Considers

Sen. Pete Domenici (R-NM), chairman of the Senate Energy and Natural Resources Committee, considers legislation opening new areas of the Outer Continental Shelf (OCS) to oil and natural gas leasing to be a “top priority,” and he “got off the ground running by reaching out to the House” Tuesday as lawmakers returned from their month-long recess, a spokeswoman for Domenici said.

EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.

EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.

EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.

An Alabama circuit judge began hearing arguments Thursday on whether to uphold a record multi-billion-dollar verdict won by the state last year against ExxonMobil Corp. The decision in the case, over disputed natural gas royalties, is expected by March 22.

A federal judge in Houston Thursday postponed setting a trial date for Enron Corp.’s ex-CEO Jeffrey Skilling and Rick Causey, former chief accounting officer, after lawyers cited questions about the massive amount of documentation in the case.

An Alabama circuit judge began hearing arguments Thursday on whether to uphold a record multi-billion-dollar verdict won by the state last year against ExxonMobil Corp. The decision in the case, over disputed natural gas royalties, is expected by March 22.

Teco Energy is well on the way out of its liquidity crisis, but is considering reinforcing its position with the sale of its merchant energy unit including its two just-completed giant power projects, the 2,145 MW Gila River power station in Arizona and the 2,200 MW Union Power Station in Arkansas.

North Baja Pipeline sponsors, Sempra and PG&E Gas Transmission, announced an open season to test market interest in building a 130-mile extension from the existing pipeline near Yuma, AZ, to markets in Phoenix, AZ. The new pipeline extension would be used to transport regasified LNG to Arizona from terminals near Tijuana, and pipeline sponsors also will test the market for interest in other potential expansion projects to transport regasified LNG.