Bolster

Federal and state agencies are becoming proactive to bolster the safety record of operators in the oil and natural gas patch, with Oklahoma exploration and production companies recently urged to participate in a temporary work stoppage to address safety and health issues, and regulators now have issued a nationwide hazard alert on hydraulic fracturing (fracking).

Federal and state agencies have taken several steps recently to bolster the safety record of firms in the oil and gas patch, first by urging Oklahoma exploration and production companies to participate in a temporary work stoppage to address safety and health issues, and second by issuing a nationwide hazard alert related to hydraulic fracturing (fracking).

FERC last Thursday issued a final rule that seeks to bolster competition in the secondary gas capacity release markets by removing the price ceiling on short-term releases of natural gas transportation capacity and exempting asset management arrangements (AMAs) and other transactions from the agency’s tying prohibition. The order, however, rejected requests for an exemption to the capacity tying prohibition for liquefied natural gas (LNG).

The Commodity Futures Trading Commission (CFTC) Tuesday moved to bolster futures trader transparency, including that of large traders, with a proposal to require detailed information on ownership, control and other information for all trading accounts active on U.S. futures exchanges.

The Commodity Futures Trading Commission (CFTC) Tuesday moved to bolster futures trader transparency, including that of large traders, with a proposal to require detailed information on ownership, control and other information for all trading accounts active on U.S. futures exchanges.

Citigroup’s natural gas and power trading operations are to remain in Houston following completion of a reorganization intended to bolster the struggling banking giant, which has been rocked by the Wall Street crisis.

Citigroup’s natural gas and power trading operations are to remain in Houston following completion of a reorganization intended to bolster the struggling banking giant, which has been rocked by the Wall Street crisis.

ConocoPhillips said Friday it will set aside about 22% of its total worldwide exploration budget to bolster North American development in the coming year, with $3.3 billion targeted for the U.S. Lower 48 states, $1 billion for Alaska and $2.2 billion for Canadian development.

FERC Friday issued a favorable environmental assessment of Questar Pipeline’s proposed Southern System Expansion II that would bolster westbound deliveries of Rocky Mountain natural gas to Goshen, UT, where the pipe interconnects with the Wyoming-to-California Kern River Gas Transmission system.