Creation

Eyeing a long-term power market play, RBS Sempra Commodities and Abu Dhabi National Energy Co. (TAQA) last Wednesday announced the creation of a global partnership, TAQA Gen X, and its first downstream joint venture in North America.

Eyeing a long-term power market play, RBS Sempra Commodities and Abu Dhabi National Energy Co. (TAQA) Wednesday announced the creation of a global partnership, TAQA Gen X, and its first downstream joint venture in North America.

World natural gas production leaders were again sounding the alarm over the creation of an OPEC-style natural gas organization, as energy emissaries of Russia, Iran and Qatar emerged from a meeting in Tehran last Tuesday saying they were working on the framework for a group of gas-exporting nations. But industry veterans are questioning what kind of an organization would evolve and how successful it would be.

World natural gas production leaders were again sounding the alarm over the creation of an OPEC-style natural gas organization, as energy emissaries of Russia, Iran and Qatar emerged from a meeting in Tehran Tuesday saying they were working on the framework for a group of gas-exporting nations. But industry veterans are questioning what kind of an organization would evolve and how successful it would be.

Connecticut Attorney General Richard Blumenthal, who has opposed construction of the proposed Broadwater floating liquefied natural gas (LNG) terminal, is calling for the creation of a two-state commission on environment and energy needs. He said the commission should consider, among other things, supporting LNG facilities off the New York or New Jersey coasts.

Connecticut Attorney General Richard Blumenthal, who has opposed construction of the proposed Broadwater floating liquefied natural gas (LNG) terminal, is calling for the creation of a two-state commission on environment and energy needs. He said the commission should consider, among other things, supporting LNG facilities off the New York or New Jersey coasts.

U.S. Sen. Maria Cantwell and Rep. Jay Inslee, both from Washington state, last week called for the creation of a Department of Justice (DOJ) oil and gas market fraud task force to investigate potential fraud and manipulation in the energy market.

Sen. Maria Cantwell and Rep. Jay Inslee, both from Washington State, Monday called for the creation of a Department of Justice (DOJ) oil and gas market fraud task force to investigate potential fraud and manipulation in the energy market.

Continuing high prices and the creation of operational efficiencies through mergers, reorganizations and asset acquisitions will make 2008 an overall positive year for gas and oil companies, according to Deloitte & Touche USA, but the industry will face increased costs associated with legislation and global resource nationalism.