Owner

At the 11th hour Friday, the Commodity Futures Trading Commission granted CME Group, owner of the New York Mercantile Exchange (Nymex), and IntercontinentalExchange (ICE) limited relief until Dec. 31 from the Oct. 12 deadline to register as swap dealers.

At the 11th hour Friday, the Commodity Futures Trading Commission granted CME Group, owner of the New York Mercantile Exchange (Nymex), and IntercontinentalExchange (ICE) limited relief until Dec. 31 from the Oct. 12 deadline to register as swap dealers.

Add Earth Networks, the owner of WeatherBug, as well as Telvent DTN to the growing list of forecasters that expect the 2012 hurricane season to produce fewer tropical storms than the last few years.

As the largest private-sector hydroelectric power plant owner-operator, San Francisco-based Pacific Gas and Electric Co. (PG&E) has begun a drumbeat for more hydropower.

The Pennsylvania Supreme Court agreed Tuesday to hear an appeal of a property rights case and rule on whether the owner of the property in the Marcellus Shale also owns the shale gas it contains.

The Texas Supreme Court has for a second time reversed a court of appeals judgement in a case involving a pipeline company’s use of eminent domain for a public use project and has remanded the case to a district court “for further proceedings consistent with this opinion.”

Encana Oil & Gas (USA), owner of a natural gas field in Pavillion, WY, that the Environmental Protection Agency (EPA) claims is contaminated by chemicals used in production practices (including hydraulic fracturing, or fracking), has called on the agency to suspend the public comment period on a draft report issued in December.

Anadarko Petroleum Corp., which was a 25% owner of the doomed Macondo well in the deepwater Gulf of Mexico, has agreed to pay BP plc $4 billion to settle claims relating to last year’s well blowout and oil spill and will no longer pursue claims of gross negligence against the oil major. The settlement, which BP said was not an admission of liability, ends a dispute with Anadarko about how to divvy up responsibility to compensate those affected by the tragedy. In May a unit of Mitsui Ltd., which owned a 10% stake in the BP-operated well, agreed to pay nearly $1.07 billion for related damages (see NGI, May 23). Under terms of the settlement, Anadarko agreed to transfer its stake in the Macondo well back to BP, and BP agreed to indemnify Anadarko for some claims, excluding the civil, criminal and administrative fines and potential claims for punitive damages.

Anadarko Petroleum Corp., which was a 25% owner of the doomed Macondo well in the deepwater Gulf of Mexico (GOM), has agreed to pay BP plc $4 billion to settle claims relating to last year’s well blowout and oil spill and will no longer pursue claims of gross negligence against the oil major.