Hurricane Irene, which was upgraded to a Category Three hurricane Wednesday morning, is expected to continue to strengthen as it moves away from the Bahamas, turning to a more northerly track and more closely approaching the coastline in the Mid-Atlantic or New England sometime this weekend, according to the National Hurricane Center (NHC).
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Petrochem Industry Eyes Economic Growth from Shale Gas
The natural gas liquids (NGL) in shale gas offer the United States a “tremendous opportunity” to strengthen manufacturing, boost economic output and create jobs, according to a report by the American Chemistry Council (ACC).
Ultra Says Rockies Gas Pricing ‘Continues to Strengthen’
Rockies natural gas pricing “continues to strengthen on a relative basis,” and new pipelines scheduled for completion this year will provide even more market access, Ultra Petroleum Corp. CEO Michael Watford said during a first quarter earnings conference call.
Ultra Says Rockies Gas Pricing ‘Continues to Strengthen’
Rockies natural gas pricing “continues to strengthen on a relative basis,” and new pipelines scheduled for completion this year will provide even more market access, Ultra Petroleum Corp. CEO Michael Watford said during a first quarter earnings conference call.
AES to Acquire DPL for $3.5B
AES Corporation announced Wednesday that it plans to acquire DPL Inc. in a $3.5 billion stock deal as it looks to strengthen its regional holdings.
Arkansas Panel Urges Tighter Shale Laws
The Arkansas Public Policy Panel (APPP) issued a report last week urging state lawmakers to strengthen regulation of oil and gas development in the Fayetteville Shale and encouraged them to use moratoria as needed.
Panel Calls For Tighter Shale Laws in Arkansas
The Arkansas Public Policy Panel (APPP) issued a report Wednesday urging state lawmakers to strengthen regulation of oil and gas development in the Fayetteville Shale and encouraged them to use moratoria as needed.
Gas Price Forecasts for 2011 Spiral Lower
Tradition Energy analysts on Tuesday piled on to 2011 consensus outlook by several energy teams regarding U.S. natural gas prices. The possibility that prices may strengthen over the coming months appears “challenging,” they said.
Industry Briefs
Enterprise Products Partners LP (EPE), Duncan Energy Partners LP (DEP) and Enterprise GP Holdings LP (EPGP) realigned the boards of the respective general partners to strengthen corporate governance policies. The majority of each board now is composed of nonmanagement directors. The EPGP board is to be helmed by CEO and President Michael A. Creel, Executive Vice President (EVP) A.J. “Jim” Teague and three nonmanagement directors. The DEP board is now composed of President and CEO W. Randall Fowler and four nonmanagement directors. EPE is now run by President and CEO Ralph S. Cunningham, EVP Richard H. Bachmann and five nonmanagement directors. The changes to the boards do not impact the business units’ structures or their strategic focuses, EPE said.
Senate to Begin Substantive Debate on Financial Reform Bill
Senators will begin offering amendments this week to either strengthen or weaken provisions in the far-reaching legislation that would overhaul the federal financial regulatory system, Wall Street banking practices and the $600 trillion derivatives markets.