Portions

In response to the newly enacted energy bill, Interior Department’s Bureau of Land Management (BLM) plans to put on hold portions of proposed regulations that would have allowed it to implement fees to recover costs associated with oil, natural gas and geothermal leasing, including the processing of oil and gas applications for permits to drill (APDs) and geothermal permits to drill (GPDs).

The principals aren’t talking, but rumors have been swirling in recent weeks about potential buy-out offers for portions of the increasingly valuable energy trading portion of the New York Mercantile Exchange. The latest was a report circulating Thursday that J.P. Morgan Chase & Co. was presenting a proposal to the Nymex board to set up an initial public offering for the Exchange.

The gasification function and the pipeline loop portions of its Lake Charles, LA, LNG operations expansion are ready to go, Trunkline LNG said in asking FERC to authorize start-up and an interim tariff by July 20 to process and sendout expected LNG deliveries at the import terminal.

Greater upward pressure is expected on natural gas prices this summer due to projected warmer-than-normal weather in portions of the United States, a potentially active hurricane season, increased gas demand and flat production, the Natural Gas Supply Association (NGSA) said last Thursday. The association said the market impact of high gas storage levels will be far outmatched by the numerous other bullish factors influencing prices.

Greater upward pressure is expected on natural gas prices this summer due to projected warmer-than-normal weather in portions of the United States, a potentially active hurricane season, increased gas demand and flat production, the Natural Gas Supply Association (NGSA) said Thursday. The association said the market impact of high gas storage levels will be far outmatched by the numerous other bullish factors influencing prices.

Two House Republican amendments seeking to remove the congressional moratorium on exploration and production in portions of the federal Outer Continental Shelf (OCS) were vanquished last Thursday.

Two House Republican amendments seeking to remove the congressional moratorium on exploration and production in portions of the federal Outer Continental Shelf (OCS) were vanquished Thursday.

The region encompassing the Northeast Power Coordinating Council (NPCC) is projected to have adequate power supplies this summer, although portions of New England and New York could experience a very limited number of time periods when use of interruptible power contracts, voltage reductions and/or reductions in reserve requirements could be required, NPCC said on Thursday.

Due to receipts exceeding deliveries, Southern Natural is implementing an OFO Type 6 for the contiguous portions of its system Wednesday. Tiered penalties of $1, $5 or $15 per dekatherm will be applied only to shippers with net positive daily imbalances exceeding 2% or 200 dekatherms, whichever is less. Citing its everyday procedure, Southern said it will be force balancing during the OFO.