Dangling

McMoRan Exploration Co., which has kept investors dangling with promises that its Davy Jones natural gas discovery in the shallow waters of the Gulf of Mexico (GOM) would be flowing 50 MMcf/d by now, saw its shares plunge by more than 20% on Monday and another 15%-plus early Tuesday after the company admitted that it still is struggling to bring the prospective well online.

Centrica is dangling a big carrot in front of liquefied natural gas (LNG) suppliers: its top market position in the U.S. and UK retail energy markets. Mike Hogan, senior vice president of upstream gas and power for Centrica subsidiary Direct Energy, said the company is actively seeking substantial new gas and power supply arrangements, including a stake in the LNG business, because of its rapid retail demand growth.

Centrica is dangling a big carrot in front of liquefied natural gas (LNG) suppliers: its top market position in the U.S. and UK retail energy markets. Mike Hogan, senior vice president of upstream gas and power for Centrica subsidiary Direct Energy, said the company is actively seeking substantial new gas and power supply arrangements, including a stake in the LNG business, because of its rapid retail demand growth.

Hungry for gas service in its northeastern region, NorthCarolina is dangling a $200 million carrot before the industry inthe hope of attracting new infrastructure development. Theenticement has attracted the attention of Williams GasPipeline-Transco and six others who recently filed to express theirinterest to the North Carolina Utilities Commission.