Source

Senate Committee Urged to Keep Tax Breaks for IDCs

Energy industry experts on Tuesday urged the U.S. Senate Finance Committee to keep federal tax deductions for intangible drilling costs (IDC) and consider a uniform corporate rate as it considers comprehensive tax reform.

June 13, 2012

Interior, Coast Guard Investigate ‘Light Sheen’ in GOM Deepwater

The Department of Interior’s Bureau of Safety and Environmental Enforcement was “taking steps” Thursday to identify the source of a “light sheen” sighted in the central Gulf of Mexico (GOM) said to be about 10 square-miles-long. The sheen was reportedly spotted near the Mars and Ursa deepwater production units, both operated by Royal Dutch Shell plc.

April 13, 2012

Coal Mine Methane ‘Renewable’ Under Proposed Colorado Legislation

A bill being considered by the Colorado Senate (HB 1160) would make coal mine methane (CMM) gas a renewable source of electricity generation under the state’s renewable energy standard (RES).

April 9, 2012

API Study: EPA New Source Standard Could Cripple Drilling

Natural gas and oil drilling could be slowed by the U.S. Environmental Protection Agency’s (EPA) proposed New Source Performance Standards, resulting in less production and royalties, according to a study funded by the American Petroleum Institute (API) that was released Friday.

March 19, 2012

Williams Project Would Move Marcellus Gas East

The Marcellus Shale is the eastern United States’ new natural gas supply source of choice, and Williams is in the process of developing a new pipeline to connect supply with market via its existing Transcontinental Gas Pipe Line (Transco).

January 2, 2012

Williams Planning Eastbound Marcellus Outlet

The Marcellus Shale is the eastern United States’ new natural gas supply source of choice, and Williams is in the process of developing a new pipeline to connect supply with market via Williams’ existing Transcontinental Gas Pipe Line (Transco).

December 23, 2011

Williams Project Would Move Marcellus Gas East

The Marcellus Shale is the eastern United States’ new natural gas supply source of choice, and Williams is in the process of developing a new pipeline to connect supply with market via Williams’ existing Transcontinental Gas Pipe Line (Transco).

December 23, 2011

ExxonMobil: North American Energy Imports ‘Nearly Zero’ by 2040

Because of the abundance of natural gas and oil now being unearthed in North America, energy imports into the United States and Canada will steadily decline and be “down to almost zero” by 2040, an ExxonMobil Corp. executive said Thursday.

December 9, 2011

LNG May Become Second Largest Energy Source, Says ExxonMobil CEO

Liquefied natural gas (LNG) by 2040 may replace coal as the second largest global energy source, ExxonMobil Corp. CEO Rex Tillerson said in Qatar this week.

December 8, 2011

German Renewable Push Drives More Gas Interest

With nuclear power generation being phased out and coal considered too inflexible, natural gas as a source of electricity generation is drawing increased interest in Germany to balance its national grid, which is rapidly moving toward total reliance on renewable sources for power generation.

October 31, 2011