Sempra Energy disclosed last week that some of power lines of subsidiary San Diego Gas & Electric (SDG&E) may have contributed to the major wildfires that destroyed parts of Southern California last month.
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Power Lines May be A Culprit in California Fires, Says Sempra
Sempra Energy disclosed Thursday that some power lines of subsidiary San Diego Gas & Electric (SDG&E) may have contributed to the major wildfires that destroyed parts of Southern California last month.
Blizzards Put the Pinch on Canadian Natural Gas Supplies
The storms were too far away to even have names, but their aftermath — an exceptionally snowy winter in northern British Columbia and Alberta — contributed to a slippage in Canadian natural gas supplies.
Blizzards Put the Pinch on Canadian Natural Gas Supplies
The storms were too far away to even have names, but their aftermath — an exceptionally snowy winter in northern British Columbia and Alberta — contributed to a slippage in Canadian natural gas supplies.
Costs, GOM Delays to Dull BP’s Output in 2007
Rising costs, property sales and lower volumes from production-sharing contracts contributed to a disappointing quarter for BP plc, and the London-based major said last week production also is not rising at the rate it forecast. Oil and natural gas output this year is expected to range between 3.8-3.9 MMboe/d, nearly flat compared with 2006 annual production of 3.93 MMboe.
Costs, GOM Delays to Dull BP’s Output in 2007
Rising costs, property sales and lower volumes from production-sharing contracts contributed to a disappointing quarter for BP plc on Tuesday. Going forward, the London-based major said 2007 oil and natural gas output will range between 3.8-3.9 MMboe/d, nearly flat compared with its 2006 annual production of 3.93 MMboe.
Mark-to-Market Issues, Warmer Weather Lead to 1Q Loss for CMS
Mark-to-market changes on certain gas contracts, much warmer than normal weather and customer conservation due to high gas prices all contributed to a net loss of $27 million, or $0.12 per share, for Michigan-based CMS Energy in the first quarter compared to net income of $150 million, or $0.74 per share, in the same quarter of 2005.
NGI The Weekly Gas Market Report
Energen Resources Sees Large Gain
Higher commodity prices and higher production both contributed to Energen Corp.’s strong financial performance in the second quarter when it recorded net income and income from continuing operations totaling $37.6 million, or 51 cents per diluted share, compared to $22.3 million, or 30 cents per diluted share in the second quarter of 2004.
Energen Reports Strong 2Q With Production, Prices Up
Higher commodity prices and higher production both contributed to Energen Corp.’s strong financial performance in the second quarter when it recorded net income and income from continuing operations totaling $37.6 million, or 51 cents per diluted share, compared to $22.3 million, or 30 cents per diluted share in the second quarter of 2004.
BP Breaks Records, But Still Trails Exxon Mobil
Higher commodity prices, cost savings and mergers contributed toBP Amoco Plc’s $14.2 billion windfall year-end profits last year,which broke British profit records and were second only toU.S.-based rival Exxon Mobil Corp.’s $17 billion profit for 2000.BP’s profit in 1999 was $6.2 million.