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NorthWestern Energy to buy gas assets in Montana

NorthWestern Energy Corp. agreed to buy natural gas production interests in northern Montana’s Bear Paw basin from Devon Energy Production Co. LP.

CBO report examines carbon tax’s possible consequences

Establishing a tax on carbon would raise significant revenue for the federal government, but could have potentially serious general economic impacts, the Congressional Budget Office said in a new report.

MARKET WATCH: Crude prices rebound in New York futures market

The front-month crude contract rose 0.9% May 28, ending a four-session decline in the New York market. Natural gas continued to fall, however, down 1.5%.

TRC updates oil, gas well construction rules

The Texas Railroad Commission has amended well construction requirements rule to clarify oil and gas well construction requirements related to casing, cementing, drilling, well control, and completions.

MARKET WATCH: Oil prices slumped ahead of holiday

Oil prices continued to slump May 24 going into the extended Memorial Day weekend that marked the start of the US summer driving season.

Marathon Oil says no sale on share of Athabasca oil sands

Marathon Oil Corp. said negotiations to sell its 20% interest in the Athabasca oil sands project have ended without any agreement being reached.

G20 told global gas database might be public by yearend

A global natural gas database will become publicly available by yearend “or as soon as feasible,” report three international organizations central to the initiative.

The Enron analog

The Executive Branch of the US government is beginning to look like Enron just before bankruptcy. That's not to say the administration of Barack Obama has criminals in high office, as Enron did.

European Parliament approves offshore oil, gas safety directive

The European Parliament authorized a new offshore oil and gas operations directive that requires operators to prove their ability to cover potential liabilities and to submit major hazard reports and emergency response plans before operations start.

Deloitte: Shale gas, oil potential increasingly apparent

Oil and gas production from tight shale formations clearly is a long-term phenomenon and not a short-term trend, Deloitte LLP officials told reporters.

Shell executive: Innovation, cooperation key to future energy success

A combination of innovation and cooperation will be necessary to meet the world's future energy needs, a Shell Downstream Inc. executive forecast.

Barclays: US gas exports to Mexico will accelerate

As the US debates exporting more plentiful natural gas from new liquefaction along the East and Gulf coasts, gas exports to Mexico in the past 3 years have doubled, according to a recent research note from Barclays.

Watching Government: Illuminating a shady process

To settle or not to settle, that is the question. Whether it's practical or simply expedient for a federal agency facing legal action to negotiate a compromise so it can use increasingly scarce resources elsewhere is hardly a Shakespearean dilemma.

ACC details US chemical rebound from abundant, affordable gas

Abundant, affordable US natural gas supplies resulted in 97 announced chemical and plastics projects totaling $71.7 billion in potential new investment, the American Chemical Council said in a recent report.

For the birds

Oil companies have been prosecuted for federal crimes when migratory birds died in waste pits at drilling sites, but apparently US President Barack Obama's administration figures eagles whacked out of the air by wind farm turbines simply committed suicide.
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