2011

Chevron Corp. said Tuesday it will reduce its workforce by 2,000 this year and cut the staff further in 2011 as part of an announced restructuring that will focus more on upstream operations and less on refining and marketing.

Anadarko Petroleum Corp. is “cautiously optimistic” about natural gas prices, but drilling activity will be managed by following cash prices and reacting to what’s happening in the “real market” before spending more than cash flow, CEO Jim Hackett said Tuesday.

California looks to spend another $100 million in 2010-2011 under a mandate from a 2007 state law (AB 118) to help reduce gasoline-powered transportation in favor of renewables and alternatives such as natural gas-powered transportation. The California Energy Commission (CEC) has formally begun the process of writing a 2010-11 investment plan for the state’s Alternative and Renewable Fuel and Vehicle Technology Program.

North American natural gas prices are expected to “remain quite low” through the end of 2009, but EOG Resources Inc. is even more bullish about 2010 and 2011 than it was earlier this year, CEO Mark Papa said Friday.

Ingleside Energy Center LLC and San Patricio Pipeline LLC Thursday asked FERC for an extension until April 30, 2011 to complete construction on a liquefied natural gas (LNG) terminal in Texas and its associated pipeline.

Ingleside Energy Center LLC and San Patricio Pipeline LLC last Thursday asked FERC for an extension until April 30, 2011 to complete construction on a liquefied natural gas (LNG) terminal in Texas and its associated pipeline.

Natural gas production in the Gulf of Mexico (GOM), which is expected to hit 8.3 Bcf/d this year, could surpass 9 Bcf/d in 2011 and remain above that level throughout much of the decade if activity in the deepwater continues at a strong pace, the Minerals Management Service (MMS) said in a report released last Tuesday.

Natural gas production in the Gulf of Mexico (GOM), which is likely to hit 8.3 Bcf/d this year, could surpass 9 Bcf/d in 2011 and remain above that level throughout much of the decade if activity in the deepwater continues at a strong pace, the Minerals Management Service (MMS) said in a report released Tuesday.

There should be a comfortable natural gas supply and demand balance through 2011 in the Pacific Northwest, according to the latest consensus regional outlook published by the Northwest Gas Association, a trade organization of nine major interstate pipelines and distribution utilities in Idaho, Oregon, Washington and British Columbia.