Exposure

Depending on their North American natural gas exposure, most of the big exploration and production (E&P) independents will cut their 2009 exploration spending by at least 10-20% this year, IHS analysts estimate.

Depending on their North American natural gas exposure, most of the big exploration and production (E&P) independents will cut their 2009 exploration spending by at least 10-20% this year, IHS analysts estimate.

A handful of prevention and mitigative strategies would limit the exposure of other liquefied natural gas (LNG) facilities to the “cascading events” that caused the deadly explosion at the LNG complex in Skikda, Algeria earlier this year, according to a joint report by the Department of Energy (DOE) and Federal Energy Regulatory Commission.

A handful of prevention and mitigative strategies would limit the exposure of other liquefied natural gas (LNG) facilities to the “cascading events” that caused the deadly explosion at the LNG complex in Skikda, Algeria earlier this year, according to a joint report by the Department of Energy (DOE) and Federal Energy Regulatory Commission.

Looking to help market participants “manage exposure” to the impact of reported oil and natural gas storage inventories released by the Energy Information Administration (EIA) each week, the New York Mercantile Exchange Inc. (Nymex) has teamed with ICAP Energy, a leading inter-dealer broker, to launch an electronic market in options on oil and natural gas inventory statistics.

Looking to help market participants “manage exposure” to the impact of reported oil and natural gas storage inventories released by the Energy Information Administration (EIA) each week, the New York Mercantile Exchange Inc. (Nymex) said Wednesday it has teamed with ICAP Energy, a leading inter-dealer broker, to launch an electronic market in options on oil and gas inventory statistics.

The planned merger by Enterprise Products Partners LP with GulfTerra Energy Partners LP has the potential to reduce exposure to petrochemical industry cycles and to realize cost savings, but the merged company will have to demonstrate its prowess before changes are reflected in the credit rating, a Standard & Poor’s Rating Services (S&P) analyst said Tuesday after dropping Enterprise’s rating to “junk” status.

After seeing its corporate credit rating downgraded to two levels below “junk status” and its stock skid to a low of 78 cents at one point last week, Williams Cos. Inc. got some much-needed good news Friday. First, the company announced it had reached an agreement in principle with California and a number of other parties, including Washington and Oregon, on a settlement to resolve all outstanding litigation/claims and refunds for electricity overcharges, and then FERC signaled it probably would not strip Williams of its license to sell power at unregulated rates.

After seeing its corporate credit rating downgraded to two levels below “junk status” and its stock skid to a low of 78 cents at one point last week, Williams Cos. Inc. got some much-needed good news Friday. First, the company announced it had reached an agreement in principle with California and a number of other parties, including Washington and Oregon, on a settlement to resolve all outstanding litigation/claims and refunds for electricity overcharges, and then FERC signaled it probably would not strip Williams of its license to sell power at unregulated rates.