Later

Signs of economic stability surfaced at the end of March, but the Gulf of Mexico oil spill followed less than a month later followed by “less than positive” consumer and business confidence reports, which created “considerable uncertainty for the oil and gas industry,” according to a new report by Ernst & Young LLP.

Signs of economic stability surfaced at the end of March, but the Gulf of Mexico oil spill followed less than a month later followed by “less than positive” consumer and business confidence reports, which created “considerable uncertainty for the oil and gas industry,” according to a new report by Ernst & Young LLP.

A severance tax on natural gas drilling in Pennsylvania, which is scheduled to be hammered out by state legislators later this year and implemented by Jan. 1, must provide a fair share of revenue to local governments and communities where drilling takes place, according to Gov. Ed Rendell.

A severance tax on natural gas drilling in Pennsylvania, which is scheduled to be hammered out by state legislators later this year and implemented by Jan. 1, must provide a fair share of revenue to local governments and communities where drilling takes place, Gov. Ed Rendell said Tuesday.

Ford will introduce a compressed natural gas (CNG) and liquefied petroleum gas (LPG) engine prep package for its F-450 and F-550 Super Duty pickup trucks later this year, the automaker told approximately 500 North American fleet customers Monday.

A group of Northern Natural Gas shippers has called on FERC to terminate later this month a Section 5 complaint proceeding against the pipeline for overrecovery of its cost of service if the pipeline agrees not to seek a rate increase prior to or on May 1, 2011 or put higher rates into effect prior to Nov. 1, 2011.

A group of Northern Natural Gas shippers has called on FERC to terminate later this month a Section 5 complaint proceeding against the pipeline for overrecovery of its cost of service if the pipeline agrees not to seek a rate increase prior to or on May 1, 2011 or put higher rates into effect prior to Nov. 1, 2011.

Questar Corp., which is preparing for the likely spin-off of its exploration and production (E&P) business later this year, last week reported a mixed earnings report for the first three months of 2010, in part because of lower natural gas prices.

Xcel Energy anticipates having Colorado regulatory decisions later this year on its purchase of two natural gas-fired generation plants and its plans to retrofit or replace up to 900 MW of coal-fired generation in the Denver area. The Minneapolis-based utility holding company also expects to start commercial operations at its Comanche III coal-fired plant in Pueblo, CO, in May.