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Dramatic Growth Seen for Nova Scotia from Offshore Development

With even moderate growth, the economic impact of offshore development for Nova Scotia in the next 30 years would be striking, giving the province more gains in gross domestic product (GDP) than any other region of Canada, according to a study by the Greater Halifax Partnership. The study, the first of its kind, examined three potential development scenarios to predict future impacts on the economy, and found that as long as the government offers credible incentives to industry, Nova Scotia’s growth will be dramatic.

June 10, 2002

IDACORP Not Ready to Throw in Towel on Trading Operations

Even with IDACORP’s energy marketing unit reeling from lower volatility and reduced pricing spreads out West, an executive with the company last Tuesday said the company is not ready to pull the plug on its trading operations, noting that the company has carved out a “unique position” in the Western power markets.

June 10, 2002

Calpine Looks to Expand Gas Holdings to Include Coal-bed Methane

Even in the midst of a credit/credibility crunch that has shrunk its stock price and slowed its aggressive development program, San Jose, CA-based Calpine Corp. is looking to expand its natural gas operations, including a lusting eye toward the coal-bed methane industry in the heartland of the U.S. During an interview with NGI Tuesday, Calpine’s chief gas executive said he expects prices to trend upward as new supplies get tighter.

May 13, 2002

Simmons Raises Price Forecast Based on World Oil Market

Even though it says “accurate and precise prediction of commodity prices is futile,” Simmons & Co. International nevertheless makes a stab at it, increasing its natural gas price forecast for 2002 from $2.25/Mcf to $2.90/Mcf, in line with a rise in the forecast for crude oil from $21 a barrel to just over $24 a barrel.

May 6, 2002

Producers Oppose New Contracts for Capacity-Tight El Paso

Noting that the pipeline can’t even satisfy the demands of its existing shippers, a group of mostly producers has objected to El Paso Natural Gas’ negotiation of two new capacity contracts with PPL EnergyPlus LLC.

April 22, 2002

GAO Makes Good on Word, Brings Lawsuit Against White House

The General Accounting Office (GAO) showed Friday that its threats, even those against the White House, are not idle when it filed a long-awaited lawsuit in federal court to obtain administration records associated with the task force that formulated the president’s national energy policy.

February 25, 2002

GAO Makes Good on Word, Brings Lawsuit Against White House

The General Accounting Office (GAO) showed Friday that its threats, even those against the White House, are not idle when it filed a long-awaited lawsuit in federal court to obtain administration records associated with the task force that formulated the president’s national energy policy.

February 25, 2002

Barone: Decline in Reserves and Drilling to Increase Gas Prices

Even with the massive 1 Tcf storage surplus compared to last year’s levels, UBS Warburg’s ever-bullish analyst, Ron Barone, said he expects gas prices to go up and demand to go unsupplied in the not so distant future due to dwindling reserves and declining drilling rig utilization.

February 18, 2002

Barone: Decline in Reserves and Drilling to Increase Gas Prices

Even as the natural gas storage situation in the United States remains quite healthy, UBS Warburg analyst Ron Barone said he expects gas prices to go up and demand to go unsupplied in the not so distant future, due to dwindling reserves and a decline in drill rig utilization.

February 13, 2002

El Paso: Enron’s Woes Unlikely to Have ‘Domino Effect’

Even if the once high-flying Enron Corp. should cease to exist, either by being declared bankrupt or by being swallowed by Dynegy Corp. or another competitor, it is unlikely that this would have a significant “domino effect” on other companies in the energy business due to their limited financial exposure to Enron, El Paso Corp. executive Ralph Eads told Wall Street analysts Wednesday.

November 9, 2001