Destruction

Risk Managers Mulling Producer Hedges; October Called 9 Cents Higher

October natural gas is expected to open 9 cents higher Monday morning as weather forecasts call for significant warmth over key Midwest markets. Overnight oil markets fell.

September 18, 2017

Attacks on British Columbia Gas Infrastructure Continue

Investigators believe the partial destruction of a metering shed at a wellhead site near the community of Tomslake, BC, was caused by a deliberate explosion and is the latest in a recent series of minor explosions in the area directed at Encana Corp. gas facilities, the Royal Canadian Mounted Police (RCMP) said last week.

January 12, 2009

Attacks on British Columbia Gas Infrastructure Continue

Investigators believe the partial destruction of a metering shed at a wellhead site near the community of Tomslake, BC, was caused by a deliberate explosion and is the latest in a recent series of minor explosions in the area directed at Encana Corp. gas facilities, the Royal Canadian Mounted Police (RCMP) said Monday.

January 6, 2009

Industry Brief

Anadarko Petroleum Corp. has agreed to mitigate damage to about three acres of wetlands that were impacted and pay a $157,500 civil penalty for the destruction of wetlands near the Hams Fork River in Lincoln County, WY, according to the Environmental Protection Agency (EPA). The EPA, in cooperation with the U.S. Army Corps of Engineers, found that during construction of two natural gas well pads and associated access roads and connecting pipelines, Anadarko subsidiaries Westport Oil and Gas Co. and Kerr-McGee Oil & Gas Onshore LP acted without a permit and placed material into the wetlands, which “adversely altered their functions and values.” The federal Clean Water Act prohibits these types of discharges unless they have been authorized by a Corps permit. As compensatory mitigation for the violations, Anadarko will be required to physically restore 0.85 acres of impacted wetlands and create an additional 4.18 acres of wetlands. Mike Risner, EPA Region 8 Legal Enforcement director, said the environmental impacts cited “could have been avoided if the company had consulted with the Corps prior to commencing its activities.”

November 21, 2007

S&P: Future Weather-Related Events in Gulf Could Create Market Turmoil

Despite the dramatic destruction and disruptions caused by Hurricanes Katrina and Rita last year, energy companies overall have weathered the storms from a credit standpoint, according to a report by Standard & Poor’s Ratings Service (S&).

March 14, 2006

MMS’ Oynes: Deepwater Gulf Suffers Few Lasting Effects from 2005 Hurricanes; Optimistic for 2006

Despite the widespread destruction of Gulf of Mexico infrastructure from Hurricanes Katrina and Rita last year, the lengthy and expensive restoration process and the ongoing risks of offshore operations, deepwater exploration and development is moving full steam ahead, said Chris Oynes, Minerals Management Service (MMS) regional director for the Gulf of Mexico, in an interview with NGI.

January 12, 2006

Oilsands Producers Turn to Gasification Technology Instead of Natural Gas

Demand destruction is creeping into the biggest emerging Canadian industrial natural gas consumer, Alberta oilsands operations. The biggest new development, Canadian Natural Resources’ (CNRL) 500,000 bbl/d Horizon Oil Sands Project, includes a C$1.4-billion (US$1.2-billion), long-range commitment to adopt “gasification” technology for making plant fuel from bitumen.

November 11, 2005

Energy Companies Contribute Millions, Dispatch Crews to Help Hurricane Victims

Energy companies that were either directly or indirectly affected by the destruction from Hurricane Katrina were contributing millions of dollars to the American Red Cross last week to fund relief efforts. Utilities across the national also were sending or had already sent crews to help rebuild the energy infrastructure along the devastated Gulf Coast.

September 5, 2005

Energy Companies Contribute Millions to Hurricane Victims

Energy companies that have been either directly or indirectly affected by the destruction from Hurricane Katrina have contributed millions of dollars so far to the American Red Cross to fund relief efforts.

September 1, 2005

Rhode Island Governor Asks FERC to Reject KeySpan LNG Project in Providence

Citing the potential destruction that could occur to the city of Providence, RI, from terrorist attacks on liquefied natural gas (LNG) tankers or facilities, Rhode Island Gov. Donald L. Carcieri on Thursday called on FERC to reject KeySpan LNG’s plan to convert its existing 600,000 barrel LNG storage terminal in the city to an import terminal.

February 22, 2005
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