U.S. offshore operators face more stringent financial assurance and risk management requirements to ensure that they can pay to decommission and remove oil and natural gas production facilities, but critics say the changes could upend the industry.
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Export of NGLs Will Bolster Gas Production, Analysts Say
Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.
Utility Chief Credits Shales for Price Stability
Even with an energy industry “sea change” to renewables, the Los Angeles Department of Water and Power (LADWP) remains reliant on natural gas and the industry’s current shale boom, General Manager Ron Nichols told NGI’s Shale Daily on Thursday.
House Dems Try to Derail Obama’s Plan to Cut LIHEAP
Rep. Edward Markey (D-MA) and other lawmakers are asking all 435 House members to sign a joint letter to an appropriations subcommittee seeking assurance that “at least” $5.1 billion will be allocated for the Low-Income Home Energy Assistance Program (LIHEAP) in fiscal year (FY) 2011, as well as nearly $600 million in additional emergency funds. The requested funding is significantly more than what the Obama administration has proposed for FY 2011.
House Dems Try to Derail Obama’s Plan to Cut LIHEAP
Rep. Edward Markey (D-MA) and other lawmakers are asking all 435 House members to sign a joint letter to an appropriations subcommittee seeking assurance that “at least” $5.1 billion will be allocated for the Low-Income Home Energy Assistance Program (LIHEAP) in fiscal year (FY) 2011, as well as nearly $600 million in additional emergency funds. The requested funding is significantly more than what the Obama administration has proposed for FY 2011.
GAO: MMS Gas Royalties Program Lacks Staff, Tools
The Minerals Management Service (MMS) has no “reasonable assurance” that it receives its share of natural gas royalty-in-kind (RIK) payments, and it risks losing millions in revenue because of a lack of tools and staff, according to an audit by the Government Accountability Office (GAO).
CA Governor Calls for Legislative Session on October 9
With no assurance when they’ll meet, California Gov. Gray Davis last Thursday issued a proclamation reconvening the California legislature on Oct. 9 for a third special session to enact legislation to end the state’s emergency role as a power buyer and keep the state’s second largest utility, Southern California Edison Co., solvent.