Thursday, January 30, 2025

EnLink Midstream Names New Senior Vice President – Finance and Corporate Development

The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) (the Partnership) and EnLink Midstream, LLC (ENLC) (the General Partner) (together “EnLink”), today named Benjamin D. Lamb to the position of Senior Vice President – Finance and Corporate Development, effective immediately. In his new role, Mr. Lamb will continue to lead mergers, acquisitions and financing transactions for EnLink. He will also partner

Senate narrowly fails to pass Keystone XL pipeline bill

Story by Reuters The U.S. Senate on Tuesday narrowly failed to pass a bill that would have approved construction of the controversial Keystone XL pipeline, rejecting a measure the House of Representatives approved last week. The vote count was 59-41 in favor, but 60 “ayes” would have been needed to assure passage. Fourteen Democrats voted for the bill, joining all

Ford CEO: We’re making a ‘Tesla’ for the masses

Story by Yahoo Finance We’re still waiting on flying cars, but there is serious innovation in the auto world. Tesla’s electric cars and Google’s self-driving cars are changing the way we think about driving, but so far these technologies have been elusive—banned in the U.S. or reserved for the 1%. Ford CEO Mark Fields wants to change that. “Clearly we

Fed’s Two Jobs Collide as Drop in Unemployment Vies With Inflation

Story by Bloomberg Just when Federal Reserve Chair Janet Yellen and her colleagues will be approaching a decision to raise interest rates, their two mandates will probably be pulling them in different directions. By June 2015, the jobless rate will be very close to the 5.2 percent to 5.5 percent that policy makers consider full employment, according to the median

Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Infrastructure in the Permian is about to receive a boost from Lone Star NGL, a joint venture between Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP). The two companies have approved the construction of the Lone Star Express pipeline, which will connect the Permian Basin to Mont Belvieu, the world’s largest natural gas liquids (NGL) hub, located

Oil and Gas Prices - Oil & Gas 360

Important Changes to Severance, Use Taxes for Colorado Oil & Gas Producers

Two major decisions were made in Colorado state courts in the past 12 months regarding Colorado tax codes that affect many in the oil and gas industry in the state. The first was made in BP America Co. v. Colorado Dept. of Revenue (Nov. 2013) regarding state severance tax. In this case, the court considered the computation of the taxable value

Feds Reverse Decision on Frac Ban in National Forest

Today the U.S. Forest Service announced that the federal management plan will reverse an outright fracing ban that was proposed in 2011 for the George Washington National Forest, according to a news release from the Forest Service. The decision was highly anticipated by environmentalists and the energy industry because about half of the 1.1 million-acre forest sits atop the Marcellus

TransCanada

TransCanada CEO Speaks Out about Keystone XL

White House Statements “Factually Incorrect” UPDATE: Senate bill fails to pass by one vote, 59-41 TransCanada Corp.’s (ticker: TRP) president and CEO Russ Girling today provided a comment in advance of the debate and vote on U.S. Senate bill 2280: “I was very pleased to see another vote in the House of Representatives in favor of Keystone XL, a vote that

New House Bill seeks to Speed EPA Approval for Factories Using NatGas

Bill will accelerate EPA approval, accountability The House of Representatives is set to vote this week on H.R. 4795, the Promoting New Manufacturing Act, authored by House Majority Whip Steve Scalise (R-LA). The legislation encourages building and industrial development in the U.S. by increasing transparency and reducing delays in the preconstruction permitting process, according to the Energy & Commerce Committee.

EU Customers Pay Double U.S. Rates for Electricity

With their residential electricity prices climbing 43% from 2006 to 2013, European citizens are paying through the nose for electricity, especially when compared to U.S. residential electricity prices, which have climbed just 17% in the same time period. Average residential electricity prices in Europe are more than double prices in the U.S. “Regulatory structures—including taxes and other user fees, investment