Diving

An explosion occurred late Tuesday in the engine room of a commercial diving vessel that was decommissioning a small segment of ANR Pipeline offshore Louisiana, sending six crew members of the vessel to area hospitals, said a spokesman for TransCanada, which owns ANR. The U.S. Coast Guard still is searching for one unaccounted member of the crew.

Companies that are contemplating a merger better have a complete grasp of the state political environment before diving in, said FPL Group CEO Lew Hay last Monday in a conference call with analysts, regarding the FPL’s third quarter financial results and the cancellation of its merger last week with Constellation Energy Group.

Companies that are contemplating a merger better have a complete grasp of the state political environment before diving in, said FPL Group CEO Lew Hay Monday in a conference call with analysts, regarding the FPL’s third quarter financial results and the cancellation of its merger last week with Constellation Energy Group (see Daily GPI, Oct. 26).

The cash market broke out of a lengthy pattern of volatile price movement for the most part Wednesday. Except for plunges of 60 cents to nearly two dollars in the Northeast, the rest of the market tended to range from slightly softer to 20 cents higher. A majority of the gains were less than a dime.

Traders found a mixed bag in launching the March aftermarket Thursday. Although swing prices began the month handily above indexes, they were generally flat to end-of-February numbers, but with sizeable variations to both the downside and upside.

A diving screen set a softer tone for most points Monday in eastern swing markets. Anticipation of another AGA storage injection report in the vicinity of 100 Bcf contributed to bearish feelings. However, most of the eastern downturns were fairly mild at about 15 cents or less, and much of the West was climbing back up strongly from the price depths seen in Friday’s trading for the weekend.

All of the leading indicators for offshore construction activity point to “much higher levels of pipelay, derrick and diving activity,” and underlying fundamentals driving the offshore construction industry continue to be “very robust,” according to Raymond James Energy’s “Stat of the Week” for last week.

All of the leading indicators for offshore construction activity point to “much higher levels of pipelay, derrick and diving activity,” and underlying fundamentals driving the offshore construction industry continue to be “very robust,” according to Raymond James Energy “Stat of the Week.”