Charting

Despite charting a net loss for the third quarter, management of contract drilling services provider Patterson-UTI Energy Inc. sees the industry turning a corner as more of its rigs are turning to the right.

Despite charting a net loss for the third quarter, management of contract drilling services provider Patterson-UTI Energy Inc. sees the industry turning a corner as more of its rigs are turning to the right.

While not shying away from active trading, independent generation and merchant natural gas pipeline/storage plays, Sempra Energy is charting a course led by its two sizable California utilities, CEO Don Felsinger told financial analysts last week at a company meeting in New York City.

After half a century as the mainstay of natural gas transportation across Canada, TransCanada PipeLines Ltd. is charting a new course — out to sea, where it aims to launch an armada to serve offshore production projects.

After half a century as the mainstay of natural gas transportation across Canada, TransCanada PipeLines Ltd. is charting a new course — out to sea, where it aims to launch an armada to serve offshore production projects.

The “unbalanced state” of the natural gas market with demandexceeding supply has caused PaineWebber analyst Ronald Barone toraise his average gas price projections by 15 cents for this yearand 10 cents next year over previous predictions, and warn ofpossible severe price spikes throughout the balance of this year.