Heads

Encana Corp. and China National Petroleum Corp. (CNPC) late Thursday signed a memorandum of understanding (MOU), or heads of agreement, outlining a framework for the two companies to negotiate a potential joint venture investment to develop Encana’s natural gas plays in northeast British Columbia.

BP shares in the U.S. market rebounded sharply Thursday as investors who had pushed the panic button Wednesday heeded cooler analytical heads and drove the price up more than 12% at the close from the 14-year low recorded the previous day.

The legislative language on regulation of the over-the-counter (OTC) derivatives market remains a question mark as the Senate Banking Committee heads into mark-up of a measure proposing major reform of the financial regulatory system.

The Western Governors’ Association (WGA) Thursday urged Congress to provide more incentives for natural gas in transportation. The two WGA heads, Montana Gov. Brian Schweitzer and Idaho Gov. C.L. Butch Otter, wrote the leaders of the U.S. House and Senate to make the pitch for natural gas vehicles (NGV).

The Western Governors’ Association (WGA) Thursday urged Congress to provide more incentives for natural gas in transportation. The two WGA heads, Montana Gov. Brian Schweitzer and Idaho Gov. C.L. Butch Otter, wrote the leaders of the U.S. House and Senate to make the pitch for natural gas vehicles (NGV).

The Western Governors’ Association (WGA) Thursday urged Congress to provide more incentives for natural gas in transportation. The two WGA heads, Montana Gov. Brian Schweitzer and Idaho Gov. C.L. Butch Otter, wrote the leaders of the U.S. House and Senate to make the pitch for natural gas vehicles (NGV).

The heads of six natural gas exploration and production companies, all members of America’s Natural Gas Alliance (ANGA), gathered Thursday to discuss efforts to “increase appreciation” of North American natural gas and educate legislators and the public on the role of natural gas. They also voiced their opposition to the Waxman-Markey climate bill approved by the House earlier this year.

The heads of six natural gas exploration and production companies, all members of America’s Natural Gas Alliance (ANGA), gathered Thursday to discuss efforts to “increase appreciation” of North American natural gas and educate legislators and the public on the role of natural gas. They also voiced their opposition to the Waxman-Markey climate bill approved by the House earlier this year.

The heads of the two most powerful House committees overseeing derivatives markets have come together on the framework for legislation that would enhance federal regulatory authority to crack down on excessive speculation in the unregulated over-the-counter (OTC) markets.