BP plc said it would delay the release of its 3Q2010 earnings by one week to Nov. 2 to give it more time to prepare additional data and disclosures related to the April Macondo well explosion. For 2Q2010 BP posted a $17 billion replacement cost loss, which included a $32.2 billion provision for costs related to the massive oil spill (see Daily GPI, July 28). BP also has been evicted from the FTSE4Good ethical investment index because of the oil spill. BP earlier this year was excluded from the DJ Sustainability Index.
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Murkowski Eyes Write-In Race in Alaska
Sen. Lisa Murkowski has signaled that she doesn’t plan to give up even after losing Alaska’s Republican primary last month. The incumbent senator’s two options for reelection are running on the Libertarian Party ticket, which “is looking less likely,” or launching a write-in candidacy, a spokeswoman for Murkowski said in Alaska Wednesday.
Industry Briefs
New regulations to be implemented in Wyoming by mid-month will give the public more access information about the chemicals used in drilling operations by the natural gas and oil industry. The Wyoming Oil and Gas Conservation Commission (WOGCC) does not plan to compile and present the information to the public, but the information would be available on the website, officials said. Under the new regulations, operators would have to disclose information that would be listed on a well-by-well basis. The disclosures would allow the public to know “exactly” what an operator has pumped into a well if it is hydraulically fractured and would know what the discharges are composed of once well stimulations are completed, said Commission Supervisor Tom Doll.
Quebec Eyes Shale Gas Exploration
With the Marcellus Shale as its guide, exploration and production (E&P) companies are pressing Quebec officials to give them some running room to develop the Utica Shale, a deep gassy play that extends across the St. Lawrence Lowlands and into the Lower 48 states.
Quebec Scrutinizing Shale Gas Exploration
With the Marcellus Shale as its guide, exploration and production (E&P) companies are pressing Quebec officials to give them some running room to develop the Utica Shale, a deep gassy play that extends across the St. Lawrence Lowlands and into the Lower 48 states.
Wyoming to Provide Access to Hydrofrac Chemical Use
Wyoming is set to implement new regulations in mid-September that would give the public more access information about the chemicals used in drilling operations by the natural gas and oil industry.
Senate Oil Spill Bill May Be Punted Until After Recess
While the House Friday passed the biggest overhaul ever for the offshore oil and natural gas drilling, the odds are slim that the Senate will give a repeated performance this week before lawmakers depart for their month-long recess.
NGPL, Great Lakes Close to Settling Cases
Natural Gas Pipeline Company of America (NGPL) has submitted a proposed settlement that would give shippers an 8% reduction in firm transportation rates in exchange for resolving Section 5 allegations of over-recovery of cost of service. And in a related Section 5 proceeding, an administrative law judge (ALJ) last Thursday certified to FERC an uncontested settlement that would provide customers on Great Lakes Gas Transmission LP pipeline an immediate rate reduction.
El Paso Pipeline Acquires More Interest in SNG
El Paso Pipeline Partners LP (EPP) on Thursday said it would pay $394 million to acquire another 16% interest in Southern Natural Gas Co. (SNG) from El Paso Corp., which would give it a 41% stake in the pipeline.
NGPL Calls Section 5 Settlement a ‘Fair and Reasonable Resolution’
Natural Gas Pipeline Company of America (NGPL) has submitted a proposed settlement that would give shippers an 8% reduction in firm transportation rates in exchange for resolving Section 5 allegations of over-recovery of cost of service.