Developing

Developing domestic gas resources could boost gross domestic product by 5% a year for the next 40 years, creating more jobs and powering the economy, says a former Shell Oil Co. chief.

Developing domestic gas resources could boost gross domestic product by 5% a year for the next 40 years, creating more jobs and powering the economy, says a former Shell Oil Co. chief.

President Obama on Tuesday signed an executive order to strengthen the cybersecurity of critical U.S. infrastructure by increasing information sharing and by jointly developing and implementing with industry partners a framework of cybersecurity practices.

Trans Energy Inc. announced Wednesday that it had sold its drilling rights and working interest in shallow wells targeting the Devonian Shale for $2.75 million before adjustments, but had retained a royalty interest on most wells and drilling rights to deeper formations, such as the Rhinestreet, Marcellus and Utica shales.

Consol Energy Inc. announced Friday that it would begin shifting its Utica Shale program in Noble County, OH, from exploration to development mode, after seeing encouraging results and data from its test wells and those of its competitors in the play.

BP plc plans to begin drilling the first of 10 appraisal wells in Trumbull County, OH, next April, but developing eastern Ohio’s portion of the Utica Shale may be hampered by a lack of pipeline infrastructure, officials said this week.

Developing new natural gas pipeline infrastructure has become more difficult, in part due to basis compression, and the problem is not likely to end any time soon, according to an ICF International economist. In addition, the number of groups seeking to block gas pipeline projects has been steadily growing, and are likely to get more radical in the years ahead.

Developing new natural gas pipeline infrastructure has become more difficult, in part due to basis compression, and the problem is not likely to end any time soon, said an economist with ICF International Thursday. In addition, the number of groups seeking to block gas pipeline projects has been steadily growing.

FERC should consider developing a model — one that is closer to those used by other federal enforcement agencies — for cracking down on individual traders who repeatedly manipulate energy markets, Commissioner Philip Moeller said Thursday.