Step

Craig Donohue, who has been CME Group’s CEO since 2004, will step down when his contract expires in December, the Chicago-based derivatives marketplace announced. The board has appointed current Executive Chairman Terrence Duffy to the expanded role of executive chairman and president, and current President Phupinder Gill to take over as CEO when Donohue’s contract expires. Additionally, the board extended Duffy’s and Gill’s contract agreements. “Donohue, Duffy and Gill, who have worked together in the office of the CEO for the last eight years, will work together over the next several months to effectuate an orderly leadership transition,” the board said. Duffy will continue to take a hands-on approach in government relations, corporate marketing and communications. Gill, who will report to Duffy, will be responsible for all other aspects of running the company. The current management team will remain in place, the board said.

Craig Donohue, who has been CME Group’s CEO since 2004, will step down when his contract expires in December, the Chicago-based derivatives marketplace announced Monday. The board has appointed current Executive Chairman Terrence Duffy to the expanded role of executive chairman and president, and current President Phupinder Gill to take over as CEO when Donohue’s contract expires. Additionally, the board extended Duffy’s and Gill’s contract agreements. “Donohue, Duffy and Gill, who have worked together in the office of the CEO for the last eight years, will work together over the next several months to effectuate an orderly leadership transition,” the board said. Duffy will continue to take a hands-on approach in government relations, corporate marketing and communications. Gill, who will report to Duffy, will be responsible for all other aspects of running the company. The current management team will remain in place, the board said.

The sponsors of the TransCanada Alaska Co. LLC Alaska Pipeline Project took a major step forward Friday with the proposed Alaska natural gas pipeline by filing 11 draft environment reports with FERC. But the odds of the project becoming a reality still don’t look good.

A Pennsylvania lawmaker is taking aim at one of the most contentious issues in the Marcellus Shale: gas migration.

In what it said was the first step to develop a new pipeline to move Marcellus Shale natural gas out of northeast Pennsylvania, Penn Virginia Resource Partners LP (PVR) has acquired an option to purchase an easement along a 28.8-mile long right-of-way corridor in Susquehanna County, PA.

Export of liquefied U.S. natural gas from the Gulf Coast drew another step closer to reality last week as Cheniere Energy Partners LP unit Sabine Pass Liquefaction LLC said it had struck its second sale and purchase contract — with Gas Natural Aprovisionamientos, a unit of Gas Natural Fenosa.

Export of liquefied U.S. natural gas from the Gulf Coast drew another step closer to reality Monday as Cheniere Energy Partners LP unit Sabine Pass Liquefaction LLC said it had struck its second sale and purchase contract — with Gas Natural Aprovisionamientos, a unit of Gas Natural Fenosa.

Construction of industrial infrastructure and production of liquid hydrocarbon resources near Point Thomson, AK, by ExxonMobil Corp. and affiliate PTE Pipeline LLC is one step closer with the release of a draft environmental impact study (DEIS) by the U.S. Army Corps of Engineers.

The Pennsylvania Senate approved a 3% impact fee on oil and natural gas drillers on Tuesday night, moving the Keystone State one step closer to possibly generating revenue from Marcellus Shale development. Meanwhile the state House of Representatives, after three days of tacking on amendments, is poised to pass its own competing bill Thursday (Nov. 17).