The United States has completed its bilateral consultations with Japan for the country’s membership in the Trans-Pacific Partnership (TPP). If ultimately approved, membership is seen as potentially aiding U.S. liquefied natural gas to Japan (see Daily GPI, March 19). “Since November 2011, the United States has been engaged in consultations with Japan focused on Japan’s readiness to meet the TPP’s high standards for liberalizing trade and investment, and to address specific bilateral issues of concern in the automotive and insurance sectors, as well as other Japanese non-tariff measures,” said Acting U.S. Trade Representative Demetrios Marantis. “…[W]e are pleased to welcome Japan’s participation in the TPP negotiations pending a consensus agreement among the current TPP members and the completion of our respective domestic processes.” Through the TPP, the United States and 10 Asia-Pacific countries are seeking to negotiate a next-generation, regional trade agreement.
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Big Paydays for Big Energy CEOs
Nearly a dozen CEOs of large U.S.-based publicly owned oil and gas companies earned some of the biggest compensation packages in the country last year, according to preliminary data compiled by Equilar, an executive compensation data firm.
Big Paydays for Big Energy CEOs
Nearly a dozen CEOs of large U.S.-based publicly owned oil and gas companies earned some of the biggest compensation packages in the country last year, according to preliminary data compiled by Equilar, an executive compensation data firm.
Northeast, Midwest Opt Out of Cash Gains; Futures Soar
Physical natural gas prices on average for weekend and Monday delivery added a couple of pennies Friday as gains throughout a majority of the country overcame some losses in the Midwest, Great Lakes and Northeast. Seesawing weather conditions were expected to result in Monday temperatures slightly to much above normal in the Midwest.
Alternative Transportation Fueling Gains Steam
Alternative transportation fueling, including natural gas variations and biodiesel, is making strides across the country, taking technology to advanced levels.
EIA Considering Monthly Marcellus Production Reports
Barbara Mariner-Volpe of EIA’s Office of Energy Statistics is heading up the project to report Marcellus gas and other states separately, Cogan said. One of the options being considered would add individual reports on 14 states to the current five Lower 48 states and the GOM, said Barbara Mariner-Volpe of EIA’s Office of Energy Statistics.
Western Canada’s Unconventionals Seen Doubling Oil Output by 2025
Western Canada’s oil production should hit 5.7 million b/d by 2025, which is double the current output, boosted by unconventional growth from the oilsands and shale formations, according to ITG Investment Research (IR). Unconventional natural gas production also is seen lifting gas supplies by 3 Bcf/d from current numbers.
Devon Quits EPA Program Charging Misuse of Emissions Data
Devon Energy Corp. is pulling out of a voluntary natural gas well emissions data gathering program run by the U.S. Environmental Protection Agency (EPA) saying the data has been “irresponsibly and inaccurately used to justify costly regulations” for unconventional drilling.
Marcellus Drilling Backlog Could Keep Production Growing in ’13
Although drilling activity in the Marcellus Shale has slowed and some producers have dropped rigs, there is enough of a drilling backlog that, if wells were brought online over a one-year period, production would continue to grow but at a slower pace, energy analysts with Barclays Capital said.
Midwest Gains Pace Weather-Driven Advance; Futures Rise
Physical natural gas prices at most points across the country rose about a dime Tuesday, but if the highly volatile Northeast is added to the mix, the overall change is a loss of about 3 cents.
