After weeks of blown storage report estimates that called for larger withdrawals than were actually revealed (see Daily GPI, Jan. 7), most of the energy industry was on target on Thursday as the Energy Information Administration (EIA) reported that 153 Bcf was removed from underground storage for the week ending Jan. 1.
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Would BP Want All of Chesapeake — or Just a Bit More?
Could London’s BP plc actually be interested in taking over Chesapeake Energy Corp.? Rumors persisted last week that the major might have a deal in the works to buy the natural gas producer, but financial analysts said a buyout was unlikely considering the size of Chesapeake and BP’s decision last year to trim its sails.
BP’s CEO Says Market Turmoil Creates Opportunities
BP plc is making good on its promises to improve performance, and the financial market turmoil actually has created new opportunities, the CEO said last week. The London-based producer was buoyed after reporting a better-than-expected 83% jump in quarterly net profit.
Transportation Notes
Florida Gas Transmission followed up on a Tuesday warning of a potential Overage Alert Day by actually issuing one Wednesday, citing forecasts of 90-degree weather in its Florida market area. The tolerance for negative daily imbalances was set at 25%.
BLM Says New Pinedale Wells May Increase Pollution
The Bureau of Land Management (BLM) proposal to allow more natural gas drilling in Wyoming’s Pinedale Anticline actually would create more air pollution than would be permitted under recently announced federal air quality standards, according to the federal agency’s internal projections.
BLM Model: New Gas Wells in Pinedale to Create More Pollution
The Bureau of Land Management (BLM) proposal to allow more natural gas drilling in Wyoming’s Pinedale Anticline actually would create more air pollution than would be permitted under recently announced federal air quality standards, according to BLM’s internal projections.
StatoilHydro Says First European LNG Shipment Reaches U.S. Soil
As the debate surrounding just how much liquefied natural gas (LNG) will actually find its way to U.S. shores continues, a historic delivery of LNG from the Norwegian continental shelf arrived in the United States on Thursday, according to StatoilHydro. The shipment of Snohvit LNG marks the first delivery of gas from Europe to the world’s largest energy market.
StatoilHydro Says First European LNG Shipment Reaches U.S. Soil
As the debate surrounding just how much liquefied natural gas (LNG) will actually find its way to U.S. shores continues, a historic delivery of LNG from the Norwegian continental shelf arrived in the United States last Thursday, according to StatoilHydro. The shipment of Snohvit LNG marks the first delivery of gas from Europe to the world’s largest energy market.
Gas Marketers’ Mantra: Be Reliable
The North American natural gas marketers that consistently have led NGI’s quarterly sales surveys appear to have one belief in common: be reliable.
Gas Marketers’ Mantra: Be Reliable
The North American natural gas marketers that consistently have led NGI’s quarterly sales surveys appear to have one belief in common: be reliable.