Confirmed

Platform Accident in Gulf of Mexico Leaves 18 Dead, 7 Missing

At least 18 are confirmed dead and seven others missing following a weather-related accident Wednesday on a platform in the Campeche Sound of the Gulf of Mexico, according to state-run Petroleos Mexicanos (Pemex).

October 26, 2007

Senate Confirms Two Nominees to CFTC

The Senate has confirmed two nominees to the Commodity Futures Trading Commission — Jill E. Sommers and Bart H. Chilton — bringing the agency almost up to full capacity.

August 3, 2007

Pogo Sells Northrock for $2B, Still Exploring Sale of Company

Pogo Producing Co. confirmed last week that it is still exploring the possible sale or merger of the company after announcing the sale of Canadian subsidiary Northrock Resources Ltd. for $2 billion in cash to Abu Dhabi National Energy Co. (TAQA).

June 4, 2007

Pogo Sells Northrock for $2B, Still Explores Sale of Company

Pogo Producing Co. confirmed Tuesday that it is exploring the possible sale or merger of the company after announcing the sale of Canadian subsidiary Northrock Resources Ltd. for $2 billion in cash to Abu Dhabi National Energy Co. (TAQA).

May 30, 2007

46 Bcf Storage Draw Factored in; Futures at a Crossroads

Coming in on the high side of most industry estimates, the Energy Information Administration (EIA) confirmed Thursday morning that the nation’s gas storage system did in fact return to withdrawals during the second week of April, removing 46 Bcf from underground stores due to a surprise cold snap in the East. However, it appeared that the number was already largely factored into the market as May natural gas futures traded a slim 13.5-cent range on the day before settling at $7.492, half of a penny lower than Wednesday’s close.

April 20, 2007

WPS Resources, Peoples Energy Talk Merger

Green Bay, WI-based WPS Resources Corp. and Chicago-based Peoples Energy confirmed Thursday that they are talking about a potential business combination. According to the Wall Street Journal, WPS could buy Peoples for about $1.5 billion.

February 9, 2007

ABN Amro Drops Natural Gas, Oil Trading

Dutch bank ABN Amro confirmed Friday it was closing down its trading operations involving natural gas, oil, and freight derivatives, cutting back to focus on its core markets of emissions and precious metals.

February 5, 2007

Gulf Pipeline Rupture Shuts In 110 MMcf/d

Enterprise Products Partners confirmed last week that about 110 MMcf/d of associated natural gas production has not been flowing into the High Island Offshore System (HIOS) since Christmas when a rupture was discovered on a pipeline upstream of HIOS operated by Plains All American Pipeline LP.

January 8, 2007

Gulf Pipeline Rupture Shuts In 110 MMcf/d

Enterprise Products Partners confirmed Thursday that about 110 MMcf/d of associated natural gas production has not been flowing into the High Island Offshore System (HIOS) since Christmas when a rupture was discovered on a pipeline operated upstream of HIOS by Plains All American Pipeline LP.

January 5, 2007

Gas Futures Break Below $8 Following 5 Bcf Storage Injection

Putting to rest the heated withdrawal/injection debate of the past week, the Energy Information Administration (EIA) confirmed Thursday morning that storage reverted to net injections for the week ended Nov. 10 with a build of 5 Bcf. As a result, December natural gas sunk lower, putting in a low of $7.720 before settling at $7.755, down 36.5 cents from Wednesday.

November 17, 2006
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