With industry, a U.S. senator and North Dakota state officials all focused on robust permitting applications for oil and natural gas development in the Bakken Shale, the Bakken Federal Executives Group is the latest attempt to streamline federal processes that are criticized for being too slow.
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BP Questioning Some Macondo Claims
The oil major wants to recover some of the millions set aside for Gulf Coast businesses following the 2010 oil spill because it says some claims may have been inflated or the losses were nonexistent.
House OKs U.S.-Mexico Transboundary Agreement
The Republican-led House Thursday passed legislation that would enact the terms of a U.S.-Mexico transboundary agreement governing the development of shared oil and gas resources along the two countries’ maritime boundary in the Gulf of Mexico. President Obama earlier this week said he opposed the bill, but he stopped short of saying he would veto it.
CFTC Chalks Up Another Dodd-Frank Win in Court
In another major victory for the Commodity Futures Trading Commission (CFTC), a federal appeals court in Washington, DC, Thursday upheld a lower court’s decision that found the agency did not act illegally in promulgating the Dodd-Frank regulations.
Senate Unanimously Confirms Charlotte Mayor as DOT Secretary
The Senate Thursday unanimously confirmed Anthony Foxx, the mayor of Charlotte, NC, to succeed Ray LaHood as secretary of the Department of Transportation (DOT), which oversees the safety of the nation’s natural gas and hazardous pipeline infrastructure, as well as roads, airports and railways.
California Bucks National Trend; July Expires Firm
Physical natural gas prices Wednesday for Thursday delivery fell an average of 8 cents nationally as double-digit, power-driven declines in the East and Northeast prompted declines in next-day gas that at some points exceeded $1.00. On the West Coast, however, prices made small advances as the independent system operator predicted high next-day power loads. At the close of trading the expiring July contract had added 6.0 cents to $3.707 and August rose 6.7 cents to $3.737. August crude oil gained 18 cents to $95.50/bbl.
Cyber Attacks on U.S. Oil, Natural Gas Operators Expected to Multiply
Cyber attacks on the oil and gas industry ranging from espionage by foreign intelligence services to attempts to interrupt a company’s physical operations are posing “an increasingly challenging problem for U.S. national security and economic competitiveness,” according to a new study by the Council on Foreign Relations (CFR).
Renewables Lead Gas for New Power Gen, Almost Everywhere
By 2016, the world will get more of its electricity from renewables — hydro, wind, solar, etc. — than from natural gas, according to the International Energy Agency’s (IEA) “Medium-Term Renewable Energy Market Report.” But in the Americas, particularly the United States, natural gas is still in the lead.
Report: NGVs Worldwide to Hit 35 Million in 2020
The number of natural gas vehicles (NGV) worldwide will nearly double between now and 2020, according to a report released Tuesday by Navigant Research. NGVs on the roadway will increase steadily from 18.2 million now to 34.9 million by 2020, Navigant said.
Obama Cracks Down on Coal, Encourages Fuel-Switching to NatGas
The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.