Wide

The House Wednesday by a wide margin passed legislation that would force the Environmental Protection Agency (EPA) to act on exploratory air permits within a six-month time frame and would limit the ability of opponents to use the EPA’s Environmental Appeals Board to invalidate the permits for offshore exploration, both in offshore Alaska and in the Gulf of Mexico.

Continuing to take cues from the sagging natural gas futures complex, cash market values far and wide slid for a second straight day on Wednesday, shrugging off forecasts for a heat-wave return for much of the East.

Thanks to the Montney and Horn River shale plays, Western Canada can hold its own in the natural gas renaissance; however, production from these developing plays will not offset declines in the region’s conventional gas production, according to Ziff Energy Group’s Edward Kallio, director of gas consulting.

Since the cessation of injections at two natural gas saltwater disposal wells in the Fayetteville Shale nearly two weeks ago, a swarm of earthquakes there that began last summer seems to have died down, a researcher said. However, it will be at least a few more weeks before any link between the wells and quakes might be seen, and with how much certainty remains unclear.

In a world of abundant North American natural gas and a new round of oil shocks, the parting of oil and gas prices has grown so wide it’s as if the two never knew each other. Were they ever really linked, asks one analyst; while another notes that gas appears to have fallen out of step with the broader commodity basket.

In a world of abundant North American natural gas and a new round of oil shocks, the parting of oil and gas prices has grown so wide (25-to-1, give or take) it’s as if the two never knew each other. Were they ever really linked, asks one analyst; while another notes that gas appears to have fallen out of step with the broader commodity basket.

Anadarko Petroleum Corp. is assisting in the industry-wide effort to contain the massive oil spill in the Gulf of Mexico (GOM), with an eye on protecting the company and its shareholders, CEO Jim Hackett said last week.

The Senate Wednesday passed by a wide margin a Democratic-Republican amendment that resolves a number of key financial reform issues, including the unwinding of systemically significant financial companies that are on the verge of collapse, but it did not address derivatives trading.

Anadarko Petroleum Corp. is assisting in the industry-wide effort to contain the massive oil spill in the Gulf of Mexico (GOM), all with an eye on protecting the company and its shareholders, CEO Jim Hackett said Tuesday.