Natural gas futures gave back a few pennies on Friday but still settled north of $4 for the second straight day as the frenzy of tropical weather activity, which to date has spared U.S. energy interests, could be lining up for a Gulf of Mexico strike by the end of the month.
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Obama Concedes Hardship of Deepwater Moratorium
In his first Oval Office address, President Obama last Tuesday gave no sign that he would ease up on the six-month moratorium on deepwater oil and natural gas drilling in the Gulf of Mexico (GOM).
Obama Concedes Hardship of Moratorium, But No Let-Up Expected
In his first Oval Office address, President Obama Tuesday night gave no sign that the moratorium on deepwater drilling in the Gulf of Mexico (GOM) may be shortened to less than six months.
Questar E&P Spin-Off Moves Forward
Questar Corp.’s board of directors last week gave a thumb’s up to proceed with a tax-free spin-off of the firm’s exploration and production (E&P) and midstream field services businesses to form an independent, publicly traded company to be named QEP Resources Inc.
NGPL Overrecovery Case Nears Settlement; Northern Stalled
Due to ongoing settlement discussions, FERC Chief Judge Curtis Wagner last Monday gave the go-ahead for a two-week suspension of the Section 5 complaint proceeding in which Natural Gas Pipeline Co. of America LLC (NGPL) is accused of overrecovering its cost of service by more than 20% (see NGI, Nov. 23, 2009). But trial staff of the Federal Energy Regulatory Commission (FERC) last Thursday asked Wagner to suspend the entire procedural schedule, saying that parties in the case had agreed to settlement terms.
Transco’s Mobile Bay South Expansion Approved for Service
FERC Tuesday gave Transcontinental Gas Pipe Line (Transco) the green light to place into service an expansion of its pipeline system that will serve markets in the southeastern United States.
A ‘Strong Possibility’ of Settlement Seen in NGPL Overrecovery Case
Due to ongoing settlement discussions, FERC Chief Judge Curtis Wagner Monday gave the go-ahead for a two-week suspension of the Section 5 complaint proceeding in which Natural Gas Pipeline Co. of America LLC (NGPL) is accused of overrecovering its cost of service by more than 20% (see Daily GPI, Nov. 20, 2009).
Transco’s Mobile Bay South Expansion Approved for Service
FERC Tuesday gave Transcontinental Gas Pipe Line (Transco) the green light to place into service an expansion of its pipeline system that will serve markets in the southeastern United States.
A ‘Strong Possibility’ of Settlement Seen in NGPL Overrecovery Case
Due to ongoing settlement discussions, FERC Chief Judge Curtis Wagner Monday gave the go-ahead for a two-week suspension of the Section 5 complaint proceeding in which Natural Gas Pipeline Co. of America LLC (NGPL) is accused of overrecovering its cost of service by more than 20% (see Daily GPI, Nov. 20, 2009).
ExxonMobil: Frac Chemicals Should be Disclosed
ExxonMobil Corp. gave a signal to oilfield services companies last week to begin disclosing the chemicals used in hydraulic fracturing (hydrofracing) operations at drilling sites.