Centrica is dangling a big carrot in front of liquefied natural gas (LNG) suppliers: its top market position in the U.S. and UK retail energy markets. Mike Hogan, senior vice president of upstream gas and power for Centrica subsidiary Direct Energy, said the company is actively seeking substantial new gas and power supply arrangements, including a stake in the LNG business, because of its rapid retail demand growth.
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Direct Energy Offers Chunk of Retail Market in Exchange for Piece of LNG Value Chain
Centrica is dangling a big carrot in front of liquefied natural gas (LNG) suppliers: its top market position in the U.S. and UK retail energy markets. Mike Hogan, senior vice president of upstream gas and power for Centrica subsidiary Direct Energy, said the company is actively seeking substantial new gas and power supply arrangements, including a stake in the LNG business, because of its rapid retail demand growth.
MMS Offers Carrot to Encourage More GOM Deep Gas Production
The Interior Department on Wednesday proposed new incentives for energy companies to increase deep natural gas production in the Gulf of Mexico (GOM), which, among other things, would provide royalty suspension incentives for nearly 2,400 existing leases in the area targeted for relief.
MMS Offers Carrot to Encourage More GOM Deep Gas Production
The Interior Department on Wednesday proposed new incentives for energy companies to increase deep natural gas production in the Gulf of Mexico (GOM), which, among other things, would provide royalty suspension incentives for nearly 2,400 existing leases in the area targeted for relief.
MMS Offers Carrot to Encourage More GOM Deep Gas Production
The Interior Department on Wednesday proposed new incentives for energy companies to increase deep natural gas production in the Gulf of Mexico (GOM), which, among other things, would provide royalty suspension incentives for nearly 2,400 existing leases in the area targeted for relief.
CA Firm in Talks for $150M E&P with International Firm
While still holding out the carrot of a possible 40-well, 3 Tcf natural gas play in the agricultural fields west of the central California valley town of Delano, Tri-Valley Corp. of Bakersfield announced that it has a letter of intent to sign a deal with an unnamed, privately held international energy company that wants to develop the prospective gas field in conjunction with building a baseload merchant electric generating plant. Tri-Valley called the field its Sunrise Natural Gas Project.
CA Firm in Talks for $150M E&P with International Firm
While still holding out the carrot of a possible 40-well, 3 Tcf natural gas play in the agricultural fields west of the central California valley town of Delano, Tri-Valley Corp. of Bakersfield announced Wednesday that it has a letter of intent to sign a deal with an unnamed, privately held international energy company that wants to develop the prospective gas field in conjunction with building a baseload merchant electric generating plant. Tri-Valley called the field its Sunrise Natural Gas Project.
CA Governor Files State Power Plan with FERC
Showing a carrot, but keeping a “stick” in reserve, CaliforniaGov. Gray Davis Friday outlined for federal regulators steps hewill pursue to fix the state’s ailing wholesale electricity market,stopping short of proposing a state takeover, but hinting he willgo further if federal measures fall short.
CA Governor Files State Power Plan with FERC
Showing a carrot, but keeping a “stick” in reserve, CaliforniaGov. Gray Davis Friday outlined for federal regulators steps hewill pursue to fix the state’s ailing wholesale electricity market,stopping short of proposing a state takeover but hinting he will gofurther if federal measures fall short.
Gas-Hungry NC Waving $200M Enticement
Hungry for gas service in its northeastern region, NorthCarolina is dangling a $200 million carrot before the industry inthe hope of attracting new infrastructure development. Theenticement has attracted the attention of Williams GasPipeline-Transco and six others who recently filed to express theirinterest to the North Carolina Utilities Commission.