Discuss

Apache Corp. this year will pull back on its drilling program in Alberta because of anticipated royalty regime changes, but don’t expect the Houston-based explorer to slow down much anywhere else. With record profits and record production in 2007, Apache said it is set to take on just about anything that comes its way.

As the company continues to discuss merger possibilities with the Chicago Mercantile Exchange (CME), Nymex Holdings, parent company of the New York Mercantile Exchange Inc. (Nymex), on Friday reported record 4Q2007 and full-year 2007 revenues.

Approximately 14 major natural gas-producing countries are expected to meet in Moscow in June to discuss forming an OPEC-like cartel to control the price and supply of natural gas on the world market, the Qatari Energy Minister said in a published report.

Approximately 14 major natural gas-producing countries are expected to meet in Moscow in June to discuss forming an OPEC-like cartel to control the price and supply of natural gas on the world market, the Qatari Energy Minister said in a published report.

Denmark has invited the United States, Canada, Norway and Russia to a conference next year to discuss claims to the energy-rich Arctic region.

FERC’s Office of Energy Projects has agreed to meet with members of the Connecticut LNG Task Force Tuesday to discuss the state’s concerns about Broadwater Energy LLC’s controversial deepwater liquefied natural gas (LNG) import terminal to be sited in Long Island Sound, about 11 miles off the coast of Connecticut and nine miles offshore Long Island.

FERC’s Office of Energy Projects has agreed to meet with members of the Connecticut LNG Task Force later this month to discuss the state’s concerns about controversial Broadwater Energy LLC’s proposed deepwater liquefied natural gas (LNG) import terminal to be sited in Long Island Sound, about 11 miles off the coast of Connecticut and nine miles offshore Long Island.

Public Service Enterprise Group (PSEG) and Exelon met with the New Jersey Board of Public Utilities (NJBPU) staff to discuss the status of their proposed merger and the companies’ settlement offer valued at $1.46 billion after the NJBPU said it concurred with a staff recommendation that staff not accept the proposal offered by Exelon and PSEG related to the merger.

Alaska Gov. Frank Murkowski met with the premiers of three Canadian provinces Monday to discuss the Alaska gas pipeline project, which ultimately will have to run through the Yukon, British Columbia and Alberta. Murkowski said all three premiers “committed to support good faith negotiations between their governments, North Slope oil producers and Canadian pipeline companies to ensure the most expeditious development of the project.”