Japan Planning to Phase Out Nuclear Power by 2030s

Japanese government officials on Friday announced a proposal to phase out nuclear power by the late 2030s, a major policy shift that ensures the country will need to rely on imported energy and could secure its position as the world’s biggest importer of liquefied natural gas (LNG).

September 18, 2012

California Firm Acquires More Kansas Acreage

With an eye for the developing shale potential in Kansas, Irvine, CA-based startup New Western Energy Corp. said Wednesday it has obtained a 90% working interest in the 550-acre Smith Oil & Gas Lease in Chautauqua County, KS. The interest is in acreage that sits adjacent to 1,700 acres that New Western holds in the B&W Oil & Gas Lease.

June 5, 2012

Pennsylvania Marcellus Permits Pass 3,000 Mark

Pennsylvania issued its 3,000th Marcellus Shale drilling permit of the year in November, but the final well count for 2011 is likely to fall just shy of 2,000, if drilling remains at its current pace.

December 15, 2011

Bentek: Tennessee Line 300 to Loosen, Then Tighten Again

Producers in northeastern Pennsylvania will get a respite from the region’s pipeline capacity pinch — but not for long — according to Bentek Energy LLC.

September 27, 2011

GHG Regulations Extend to Minor Pollution Sources in Gas Industry

As a result of the Environmental Protection Agency’s (EPA) Phase II Greenhouse Gas tailoring rule, which went into effect in July, minor sources of pollution — including gas processing plants, fractionating plants, compressor stations and other midstream energy assets — are now considered major source pollutants and thus are subject to more stringent regulation, said a partner with a major Washington, DC-based law firm.

September 27, 2011

CFTC Approves Swaps Definitions, Capital Requirements

In voting out four major proposed rules last Wednesday, the Commodity Futures Trading Commission (CFTC) “substantially completed the proposal phase” of the regulatory reforms called for under the sweeping Dodd-Frank Wall Street Reform Act. The Commission and the Securities and Exchange Commission (SEC) have scheduled a roundtable on Monday and Tuesday to discuss the schedule for implementing the final rules for swaps and security-based swaps under Dodd-Frank. And the CFTC has reopened the comment period on all of its proposals.

May 2, 2011

CFTC Approves Swaps Definitions, Capital Requirements and More

In voting out four major proposed rules Wednesday, the Commodity Futures Trading Commission (CFTC) “substantially completed the proposal phase” of implementing the sweeping Dodd-Frank Wall Street Reform Act.

April 28, 2011

Kitimat LNG Now Backed by a Horn River Trio

Encana Corp. has joined its Horn River producer peers Apache Corp. and EOG Resources Inc. in the Kitimat liquefied natural gas (LNG) export terminal project on the west coast of central British Columbia (BC) and its associated gas pipeline. Encana is taking a 30% stake in the project, which will target Asian markets with western Canadian gas supplies.

March 21, 2011

Fiat, Chrysler Keeping Options Open on Alternative Fuels

Noting that the companies are still in the “investigative phase,” a Michigan-based spokesperson for Fiat and Chrysler said the automakers aren’t ruling out any alternative transportation fuels for their future marketing efforts in the United States. Natural gas is just one of several options being explored, and electric vehicles (EV) and clean diesel are included in the mix.

December 9, 2010

G-20 Pact to Phase Out Fossil Fuel Subsidies Lacks Timetable

The G-20 nations Sunday in Toronto pledged to continue with their effort to phase out subsidies for oil, natural gas and coal. But the agreement — like the one forged at the summit in Pittsburgh last year — lacks teeth because it doesn’t include a timetable for when the subsidies should be unwound (see Daily GPI, Sept. 28, 2009).

June 29, 2010