Interior Department Acting Inspector General Mary L. Kendall has recommended stricter controls on the Bureau of Land Management (BLM) auction process and tougher requirements for bidders to avoid a repeat of the scene last December where a bad-faith bidder disrupted a Utah auction to protest the impact of drilling on the environment (see NGI, Dec. 22, 2008).
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Tighter Controls on BLM Auctions Sought Following Utah Sale
Interior Department Acting Inspector General Mary L. Kendall has recommended stricter controls on the Bureau of Land Management (BLM) auction process and tougher requirements for bidders to avoid a repeat of the scene last December where a bad-faith bidder disrupted a Utah auction to protest the impact of drilling on the environment (see Daily GPI, Dec. 22, 2008).
Regulators Propose Broad Reform of OTC Markets
Seeking to bring more transparency and accountability to the commodity derivatives marketplace, the federal government’s top three financial regulators last Wednesday recommended a “series of comprehensive reforms” or regulation for over-the-counter (OTC) markets. The reforms call for OTC transactions to be centrally cleared for the first time ever.
Financial Regulators Propose Broad Reform of OTC Markets
Seeking to bring more transparency and accountability to the commodity derivatives marketplace, the federal government’s top three financial regulators Wednesday recommended a “series of comprehensive reforms” for over-the-counter (OTC) markets. The reforms include provisions for central clearing.
Coast Guard Issues Water Suitability Report for Downeast LNG
The U.S. Coast Guard told FERC the waterway proposed for tankers to deliver liquefied natural gas (LNG) to Downeast LNG Inc.’s proposed regas terminal in Maine is suitable if recommended risk mitigation measures are fully implemented.
Coast Guard Issues Water Suitability Report for Downeast LNG
The U.S. Coast Guard told FERC the waterway proposed for tankers to deliver liquefied natural gas (LNG) to Downeast LNG Inc.’s proposed regas terminal in Maine is suitable if recommended risk mitigation measures are fully implemented.
GAO Urges Review of Interior’s Oil, Gas Fiscal System
Noting that the U.S. government’s “take” of revenues from oil and natural gas production is one of the lowest in the world, the Government Accountability Office (GAO) in a new report has recommended that Congress direct the Interior Department to undertake a broad review of its federal oil and gas fiscal system to determine whether it is collecting an appropriate share of royalties from producers.
GAO Urges Review of Interior’s Oil, Gas Fiscal System
Noting that the U.S. government’s “take” of revenues from oil and natural gas production is one of the lowest in the world, the Government Accountability Office (GAO) in a new report has recommended that Congress direct the Interior Department to undertake a broad review of its federal oil and gas fiscal system to determine whether it is collecting an appropriate share of royalties from producers.
ALJ Certifies Algonquin Gas Quality Settlement
A FERC administrative law judge (ALJ) has certified and recommended that FERC approve Algonquin Gas Transmission’s proposed contested settlement that attempts to resolve a number of natural gas quality and interchangeability issues associated with the transportation of regasified liquefied natural gas (LNG) on its pipeline system.
California Excludes Gas from Cap-and-Trade
Natural gas is being left out initially in California’s preliminary recommended auction for greenhouse gas (GHG) emissions allowances as part of a proposed cap-and-trade system for lowering the energy sector’s carbon footprint in the state by 2020 under a climate change law’s mandate. However, there is no consensus on this or other issues, such as cost, treatment of public-sector utilities, and the needed safeguards and monitoring of the allowance trading market.