Odds increased Monday that drilling and hydraulic fracturing will eventually spread into Quebec's share of eastern shale deposits, when the Liberal party returned to power on a business-friendly campaign platform of encouraging job-creating economic growth.
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Colorado Ballot Initiative to Allow Local Control of Oil, Gas Drilling
A ballot initiative under consideration in Colorado would give local governments control over oil and gas development. More than 50 local elected officials have sent a letter to Gov. John Hickenlooper expressing their support for the initiative.
Quebec Leaders JV With Producers in Remote Anticosti Island Drilling
The surprising announcement recently by anti-drilling Quebec provincial government leaders and several Canadian producers that they were getting together on joint ventures (JV) for exploration drilling and hydraulic fracturing (fracking) field trials in the Gulf of St. Lawrence, in the northern part of the province, far from civilization, was explained by a French Canadian opposition party, “deer don’t vote.”
New Brunswick Announces New Royalty Structure
The New Brunswick provincial government has unveiled a new royalty structure intended to lure oil and gas companies to the province.
Lawmaker Says Drilling on Federal Lands Should Also Shut Down
Rep. Raul Grijalva (D-AZ), the ranking member of the House Natural Resources Committee, has urged the federal government to stop “mining, drilling and other extractive activities .. until employees are no longer locked out.”
Traders Prepare for Loss of EIA Storage Reports
In the wake of the news Friday that the Energy Information Administration (EIA) would cease operations and furlough its staff thanks to the U.S. Government shutdown, traders and analysts are waiting to see how the natural gas futures market deals with the lack of a weekly storage inventory update.
Shutdown Blame Game Hits Oil and Gas
President Obama and congressional Republicans traded accusations Tuesday over who was responsible for slowing or stopping of federal permitting for oil and gas drilling.
EIA Reports Will Be Released Despite Shutdown
Despite the shutdown of the federal government, all of the Department of Energy’s Energy Information Administration (EIA) reports should be released on schedule this week and next, the agency said Tuesday. FERC also was conducting business as usual Tuesday for an unspecified time until its reserve funds run out. The Commodity Futures Trading Commission (CFTC) had only key personnel continuing to work.
FERC Prepared for Possible Government Shutdown
In the event of a potential government shutdown beginning at 12:00 a.m. (EST) on Oct. 1, FERC said the majority of its approximately 1,500 employees would be furloughed, while it would continue to inspect liquefied natural gas (LNG) projects, monitor energy markets for manipulation or other violations of Commission rules and potential threats to energy infrastructure.
Mexico Likely LNG Exporter, Sempra Exec Says
Assuming the U.S. natural gas business continues its robust growth, Mexico is likely to shift from being an importer to an exporter of liquefied natural gas (LNG), Sempra Energy International CEO George Liparidis told participants Tuesday at the Wolfe Research Power and Gas Leaders Conference in New York City.