2001

The U.S. Department of Justice (DOJ) has notified victims of Enron Corp.’s fraud and 2001 bankruptcy that they have until April 17 to object to a possible resentencing agreement with imprisoned former CEO Jeffrey Skilling. Skilling, 59, has served more than six years of a 24-year prison term after he was convicted by a Houston jury in U.S. District Court for the Southern District of Texas in May 2006 on 19 criminal counts for securities fraud, conspiracy, making false statements to auditors and insider trading (see NGI, May 29, 2006). The U.S. Court of Appeals for the Fifth Circuit in New Orleans reaffirmed the conviction in 2011, finding that the federal government’s evidence of conspiracy was “overwhelming,” but it reiterated, as it had in 2009, that the sentence had been miscalculated by the district court (see NGI, April 11, 2011). The resentencing issue was remanded to the lower court (U.S. v. Skilling, U.S. District Court, Southern District of Texas, No. 04-cr-00025).

The U.S. Department of Justice (DOJ) has notified victims of Enron Corp.’s fraud and 2001 bankruptcy that prosecutors may enter into an agreement with imprisoned former CEO Jeffrey Skilling that could result in a resentencing.

A Quebec government official said Wednesday that legislation will be introduced next week to formally enact a moratorium on shale gas development in the province, a ban that would be in effect until the results of a two-year study on potential impacts are fully vetted.

Increased sales by BP plc and ConocoPhillips, along with a surge by J. Aron & Co., weren’t enough to overcome third quarter doldrums among companies selling natural gas, according to NGI’s 3Q2012 Top North American Gas Marketers Ranking. read more

The Town Board of Onondaga, NY, voted Monday to extend its moratorium on hydraulic fracturing (fracking) for three months, or until the board passes an ordinance either allowing or prohibiting the practice.

A panel of outside experts that will help conduct a health impact analysis of high-volume hydraulic fracturing (HVHF) in New York are not yet under contract, Department of Environmental Conservation (DEC) Commissioner Joseph Martens said Friday.

Exports of U.S. gas into Canada are on track to top 1 Tcf this year, having increased six-fold from 158 Bcf in 2001, at the same time Canadian pipeline deliveries into the United States continue to slide.

Exports of U.S. gas into Canada are on track to top 1 Tcf this year, having increased six-fold from 158 Bcf in 2001, at the same time Canadian pipeline deliveries into the United States continue to slide.

Despite two years of decline, BP plc remains firmly atop NGI’s 1Q2011 Top North American Gas Marketers Ranking. read more