Order

Prolific oil production from U.S. shales is weighing on the need for imports, OPEC acknowledged in its latest Monthly Oil Market Report (MOMR), and analysts at Barclays predicted that the Organization of the Petroleum Exporting Countries will see its influence over market balances decline over the next few years.

The U.S. District Court for the District of Columbia last week handed the energy industry a major victory by vacating and remanding an order that would require publicly traded producers to report to the Securities and Exchange Commission (SEC) how much they pay foreign governments for the commercial development of oil, natural gas and minerals.

The U.S. District Court for the District of Columbia Tuesday handed the energy industry a major victory by vacating and remanding an order that would require publicly traded producers to report to the Securities and Exchange Commission (SEC) how much they pay foreign governments for the commercial development of oil, natural gas and minerals.

BG Group has rearranged the natural gas pecking order in the Canadian Northwest, filing with the National Energy Board (NEB) for a liquefied natural gas (LNG) export license that reveals its choice of Spectra Energy’s (Westcoast) jumbo pipeline as its supply line over a TransCanada Corp. rival, along with an expansive roster of Asian customers.

BG Group has rearranged the natural gas pecking order in the Canadian Northwest, filing with the National Energy Board (NEB) for a liquefied natural gas (LNG) export license which reveals its choice of Spectra Energy’s (Westcoast) jumbo pipeline as its supply line over a TransCanada Corp. rival, along with an expansive roster of Asian customers.

A bill to require oil and natural gas companies to meet enhanced water and air emissions standards in order to earn streamlined state environmental permitting was introduced Tuesday by the majority leaders of both houses in the Colorado legislature.

The pecking order of liquefied natural gas (LNG) suppliers to Japan, the world’s largest importer of LNG, has shifted. For the first time, Australia has surpassed Qatar to take the No. 1 slot, according to EnergyQuest, a consultancy based in Australia.

A county court judge in Nacogdoches, TX, on Thursday dissolved a landowner’s temporary restraining order (TRO) against TransCanada Corp. that attempted to stop construction of the southern portion of the Keystone XL Pipeline from Canada.

CF Industries Holdings Inc., an agricultural fertilizer manufacturer and distributor, reported record third quarter earnings on Tuesday and said low natural gas costs were part of a favorable outlook for 2013.