Natural gas generation sets (gensets) are becoming more popular for distributed power generation installations and could surpass 13 GW of capacity worldwide by 2018, according to Navigant Research.
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Shareholder proposals requesting information on hydraulic fracturing (fracking) practices, which received an average 30.3% shareholder support in 2010, are becoming more popular, receiving an average 40.7% support this year, according to Institutional Shareholder Services. The corporate proxy firm has proposed a policy calling on shareholders to vote for proposals requesting greater disclosure of fracking operations, including measures companies have taken to mitigate potential community and environmental impacts. Current ISS policy does not specifically address fracking-related shareholder proposals.
New Fracking Chemicals Website Goes Online
A new website that provides a list of chemicals used in hydraulic fracturing is already becoming popular after its launch last Monday.
Thousands Visit New Fracking Chemicals Website
A new website that provides a list of chemicals used in hydraulic fracturing is already becoming popular after its launch on Monday.
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Lucien Bouchard, the popular former premier of Quebec, has been tapped to chair the Quebec Oil and Gas Association (QOGA), which is leading the charge to expand exploration in the province’s Utica Shale basin. Bouchard, who was Quebec’s premier from 1996 to 2001, previously served as Canada’s Minister of the Environment and once was Head of the Official Opposition in the House of Commons. He will replace Andre Caille on Feb. 21 at QOGA’s general assembly. Quebec’s drilling industry is much smaller than its provincial counterparts; QOGA was established less than two years ago in April 2009.
Popular Former Quebec Premier to Lead Utica Lobbying Effort
Lucien Bouchard, the popular former premier of Quebec, has been tapped to chair the Quebec Oil and Gas Association (QOGA), which is leading the charge to expand exploration in the province’s Utica Shale basin.
Traders Sell Into Strength as February Rallies Sharply
February natural gas futures staged a double-digit advance Wednesday as traders factored in incrementally colder forecasts in the 11- to 15-day period shown by popular weather models. At the close February futures rose 13.6 cents to $4.561 and March added 13.0 cents to $4.576. February crude oil fell 52 cents to $90.86/Bbl.
Proposed Producer Tax Hikes Face Capitol Hill Resistance
President Obama’s budget proposal to wipe out $36.5 billion in tax breaks for the oil and natural gas industry in fiscal year (FY) 2011 — notably the popular expensing of intangible drilling costs (IDC), which independent producers contend is critical to their business — will meet with resistance in Congress, say energy analysts with FBR Capital Markets.
Proposed Producer Tax Hikes May Face Capitol Hill Resistance
President Obama’s budget proposal to repeal in fiscal year (FY) 2011 $36.5 billion in tax breaks for the oil and natural gas industry — notably the popular expensing of intangible drilling costs (IDC), which independent producers contend is critical to their business — will meet with resistance in Congress, say energy analysts with FBR Capital Markets (see Daily GPI, Feb. 2).
Proposed Producer Tax Hikes May Face Capitol Hill Resistance
President Obama’s budget proposal to repeal in fiscal year (FY) 2011 $36.5 billion in tax breaks for the oil and natural gas industry — notably the popular expensing of intangible drilling costs (IDC), which independent producers contend is critical to their business — will meet with resistance in Congress, say energy analysts with FBR Capital Markets (see Daily GPI, Feb. 2).