Measure

With some federal stimulus package funds sprinkled in for good measure, two national heavy-duty truck fleet operators, a local government association and a leading natural gas transportation fueling infrastructure company have announced plans to add 426 new compressed natural gas (CNG) and liquefied natural gas (LNG) heavy-duty vehicles in Southern California and the Pacific Northwest in two separate agreements.

A House draft measure that would place the Federal Reserve in the role as back-up regulator in the futures and securities markets got a cool reception from regulators and the House Agriculture Committee last Tuesday.

In a measure taken to help it move out of insolvency, Canadian Superior Energy Inc. said last week it has agreed to unload a 45% interest in gas development Block 5(c), located off the southeast coast of Trinidad, to Centrica plc for US$142.5 million in cash. Centrica said the gas — processed into liquefied natural gas (LNG) — could supply its customers in the UK, with additional optionality provided by Centrica’s North American customer base and the opportunity to sell into other Atlantic Basin markets.

In a measure taken to help it move out of insolvency, Canadian Superior Energy Inc. said Tuesday it has agreed to unload a 45% interest in gas development Block 5(c), located off the southeast coast of Trinidad, to Centrica plc for US$142.5 million in cash. Centrica said the gas — processed into liquefied natural gas (LNG) — could supply its customers in the UK, with additional optionality provided by Centrica’s North American customer base and the opportunity to sell into other Atlantic Basin markets.

The California Public Utilities Commission (CPUC) on Thursday took steps to better measure the results of energy efficiency and conservation programs. CPUC action on a 5-0 vote set new rules on calculating both energy savings and program portfolio cost-effectiveness.

The California Public Utilities Commission (CPUC) on Thursday took steps to better measure the results of energy efficiency and conservation programs. CPUC action on a 5-0 vote set new rules on calculating both energy savings and program portfolio cost-effectiveness.

New York Gov. David A. Paterson signed into law last Wednesday a measure that extends the state’s uniform well spacing system to include additional wells and drilling activity, including horizontal well drilling, which he said would lead to greater efficiency in processing well permits, notably aimed at drilling for natural gas in the Marcellus Shale formation.

New York Gov. David A. Paterson signed into law Wednesday a measure that extends the state’s uniform well spacing system to include additional wells and drilling activity, including horizontal well drilling, which he said would lead to greater efficiency in processing well permits, notably aimed at drilling for natural gas in the Marcellus Shale formation.

Despite his oft-repeated opposition to the measure, President Bush has signed into law legislation (HR 6022) temporarily suspending deliveries of crude oil to the Strategic Petroleum Reserve (SPR) in an attempt to ease gasoline prices. The new law will suspend SPR shipments until either the end of the year or when crude oil prices dip below $75/bbl.