Incremental LNG supplies are not something that’s going to happen all at once. New terminals will make their way through the permitting and construction process one by one, and the additional supplies will help offset declining production in other areas, according to an ExxonMobil executive.
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AEP Exec Cautions U.S. Pinning Too Much Hope on LNG
The United States’ expectations that liquefied natural gas (LNG) will be the “savior” for its gas supply problems may be too high, said a top official with American Electric Power (AEP) Tuesday.
March 10, 2004
NUI Taps KeySpan Exec to Oversee Sale Process
The board of directors of NUI Corp. has brought in former KeySpan executive Craig G. Matthews as NUI’s new president and CEO to lead the sale of the company. NUI stunned the financial community last September by announcing that it would sell its entire integrated natural gas business because of credit downgrades and “adverse business conditions.”
February 2, 2004
ExxonMobil Exec Says LNG Growth to Continue, Company Tops 4Q Record
In yet another record year that was spurred by its upstream operations, ExxonMobil Corp. boosted its fourth quarter income 63% over a year ago, reporting $6.65 billion ($1.01/share), an increase of $2.56 billion year-over-year. Excluding still-lingering merger effects, discontinued operations and special items, ExxonMobil’s earnings were up $630 million from 4Q2002.
January 30, 2004
NUI Brings in KeySpan Exec to Oversee Sale Process
The board of directors of NUI Corp. has brought in former KeySpan executive Craig G. Matthews as NUI’s new president and CEO to lead the sale of the company. NUI stunned the financial community last September by announcing that it would sell its entire integrated natural gas business because of credit downgrades and “adverse business conditions.”
January 29, 2004
BP Exec Sees Growing Confidence in Merchant Sector
Despite the loss of players and support, and the increased scrutiny by financial institutions and federal regulators, natural gas and power markets have continued to function, and there are “clear signs” that confidence is returning to the energy trading industry, a BP executive said Thursday.
January 26, 2004
BP Exec Sees Growing Confidence in Merchant Sector
Despite the loss of players and support, and the increased scrutiny by financial institutions and federal regulators, natural gas and power markets have continued to function, and there are “clear signs” that confidence is returning to the energy trading industry, a BP executive said Thursday.
January 23, 2004
Natural Gas to Overtake Oil as World’s Preferred Fuel, Shell Exec Says
Shaped by the continued rapid growth of liquefied natural gas (LNG), the natural gas sector is poised for “tremendous” growth over the next 20 years, and sometime between 2020 and 2030 it will overtake oil as the world’s preferred fuel, the CEO of Shell Gas and Power said last week.
November 10, 2003
Natural Gas Will Overtake Oil as World’s Preferred Fuel, Shell Exec Says
Shaped by the continued rapid growth of liquefied natural gas (LNG), the natural gas sector is poised for “tremendous” growth over the next 20 years, and sometime between 2020 and 2030 it will overtake oil as the world’s preferred fuel, the CEO of Shell Gas and Power said Wednesday.
November 6, 2003
CMS Exec Says Company on Target With ‘Back-to Basics’ Strategy
Reiterating his company’s “back-to-basics” strategy, which has become a staple of most energy companies in today’s current marketplace, CMS Energy Corp. President David W. Joos said that through asset sales his company has become closer to being “safer, smaller and stronger.”
November 3, 2003
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