Event

There was more distrust stemming from the Pacific Gas and Electric Co. (PG&E) gas transmission pipeline catastrophe three weeks after the tragic event, and it centered in San Jose, CA, the population and communications center of the peninsula region stretching from the Silicon Valley to the southern end of San Francisco.

Saying it expected to complete repairs sometime Friday, Rockies Express (REX) declared a force majeure event for Thursday’s gas day at Bertrand Compressor Station due to an aftercooler leak on Unit 5. Until further notice REX was limiting quantities through Segment 250 to 1,730,000 Dth/d. Based on the level of scheduled quantities, AOR/IT, secondary and primary FT quantities are at risk of not being fully scheduled, the pipeline said.

After navigating the long holiday weekend without a market-affecting event, natural gas futures traders — who had covered some shorts Friday to mitigate risk — let some air out of the balloon on Tuesday as the October contract closed at $3.852, down 8.7 cents from Friday’s finish.

A rapid-response system to capture and contain oil and natural gas in the event of a potential deepwater well blowout in the Gulf of Mexico (GOM) should go a long way in alleviating concerns by the U.S. public, sponsors ExxonMobil Corp., Chevron Corp., ConocoPhillips and Royal Dutch Shell plc said late Wednesday.

A rapid-response system to capture and contain oil and natural gas in the event of a potential deepwater well blowout in the Gulf of Mexico (GOM) should go a long way in alleviating concerns by the U.S. public, sponsors ExxonMobil Corp., Chevron Corp., ConocoPhillips and Royal Dutch Shell plc said late Wednesday.

A new La Nina event — the cooling of ocean surface temperatures off the western coast of South America — and other conditions are likely to bring warmer-than-normal temperatures to much of the United States through September, according to the latest seasonal forecast from Andover, MA-based WSI Corp.

Tennessee declared a force majeure event and required the shut-in of the Vermilion 261A meter in order to repair a leak on its 509A-1200/509A-1100 Line offshore southwest Louisiana. Tennessee said Monday it is not requiring any adjustments to nominations for the meter at this time, but requires that physical flows be kept to zero until further notice.

Tennessee declared a force majeure event and required the shut-in of the Vermilion 261A meter in order to repair a leak on its 509A-1200/509A-1100 Line offshore southwest Louisiana. Tennessee said Monday it is not requiring any adjustments to nominations for the meter at this time, but requires that physical flows be kept to zero until further notice.

Due to a force majeure event at Compressor Station 2 in Flagstaff, AZ, the station is down for repairs, Transwestern said Monday. It was required to reduce capacity on the Thoreau/West System effective with Intraday 1 (Cycle 3) nominations for Monday’s gas day through Thursday. The cut was from normal Thoreau/West capacity of 1,225,000 MMBtu/d to about 1,075,000 MMBtu/d, Transwestern said. Full volumes are expected to become available again for Friday’s gas day.