Cost

Preliminary data show that Oregon faces a 30% hike in retail natural gas charges when state regulators determine annual gas cost adjustments, effective in November, a spokesperson for the Oregon Public Utility Commission (PUC) told NGI Monday.

Liquefied natural gas (LNG) demand and production may be slowing as a result of price and project cost increases, according to a recent study prepared for Repsol Energy North America (RENA) by Jensen Associates. Supply and demand trends suggest a currently tight market will loosen, creating opportunities for long-range contracting as well acting as a counter to further price increases.

Liquefied natural gas (LNG) demand and production may be slowing as a result of price and project cost increases, according to a recent study prepared for Repsol Energy North America (RENA) by Jensen Associates. Supply and demand trends suggest a currently tight market will loosen, creating opportunities for long-range contracting as well acting as a counter to further price increases.

The backer of a liquefied natural gas (LNG) receiving terminal on Oregon’s Columbia River said it will cost $4/MMBtu to land LNG on the West Coast. The gas supply will be more than welcomed by the market, according to speakers at an industry conference.

Success usually comes at a cost, as West Virginia’s natural gas producers are finding.

Success usually comes at a cost, as West Virginia’s natural gas producers are finding.

As the oil and natural gas industry explores ever-deeper targets, particularly in the Gulf of Mexico (GOM), the Department of Energy (DOE) used a cost-shared project managed by the Office of Fossil Energy’s National Energy Technology Laboratory (NETL) to develop groundbreaking pre-drill seismic technology.

Bolstered by cost recovery and higher revenues in its electric and natural gas transmission operations, PG&E Corp. Wednesday reported sharply higher third-quarter earnings, up 56% from results for the same period in 2005. Net income for the third quarter was $393 million ($1.09/share) compared with $252 million (63 cents/share) in the third quarter last year. As a result, the utility holding company increased its earnings guidance for 2006 by 5 cents/share to the range of $2.45-$2.55.

BP plc Tuesday reported second quarter profit of $7.3 billion, 30% higher than the $5.6 billion a year earlier. The company’s replacement cost profit was $6.1 billion, up from about $5 billion a year earlier. All segments — E&P, Refining and Marketing, and Gas, Power & Renewables — showed improvement, although costs were higher.