Proceed

Natural gas futures values got the green light to proceed lower Thursday morning after the Energy Information Administration (EIA) reported that a slightly larger-than-expected 40 Bcf was injected into underground storage caverns for the week ending Aug. 20. Near-month natural gas futures pierced support at $3.810, but failed to close below it.

Ruby Pipeline LLC has applied to FERC for a Notice to Proceed and Construct its 680-mile east-to-west natural gas project, the final hurdle that must be cleared before construction can begin.

Ruby Pipeline LLC has applied to FERC for a Notice to Proceed and Construct its 680-mile east-to-west natural gas project, the final hurdle that must be cleared before construction can begin.

Citing the need to proceed cautiously on oil and natural gas activity in the federal Outer Continental Shelf (OCS), Interior Secretary Ken Salazar said the department plans to postpone until later this year public scoping meetings for the environmental impact statement (EIS) for the upcoming five-year (2012-2017) leasing plan.

Questar Corp.’s board of directors last week gave a thumb’s up to proceed with a tax-free spin-off of the firm’s exploration and production (E&P) and midstream field services businesses to form an independent, publicly traded company to be named QEP Resources Inc.

Questar Corp.’s board of directors on Tuesday authorized its management team to proceed with a tax-free spin-off of the firm’s exploration and production (E&P) and midstream field services businesses to form an independent, publicly traded company to be named QEP Resources Inc.

The Environmental Protection Agency (EPA) has approved a clean-air permit for Shell Oil to proceed with oil and natural gas exploration in Alaska’s Chukchi Sea possibly by as early as this summer.

The Environmental Protection Agency (EPA) has approved a clean-air permit for Shell Oil to proceed with oil and natural gas exploration in Alaska’s Chukchi Sea possibly by as early as this summer.

FERC has raised slightly the annual dollar limit for projects that natural gas pipelines with blanket construction certificates can proceed with on their own this year without having to obtain agency clearance first.