Competition

Increasing liquefied natural gas (LNG) imports are “not really your biggest risk” over the next few years, an energy analyst told Rocky Mountain producers last Tuesday, rather it is the $5-6/Mcf price environment that could further erode demand in the industrial and power generation sectors.

Increasing liquefied natural gas (LNG) imports are “not really your biggest risk” over the next few years, an energy analyst told Rocky Mountain producers Monday, rather it is the $5-6/Mcf price environment that could further erode demand in the industrial and power generation sectors.

Just in case you’re worried about competition in the area of electronic trading services and financial products — don’t.

Just in case you’re worried about competition in the area of electronic energy trading services and financial products — don’t.

Amerada Hess, BHP Billiton, Stone Energy, Pogo Producing and Tana Exploration were the top five companies based on total amount of high bids in the Minerals Management Service’s Central Gulf Lease Sale 190. The agency said 83 companies submitted $368.8 million in high bids, which was a 17% increase compared to Central Gulf Lease Sale 185 just last year. The total of all bids was $636.8 million.

Amerada Hess, BHP Billiton, Stone Energy, Pogo Producing and Tana Exploration were the top five companies based on total amount of high bids in the Minerals Management Service’s Central Gulf Lease Sale 190. The agency said 83 companies submitted $368.8 million in high bids, which was a 17% increase compared to Central Gulf Lease Sale 185 just last year. The total of all bids was $636.8 million.

There may be a U.S.-European battle brewing over spot liquefied natural gas (LNG) cargoes, according to Southwest Securities analysts. There’s a limit on spot LNG and in order to continue attracting this limited supply, gas prices in the United States will have to stay above $4.50 through 2007 and maintain a positive Nymex-International Petroleum Exchange (IPE) gas futures basis differential.

There may be a U.S.-European battle brewing over spot liquefied natural gas (LNG) cargoes, according to Southwest Securities analysts. There’s a limit on spot LNG and in order to continue attracting this limited supply, gas prices in the United States will have to stay above $4.50 through 2007 and maintain a positive Nymex-International Petroleum Exchange (IPE) gas futures basis differential.

Petroleos Mexicanos (Pemex) expects more competition when it tenders the bids for Cuervito, another natural gas field in the prolific Burgos Basin. The winner of the Cuervito multiple service contract (MSC) is expected to be announced within two weeks.