Competition

Coming down hard on a few of the state’s natural gas marketers on allegations that they violated the Natural Gas Competition and Deregulation Act and the Natural Gas Consumers’ Relief Act, the Georgia Public Service Commission (PSC) has reached a settlement with Georgia Natural Gas (GNG), but will hold hearings this spring related to SCANA Energy after the marketer rejected the commission’s proposed settlement.

Coming down hard on a few of the state’s natural gas marketers on allegations that they violated the Natural Gas Competition and Deregulation Act and the Natural Gas Consumers’ Relief Act, the Georgia Public Service Commission (PSC) has reached a settlement with Georgia Natural Gas (GNG), but will hold hearings this spring related to SCANA Energy after the marketer rejected the commission’s proposed settlement, it said Thursday.

Access to oil and natural gas resources has become “extremely difficult,” and where there is access to resources, there is intense competition, ConocoPhillips’ upstream chief said Thursday.

Access to oil and natural gas resources has become “extremely” difficult,” and where there is access to resources, there is intense competition, ConocoPhillips’ upstream chief said Thursday.

As it remains ambivalent about importing new liquefied natural gas (LNG) supplies, California faces increased competition from other parts of the nation in obtaining adequate future gas supplies and it can expect the prices to be higher in years to come. That is one of the key conclusions in the latest draft of the California Energy Commission’s (CEC) 2007 Integrated Energy Policy Report (IEPR), which was recently released for public review.

As it remains ambivalent about importing new liquefied natural gas (LNG) supplies, California faces increased competition from other parts of the nation in obtaining adequate future gas supplies and it can expect the prices to be higher in years to come. That is one of the key conclusions in the latest draft of the California Energy Commission’s (CEC) 2007 Integrated Energy Policy Report (IEPR), which was recently released for public review.

After months of competition, wrangling and revised merger proposals, Chicago Mercantile Exchange Holdings Inc., parent of the 109-year-old Chicago Mercantile Exchange (CME), and CBOT Holdings Inc., parent of the 159-year-old Chicago Board of Trade (CBOT), announced last week that shareholders of both companies have approved their proposed merger and the transaction is complete. The companies said the merger has made the combined company the world’s largest and most diverse exchange, providing products in all major benchmark asset classes.

After months of competition, wrangling and revised merger proposals, Chicago Mercantile Exchange Holdings Inc., parent of the 109-year-old Chicago Mercantile Exchange (CME), and CBOT Holdings Inc., parent of the 159-year-old Chicago Board of Trade (CBOT), announced Monday that preliminary results indicate the shareholders of both companies have approved their proposed merger and the transaction could be completed in days. The companies said the merger will form the world’s largest and most diverse exchange, providing products in all major benchmark asset classes.

The latest entrant in the competition to site a liquefied natural gas (LNG) receiving terminal in Oregon has big plans and a five-year timetable for siting a tolling facility at the mouth of the Columbia River with potential sources of LNG being literally worldwide, according to one of the two principal executives running Oregon LNG, Mohammed Alrai, senior vice president, who spoke to NGI last Friday.