Hopes

General Motors (GM) has unveiled what it calls the industry’s only fully integrated compressed natural gas (CNG) cargo van as the first in what it hopes will be a parade of options for fleet operators seeking to lower their carbon footprint.

Houston-based Plains Exploration & Production Co. (PXP) said Thursday it hopes to raise $1-2 billion by selling its Gulf of Mexico (GOM) portfolio either through third-party joint ventures or through asset sales “to align capital spending with operating cash flow.”

Houston-based Plains Exploration & Production Co. (PXP) said Thursday it hopes to raise $1-2 billion from its Gulf of Mexico (GOM) properties either through third-party joint ventures or through asset sales “to align capital spending with operating cash flow.”

The Alberta government shifted to the right in a provincial cabinet shuffle last Wednesday by Premier Ed Stelmach, raising hopes among natural gas producers that they will win a two-year crusade to reverse royalty increases.

The Alberta government shifted to the right in a provincial cabinet shuffle Wednesday by Premier Ed Stelmach, raising hopes among natural gas producers that they will win a two-year crusade to reverse royalty increases.

Natural gas bulls shouldn’t pin their hopes on a hurricane-inspired rally given the abundance of gas in storage and the diminished relevance of offshore natural gas supplies to the North American market, an analyst said Thursday.

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced last week, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced Monday, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

House Republicans’ hopes for a hearing Friday to explore the costs of cap-and-trade legislation proposed by Reps. Henry Waxman (D-CA) and Edward Markey (D-MA) were dashed when Democrats failed to provide the emission allocation language that Republicans had requested earlier in the week.