Following up on its investigation of offshore drilling practices sparked by the major rig explosion and oil spill in the Gulf of Mexico last spring, the U.S. Department of the Interior (DOI) has formalized two new rules it said will help improve offshore drilling safety and spill prevention. The new rules came under immediate attack from producers, who argued they would extend the moratorium on deepwater drilling in the Gulf of Mexico even after the ban was lifted.
Spring
Articles from Spring
All Points Bow to Mild Weather, Futures Weakness
A few points had held out with flat to mildly higher prices a day earlier, but all of the cash market was united in falling numbers Thursday as moderate spring weather and weak futures ganged up to depress physical prices.
All Points Bow to Mild Weather, Futures Weakness
A few points had held out with flat to mildly higher prices a day earlier, but all of the cash market was united in falling numbers Thursday as moderate spring weather and weak futures ganged up to depress physical prices.
Futures Dive Approaches $4.26 Support
Natural gas futures values continued to plod lower on Tuesday as much of the country has begun to see the first signs of spring. The April contract reached yet another new low for the down move before closing the regular session at $4.347, down 4.4 cents from Monday’s finish.
Futures Dive Approaches $4.26 Support
Natural gas futures values continued to plod lower on Tuesday as much of the country has begun to see the first signs of spring. The April contract reached yet another new low for the down move before closing the regular session at $4.347, down 4.4 cents from Monday’s finish.
As Spring Draws Nearer, Prices Get Lower
Moderating weather, along with screen dive and weekend factor, soften the cash market.
As Spring Draws Nearer, Prices Get Lower
Moderating weather, along with screen dive and weekend factor, soften the cash market.
Reid: No Senate Energy Debate Until Spring
Floor debate on the energy and climate change legislation will begin in the Senate “sometime in the spring,” according to Senate Majority Leader Harry Reid (D-NV).
Reid: No Senate Energy Debate Until Spring
Floor debate on the energy and climate change legislation will begin in the Senate “sometime in the spring,” according to Senate Majority Leader Harry Reid (D-NV).
Chesapeake CEO Sees ‘Pain Across Whole Industry’ in Near Term
By next spring U.S. natural gas prices will be $6-7/Mcf and around 900 gas rigs will be operating onshore, Chesapeake Energy Corp. CEO Aubrey McClendon said last week. However, gas producers will be in a world of hurt for the next few months because of a lack of storage capacity, he said.