President

President Obama is scheduled to make a two-day trip across New York and Pennsylvania later this week, traversing two states that so far have taken very divergent paths over Marcellus Shale development.

President Obama is scheduled to make a two-day trip, stopping at communities in northern New York and northeastern Pennsylvania later this week, traversing two states that so far have taken very divergent paths over Marcellus Shale development.

President Obama’s tilt toward accepting the economic opportunities from U.S. natural gas abundance may have been in fits and starts, but the right-leaning oil and gas industry is finding a lot to praise today, industry officials said Wednesday.

J. Christopher Giancarlo, executive vice president of the brokerage firm GFI Group Inc., has been nominated by President Obama to fill an opening on the Commodity Futures Trading Commission (CFTC), the White House said.

As part of President Obama’s climate action plan (see NGI, July 1), the Department of Energy (DOE) last Tuesday announced a draft $8 billion loan guarantee solicitation to develop advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.

As part of President Obama’s climate action plan, the Department of Energy Tuesday announced a draft $8 billion loan guarantee solicitation for the development of advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.

The chairman of the Commodity Futures Trading Commission (CFTC) Tuesday called on a Senate panel to support President Obama’s request for additional funds for the agency in fiscal year (FY) 2014 so that it can protect the derivatives and futures markets from fraud, manipulation and other abusive practices.

The U.S. Department of Energy’s (DOE) queue for deciding liquefied natural gas (LNG) applications is arbitrary and unlawful, said Center for Liquefied Natural Gas President Bill Cooper.

Kinder Morgan Energy Partners LP (KMP) said it will invest $107 million to expand its Kinder Morgan Crude and Condensate pipeline system (KMCC) deeper into the Eagle Ford Shale play in Karnes County, TX. The expansion, supported by a long-term contract with ConocoPhillips, will extend the 178-mile pipeline 31 miles from the KMCC DeWitt Station in DeWitt County, TX, to ConocoPhillips’ central delivery facility near Helena in Karnes County. Kinder Morgan will also build receipt tanks and a truck unloading facility adjacent to ConocoPhillips’ Helena facility. Construction is expected to begin in July. “This expansion further assists our commitment to deliver up to 300,000 b/d of crude and condensate from the Eagle Ford Shale,” said KMP products pipelines President Ron McClain.