Strategy

A new report on natural gas as a fuel for Canada’s transportation sector outlines compelling reasons for embracing a diversified transportation fuel strategy that includes natural gas. However, significant challenges to deployment of natural gas vehicles (NGV) in Canada must be overcome, according to the report, which was released by a roundtable of the Canadian Natural Gas Vehicle Alliance (CNGVA).

Big spending by Big Oil in the U.S. shale plays is leading to a big-time recovery in global upstream capital spending, according to energy consultant Wood Mackenzie.

The climate change agenda will impact global business performance and strategy “significantly” over the next few years, according to Ernst & Young LLP’s recent survey of top executives.

Department of Interior (DOI) Secretary Ken Salazar last week launched a coordinated strategy to address climate change science and resource management strategies. The move came as prospects to pass federal climate change legislation this year appeared to dim (see related story).

Department of Interior (DOI) Secretary Ken Salazar Monday launched a coordinated strategy to address climate change science and resource management strategies.

Since the United States Natural Gas Fund (UNG) is a passively managed commodity index fund with a “neutral” investment strategy, the Commodity Futures Exchange Commission (CFTC) should free it and other exchange-traded commodity index funds from position limits and grant them “no-action” status with respect to their activities, the fund manager said in a CFTC filing recently.

Since the United States Natural Gas Fund (UNG) is a passively managed commodity index fund with a “neutral” investment strategy, the Commodity Futures Exchange Commission (CFTC) should free it and other exchange-traded commodity index funds from position limits and grant them “no-action” status with respect to their activities, the fund manager said in a CFTC filing last week.

With its strategy more trained on oil than natural gas, Denbury Resources Inc. has agreed to sell more than half of its Barnett Shale natural gas assets to privately held Talon Oil & Gas LLC for $270 million.

The Senate moved the $10 billion omnibus lands bill a step closer to passage Monday and put into play a strategy that, if successful, could get the legislation over some of the procedural hurdles that have stalled the measure in the House. The bill would take millions of acres of public lands in the West off the table for potential oil and natural gas development.