Legislation that would open leasing to oil and gas companies on all property owned by the state government — including state parks — is advancing through the Ohio General Assembly and is expected to pass.
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BC Development Apparently Bomb-Proof
As a flurry of well site bombings by still-unknown protesters in 2008 and 2009 fades into history, plans are advancing to accelerate natural gas development near the Dawson Creek starting point of the Alaska Highway in northeastern British Columbia (BC).
Bomber Didn’t Thwart BC Development
As a flurry of well site bombings by still-unknown protesters in 2008 and 2009 fades into history, plans are advancing to accelerate natural gas development near the Dawson Creek starting point of the Alaska Highway in northeastern British Columbia (BC).
All-Points Weekend Drops End Extended Rally
The market faltered at the finish line of trying to achieve a full week of advancing prices at essentially all points. In spite of rising weekend temperatures in the Midwest, the previous day’s dive of 29.9 cents by September futures following a report of an above-expectations storage injection was able to induce double-digit declines at all but one point Friday. The typical weekend fallback of industrial load was an additional, albeit minor, bearish factor.
Cold Forecasts, Screen Boost Nearly All Points
Retreats by three New England citygates were the only exceptions to advancing spot prices Friday. The continuation of frigid weather into the weekend in several market areas or the impending return of it after a brief period of moderation, along with the spike of nearly 40 cents by March futures the day before, were chiefly responsible for the cash market strength.
Budget: NatGas Out; SPR, Nukes, Coal, Renewables In
While infusing new funds for filling the Strategic Petroleum Reserve (SPR) and advancing nuclear, clean coal and renewable fuels, the Bush Administration made no apologies for cutting all oil and natural gas research and development dollars out of its fiscal 2008 energy budget request. Also dropped was funding for the office of a federal coordinator for the long-stalled Alaska natural gas pipeline project.
Energy Dollars Go to Clean Coal, New Nuclear Plants, Renewables, SPR
While infusing new funds for filling the Strategic Petroleum Reserve (SPR) and advancing nuclear, clean coal and renewable fuels, the Bush Administration made no apologies for cutting all oil and natural gas research and development dollars out of its fiscal 2008 energy budget request. “This president has never been in favor of subsidies for the oil and gas industry,” Energy Secretary Samuel Bodman told a budget briefing Monday.
Northeast, Midwest Power Markets Seen Advancing
Irrespective of what happens to FERC’s controversial standard market design (SMD) for U.S. wholesale power markets, at least two market participants believe that power markets in the Midwest and Northeast will continue marching forward.
Reliant Files ‘In-Kind’ Balancing Plan
Advancing its reputation as one of the more innovative pipelinesin the industry when it comes to rate making, Reliant Energy GasTransmission (REGT) submitted a rate filing with FERC that willgive customers an ‘in-kind’ balancing option. The plan is part ofto its Automatic Nomination Service (ANS), a ‘just-in-time’ supplymanagement service.
Reliant Files ‘In-Kind’ Balancing Plan
Advancing its reputation as one of the more innovative pipelinesin the industry when it comes to ratemaking, Reliant Energy GasTransmission (REGT) submitted a rate filing with FERC that willgive customers an ‘in-kind’ balancing option. The plan is part ofto its Automatic Nomination Service (ANS), a ‘just-in-time’ supplymanagement service.