Active

The 2010 Atlantic hurricane season will be more active than last year’s, according to Andover, MA-based WSI Corp., which is predicting that 13 named storms, including seven hurricanes, with three of them intense (Category Three or greater) will form this year.

The 2010 Atlantic hurricane season will be more active than last year’s, according to Andover, MA-based WSI Corp., which is predicting that 13 named storms, including seven hurricanes, with three of them intense (Category Three or greater) will form this year.

The 2010 Atlantic hurricane season will be more active than last year’s, according to Andover, MA-based WSI Corp., which is predicting that 13 named storms, including seven hurricanes, with three of them intense (Category Three or greater) will form this year.

Natural gas futures took advantage of a supportive inventory report and worked higher Thursday in active inventory report-driven trading. The Energy Information Administration reported that 245 Bcf was drawn from storage for the week ended Jan. 15, somewhat more than estimates in the 215-230 Bcf range. At the close February futures rose 11.9 cents to $5.615 and March gained 10.1 cents to $5.568. March crude oil fell $1.66 to $76.08/bbl.

While the two partners stayed mum, active solicitation of potential buyers by investment bank Lazard Ltd. has stirred speculation that an announcement is coming soon on the European Commission-mandated sale of the Royal Bank of Scotland’s (RBS) 51% stake in a joint venture commodities trading operation with San Diego-based Sempra Energy. The U.S. energy holding company has made clear that it wants to remain in the highly lucrative trading space.

While the two partners stayed mum, active solicitation of potential buyers by investment bank Lazard Ltd. has stirred speculation that an announcement is coming soon on the European Commission-mandated sale of the Royal Bank of Scotland’s (RBS) 51% stake in a joint venture commodities trading operation with San Diego-based Sempra Energy. The U.S. energy holding company has made clear that it wants to remain in the highly lucrative trading space.

While the two partners are staying mum, active solicitation of potential buyers by an investment bank has stirred speculation that an announcement is coming soon on the European Commission-mandated sale of the Royal Bank of Scotland’s (RBS) 51% stake in a joint venture commodities trading operation with San Diego-based Sempra Energy. The U.S. energy holding company has made clear that it wants to remain in the highly lucrative trading space.

Chevron Corp. plans to pull down all of its active natural gas land rigs operating in the Lower 48 states by the end of the year, the company’s exploration chief said Friday.

Chevron Corp. plans to pull down all of its active natural gas land rigs operating in the Lower 48 states by the end of the year, the company’s exploration chief said Friday.