The Alaska Department of Natural Resources’ (DNR) Division of Oil and Gas is soliciting proposals for a contractor or contractors to assist DNR in characterizing and developing alternatives to advance a North Slope liquefied natural gas (LNG) project. The study is intended to help the state stay abreast of risks and opportunities of the project and how they are influenced by world events. DNR said it hopes to gain an understanding of how its policies toward the disposition of its royalty share of North Slope natural gas may contribute to the success of the project. DNR said it anticipates that the contractor(s) will assemble a team of experts with various appropriate backgrounds. A pre-proposal conference will be held at 1:30 p.m. local time on Tuesday, May 17 in the offices of the Division of Oil and Gas in Anchorage. Prospective contractors are encouraged to attend in person or make prior arrangements to call via teleconference by contacting Marlys Hagen at (907) 269-8666. Proposals must be received by May 20 at the DNR offices.
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Wyoming Eyes Baseline Water Tests for Drillers
Wyoming Gov. Matt Mead is considering a pre-drilling water testing requirement for oil and natural gas operators in the state.
Sempra LNG CEO: Time Will Tell How the Shale Story Plays Out
Characterizing the rapid rise of shale gas as a surprise to the entire industry, Sempra Energy’s top executive heading its liquefied natural gas (LNG) operations cautioned that the industry’s current game-changer needs to be viewed from both global and historical perspectives. Darcel Hulse, Sempra LNG CEO, told NGI that the whole shale gas story still needs to play out.
Sempra Exec: View Shale from Global Gas Perspective
Characterizing the rapid rise in shale gas as a surprise to the entire industry, Sempra Energy’s top executive heading its liquefied natural gas (LNG) operations cautioned that the industry’s current game-changer needs to be viewed from both global and historical perspectives. Darcel Hulse, Sempra LNG CEO, told NGI’s Shale Daily that the whole shale gas story still needs to play out.
Sempra Trading Head Sees Steady Revenues, Profits Next 3 Years
Characterizing his energy trading unit as having “tremendous liquidity and highly ample capital,” the head of Sempra Energy Commodities told a financial analysts meeting late in March that he sees the environment for trading remaining mostly unchanged through 2009 with annual profits in the $350-450 million range. David Messer spoke at an analysts’ meeting hosted by Sempra in San Diego March 29.
Sempra Trading Head Sees Steady Revenues, Profits for Next Three Years
Characterizing his energy trading unit as having “tremendous liquidity and highly ample capital,” the head of Sempra Energy Commodities said he sees the environment for trading remaining mostly unchanged through 2009 with annual profits in the $350-450 million range. David Messer spoke at a financial analysts meeting hosted by Sempra in San Diego Thursday.
Former PG&E Merchant Unit Criticized for Bad Market Decisions
While characterizing the Pacific Gas and Electric Co. three-year Chapter 11 bankruptcy process as a “political choice” made by a solvent company, a PG&E Corp. executive last Monday chastised the former PG&E merchant energy unit for making a lot of bad market decisions.
Former PG&E Merchant Unit Criticized for ‘Bad Choices’
While characterizing the Pacific Gas and Electric Co. three-year Chapter 11 bankruptcy process as a “political choice” made by a solvent company, a PG&E Corp. executive Monday chastised the former PG&E merchant energy unit for making a lot of bad market decisions.
Chesapeake Energy Will Buy $500 Million Of El Paso’s Mid-Continent Reserves
Characterizing itself as “prospect-rich in a prospect-poor industry,” Chesapeake Energy Corp. of Oklahoma City lined up more of those prospects Monday with an agreement to acquire $530 million of Mid-Continent natural gas assets in two transactions with the bulk of the assets in a western Oklahoma package from El Paso Corp. and the rest from Vintage Petroleum Inc.
Chesapeake Energy Will Buy $500 Million Of El Paso’s Mid-Continent Reserves
Characterizing itself as “prospect-rich in a prospect-poor industry,” Chesapeake Energy Corp. of Oklahoma City lined up more of those prospects Monday with an agreement to acquire $530 million of Mid-Continent natural gas assets in two transactions with the bulk of the assets in a western Oklahoma package from El Paso Corp. and the rest from Vintage Petroleum Inc.
