Role

Oil and natural gas producers and environmental groups routinely have been at odds with each other over the practice of hydraulic fracturing (fracking), but they are now working together to draft a framework for regulation.

As long as government policies give the go-ahead to take over more demand, natural gas will play a bigger role in the world’s energy consumption , Royal Dutch Shell plc CEO Peter Voser said last week.

As new technology has increased output and because of its small carbon footprint, natural gas will play a bigger role in the world’s energy consumption as long as government policies give the go-ahead to take over more demand, Royal Dutch Shell plc CEO Peter Voser said Monday.

Williams Partners LP plans to assume the role of operator of the Overland Pass Pipeline after completing a bigger buy-in with joint venture (JV) partner ONEOK Partners LP. ONEOK Partners received about $424 million in the transaction, which was announced in July (see NGI, July 26). The Overland Pass Pipeline JV was established by the partners in May 2006, with Williams Partners then owning 1% interest. As long as Williams Partners owns at least 50% of the natural gas liquids pipe, it has the option to become the operator with 30 days notice.

Williams Partners LP on Thursday said it now owns a half-stake in the Overland Pass Pipeline Co. LLC and plans to assume the role of operator after completing the bigger buy-in with joint venture (JV) partner ONEOK Partners LP.

With natural gas futures playing a supportive role on Monday, cash point averages on Tuesday for Wednesday delivery continued to record increases across the board.

A House draft measure that would place the Federal Reserve in the role as back-up regulator in the futures and securities markets got a cool reception from regulators and the House Agriculture Committee last Tuesday.

Whatever global climate policies are put into place, natural gas for years to come will play a “bridging role” in meeting the world’s sustainable energy needs, the International Energy Agency (IEA) said last week.

Whatever global climate policies are put into place, natural gas for years to come will play a “bridging role” in meeting the world’s sustainable energy needs, the International Energy Agency (IEA) said Tuesday.