increasingly to Asia for new energy customers as its relations with Ukraine and Europe deteriorate.
NATO is looking to the US to shore up energy security, particularly as tensions rise with gas-rich Russia over the Ukraine crisis. At this week's NATO Summit, European allies will likely press President Obama for accelerated gas exports and a lift of the US oil export ban as a counter to Russian influence.
Oil supermajor Shell is considering a return to Arctic drilling, after a series of setbacks nearly ended the company's plans in the Arctic for good. But before Shell can move its rigs into the Arctic, several obstacles remain.
Failed Russia-Ukraine-EU gas talks last week raise the specter of a cold, dark winter in Ukraine; the Islamic State's oil-fueled spread is bolstering similar aspirations among Boko Haram in Nigeria; President Obama looks to sidestep Congress in global climate change efforts. Catch up on the week in global energy with Recharge.
Aging plants and competition from cheaper alternatives threaten the future of US nuclear power, the country's largest source of carbon-free electricity. Even with renewable energy, it will be exceedingly difficult to meet US climate change targets if much of American nuclear goes offline, Cunningham writes.
With oil production booming in the US, producers are increasingly turning to railways to get crude to refineries. And so much oil is hitting the rails that it's crowding out grain and coal – and even people.