Reporting

A group of 62 oil and natural gas operators, which together represent 30% of the world’s production, agreed Monday to report their methane emissions with a “higher level” of transparency. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the United Nations Environment Programme (UNEP), the…

Speaking via videotaped remarks to a gathering in Hamburg, Germany prior to the G20 Summit, California Gov. Jerry Brown on Thursday announced that his state will host the Climate Action Summit in San Francisco in September 2018. Brown called for global action by citizens to “roll back the forces of carbonization” and address threats related to climate change. The summit, he said, will bring together various subnational government, business, investment and civilian representatives from around the world. Brown’s recorded remarks in Europe were introduced by Christiana Figueres, a former United Nations official dealing with the UN framework on climate change.

FERC should do more to address the perceived regulatory risk of reporting to price indexes, panelists at a technical conference on natural gas index liquidity and transparency told Commission staff last week.

The number and volume of natural gas transactions — according to FERC Form 552 submissions from up to 680 respondents — were in decline during 2008 to 2014 and flattened in 2015. However, that trend has improved somewhat in 2016, executives with two price reporting agencies (PRA) said in Houston on Tuesday.

The number and volume of natural gas transactions — according to FERC Form 552 submissions from up to 680 respondents — were in decline during 2008 to 2014 and flattened in 2015. However, that trend has improved somewhat in 2016, executives with two price reporting agencies (PRA) said in Houston on Tuesday.

The Railroad Commission of Texas(RRC) will host an Oil and Gas Regulatory Seminar in Corpus Christi, TX, on Tuesday, Aug. 16. Topics to be covered include drilling permits; completions; inactive well requirements; oil, gas or geothermal resource operations in hydrogen sulfide areas; production reporting; pipeline accident/incident reporting; pipeline permitting; surface casing exceptions; and website queries for proration. Early bird registration costs $150 per person through Aug. 5. Late registration is $200 per person beginning Aug. 6. The event will be at the Omni Corpus Christi Hotel, where group rates are available. For more information, visit the commissionwebsite.

Over the last two decades, the natural gas market has seen prices rise and fall, volatility wax and wane; while supply has ballooned and some liquidity has been lost to the departure of large bank trading shops. Price indexes are still very much a part of the game, but these days they are suffering a bit — in part from their own success.

The U.S. Commodity and Futures Trading Commission (CFTC) levied a $225,000 fine against two entities of JPMorgan Chase & Co. (JPMC), the largest bank in the United States, for filing inaccurate large trader reports (LTRs) for physical commodity swaps positions for more than one year.

More than three years after issuing a notice of inquiry (NOI) on whether to require quarterly reporting of FERC-jurisdictional next-day and next-month natural gas transactions, the Commission on Tuesday terminated the proceeding.