Mistakes

Johnnie Burton, director of the Interior Department’s Minerals Management Service (MMS), was involved in a cover-up of the mistakes made in the 1998 and 1999 deepwater Gulf of Mexico oil and natural gas leases that could cost the federal government billions of dollars over the life of the leases if the contracts are not renegotiated, said a spokesman for a congressman who has been investigating the matter.

The Committee of Chief Risk Officers (CCRO) said it fully supports the concept of a “safe harbor” that would legally protect energy companies who make unintentional, “non-criminal errors” when reporting prices on natural gas and power trades to publishers of price indexes, noting it would pave the way for greater industry participation in the indexes.

It’s not a perfect world yet, but sponsors of the major projectsto tap reserves in the far north are working to avoid mistakes ofthe past by coming up with a joint plan to pipe supplies fromAlaska and the Northwest Territories to market areas in the south.

It’s not a perfect world yet, but sponsors of the major projectsto tap reserves in the far north are working to avoid mistakes ofthe past by coming up with a joint plan to pipe supplies fromAlaska and the Northwest Territories to market areas in the south.

Prosper Business Development Corp., a Columbus, OH-basedconsulting and marketing firm, released an addendum to a previousreport on deregulating energy markets yesterday, citing a new listof pitfalls in the changing energy environment. The report,”Accelerating Energy’s Challenge to Change,” is intended to enhanceenergy marketers’ profitability as they enter deregulating markets.