Force

If New York regulators don’t meet a Nov. 29 deadline to finalize the rulemaking process for natural gas drilling using hydraulic fracturing (fracking), it may force more producers and service companies to move out of state, a spokesman for the Independent Oil and Gas Association of New York (IOGA-NY) said Monday.

Looking to allay concerns from customers that some of its new product offerings will force a change in how they trade, CME Group issued an open letter last week that more fully explains how the exchange will operate once Dodd-Frank Wall Street Reform Act regulations on swap dealer registrations going into effect Oct. 12. The exchange also explained in more depth the previously announced rollout of a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and over the counter (OTC) energy markets.

Looking to allay concerns from customers that some of its new product offerings will force a change in how they trade, CME Group issued an open letter Monday that more fully explains how the exchange will operate once Dodd-Frank Wall Street Reform Act regulations on swap dealer registrations go into effect Oct. 12. The exchange also explained in more depth the previously announced rollout of a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and over the counter (OTC) energy markets.

In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) last week narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.

In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) Wednesday narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.

Pacific Gas and Electric Co. (PG&E) plans to expand its natural gas work force by 1,400 positions and centralize overall control of its nearly 50,000 miles of transmission and distribution pipelines by 2015, according to a 45-page plan the San Francisco-based combination utility filed Friday with state regulators.

Chesapeake Energy Corp. on Tuesday announced that it would lay off 70 employees from its Barnett Shale workforce and transfer other staff members, leaving about 700 in its North Texas offices.

Monster U.S. oil supply growth will force domestic producers to curtail onshore activity in the upcoming weeks but it won’t be soon enough for 2013 oil prices, which likely will be “uglier than expected,” Raymond James & Associates Inc. analysts said Monday.

Some of ExxonMobil Corp.’s investors are attempting once again to force the largest U.S. natural gas producer to issue a report to shareholders about the financial impact from regulatory and community impacts associated with hydraulic fracturing (fracking) within its drilling operations.