American Electric Power (AEP) reported Monday that two separate shareholder derivative cases against the company and individual members of its board of directors were dismissed Nov. 5. The cases charged that the defendants failed to maintain adequate internal controls over their natural gas trading operations.
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Producers Urge FERC to Make Northern Border Exception, Not Change Policy
There is no need for FERC to change its overall transportation policy regarding long vs. short hauls in order to address the “idiosyncratic situation” existing on a part of Northern Border Pipeline’s system, U.S. and Canadian producers have told the Commission, suggesting instead that it could grant a waiver addressing the specific circumstances to prevent a short-haul shipper from effectively stranding upstream and downstream capacity.
Producers Urge FERC to Make Northern Border Exception, Not Change Policy
There is no need for FERC to change its overall transportation policy regarding long vs. short hauls in order to address the “idiosyncratic situation” existing on a part of Northern Border Pipeline’s system, U.S. and Canadian producers have told the Commission, suggesting instead that it could grant a waiver addressing the specific circumstances to prevent a short-haul shipper from effectively stranding upstream and downstream capacity.
Lack of Manpower Could Put Energy Security at Risk
As questions regarding domestic supply adequacy continue to swirl around the marketplace, new questions about a lack of manpower in the sector are beginning to be asked. Called upon by Congress to help lead the way in addressing the issue, North Dakota Gov. John Hoeven said a lack of manpower within the oil and gas industry is jeopardizing the country’s energy security.
EnCana Abandons Weymouth Well Offshore Nova Scotia
In another negative report regarding Atlantic Canadian gas exploration, EnCana Corp. said its Weymouth A-45 deepwater exploration well offshore Nova Scotia was unsuccessful and is being abandoned. The company has had a series of setbacks in the Atlantic since putting its shallow water Deep Panuke project on hold last year.
EnCana Abandons Weymouth Well Offshore Nova Scotia
In another negative report regarding Atlantic Canadian gas exploration, EnCana Corp. said its Weymouth A-45 deepwater exploration well offshore Nova Scotia was unsuccessful and is being abandoned. The company has had a series of setbacks in the Atlantic since putting its shallow water Deep Panuke project on hold last year.
Raymond James Says Prices Have Forced E&Ps to Up Activity
In response to investors’ questions regarding when natural gas drilling activity would pick up, Raymond James & Associates analyst J. Marshall Adkins said it already has, and will continue through the remainder of 2003 and into 2004.
Raymond James Says Prices Have Forced E&Ps to Up Activity
In response to investors’ questions regarding when natural gas drilling activity would pick up, Raymond James & Associates analyst J. Marshall Adkins said it already has, and will continue through the remainder of 2003 and into 2004.
Secretary Abraham Calls on PUCs Regarding Tight Gas Market
As part of the Department of Energy’s (DOE) Smart Energy campaign, Energy Secretary Spencer Abraham sent a letter to state public utility commissioners suggesting areas for state action to help ease the effects of a tightening natural gas market.
Secretary Abraham Calls on PUCs Regarding Tight Gas Market
As part of the Department of Energy’s (DOE) Smart Energy campaign, Energy Secretary Spencer Abraham sent a letter to state public utility commissioners last week offering suggested areas for state action to help ease the effects of a tightening natural gas market.