The head of the Pennsylvania Fish and Boat Commission (PFBC) said the agency needs $1 million to hire seven additional conservation officers in order to patrol waterways in the Marcellus Shale to look for oil and gas polluters.
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Sinopec Takes Stake in Canada’s Unconventional Gas Patch
China’s largest producer, Sinopec International Petroleum Exploration and Production Corp., is grabbing access to Canada’s unconventional plays in northeastern British Columbia and the Deep Basin of Alberta through a C$2.2 billion cash deal with Calgary’s Daylight Energy Ltd.
Mitsubishi, ConocoPhillips to Battle for Long Beach LNG Site
With its senior officers declaring they will win the fight, the sponsors of a liquefied natural gas (LNG) receiving terminal in Long Beach (CA) harbor fired shots in three different directions Thursday — in a state court, at city hall and in the FERC corridors in Washington, DC. In the end, Sound Energy Solutions (SES) expects to be vindicated before the Port of Long Beach Harbor Commission.
NGI The Weekly Gas Market Report
FERC Strikes Data Hub’s ‘Safe Harbor’ Request Hearing
In the 11th hour, FERC struck from its Wednesday meeting agenda a request by the Committee of Chief Risk Officers (CCRO) that would grant the CCRO’s energy data hub and its participants the same “safe harbor” protection that is afforded to companies that currently submit pricing information to index publishers.
FERC Likely to Rule this Week on Data Hub’s ‘Safe Harbor’ Request
The FERC is scheduled Wednesday to weigh in on a request by the Committee of Chief Risk Officers (CCRO) that would grant the committee’s Energy Data Hub and its participants the same “safe harbor” protection that is afforded to companies that currently submit pricing information to index publishers. The request, however, is not going unchallenged as a leading index publisher has fired back, questioning the validity of anointing an experimental hub concept with the same protections afforded to publishers who have adopted FERC’s standards on price indexes.
Sides Continue to Weigh in on ‘Energy Data Hub’ Protections Request
With FERC scheduled Wednesday to weigh in on the “safe harbor” protection request made by the Committee of Chief Risk Officers (CCRO) on behalf of its Energy Data Hub (see Daily GPI, June14), more parties are voicing their objections and support on the issue to the Commission. In addition to safe harbor protections for the Energy Data Hub and those that report to the hub, the CCRO requested assurances that FERC will not use the Energy Data Hub as a target for investigations by the Commission into transaction data by the participating companies.
CCRO, S&P Team Up to Establish Financial Best Practices
The Committee of Chief Risk Officers (CCRO), which was formed in 2002 to establish bottom-line standards for energy traders, plans by this summer to establish a best practice financial framework to serve as the foundation for the Standard & Poor’s (S&P) quarterly request for financial data.
CCRO, S&P Team Up to Establish Financial Best Practices
The Committee of Chief Risk Officers (CCRO), which was formed in 2002 to establish bottom-line standards for energy traders, plans by this summer to establish a best practice financial framework to serve as the foundation for the Standard & Poor’s (S&P) quarterly request for financial data.
El Paso Revamps Corporate Structure, Cuts Jobs
El Paso Corp. has completed the “creation of a fit-for-purpose organization” that resulted in job losses for about 40% of its corporate officers, 21% of its directors and 9% of the rest of the organization, not including field operations or field services businesses.
Industry Sets Task Force to Bolster Current Price Reporting
An industry group chaired by leaders of the Committee of Chief Risk Officers (CCRO) last Tuesday set up a task force to improve voluntary industry reporting of natural gas price information to publications that publish price indexes, and to establish better communications with FERC to ward off mandatory price reporting threatened by the Commission.