Possible

Possible sales of hundreds of millions of dollars in assets by the nation’s largest municipal utility to help avoid large rate increases are still being considered, according to Austin Beutner, the acting head of the Los Angeles Department of Water and Power (LADWP). An upcoming integrated resource plan is expected to show more detailed plans.

The Interior Department issued a new directive Friday to oil and gas lessees and operators requiring them to submit information that addresses prevention measures for a possible blowout, and then followed up Monday with the swearing in of Michael R. Bromwich who will take over the restructuring of the Minerals Management Service into the Bureau of Ocean Energy Management, Regulation and Enforcement (BOE).

As natural gas producers continue to turn their efforts to high-Btu gas shale plays, it remains to be seen whether the resulting production growth of natural gas liquids (NGL) can be accommodated by existing and planned processing and fractionation capacity, not to mention demand from the petrochemical industry.

In extending an Overage Alert into its seventh day Tuesday, Florida Gas Transmission tightened the tolerance for negative daily imbalances from 20% to 15%.

A new target of 2018 — four years later than the previous goal — has been set as the earliest possible date for gas to start flowing out of the Canadian Arctic via the proposed Mackenzie Gas Project (MGP).

A new target of 2018 — four years later than the previous goal — has been set as the earliest possible date for gas to start flowing out of the Canadian Arctic via the proposed Mackenzie Gas Project (MGP).

A new target of 2018 — four years later than the previous goal — has been set as the earliest possible date for gas to start flowing out of the Canadian Arctic via the proposed Mackenzie Gas Project (MGP).

With “key” additions from new project start-ups in North America and overseas, ExxonMobil Corp. added 2 billion boe to its internal proved reserves numbers in 2009, which is the highest in 10 years, the oil major said Tuesday.

With “key” additions from new project start-ups in North America and overseas, ExxonMobil Corp. added 2 billion boe to its internal proved reserves numbers in 2009, which is the highest in 10 years, the oil major said Tuesday.