Depressed

RBS Sempra Trading Eyes Growth, Integration

Seemingly unfazed by depressed energy commodity prices and volatility, Sempra Energy senior executives hauled out the superlatives last Tuesday for the company’s joint venture in energy and metals commodity trading, RBS Sempra Commodities, announcing a nearly 100% quarter-over-quarter increase in profits, a new CEO and an integration of its Connecticut-based trading floor into one of North America’s largest operations. Sempra’s leaders made the comments during a first quarter conference call with financial analysts.

May 11, 2009

RBS Sempra Joint Trading Eyes Growth, Integration

Seemingly unfazed by depressed energy commodity prices and volatility, Sempra Energy senior executives hauled out the superlatives Tuesday for its joint venture in energy and metals commodity trading, RBS Sempra Commodities, announcing a nearly 100% quarter-over-quarter increase in profits, a new CEO and an integration of its Connecticut-based trading floor into one of North America’s largest operations. Sempra’s leaders made the comments during a first quarter conference call with financial analysts.

May 7, 2009

Natural Gas Domestic Rig Count Drops to Six-Year Low

Low natural gas prices and the depressed global economy continued to pressure U.S. natural gas producers to rein in operations, according to a recent report from Baker Hughes, which showed that the number of rigs actively searching for gas within the United States during the week ending April 17 dropped by 30 to 760, a level of activity not seen in more than six years.

April 20, 2009

Natural Gas Domestic Rig Count Drops to Six-Year Low

Low natural gas prices and the depressed global economy continued to pressure U.S. natural gas producers to rein in operations, according to a recent report from Baker Hughes, which showed that the number of rigs actively searching for gas within the United States during the week ending April 17 dropped by 30 to 760, a level of activity not seen in more than six years.

April 20, 2009

Mild Weather, Futures Depress Nearly All Points

Cash prices fell virtually across the board Friday, depressed by forecasts of moderate weather in most regions and the previous day’s drop of just over a quarter by April futures. The decline of industrial load during a weekend was an additional, albeit minor, bearish influence.

March 9, 2009

Gas Prices, Carbon Constraints Hurt Edison Mission

Depressed wholesale natural gas and power prices, along with the prospects for curbing emissions to meet anticipated future carbon constraints, combined to drive down earnings in the fourth quarter for Edison International’s independent energy unit, Edison Mission Group (EMG), the parent company reported Monday as part of a conference call on its year-end 2008 earnings, which were up 4% over the previous year. Prospects for EMG this year are not much better, according to Edison CEO Ted Craver, speaking to analysts.

March 3, 2009

Lower 48 Gasline in Doubt, Alaska Wrestles with Supplying its Own

Giving a nod to robust production growth from U.S. unconventional gas plays and depressed commodity prices, a new report out of Fairbanks, AK, raises doubts about the prospects of a long-haul pipeline to tap Alaskan North Slope gas for delivery to Lower 48 markets.

February 9, 2009

Report Casts Alaska Gasline Doubts, Notes In-State Supply Challenges

Giving a nod to robust production growth from U.S. unconventional gas plays and depressed commodity prices, a new report out of Fairbanks, AK, raises doubts about the prospects of a long-haul pipeline to tap Alaskan North Slope gas for delivery to Lower 48 markets.

February 6, 2009

Weekend Prices Drop Across the Board

Cash prices fell at all points Friday, depressed by forecasts of cold weather moderating in some areas by the end of the weekend, a 42.7-cent plunge in December futures a day earlier and the usual weekend drop of industrial load.

November 24, 2008

Most Points Softer; No Gulf of Mexico Shut-Ins Reported

Prices fell at nearly all points Thursday, depressed by the previous day’s 15-cent loss by November futures, relatively light weather-based load and the fact that a low-pressure system in the north-central Gulf of Mexico (GOM) is not only failing to strengthen but also is not having any perceptible impact on offshore operations.

October 5, 2007