Involving

The Securities and Exchange Commission said Friday that Duke Energy has agreed to settle charges of violations of the Securities Exchange Act of 1934 involving internal accounting control deficiencies that allowed three Duke Energy traders to misclassify $56.2 million in trading losses between Jan. 1, 2001 and June 30, 2002 in order to receive larger year-end bonuses. The three were indicted in April 2004 by the U.S. Attorney’s Office for the Southern District of Texas (see Daily GPI, April 22, 2004).

Qatar Petroleum inked several blockbuster liquefied natural gas (LNG) transactions last week involving development of its North Field, which eventually could become the world’s largest LNG supplier.

Qatar Petroleum inked two blockbuster liquefied natural gas (LNG) transactions Sunday and Monday, both involving development of its North Field, which eventually could become the world’s largest LNG supplier. On Sunday, the company signed a $6 billion deal with Royal Dutch/Shell Group for development of another LNG train, and on Monday France’s Total bought a 16.7% stake in the Qatargas II LNG train from partners Qatar Petroleum and ExxonMobil for about $3.5 billion.

Natural Gas Council (NGC) members on Wednesday will present to FERC the results of a 14-month long effort to reach a consensus on the hot-button issues involving the energy content of the domestic gas stream and imported liquefied natural gas (LNG).

Accidents involving tankers laden with liquefied natural gas (LNG), whether intentional or unintentional, will have the most significant impact on public safety and property within a third of a mile from a spill due to thermal hazards, while lesser effects will be felt beyond a mile, even for very large spills, according to a new study by government scientists.

Serious incidents involving fatalities or injuries accounted for just under 40% of the 1,570 accidents on the natural gas distribution system between 1990 and 2002, according to the preliminary findings of an American Gas Foundation-commissioned report.

Serious incidents involving fatalities or injuries accounted for just under 40% of the 1,570 accidents on the natural gas distribution system between 1990 and 2002, according to the preliminary findings of an American Gas Foundation-commissioned report.

A combination industrial gas supply and power generation project involving a proposed liquefied natural gas (LNG) receiving terminal at Coos Bay along southern Oregon’s Pacific Coast is being examined on a preliminary basis by the Oregon Department of Energy’s siting council, which will hold a hearing on the proposed project Jan. 19. Comments from the public are due by Feb. 10.

A combination industrial gas supply and power generation project involving a proposed liquefied natural gas (LNG) receiving terminal at Coos Bay along southern Oregon’s Pacific Coast is being examined on a preliminary basis by the Oregon Department of Energy’s siting council, which will hold a hearing on the proposed project Jan. 19. Comments from the public are due by Feb. 10.