The government of Canada’s top natural gas-producing jurisdiction is braced for a long spell of lean times from oversupplied North American markets.
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Alberta Finances Ride A Royalty Rollercoaster
Canada’s chief natural gas producing jurisdiction is being pinched by soft prices, Alberta Finance Minister Ted Morton has confirmed. New government accounts, described by critics as highlighting “madness” of relying on resource income, show that gas has fallen to fourth place among provincial revenue sources from its previous stellar role as the reliable No. 1.
Alberta Finances Ride A Royalty Rollercoaster
Canada’s chief natural gas producing jurisdiction is being pinched by soft prices, Alberta Finance Minister Ted Morton has confirmed. New government accounts, described by critics as highlighting “madness” of relying on resource income, show that gas has fallen to fourth place among provincial revenue sources from its previous stellar role as the reliable No. 1.
Oregon Balks at FERC LNG Powers; NorthernStar Active with State
Controversy over liquefied natural gas (LNG) terminal proposals in Oregon is one impetus behind a Congressional move Monday to rescind FERC’s jurisdiction over LNG facility siting. Gov. Ted Kulongoski has lawyers looking at the state’s rights to withhold permits for federally approved projects with which Oregon disagrees.
Alberta’s Consumers, Government Enjoy Lower Gas Prices
It pays to be a consumer — and even more to be the government — in Canada’s chief natural-gas producing jurisdiction.
Premier Urges Albertans to Accept an Embarrassment of Riches
The new year will open in Canada’s chief natural gas-producing jurisdiction with its residents collecting a double bonus just for living in Alberta thanks to 2005 gas royalties of C$9 billion, more than double the amount projected. The funds will be dispersed to citizens despite a survey showing a majority would rather the government kept the money and spent it on services.
LNG, OCS Holding Up Oil and Gas Title of Senate Energy Bill
Senate negotiations on the oil and gas title of the energy bill are being stymied by two key issues — jurisdiction over the siting of liquefied natural gas (LNG) import terminals and drilling on the federal Outer Continental Shelf (OCS), according to Capitol Hill sources.
LNG, OCS Holding Up Oil and Gas Title of Senate Energy Bill
Senate negotiations on the oil and gas title of the energy bill are being stymied by two key issues — jurisdiction over the siting of liquefied natural gas (LNG) import terminals and drilling on the federal Outer Continental Shelf (OCS), according to Capitol Hill sources.
Bingaman Tries to Head Off Budget Cuts for DOE, Interior Oil and Gas Programs
Sen. Jeff Bingaman of New Mexico, the ranking Democrat on the Senate Energy and Natural Resources Committee, is trying to elicit support from fellow senators to get the Bush White House to reinstate the funding for oil and natural gas research and development (R&D) that it proposes to cut as part of its forthcoming budget request for fiscal year 2006.
Senate Panel Expects to Get FERC Nomination from White House ‘Soon’
The Senate Energy and Natural Resources Committee, which has jurisdiction over the nomination of Joseph T. Kelliher to fill the fifth Commissioner spot at FERC, expects the White House to forward the nomination paperwork to the panel “soon” so it can begin the confirmation process, a committee aide said.