Greater

FERC Tuesday approved Questar Overthrust Pipeline Co.’s application to further expand its system to meet increased market demand and provide greater access to Rocky Mountain natural gas.

The House Natural Resources Committee last Thursday voted out legislation that would place greater restrictions on oil and natural gas producers that drill on federal onshore and offshore lands.

Forecasts of high temperatures on either side of 90 in many regions and even greater in the South, Midcontinent and parts of the West revived the spot market by generally small amounts Thursday. A tropical wave was still too close to West Africa to be a factor, but the previous day’s 4.8-cent futures drop had essentially no impact as a negative guide for cash prices.

The House Natural Resources Committee Thursday voted out legislation that would place greater restrictions on oil and natural gas producers that drill on federal onshore and offshore lands.

A unanimous vote by nearly 200 mayors Monday in favor of a resolution calling on the federal government to encourage greater use of natural gas vehicles (NGV) should signal other authorities to turn their support toward alternative fuels for transportation, according to American’s Natural Gas Alliance (ANGA).

Responding to calls for greater regulation in the offshore, Interior Secretary Ken Salazar last Tuesday announced plans to split the Minerals Management Service (MMS) into two independent entities, with one enforcing safety and environmental matters and the other handling leasing, revenue collection and permitting functions.

Global warming could decrease the number of Atlantic hurricanes by the end of the century, but it could simultaneously double the number of the most powerful (Category Four or greater) hurricanes, according to a study published in the most recent edition of the journal Science.

Global warming could decrease the number of Atlantic hurricanes by the end of the century, but it could simultaneously double the number of the most powerful (Category Four or greater) hurricanes, according to a study published in the most recent edition of the journal Science.

Just as the prior weeks’ report showing greater-than-expected withdrawals from gas storage inventory sparked hefty futures gains, Thursday’s report by the Energy Information Administration (EIA) showing less-than-anticipated withdrawals prompted a sharp reversal. At the close, January futures fell 17.8 cents to $5.643 and February tumbled 18.6 cents to $5.698. February crude oil rose $1.38 to $78.05/bbl.