Entering

Entering the sixth day on Tuesday of force majeure conditions at all points on the Sabine Pipe Line system, including the Henry Hub, the company said its employees were successful in conducting visual surveillance of the system’s accessible portions. The company was forced to call a force majeure last Thursday due to uncertainty surrounding Hurricane Rita’s projected path.

The flurry of new wind power project developments continued unabated last week, with AES Corp. entering into a joint venture (JV) to develop wind generation projects in New York state and FPL Energy LLC and ScottishPower unveiling new wind power projects that will be built in Texas and New York, respectively.

A new research report from Goldman Sachs sent energy prices through the roof on Thursday by warning investors that the oil markets are entering into a “super-spike” period that could see crude prices as high as $105/bbl. In addition, the firm said Henry Hub natural gas prices could soar to $13/MMBtu by 2007.

A new research report from Goldman Sachs sent energy prices through the roof on Thursday by warning investors that the oil markets are entering into a “super-spike” period that could see crude prices as high as $105/bbl. In addition, the firm said Henry Hub natural gas prices could soar to $13/MMBtu by 2007.

Rocky Mountain region producers may be entering a golden age in which prices for their production are nearly equal to what producers in neighboring regions are able to bring home. Some price differentials have tightened significantly because for the first time in many years there actually appears to be more takeaway pipeline capacity out of the Rockies than there is supply to fill it.

Calling the period that the energy markets are entering a “dramatically new phase,” Alan Levine, senior vice president of the Morgan Stanley Private Client Futures Group, said higher natural gas prices — mainly above $6 — are likely here to stay.

Calling the period that the energy markets are entering a “dramatically new phase,” Alan Levine, senior vice president of the Morgan Stanley Private Client Futures Group, said higher natural gas prices — mainly above $6 — are likely here to stay.

Entering the fourth day after a Unocal-contracted helicopter with eight passengers and two crew members aboard crashed into the Gulf of Mexico, the U.S. Coast Guard said Friday that four additional bodies have been located within the wreckage at the bottom of the Gulf approximately 72 miles south of Galveston, TX. Four victims were found earlier. Two are still missing.

Entering the fourth day after a Unocal-contracted helicopter with eight passengers and two crew members aboard crashed into the Gulf of Mexico, the U.S. Coast Guard said Friday that four additional bodies have been located within the wreckage at the bottom of the Gulf approximately 72 miles south of Galveston, TX. Four victims were found earlier. Two are still missing.