Atlantic

Atlantic-based IntercontinentalExchange (ICE) said late Wednesday that it plans to conduct an initial public offering of its common stock. It plans to file a registration statement with Securities and Exchange Commission in the next several weeks. ICE operates an online exchange for trading natural gas, crude oil and power futures and over-the-counter energy products. ICE conducts its markets for futures trading through its subsidiary, London-based International Petroleum Exchange (IPE), Europe’s leading energy futures and options exchange. ICE also announced its 2004 financial results on Wednesday, reporting revenues of $108.4 million and consolidated net income of $22 million. Consolidated cash flow from operations was $40.3 million. Capital expenditures and capitalized software in 2004 totaled $6.5 million. For 2004, volume traded on ICE’s futures subsidiary, the International Petroleum Exchange (IPE), reached 35.5 million contracts. Electronically traded IPE Brent volume increased from 2.8% of total contract volume in January 2004 to 27.2% of total contract volume in December 2004. For more information, go to www.theinterchange.com.

Asian demand will fuel liquefied natural gas (LNG) growth in this decade, but in the long run, the Atlantic basin, particularly the United States, will witness the greatest growth, according to a new Industry Outlook report by Moody’s Investors Service.

Asian demand will fuel liquefied natural gas (LNG) growth in this decade, but in the long run, the Atlantic basin, particularly the United States, will witness the greatest growth, according to a new Industry Outlook report by Moody’s Investors Service.

Asian demand will fuel liquefied natural gas (LNG) growth in this decade, but in the long run, the Atlantic basin, particularly the United States, will witness the greatest growth, according to a new Industry Outlook report by Moody’s Investors Service.

It hadn’t reached the southern tier of states or Mid-Atlantic quite yet, but wintry conditions or a reasonable facsimile dominated the weather picture Wednesday and forecasts for the next few days in the rest of the U.S. and Canada. The cash market responded with major gains that were as small as 15-30 cents in most of the West but hit 35-70 cents or so throughout the East.

TransCanada and ConocoPhillips have teamed up on a proposed liquefied natural gas (LNG) import terminal that would be located on the Atlantic Coast of Maine at a site previously used as a U.S. Navy fuel depot about 15 miles northeast of Portland.

Hurricane Isabel left her calling card up and down the Mid-Atlantic and Southeastern parts of the U.S. on Thursday in the form of massive power outages, with 5.5 million businesses and homes estimated to have had their juice cut off as a result of the massive storm. Columbia Gas Transmission Corp. gave shippers advance notice Friday that it may have to call an operational flow order (OFO) because markets in southeastern Virginia were taking gas at abnormally low levels because of the power outages.

TransCanada and ConocoPhillips have teamed up on a proposed liquefied natural gas (LNG) import terminal that would be located on the Atlantic Coast of Maine at a site previously used as a U.S. Navy fuel depot about 15 miles northeast of Portland.

Hurricane Isabel left her calling card up and down the Mid-Atlantic and Southeastern parts of the U.S. on Thursday in the form of massive power outages, with 5.5 million businesses and homes estimated to have had their juice cut off as a result of the massive storm. Columbia Gas Transmission Corp. gave shippers advance notice Friday that it may have to call an operational flow order (OFO) because markets in southeastern Virginia were taking gas at abnormally low levels because of the power outages.