House Republicans Tuesday once again introduced legislation that would open the federal waters offshore Virginia to natural gas and crude oil exploration. The bill calls for the Interior Department to proceed with a Virginia offshore lease sale — the first lease sale conducted off the East Coast in 30 years — no later than one year after the passage of the bill.
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FRAC Act Wouldn’t Impact Pennsylvania, Official Says
A congressional push to increase regulations on hydraulic fracturing (hydrofracking) would have little impact on Pennsylvania, according to a regional director of the state Department of Environmental Protection (DEP).
April 1, 2011
Pennsylvania Senate to Again Consider Gas Severance Tax
When the Pennsylvania General Assembly returns to its regular session next week it will once again face a proposal to institute a severance tax on natural gas production.
March 30, 2011
Obama Panel Calls for Industry-Run Offshore Safety Institute
After six months of hearings the presidential commission on the Macondo well disaster released its final report last Tuesday, calling for major safety reforms in the offshore oil and natural gas industry, including the creation of an industry-run offshore safety institute. Producers were divided on some of the report’s conclusions and recommendations.
March 21, 2011
Still-Mixed Market Shows More Gains than Before
The market continued to see mixed, mostly near-flat price movement but was showing signs of perking up again by following the previous day’s losses at a majority of points with moderate gains being prevalent Thursday.
March 11, 2011
Palomar East Pipeline Backers Eye 2011 Milestones
A seemingly on- and off-again project to build a new interstate pipeline connection for the Portland, OR, metropolitan area is currently very much on and eyeing market and regulatory milestones in the first half of this year, according to senior executives at NW Natural.
March 7, 2011
Backers: Palomar East Pipeline Eyes Milestones in 2011
A seemingly on- and off-again project to build a new interstate pipeline connection for the Portland, OR, metropolitan area is currently very much on and eyeing market and regulatory milestones in the first half of this year, according to senior executives at NW Natural.
March 1, 2011
Seneca Again Urges Dynegy Shareholders to Reject Icahn Bid
With time running out on billionaire Carl Icahn’s tender offer of $5.50/share, or $665 million in aggregate, for Dynegy Inc., Seneca Capital on Wednesday again urged Dynegy shareholders to reject the offer.
February 10, 2011
Analysts: E&Ps Appear Undeterred by Low Gas Prices
Low natural gas prices failed to deter exploration and production (E&P) operators in 2010 and that’s likely to be the scenario again this year, according to several energy analysts.
January 10, 2011
Analysts: E&Ps Appear Undeterred by Low Gas Prices
Low natural gas prices failed to deter exploration and production (E&P) operators in 2010 and that’s likely to be the scenario again this year, according to several energy analysts.
January 10, 2011
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