Step

The Commodity Futures Trading Commission (CFTC) Friday took a major step toward implementing the sweeping Wall Street reform bill by voting out an interim final rule and two proposed rules at its first public meeting on the new regulations, but the agency made clear that the measures were not carved in stone and urged the public to comment.

In a decision that could move a proposal for a liquefied natural gas (LNG) import terminal on the St. Croix River in Calais, ME, one step closer to FERC approval, the U.S. Coast Guard has found the Passamaquoddy Bay Waterway suitable for LNG marine traffic.

BP plc CEO Tony Hayward will step down to be replaced by current BP Managing Director Robert Dudley on Oct. 1, the company said last week. Dudley will be the first American to lead the UK-based company, which has seen its image in the United States all but destroyed following the blowout of its Macondo well, causing the largest oil spill in U.S. history.

BP plc CEO Tony Hayward will step down to be replaced by current BP Managing Director Robert Dudley on Oct. 1, the company said Tuesday. Dudley will be the first American to lead the UK-based company, which has seen its image in the United States all but destroyed following the blowout of its Macondo well, causing the largest oil spill in U.S. history.

UK bookie Paddy Power is paying out on the wager that BP CEO Tony Hayward will step down before the end of the year.

Raymond James & Associates Inc. last week appeared to take a step on the natural gas bull side as analysts slightly lifted their 2010 forecast for U.S. natural gas prices to $4.50/Mcf from $4.25.

Raymond James & Associates Inc. on Monday appeared to take a step on the natural gas bull side as analysts slightly lifted their 2010 forecast for U.S. natural gas prices to $4.50/Mcf from $4.25.

Producers will save up to C$170 million (US$160 million) due to the first step alone in a planned series of reforms to Alberta natural gas and oilfield regulation, the provincial energy department predicts.

Producers will save up to C$170 million (US$160 million) due to the first step alone in a planned series of reforms to Alberta natural gas and oilfield regulation, the provincial energy department predicts.