2012

More than 1,765 miles of natural gas pipeline with a total capacity of 12,549 MMcf/d were placed in service last year, up from 1,162 miles and 11,865 MMcf/d in 2010, but pipeline capacity certified by FERC was down significantly in 2011 compared with 2010.

February natural gas settled at a new 10-year low Wednesday as traders hinted that Thursday’s release of Energy Information Administration (EIA) inventory figures would likely prompt further declines even if the data was bullish relative to expectations.

In a report released Tuesday, President Obama’s jobs council called for the government to provide more access to oil, natural gas and coal on federal lands, something that the Obama administration has opposed.

The Commodity Futures Trading Commission (CFTC) last Wednesday approved a final rule that would protect the funds of cleared swaps customers of futures commission merchants (FCM) as the agency continues to look for $600 million in missing customer securities from New York-based MF Global Inc., which filed for bankruptcy protection last fall (see NGI, Nov. 14, 2011).

A Maryland advisory panel said last week the state should impose both a fee and a tax on shale gas development, as well as shift more costs to industry, but it didn’t propose specific details for any changes.

The Commodity Futures Trading Commission (CFTC) Wednesday approved a final rule that would protect the funds of cleared swaps customers of futures commission merchants (FCM) as the agency continues to look for $600 million in missing customer securities from New York-based MF Global Inc., which filed for bankruptcy protection last fall (see Daily GPI, Nov. 14, 2011).

Seeing no increase in natural gas prices, Talisman Energy Inc. is closing in on liquids in 2012.

House Speaker John Boehner Monday signaled that the House will take up legislation that will seek to clear the deck for expanded oil and natural gas production, with revenues going towards infrastructure upgrades.

BP plc has filed a federal lawsuit seeking reimbursement from Halliburton Co. for all of the cleanup costs following the Macondo well blowout in the deepwater Gulf of Mexico.