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West LNG Projects Tread Water; GHG Reviewed

It’s not easy being green for liquefied natural gas (LNG) project developers along Southern California’s shores as the first West Coast LNG facility prepares to open next quarter in North Baja California, Mexico, and proposals move along in Oregon. Three California offshore proposals have been diverted to examine their individual global climate change impacts, and a fourth onshore site in Long Beach awaits a critical state court hearing March 17 to try to force local officials to restart a final environmental review process that was abruptly stopped a year ago.

March 10, 2008

Devon Expects to Top 1 Bcf/d in Barnett Before Mid-Year

When you master the domain in a place like the Barnett Shale, it may be easy to forget that Devon Energy Corp. actually has its hands in several other promising oil and natural gas developments onshore and offshore in North America. However, there’s no forgetting Devon’s strength in the Barnett, and the producer now anticipates hitting a 1 Bcf/d production target there before mid-year, which is at least 18 months ahead of schedule.

February 11, 2008

Devon Expects to Top 1 Bcf/d in Barnett Before Mid-Year

When you master the domain in a place like the Barnett Shale, it may be easy to forget that Devon Energy Corp. actually has its hands in several other promising oil and natural gas developments onshore and offshore in North America. However, there’s no forgetting Devon’s strength in the Barnett, and the producer now anticipates hitting a 1 Bcf/d production target there before mid-year, which is at least 18 months ahead of schedule.

February 7, 2008

ExxonMobil Profit Declines, North American Gas Volumes Fall

It’s not easy being ExxonMobil Corp. The world’s largest publicly traded company’s share price dropped Thursday after the energy giant posted a higher-than-expected 10% drop in quarterly net income — even as it set a revenue record.

November 2, 2007

Natgas Futures Rally on Crude Strength; Traders Discuss Bank’s Losses

While most traders were expecting an easy session to close out the week following expiration of the May contract on Thursday, Friday instead brought a 20-cent-plus rally in June natural gas and a significant gain in crude futures, along with the Amaranth flashback-producing news that the Bank of Montreal (BMO) had lost C$350 million to C$450 million recently in wrong-way natural gas trades. June natural gas finished at $7.831, up 22.9 cents from Thursday and 31.7 cents higher than the previous week’s close.

April 30, 2007

EVA Sees Lower Price Scenario Over Long Term; Key Factor — LNG

Given what happened to the industry last year with Hurricanes Rita and Katrina, it’s pretty easy to make a bull’s case for the natural gas market. In fact many industry prognosticators expect that once the current gas storage surplus is worked off, an underlying tight supply-demand balance will return, driving prices back into the stratosphere. But Stephen Thumb at consulting firm Energy Ventures Analysis in Arlington, VA, believes many experts are underestimating the impact that LNG will have on the U.S. market.

October 9, 2006

EVA Sees Lower Price Scenario Over Long Term; Key Factor — LNG

Given what happened to the industry last year with Hurricanes Rita and Katrina, it’s pretty easy to make a bull’s case for the natural gas market. In fact many industry prognosticators expect that once the current gas storage surplus is worked off, an underlying tight supply-demand balance will return, driving prices back into the stratosphere. But Stephen Thumb at consulting firm Energy Ventures Analysis in Arlington, VA, believes many experts are underestimating the impact that LNG will have on the U.S. market.

October 9, 2006

Exelon CEO Sees U.S. Entering Era of ‘Difficult’ Mergers

The U.S. is entering “an era when mergers are going to be more difficult again” and will “only be easy in places where there’s a very troubled utility,” Exelon Corp. CEO John Rowe said last Thursday in remarks made at the Sanford C. Bernstein & Co. strategic decisions conference in New York City.

June 5, 2006

Gas Futures Approach $10 on Short-Covering; Crude Crests $67

With $10 locked in their sights, natural gas bulls made it look easy Friday as they propelled the prompt natural gas contract to price levels seen on only a few brief occasions in the market’s 15-year history. After notching new 30-month highs Thursday, the September contract was fast out of the chute Friday as spiking crude oil prices prompted a wave of natural gas short-covering that drove prices to a high of $9.91 just before noon EDT.

August 15, 2005

Futures Rebound 6% on Trio of Bullish Factors

It was easy to be a natural gas futures bull Tuesday. In addition to another round of frigid forecasts and spiking prices in the cash market, natural gas futures traders had added buying incentive as crude oil prices spiked following a deadly explosion at an Algerian gas liquefaction plant Monday.

January 21, 2004