2005

A federal appeals court in Washington, DC, Tuesday sent back 2005-2006 orders to FERC for a clearer understanding of why the agency had modified a shipper’s contract with Williston Basin Interstate Pipeline Co. to allow it to resell transportation capacity.

FERC has exercised its new authority under the Energy Policy Act of 2005 (EPAct) that allows it to authorize market-based rates for storage services even if an applicant has market power.

FERC Friday exercised its new authority under the Energy Policy Act of 2005 (EPAct) that allows it to authorize market-based rates for storage services even if an applicant has market power.

With some key terms in the Energy Policy Act of 2005 (EPAct) ill-defined or not defined at all, FERC and the natural gas industry are more than likely to wind up in court in the months and years ahead squaring off over what Congress intended in the provisions that seemingly give the agency greater jurisdictional and anti-manipulation authority, said a top FERC attorney.

With some key terms in the Energy Policy Act of 2005 (EPAct) ill-defined or not defined at all, FERC and the natural gas industry are more than likely to wind up in court in the months and years ahead squaring off over what Congress intended in the provisions that seemingly give the agency greater jurisdictional and anti-manipulation authority, said a top FERC attorney.

Annual energy demand growth worldwide is expected to average 1.3% per year from 2005 to 2030, and global energy demand is expected to be one-third higher compared to today, ExxonMobil said Monday in its annual outlook report. Global energy demand over the next 20 years will come from continued economic progress, population growth and the pursuit of improved living standards in the developing world, the oil major said.

House energy bill provisions that would take away producer tax incentives and repeal parts of the Energy Policy Act of 2005 (EPAct) would be a disaster for the oil and natural gas industry, a top official of a producer group told a House committee last Wednesday.

House energy bill provisions that would take away producer tax incentives and repeal parts of the Energy Policy Act of 2005 (EPAct) would be a disaster for the oil and natural gas industry, a top official of a producer group told a House committee Wednesday.

Oil and natural gas prices reached a “near parity” in 2003, trading at a 6:1 ratio, but the discount grew to a third in 2005, and by the end of the first eight months of this year, the oil-versus-gas discount ballooned to 78%, hitting Canada’s gas industry particularly hard, according to energy consultant Ziff Energy Group.