Cite

As BP plc was expected to cut its dividend, shares in the company continued their downward slide Wednesday. While BP continued to cite its large cash reserves and viability, some analysts were speculating that the company would declare bankruptcy.

April natural gas futures declined in active inventory-report driven trading Thursday. Short-term traders were quick to cite the end of winter as the near-term market driver and discounted the release of inventory data by the Energy Information Administration (EIA). Longer term, analysts suggest that the market has limited downside potential. At the close April futures fell 9.2 cents to $4.767 and May slid 9.6 cents to $4.831. April crude oil shed $1.83 to $78.17/bbl.

April natural gas futures declined in active inventory-report driven trading Thursday. Short-term traders were quick to cite the end of winter as the near-term market driver and discounted the release of inventory data by the Energy Information Administration (EIA). Longer term, analysts suggest that the market has limited downside potential. At the close April futures fell 9.2 cents to $4.767 and May slid 9.6 cents to $4.831. April crude oil shed $1.83 to $78.17/bbl.

The U.S. Supreme Court on Monday agreed to decide a boundary dispute brought by New Jersey against Delaware over BP’s plans to cite a 1.2 Bcf/d liquefied natural gas (LNG) import terminal on the New Jersey side of the Delaware River in Logan Township, Gloucester County (see Daily GPI, Aug. 4).

A handful of prevention and mitigative strategies would limit the exposure of other liquefied natural gas (LNG) facilities to the “cascading events” that caused the deadly explosion at the LNG complex in Skikda, Algeria earlier this year, according to a joint report by the Department of Energy (DOE) and Federal Energy Regulatory Commission.

A handful of prevention and mitigative strategies would limit the exposure of other liquefied natural gas (LNG) facilities to the “cascading events” that caused the deadly explosion at the LNG complex in Skikda, Algeria earlier this year, according to a joint report by the Department of Energy (DOE) and Federal Energy Regulatory Commission.

Regulatory uncertainty, system reliability and aging physical infrastructure are the three most critical issues facing the electric power industry, but they will be difficult to fix unless they are solved simultaneously, according to a new survey of utility company executives.

Competitive natural gas supplies are widely available and widely used by large customers, including electric generators, industrials and commercial companies, according to two studies issued last Wednesday by the American Gas Association (AGA).

The Federal Energy Regulatory Commission should require “all sellers of natural gas,” not just a few select industry sectors, to adhere to the agency’s proposed code of conduct aimed at curbing manipulative behavior and transactions in gas markets, the American Gas Association (AGA) said last week.