Says

With crude oil prices exceeding $130 a barrel and natural gas prices nearing $12.50/Mcf, the Government Accountability Office (GAO) now says the federal government could be out as much as $54 billion in revenues — far more than was previously estimated — as a result of the faulty 1998-1999 deepwater leases and the court challenge by Kerr-McGee Oil and Gas, now part of Anadarko Petroleum, if upheld on appeal.

IntercontinentalExchange (ICE), a leading electronic energy trading platform, Friday assailed congressional Democrats’ “hastily submitted” legislative proposals that it says place “arbitrary controls” on regulated energy futures markets.

In response to concerns expressed by the community and the U.S. Coast Guard, as well as a recent denial of a dredging permit by Massachusetts, Weaver’s Cove Energy says it is exploring an alternative option that calls for the construction of an offshore liquefied natural gas (LNG) unloading berth in Mount Hope Bay and an underwater pipeline to transport LNG to a proposed terminal site in Fall River, MA.

In response to concerns expressed by the community and the U.S. Coast Guard, as well as a recent denial of a dredging permit by Massachusetts, Weaver’s Cove Energy says it is exploring an alternative option that calls for the construction of an offshore liquefied natural gas (LNG) unloading berth in Mount Hope Bay and an underwater pipeline to transport the LNG to a proposed terminal site in Fall River, MA.

A draft environmental impact statement (EIS) for Floridian Natural Gas Storage Co. LLC’s (FGS) Floridian Natural Gas Storage project, prepared by FERC staff says if the proposed project is constructed and operated in accordance with FGS’ proposed minimization and mitigation measures, recommended mitigation measures, and applicable laws and regulations, the facilities would result in limited adverse environmental impacts.

A draft environmental impact statement (EIS) for Floridian Natural Gas Storage Co. LLC’s (FGS) Floridian Natural Gas Storage project, prepared by FERC staff says if the proposed project is constructed and operated in accordance with FGS’ proposed minimization and mitigation measures, recommended mitigation measures, and applicable laws and regulations, the facilities would result in limited adverse environmental impacts.

A FERC administrative law judge (ALJ) has certified an uncontested partial rate settlement that he says could net shippers on Transcontinental Gas Pipe Line millions of dollars in savings.

A FERC administrative law judge (ALJ) has certified an uncontested partial rate settlement that he says could net shippers on Transcontinental Gas Pipe Line millions of dollars in savings.

Failed hedge fund Amaranth Advisors LLC says it plans to appeal later this week FERC’s recent decision upholding its assertion of jurisdiction in the natural gas futures market. At the same time, Amaranth and affiliates have asked the Federal Energy Regulatory Commission (FERC) to stay the enforcement proceedings at the agency pending the court’s review of the jurisdictional issue.