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President Obama’s nominee for the Commodity Futures Trading Commission (CFTC) Wednesday urged Congress to give the agency “more tools” to deal with abuses in the futures markets.

Commissioner Bart Chilton of the Commodity Futures Trading Commission (CFTC) Tuesday called on Congress to give the agency the authority to pursue criminal prosecution of fraud and manipulation in commodity futures markets.

Four of Falcon Gas Storage Co.’s founders believe there’s more to be done to give natural gas a temporary home in a world of growing unconventional production, unpredictable liquefied natural gas (LNG) flows and demand fluctuations among power generators.

Four of Falcon Gas Storage Co.’s founders believe there’s more to be done to give natural gas a temporary home in a world of growing unconventional production, unpredictable liquefied natural gas (LNG) flows and demand fluctuations among power generators.

After testing the lower end of the recent range in natural gas futures on Monday, traders on Tuesday decided to give the upside a go as the March contract put in a high of $4.715 during the regular session before closing at $4.513, down 4.4 cents from Monday’s close.

Interior Department’s Bureau of Land Management (BLM) is expected to publish a final rule Friday that will give it the green light to charge oil and natural gas pipelines, power transmission companies and fiber optics firms higher rental fees for linear rights-of-way (ROW) to better reflect the changes in land values over the past two decades.

Detroit’s DTE Energy is shooting for 2009 to have the beginnings of an advanced metering program in place that would give its electric and natural gas customers what promises to be more accurate meter readings, detailed information about energy usage and a system that recognizes power outages without customer input.

Just days after the pipeline was given FERC approval for construction, backers of the Midcontinent Express Pipeline, which would give shale producers in Texas, Arkansas and Oklahoma access to southern and eastern markets, said Tuesday they have completed a successful binding open season for a 300,000 Dth/d expansion of a portion of the planned system

FERC late Friday issued a certificate approving the construction of the proposed Midcontinent Express Pipeline, which would give shale producers in Texas, Arkansas and Oklahoma access to southern and eastern markets.