Compared

Royal Dutch Shell Co. expects to restore about 60% of its total upstream production to pre-Hurricane Katrina levels during the fourth quarter, or 270,000 boe/d compared to 450,000 boe/d, but warned remaining Gulf of Mexico oil and natural gas production, mainly from its prolific Mars platform, related Ursa unit and the Mensa and Cognac developments, “may not be feasible during the fourth quarter, depending on options available for recovery.” Shell’s output now stands at 160,000 boe/d.

Don’t be fooled by the 269 Bcf (26%) gas storage surplus compared to the five-year average of working gas levels, analysts at Raymond James & Associates warned in an equity research note last week. The gas market is tighter than those numbers would suggest, and “weather-disguised tightness should begin to show up soon.”

Don’t be fooled by the 227 Bcf (22%) gas storage surplus compared to the five-year average of working gas levels, analysts at Raymond James & Associates warned in an equity research note on Monday. The gas market is tighter than those numbers would suggest and the “weather-disguised tightness should begin to show up soon.”

Dallas-based independent Pioneer Natural Resources Co. beat 4Q2004 Wall Street forecasts on higher oil and natural gas prices, and earnings jumped 78% compared with a year ago.

Dallas-based independent Pioneer Natural Resources Co. beat 4Q2004 Wall Street forecasts on higher oil and natural gas prices, and earnings jumped 78% compared with a year ago.

Although they are small operators compared to the principal project proponents dotting the liquefied natural gas (LNG) landscape, a quartet of privately financed veteran energy industry players indicated they have land and infrastructure interconnections well established for their run at siting a small LNG receiving terminal on the only harbor along Oregon’s rugged Pacific Coast.

Shell Canada said Thursday that it will boost its capital and exploration spending next year by 60% to $1.8 billion compared to 2004 levels. CEO Clive Mather said increases would be made in both upstream and downstream spending to take advantage of growth opportunities.

Shell Canada said Thursday that it will boost its capital and exploration spending next year by 60% to $1.8 billion compared to 2004 levels. CEO Clive Mather said increases would be made in both upstream and downstream spending to take advantage of growth opportunities.

The amount of Gulf of Mexico gas production shut in due to damage from Hurricane Ivan dropped sharply last week to about 742 MMcf/d on Friday from 1.2 Bcf/d a week earlier. However, Southern Natural Gas reported Thursday that pipeline replacement work at Main Pass 298 will leave about 240 MMcf/d shut in for six to 12 months.