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2004

Under Fire, EIA Takes Public Comment on Storage Revision Policy

Stung by criticism of a revision made in its weekly gas storage report last week, the Energy Information Administration (EIA) said Wednesday that it will publish a notice in the Federal Register in January soliciting public comment on its storage data revision policy. The agency also said it is taking a number of other actions to assure the quality of weekly natural gas storage data.

December 9, 2004

Report Acknowledges Arctic Climate Changes Could Expand Oil, Gas Resources

Average temperature in the Arctic have risen at almost twice the rate as the rest of the world in the past few decades, according to the latest Arctic Climate Impact Assessment (ACIA). Most of the environmental and societal impacts would be considered negative, but the independent group acknowledged that reduced sea ice likely would increase marine access and expand offshore oil and natural gas extraction.

December 6, 2004

EIA to Begin New Monthly Gas Production Survey in January

The Energy Information Administration (EIA) is expecting its new monthly natural gas production survey, which will begin in January with the first release of data at the end of April, to fill a substantial need in the gas market, potentially rivaling its weekly gas storage report in importance, according to John Wood, director of reserves and production in the EIA’s Dallas office.

December 6, 2004

Preliminary Decision Aims to Keep Sage Grouse Off of Endangered List

Following news that biologists at the U.S. Fish & Wildlife Service are recommending a “not warranted” for protection listing for the greater sage grouse, it appears that natural gas producers might be able to breathe a little easier about their activities in the West. An alliance group fighting to keep the bird off of the Endangered Species Act (ESA) protection list labeled the decision — if it becomes final — as “the biggest win the West has seen in decades.”

December 6, 2004

Report Acknowledges Arctic Climate Changes Could Expand Oil, Gas Resources

Average temperature in the Arctic have risen at almost twice the rate as the rest of the world in the past few decades, according to the latest Arctic Climate Impact Assessment (ACIA). Most of the environmental and societal impacts would be considered negative, but the independent group acknowledged that reduced sea ice likely would increase marine access and expand offshore oil and natural gas extraction.

December 6, 2004

Preliminary Decision Aims to Keep Sage Grouse Off of Endangered List

Following news that biologists at the U.S. Fish & Wildlife Service are recommending a “not warranted” for protection listing for the greater sage grouse, it appears that natural gas producers might be able to breathe a little easier about their activities in the West. An alliance group fighting to keep the bird off of the Endangered Species Act (ESA) protection list labeled the decision — if it becomes final — as “the biggest win the West has seen in decades.”

December 6, 2004

AGL Resources to Buy NUI Assets in $691 Million Deal

Atlanta-based AGL Resources announced Thursday it would be expanding its East Coast footprint, taking on the natural gas assets of financially and legally devastated NUI Corp. in a merger agreement valued at about $691 million, consisting of $220 million in cash and the rest in debt assumption.

December 1, 2004

Tighter Emission Rules Expected to Shift Utility Strategies, Investment

Stringent new state, regional and federal air emissions requirements will force “significant” shifts in utility strategies and coal distribution patterns, and they will require utility investments of up to $64 billion to achieve large reductions in sulfur dioxide (SO2), nitrogen oxides (NOx) and mercury emissions by 2020, according to a study by Cambridge Energy Research Associates (CERA).

November 29, 2004

El Paso Posts 2Q Profit, Discloses Investigation in Iraqi Oil Sales

Boosted by stronger results in its regulated business units, El Paso Corp. reported Tuesday that it recorded a profit in 2Q2004. With Securities and Exchange Commission (SEC) approval, El Paso filed the quarterly statement late to reconcile prior income statements between 2001 and 2003.

November 29, 2004

El Paso Posts 2Q Profit, Discloses Investigation in Iraqi Oil Sales

Boosted by stronger results in its regulated business units, El Paso Corp. reported Tuesday that it recorded a profit in 2Q2004. With Securities and Exchange Commission (SEC) approval, El Paso filed the quarterly statement late to reconcile prior income statements between 2001 and 2003.

November 29, 2004
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