Escalated

Regulatory dueling over tolls on TransCanada Corp.’s natural gas mainline west from Alberta has escalated into a fresh fight over a proposed facilities addition to the pipeline’s eastern end in Ontario.

Appalachian production for the exploration and production (E&P) arm of National Fuel Gas Co. escalated in the last quarter of 2010 at a triple-digit pace year/year, jumping 184% to 8.1 Bcfe, with most of the gains — 5.9 Bcfe — from the Marcellus Shale, executives said Friday.

Appalachian production for the exploration and production (E&P) arm of National Fuel Gas Co. escalated in the last quarter of 2010 at a triple-digit pace year/year, jumping 184% to 8.1 Bcfe, with most of the gains — 5.9 Bcfe — from the Marcellus Shale, executives said Friday.

A spat over formalities has escalated into open feuding between Ottawa’s Mackenzie Gas Project (MGP) Office and the Northwest Territories-based environmental and socioeconomic Joint Review Panel for Canada’s C$16.2 billion (US$15.4 billion) arctic natural gas pipeline project. The result is a potential postponement of a report that the National Energy Board (NEB) needs to complete the final regulatory ruling, which was promised by the end of this month after almost six years of project reviews.

A spat over formalities has escalated into open feuding between Ottawa’s Mackenzie Gas Project (MGP) Office and the Northwest Territories-based environmental and socioeconomic Joint Review Panel for Canada’s C$16.2 billion (US$15.4 billion) arctic natural gas pipeline project. The result is a potential postponement of a report that the National Energy Board (NEB) needs in order to complete the final regulatory ruling, which was promised by the end of this month after almost six years of project reviews.

Profits in the oil and natural gas industry are skyrocketing, but the pressure to keep share prices rising has crushed new field exploration and escalated merger and acquisition (M&A) activity, a trend that is expected to continue this year, the chairman of John S. Herold said Tuesday.

Profits in the oil and natural gas industry are skyrocketing, but the pressure to keep share prices rising has crushed new field exploration and escalated merger and acquisition (M&A) activity, a trend that is expected to continue this year, the chairman of John S. Herold said Tuesday.

Higher commodity prices may have improved the net profit for producers, but as prices have risen, related service costs have escalated “tremendously,” forcing the exploration and production (E&P) sector to focus on appraisal and development projects rather than new long-lead-time exploration, according to a report by Cambridge Energy Research Associates (CERA). The latest IHS-CERA Capex Index for generic global projects found costs have risen 68% since 2000 and 18% in just the last six months.

Higher commodity prices may have improved the net profit for producers, but as prices have risen, related service costs have escalated “tremendously,” forcing the exploration and production (E&P) sector to focus on appraisal and development projects rather than new long-lead-time exploration, according to a report issued Tuesday by Cambridge Energy Research Associates (CERA). The latest IHS-CERA Capex Index for generic global projects found costs have risen 68% since 2000 and 18% in just the last six months.