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2004

Pennsylvania PUC Ups National Fuel Explosion Settlement to $150,000

In the wake of an Aug. 21, 2004 gas explosion in Sandy Township, PA, that destroyed a home and left two residents dead, the Pennsylvania Public Utility Commission (PUC) Thursday modified a previous $80,000 settlement with National Fuel Gas Distribution Corp. (NFG), bumping it up to $150,000.

May 2, 2008

MDA EarthSat Forecast: Cooler Summer, Fewer Hurricanes

June, July and August will be 8% cooler nationally than last year and the coolest summer months since 2004, according to forecasters at MDA EarthSat in Rockville, MD.

April 21, 2008

MDA EarthSat Sees Cooler Summer, Above-Average Hurricane Season

June, July and August will be 8% cooler nationally than last year and the coolest summer months since 2004, while the 2008 Atlantic hurricane season will likely be busier than average, but quieter than last year, according to forecasters at MDA EarthSat in Rockville, MD.

April 16, 2008

National Fuel Gas to Pay $80,000 in Explosion Settlement

National Fuel Gas Distribution Corp. and the Pennsylvania Public Utility Commission (PUC) have reached a settlement agreement in the Aug. 21, 2004 gas explosion in Sandy Township, PA, that destroyed a home and left two residents dead.

March 17, 2008

Industry Briefs

National Fuel Gas Distribution Corp. and the Pennsylvania Public Utility Commission (PUC) have reached a settlement agreement in the Aug. 21, 2004 gas explosion in Sandy Township, PA, that destroyed a home and left two residents dead. The settlement agreement ends an informal investigation into the gas explosion, which resulted from a leak in a gas line, the PUC said. Under terms of the settlement, National Fuel agreed to pay a $50,000 fine, fund an additional $30,000 of safety-related activities for its system and committed to undertake system improvements costing more than $1.8 million. National Fuel agreed to modify its operating procedures and accelerate an ongoing plastic pipe leakage survey of its Pennsylvania system. The company has also retrained and tested its plastic fusion work crew members. The PUC has given interested parties 20 days to comment on the settlement agreement and will issue a final determination on the settlement at an upcoming public meeting. National Fuel serves about 210,000 natural gas customers in 14 Pennsylvania counties.

March 17, 2008

MMS Proposes Changes to Royalty Relief Regulations

Interior Department’s Minerals Management Service (MMS) is proposing changes to its regulations governing royalty relief for deepwater leases to comply with a 2004 decision of the U.S. Court of Appeals for the Fifth Circuit.

December 26, 2007

MMS Proposes Changes to Royalty-Relief Regulations

The Interior Department’s Minerals Management Service (MMS) is proposing changes to its regulations governing royalty relief for deepwater leases to comply with a 2004 decision of the U.S. Court of Appeals for the Fifth Circuit.

December 24, 2007

Wood Mackenzie Examines Significant Hurdles, Promise of Lower Tertiary Trend

With annual production growth rates plummeting from 50% in the late 1990s to flat in 2004, there are clear signs that the Gulf of Mexico has matured. While the recent extended well test of the Jack field in the Lower Tertiary play in the deepwater Gulf holds promise for a production resurgence, significant challenges and enormous risks still cloud the region’s future, according to Gero Farruggio, U.S. Gulf research manager for consulting firm Wood Mackenzie.

October 16, 2006

Wood Mackenzie Examines Significant Hurdles, Promise of Lower Tertiary Trend

With annual production growth rates plummeting from 50% in the late 1990s to flat in 2004, there are clear signs that the Gulf of Mexico has matured. While the recent extended well test of the Jack field in the Lower Tertiary play in the deepwater Gulf holds promise for a production resurgence, significant challenges and enormous risks still cloud the region’s future, according to Gero Farruggio, U.S. Gulf research manager for consulting firm Wood Mackenzie.

October 16, 2006

Venture Capital Continues to Pour into Clean Energy Space, Report Says

Venture capital investment in energy technologies — particularly wind, solar and biofuel — jumped to $917 million last year, compared to $716 million in 2004, according to the fifth annual “Clean Energy Trends Report” for 2006, prepared by Clean Edge, a green power consulting firm. Global solar and wind markets increased by 55% and 47%, respectively, to $11.2 billion and $11.8 billion in 2005, the report said.

March 8, 2006