Significantly

Tuscarora Gas Transmission Co. Friday submitted to FERC a settlement of the Section 5 complaint accusing the pipeline of significantly overrecovering its cost of service, making its current transportation rates “unjust and unreasonable.”

Well drilling permit approvals in the deepwater Gulf of Mexico (GOM) increased significantly from April to October but still fall below pre-moratorium levels and they may for some time, according to updated research by IHS Inc.

Although Norse Energy Corp. ASA has put most of its leasehold in New York up for sale, the company said it hopes to continue doing business in the state — especially through a joint venture (JV) — and is currently in negotiations with several interested parties over its assets.

Oil well drilling significantly outpaced natural gas activity in the third quarter, the American Petroleum Institute (API) reported Wednesday. For every two oil wells that were completed during the period, only one gas well was completed.

The cash market is displaying one of its quirkier characteristics. After rising strongly at all but one point Monday in anticipation of significantly colder temperatures approaching later in the week to much of the nation’s midsection, prices fell at a large majority of locations Tuesday, even as the heating load-boosting conditions began to arrive.

As development in the liquids-rich Eagle Ford Shale of South Texas continues to expand, the task force formed earlier this year to address residents’ and industry’s concerns Wednesday issued recommendations related to truck traffic and pipeline development.

The total of pipeline mileage and transportation capacity that has gone into service this year is significantly more than what entered operation during the first eight months of 2010, according to statistics compiled by FERC’s Office of Energy Projects (OEP).

The total of pipeline mileage and transportation capacity that has gone into service this year is significantly more than what entered operation during the first eight months of 2010, according to statistics compiled by FERC’s Office of Energy Projects (OEP).

September natural gas advanced Thursday following the release of government inventory data showing a significantly smaller increase than what the market was expecting. The Energy Information Administration (EIA) reported a build of just 25 Bcf, about 11 Bcf less than industry estimates. September futures rose 10.5 cents to $4.108 and October gained 10.3 cents to $4.127. September crude oil jumped $2.83 to $85.72/bbl.