Requirements

After satisfying final technical requirements, San Diego-based Sempra Energy on Tuesday obtained final FERC approval to begin re-exporting liquefied natural gas (LNG) supplies from its Cameron import terminal in Hackberry, LA. However, a Sempra LNG spokesperson would not say whether any cargoes were ready to be reshipped.

The top two concerns for oil and gas company executives in 2011 are uncertainty in natural gas and crude oil prices, respectively, according to an annual report by Grant Thornton LLP.

The Interior Department said Tuesday it will take another pass at the rules set by the last administration for extracting shale oil from two million acres of federal land in Utah, Colorado and Wyoming, with the possibility of cutting the acreage total and raising royalties.

Due to cold weather having moved into its market area and based on anticipated demand, Southern projected that storage withdrawal requirements would exceed its capability starting Monday, and thus it implemented an OFO Type 6 for short imbalances that day until further notice. The OFO was extended through at least Tuesday, and Southern said it was “highly likely” that it will remain in place for short imbalances through Friday.

The Commodity Futures Trading Commission (CFTC) plans to meet Friday (Oct. 1) to issue rules dealing with the reporting of some swaps and on the requirements for derivatives clearing organizations and swap execution facilities, said Chairman Gary Gensler.

New Pennsylvania wastewater treatment requirements have prompted Fountain Quail Water Management to add a third evaporator unit at its shared facility in Williamsport, PA, the company said.

The Commodity Futures Trading Commission (CFTC) plans to issue rules next week for reporting some swaps and on the requirements for derivatives clearing organizations and swap execution facilities, said Chairman Gary Gensler.

Canadian requirements for industry coverage of potential offshore well blowout costs are likely obsolete and “woefully inadequate,” says a report to Parliament that urges a thorough review of damage liability rules.

Spectra Energy Corp. is holding a pair of open seasons to assess customer requirements for expanded transportation service on its Transportation North (T-North) system and for raw gas gathering and processing service in the Fort Nelson resource area in British Columbia (BC), the Calgary-based company said Tuesday. Both open seasons close May 7.