Define

A group of five senators last Tuesday called on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to define swaps, security-based swaps and other key terms so that limits on market speculation can be put into effect.

A group of five senators has called on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to define swaps, security-based swaps and other key terms so that limits on market speculation can be put into effect.

Encana Corp. is hunkering down with a reduced spending plan for 2012 in dry natural gas plays and shifting more investments to liquids and oil-prone unconventionals in North America, CEO Randy Eresman said Wednesday.

The controversy over how to define natural gas gathering in the Outer Continental Shelf (OCS) is likely to ratchet up a few notches at the Federal Energy Regulatory Commission and in the courts in the months ahead.

The controversy over how to define natural gas gathering in the Outer Continental Shelf (OCS) is likely to ratchet up a few notches at the Federal Energy Regulatory Commission and in the courts in the months ahead.

FERC said it will hold a public conference on Sept. 23 to explore whether it should reformulate its test for defining non-jurisdictional gathering in the shallow waters of the Outer Continental Shelf (OCS).

Tractebel is in the process of buying bankrupt Enron Corp.’s proposed LNG terminal in the Bahamas and the associated $132 million Bahamas-to-Broward County, FL, Calypso pipeline project, which would bring the regasified liquefied natural gas to the U.S. pipeline grid. A Tractebel spokeswoman said the deal should be completed by this week following bankruptcy court review last Thursday.

Enron Corp.’s collapse created a tidal wave, stormy enough to cause a “sea change” in the industry, an energy consulting firm asserts in a new report. With the changes come the “traumatic” phases: first is shock, disbelief and denial, and the distancing by other companies. Soon after, the “wave of senior management head-rolling begins.” Then there is chaos — and that’s where the industry is now.

The Department of Transportation (DOT) has issued a proposed rule that seeks to identify and define the areas where people and property would be at greatest risk to “considerable” injury and damage if a natural gas pipeline should rupture and explode.