Coralconnect.com, Coral Energy’s e-business web site, jumpedinto the online energy trading fray yesterday when it announced anexpansion of its services to include the buying and selling ofcertain gas contracts.
Arena
Articles from Arena
Web Alliance Lifts GA Marketer into Arena
Marking its initial promotion to capture some of the residentialgas market in Georgia, Southeastern States Energy, Inc. (SSE)announced a partnership with PowerTrust.com, an Internet-basedpower services company, to offer customers the ability to sign withSSE through the PowerTrust.com web site. Although the GeorgiaPublic Service Commission (GPSC) will decide market share for thestate’s suppliers on Aug. 11, Beth Perry Sewell, president of SSE,said there is still time to be successful in the Georgia market.
Coral, Aided by Shell, Dives into LNG Market
Coral Energy jumped head first into a new arena last Friday withits 2.8 Bcf purchase of liquefied natural gas (LNG) from MalaysiaLNG Sdn. Bhd. The shipment will be delivered to CMS’ Lake Charles,LA, LNG import facility later this month. Terms of the transactionwere not released.
Coral Dives into LNG Market
Coral Energy jumped head first into a new arena last Friday withits purchase of 2.8 Bcf of liquefied natural gas (LNG) fromMalaysia LNG Sdn. Bhd. The shipment will be delivered to CMS’ LakeCharles, LA, LNG import facility later this month. Terms of thetransaction were not released.
El Paso Picks Up En Cap Investment Firm
El Paso Field Services entered the energy project financingarena with last week’s purchase of En Cap Investment Co. for $52million in cash and stock. Robert Phillips, El Paso Field Services’president, said all regulatory issues have been settled and thedeal will be accretive to El Paso’s earnings beginning April 1.
El Paso Expands Services by Buying En Cap
El Paso Field Services entered the energy project financingarena with Wednesday’s purchase of En Cap Investment Co. for $52million in cash and stock. Robert Phillips, El Paso Field Services’president, said all regulatory issues have been settled and thedeal will be accretive to El Paso’s earnings beginning April 1.
Timid Futures Show Slight Drop
Here today; gone tomorrow was the prevailing mentality in thefutures arena yesterday when the coldest temperatures of the yearwere more than offset by forecasts calling for a warm-up by earlynext week. And as has been the case for most of the month, it wascash prices that not only led the way for the futures market, butalso notched a larger change on the day-where the January contracttrickled down, 2.2 cents to settle at $1.925, cash prices sank by adime on many pipes.
Technical Rally Gets Boost from Storage
Expectations often differ from what actually comes to fruitionin the volatile arena of natural gas futures, and yesterday thatpoint was driven home when a bullish combination of slow-to-resumesupply outages met with a smaller-than-expected storage refill.Traders chased the market higher most of the day, and advances inthe evening computer trading Access session nearly matched theregular pit-trading gains. The November contract received thelargest boost, rocketing 16.8 cents to post a final trade of $2.515last night after briefly settling at $2.433 earlier in the day.