Hours

A fire that erupted at midday Tuesday at the Mont Belvieu, TX, natural gas liquids (NGL) hub was under control within a few hours and was being allowed to burn out, according to owner and operator Enterprise Products Partners LP.

Hundreds of Houston-area natural gas and oil employees — most bussed in by their bosses — rallied last Wednesday during their lunch hours to protest the deepwater Gulf of Mexico (GOM) moratorium and to shout down possible new taxes on the industry.

Hundreds of Houston-area natural gas and oil employees — most bussed in by their bosses — rallied on Wednesday during their lunch hours to protest the deepwater Gulf of Mexico (GOM) moratorium and to shout down possible new taxes on the industry.

Gulf South plans to perform meter maintenance for about eight hours Monday at its South Raymond-Expansion interconnect with Texas Eastern in Hinds County, MS. Flow will be shut in for the duration, Gulf South said, but it will keep nominations there whole for the day.

Taking action just hours after President Obama signed the Wall Street reform bill into law last Wednesday (see related story), the Commodity Futures Trading Commission (CFTC) released a list of 30 areas where it plans to implement new regulations.

Summing up the ongoing bout of range-bound trading activity in the span of 48 hours, August natural gas futures virtually erased Tuesday’s gain of 8 cents with Wednesday’s decline of 7.7 cents as the prompt-month contract closed out Wednesday’s regular session at $4.513.

Hitting the ground running just hours after President Obama signed the Wall Street reform bill into law (see related story), the Commodity Futures Trading Commission (CFTC) on Wednesday released a list of 30 areas where it plans to implement new regulations.

The application of oil dispersants 5,000 feet below the surface of the Gulf of Mexico (GOM) was set to begin in a matter of hours Friday afternoon as responders continued to combat oil leaking from the deepwater well ruptured last week 42 miles from shore south of Venice, LA (see Daily GPI, April 27). An attempt to drill a relief well to stop the oil’s flow was to begin Saturday.

Senate Majority Leader Harry Reid (D-NV) stripped all of the tax extenders — energy and otherwise — from a pending jobs package only hours after Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA) unveiled a bipartisan bill Thursday.