Qatar’s planned natural gas-to-liquids (GTL) projects with Marathon Oil Co. and ConocoPhillips, as well as other proposed projects, will be delayed for three years because production has ramped up faster than anticipated, the country’s energy minister said last week.
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Qatar Delays GTL Project with Marathon, ConocoPhillips
Qatar’s planned natural gas-to-liquids (GTL) projects with Marathon Oil Co. and ConocoPhillips, as well as other proposed projects, will be delayed for three years because production has ramped up faster than anticipated, the country’s energy minister said this week.
Action Delayed on Entergy, Southern, AEP Market-Based Rate Filings
Federal regulators declined to take action last week on several recent filings made by American Electric Power (AEP), Entergy Corp. and Southern Co. in which the three utilities responded to new, interim generation market power screens adopted by FERC as they seek reauthorization of their market-based rates.
Mackenzie Pipeline Delayed; Extensive, Complex Environmental Review Required
Canada’s northern gas project has quietly dropped its target of this summer for filing completed construction applications, saying the process has become too complicated to rush.
Mackenzie Pipeline Delayed; Extensive, Complex Environmental Review Required
Canada’s northern gas project has quietly dropped its target of this summer for filing completed construction applications, saying the process has become too complicated to rush.
Futures Lurch Higher on Combination of Bullish Storage News, Crude Strength
In a delayed reaction to the bullish combination of a slightly supportive storage report (78 Bcf injection) and an explosion at the Moss Bluff storage facility east of Houston, the natural gas futures market turned higher Thursday morning as light speculative buying mixed with continued end-user hedging activities. The September contract finished the session at $5.507, up 12.5 cents for the session.
Murphy Forecasts Lower 1Q Sales Volumes, Higher Production
Because some of its oil and natural gas sales were delayed in overseas operations, Murphy Oil Corp. said Monday that its first quarter net income will be lower, averaging between 90 cents and $1.10 per share.
April Futures Turn Upward in Anticipation of Termination Monday
Caught in a mix of short-covering and a delayed reaction to supportive storage news released Thursday, the natural gas futures market turned modestly higher Friday to break the string of losing sessions.
El Paso Delays Reporting 4Q Financials Pending Reserves Audits
El Paso Corp. last week delayed indefinitely reporting its fourth quarter 2003 earnings pending the completion of both an internal and an independent review on the impact of a 41% negative oil and gas reserves revision. The Houston-based company had been scheduled to issue its quarterly statement Thursday.
El Paso Delays Reporting 4Q Financials Pending Reserves Audits
El Paso Corp. delayed indefinitely reporting its fourth quarter 2003 earnings pending the completion of both an internal and an independent review on the impact of a 41% negative oil and gas reserves revision announced last month. The Houston-based company had been scheduled to issue its quarterly statement Thursday.