Deeper

Enron Shareholder Lawsuit Quietly Dismissed

Enron Corp. slipped deeper into the history books last Wednesday after the remaining defendants, including former CEO Jeffrey Skilling, were dismissed in an eight-year-old lawsuit filed by shareholders and investors against the bankrupt trader’s financial institutions.

December 7, 2009

McMoRan Wants to Drill Deeper Gas Well in OCS

New Orleans-based McMoRan Exploration Co. plans to seek permission from the Department of Interior’s Minerals Management Service to drill deeper on the Blackbeard West prospect, located on the Treasure Island play in the Outer Continental Shelf.

June 13, 2008

It Smells and That’s Good! CPUC Approves PG&E Biogas Deal

The California Public Utilities Commission (CPUC) took another step deeper Thursday into California’s manure-to-methane potential in the state’s agriculture-rich central valley, approving a 10-year contract between Pacific Gas and Electric Co. (PG&E) and Microgy Inc. for up to 2.8 Bcf of “renewable natural gas.” (RNG) The vote of the five-member CPUC was unanimous.

August 24, 2007

Drilling Slowdown, Rising Consumption Cut Canadian Exports to U.S.

Canadian natural gas exports have tapered off in a gentle decline expected to foreshadow deeper drops through 2007, when reduced drilling and increased domestic industrial consumption are forecast to keep eroding supplies.

January 8, 2007

Drilling Slowdown, Rising Consumption Cut Canadian Exports to U.S.

Canadian natural gas exports have tapered off in a gentle decline expected to foreshadow deeper drops through 2007, when reduced drilling and increased domestic industrial consumption are forecast to keep eroding supplies.

January 5, 2007

GOM Shelf Hasn’t Lost its Allure for Apache, Others

Every year Gulf of Mexico Continental Shelf producers drill deeper holes to produce less gas from reserves that deplete faster. And then Mother Nature gives them a whupping (or several) during hurricane season.

April 24, 2006

Record Number of Rigs Drilling in GOM Deepwater

For the first time, a record 12 rigs are drilling for oil and natural gas in Gulf of Mexico (GOM) waters that are 5,000 feet or deeper, the Minerals Management Service (MMS) reported Thursday. Director Johnnie Burton called the record ultra deepwater drilling a “very important milestone, which demonstrates how industry continues to focus on new frontiers.”

March 8, 2004

Record Number of Rigs Drilling in GOM Deepwater

For the first time, a record 12 rigs are drilling for oil and natural gas in Gulf of Mexico (GOM) waters that are 5,000 feet or deeper, the Minerals Management Service (MMS) reported Thursday. Director Johnnie Burton called the record ultra deepwater drilling a “very important milestone, which demonstrates how industry continues to focus on new frontiers.”

March 5, 2004

Reliant Posts Heavy Losses from Trading, Discontinued Operations

Reliant Resources Inc. on Thursday reported even deeper losses in this year’s first quarter net income than in last year’s due to the poor performance of its wholesale energy trading business and the financial effect of the planned sale of its European energy operations.

May 9, 2003

AES CEO Steps Down, New Chief Plans Deeper Cuts, Asset Sales

AES Corp. CEO Dennis Bakke last week became the latest top executive in the energy business to call it quits. The AES board elected Paul T. Hanrahan as president and CEO effective immediately, and Hanrahan went right to work, promising significant additional steps to restructure AES’ global power operations in order to restore investor confidence.

June 24, 2002