Involving

Given recent incidents involving old cast iron distribution pipeline failures, the odds are growing that some form of pipeline safety legislation could emerge from Congress later this year, some industry sources told NGI Monday. Following the Allentown tragedy last week (see related story), the Pennsylvania State Senate is also looking into ways to improve pipeline safety as Marcellus Shale development within the state continues to ramp up.

BP plc and Russia’s state-controlled oil company OAO Rosneft late Friday announced a “groundbreaking strategic alliance” involving a stock swap and a deal to jointly explore Russia’s Arctic region.

New York’s ban on permitting for drilling operations involving hydraulic fracturing (fracking) has prompted Norway’s Norse Energy Corp. ASA to send notices of force majeure to landowners covering its leased acres, thereby extending its leases and awaiting shale developments under the incoming state administration.

BP plc and Russia’s state-controlled oil company OAO Rosneft late Friday announced a “groundbreaking strategic alliance” involving a stock swap and a deal to jointly explore Russia’s Arctic region.

The Commodity Futures Trading Commission (CFTC) has fined two traders a combined $700,000 for engaging in a fraudulent trade allocation scheme involving natural gas futures contracts and has permanently banned them from trading.

The Commodity Futures Trading Commission has fined two traders a combined $700,000 for engaging in a fraudulent trade allocation scheme involving natural gas futures contracts and has permanently banned them from trading.

New York state lawmakers have no plans to extend their proposed ban on the issuance of new permits for drilling involving hydraulic fracturing (fracking) beyond the May 15 deadline included in a bill recently passed by both chambers of the state’s legislature, according to Assemblyman Robert Sweeney (D-Suffolk County).

In a case involving an arcane issue for natural gas distribution utilities, a California appeals court has reversed a $12 million jury award in a lower court lawsuit by two plaintiffs against Southern California Gas Co. (SoCalGas). The utility had appealed the 2005 verdict.

In a case involving an arcane issue for natural gas distribution utilities, a California appeals court last Thursday reversed a $12 million jury award in a lower court lawsuit by two plaintiffs against Southern California Gas Co. (SoCalGas). The utility had appealed the 2005 verdict.