Suitable

An investigation into the cause of the blowout of BP plc’s Macondo well in the Gulf of Mexico and the sinking of the Deepwater Horizon drilling rig “suggest[s] the lack of a suitable approach for managing the inherent risks, uncertainties and dangers associated with deepwater drilling operations and a failure to learn from previous ‘near misses,'” according to preliminary findings by a committee of the National Academy of Engineering and National Research Council.

An investigation into the cause of the blowout of BP plc’s Macondo well in the Gulf of Mexico and the sinking of the Deepwater Horizon drilling rig “suggest[s] the lack of a suitable approach for managing the inherent risks, uncertainties and dangers associated with deepwater drilling operations and a failure to learn from previous ‘near misses,'” according to preliminary findings by a committee of the National Academy of Engineering and National Research Council.

Just two days after Gov. Ed Rendell placed a moratorium on drilling on state forest land, Pennsylvania’s Department of Conservation and Natural Resources (DCNR) and Department of Environmental Protection (DEP) announced a new policy requiring well operators working on state park and forest land to identify all areas of their tracts that will be disturbed by development activities.

There is no unleased state forest acreage suitable for natural gas development remaining in Pennsylvania’s Marcellus Shale area, according to a report from the state’s Department of Conservation and Natural Resources (DCNR).

The U.S. Coast Guard told FERC the waterway proposed for tankers to deliver liquefied natural gas (LNG) to Downeast LNG Inc.’s proposed regas terminal in Maine is suitable if recommended risk mitigation measures are fully implemented.

The U.S. Coast Guard told FERC the waterway proposed for tankers to deliver liquefied natural gas (LNG) to Downeast LNG Inc.’s proposed regas terminal in Maine is suitable if recommended risk mitigation measures are fully implemented.

Once classified as safe investments suitable for “widows and orphans,” gas and electric utility stocks interest a broader cross section of investors, more interested in how well their investments perform and appreciate in value instead of the dividend yields or management performance, according to a new survey by Deloitte & Touche.

Once classified as safe investments suitable for “widows and orphans,” gas and electric utility stocks interest a broader cross section of investors, more interested in how well their investments perform and appreciate in value instead of the dividend yields or management performance, according to a new survey by Deloitte & Touche.

Unable to find a suitable generation partner for its high flyingtrading arm UtiliCorp United Inc. instead will make an initialpublic offering for a portion of subsidiary Aquila Energy Corp. andthen spin off the remaining shares next year to its shareholders ina tax-free distribution. The result will be two stand-alonepublicly traded companies, both based in Kansas City.