Environmental

The board of directors of ConocoPhillips said Friday that they have approved the company’s 2005 cash capital expenditures budget of approximately $6.9 billion, a majority of which is earmarked for the company’s Exploration and Production (E&P) and Midstream segments.

FERC last Tuesday said it would preserve for the next owner a number of environmental and technical reports related to the stalled storage project of Red Lake Gas Storage LP in Mohave County, AZ.

FERC on Tuesday said it would preserve for the next owner a number of environmental and technical reports related to the stalled storage project of Red Lake Gas Storage LP in Mohave County, AZ.

FERC on Tuesday said it would preserve for the next owner a number of environmental and technical reports related to the stalled storage project of Red Lake Gas Storage LP in Mohave County, AZ.

British Columbia, formerly notorious for erecting rigid regulatory barriers inspired by environmental critics, is now vowing to keep its promise to make its gas-rich northeastern corner more accessible. The BC Oil and Gas Commission is inaugurating a new era of “performance-based” regulation this fall, initially with liberalized procedures for pipeline projects.

British Columbia, formerly notorious for erecting rigid regulatory barriers inspired by environmental critics, is now vowing to keep its promise to make its gas-rich northeastern corner more accessible. The BC Oil and Gas Commission is inaugurating a new era of “performance-based” regulation this fall, initially with liberalized procedures for pipeline projects.

British Columbia, formerly notorious for erecting rigid regulatory barriers inspired by environmental critics, is now vowing to keep its promise to make its gas-rich northeastern corner more accessible. The BC Oil and Gas Commission is inaugurating a new era of “performance-based” regulation this fall, initially with liberalized procedures for pipeline projects.

Gas prices are likely to average $6.10 at the Henry Hub this year and catapult over the $7 mark in 2005, according to consultants at Energy and Environmental Analysis Inc. in Arlington, VA. EEA said in a report Wednesday that despite adequate storage injections and average working gas levels, it expects prices for the rest of the injection season to average $6.45 at the Henry Hub.

Nonprofit environmental group Campaign to Protect America’s Lands (CPAL) said last week that results from a survey of registered voters in New Mexico show that fewer than one in four, including less than half the registered Republicans, favor the Bureau of Land Management’s (BLM) plan to permit oil and gas drilling in the Otero Mesa region, which includes two counties, Otero and Sierra, in southern New Mexico.