Canadian production declines are part of a continent-wide trend that has the potential to cut the North American natural gas supply glut by 5-8 Bcf/d next year, according to Richard Moorman, strategic analysis manager for Houston-based Southwestern Energy Co.
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$6 Gas Necessary to Halt Production Drop, Producer Says
Canadian production declines are part of a continent-wide trend that has the potential to cut the North American natural gas supply glut by 5-8 Bcf/d next year, according to Richard Moorman, strategic analysis manager for Houston-based Southwestern Energy Co.
Overhaul of OTC Derivatives Market Advances in House
The House Financial Services Committee last Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.
House Panel Approves Overhaul of OTC Derivatives Market
The House Financial Services Committee Thursday approved by a wide margin a measure that calls for sweeping overhaul of the $500 trillion-plus over-the-counter (OTC) derivatives market.
EPA Proposes National Emissions Reports
Approximately 13,000 facilities, including a wide range of energy industry facilities, would be affected by an Environmental Protection Agency (EPA) proposal to require the nation’s major producers of carbon dioxide (CO2) and other greenhouse gases (GHG) to quantify and report their emissions, the EPA said.
EPA Seeks National Greenhouse Gas Data
Approximately 13,000 facilities, including a wide range of energy industry facilities, would be affected by an Environmental Protection Agency (EPA) proposal to require the nation’s major producers of carbon dioxide (CO2) and other greenhouse gases (GHG) to quantify and report their emissions, the EPA said Tuesday.
Bans on Offshore and Oil Shale Drilling Set to Expire
The House last week passed by a wide margin a continuing resolution that allows the 27-year-old congressional moratorium on offshore oil and natural gas drilling, as well as a ban on oil shale exploration in the Intermountain West, to expire Tuesday. House Democrats, who waged a lengthy battle against offshore drilling, conceded that the odds of renewing the ban over the opposition of the White House were slim this year. The Senate was expected to follow suit and pass the CR over the weekend.
Senate Votes to Let Offshore Drilling Ban Expire
The House Wednesday passed by a wide margin a continuing resolution that allows the 27-year-old congressional moratorium on offshore oil and natural gas drilling to expire in less than a week. House Democrats, whose mostly formed a united front against offshore drilling, fractured in recent weeks, conceded that the odds of renewing the ban over the opposition of the White House were slim this year.
Ospraie Hedge Fund Closes After 38% Drop on Commodity Swings
Being on the wrong side of wide swings in energy futures appears to have caused the downfall of yet another hedge fund as Ospraie Management LLC reported last Tuesday that it will close its fund after its value fell 38.6% this year, according to a letter to investors. The collapse could have repercussions within the energy industry.
Ospraie Hedge Fund Closes After 38% Drop on Commodity Swings
Being on the wrong side of wide swings in energy futures appears to have caused the downfall of yet another hedge fund as Ospraie Management LLC reported Tuesday that it will close its fund after its value fell 38.6% this year, according to a letter to investors. The collapse could have repercussions within the energy industry.