Acknowledges

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.

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.

In a move that acknowledges its value to the company, Williams on Friday announced it will create a third business unit with its energy marketing and trading organizations, joining the company’s entrenched energy services and gas pipeline business segments. Marketing and trading had been part of the Tulsa company’s energy services group, and the change “should allow the investment community a better view of this segment of our company,” said Williams new President Steven J. Malcolm.

Prices fell by amounts ranging from about a nickel to 20 cents in Friday’s trading. Most eastern declines were a dime or less, while drops in the teens tended to be concentrated in the West. The softening brought numbers at many eastern points back to the vicinity of first-of-month indexes; western prices, which never got back near indexes during last week’s moderate firmness Tuesday through Thursday, just fell further behind.