If the US government can't manage oil and gas royalties taken in kind, how can anyone expect it to handle a shady market for greenhouse-gas emission credits?
Position limits being considered by the US Commodity Futures Trading Commission to eliminate "excessive" market speculation could create problems for companies trading energy commodities, said John England, managing partner for energy in Deloitte & Touche LLP's markets consulting practice.
Policy makers and business leaders are sharpening their focus on ways to reduce greenhouse gas (GHG) emissions in the belief these reductions could improve the economy, weather, and quality of life.
US Interior Sec. Ken Salazar beat a US House committee to the punch and announced plans to eliminate the US Minerals Management Service's royalty-in-kind (RIK) program on Sept. 16.
The US government received more than 350,000 public comments on possible Outer Continental Shelf resource development strategies during the 6-month comment period that expired Sept. 21, US Interior Secretary Ken Salazar said on Sept. 22.
US House Natural Resources Committee members found plenty on which to disagree as they began 2 days of hearings on Chairman Nick J. Rahall's (D-W.Va.) federal minerals management reform bill on Sept 16.
Regulation of over-the-counter derivatives is essential as the US government tries to prevent market manipulation, the chiefs of two key financial regulatory commissions told the US House Agriculture Committee on Sept. 22.
A bill that aims to make federal oil and gas leasing more effective and efficient would have the opposite effect instead, two oil and gas industry officials told the US House Natural Resources Committee on Sept. 17.
Russia's state-owned natural gas monopoly OAO Gazprom, meeting the demand of the Russian government, has completed the construction of the second stretch of the 139-km Minsk-Vilnius-Kaunas-Kaliningrad gas pipeline.
The 45 ft of net hydrocarbon pay cut by an Anadarko Petroleum Corp.-operated deepwater exploratory well off remote Sierra Leone was only part of a "tremendous amount" of reservoir-quality rock the well penetrated, company officials said.
Protecting a pipeline system from cyber attack requires placing independent barriers and protections (technical countermeasures) around its supervisory control and data acquisition system in an effort to keep communication paths secure.
