Eyeing

Serious Canadian energy investment and equally focused environmental interests are warily eyeing each other in and around the Uinta Basin in southeastern Utah, where energy developers see an extension of their oil sands plays in Western Canada, and a group called Living Rivers warns of a potential environmental and public health disaster.

A seemingly on- and off-again project to build a new interstate pipeline connection for the Portland, OR, metropolitan area is currently very much on and eyeing market and regulatory milestones in the first half of this year, according to senior executives at NW Natural.

A seemingly on- and off-again project to build a new interstate pipeline connection for the Portland, OR, metropolitan area is currently very much on and eyeing market and regulatory milestones in the first half of this year, according to senior executives at NW Natural.

As the Commodity Futures Trading Commission moves to crack down on excessive speculation in energy markets by imposing position limits, one U.S. senator is eyeing changes in the tax code to cut trading volume, while another will propose a bill to require the reporting of over-the-counter (OTC) derivative trades — including energy transactions — to a central trade repository, making it easier for regulators to keep closer tabs on the market.

Eyeing up to $1 billion in federal stimulus package funding, California claimed Tuesday to be the first state to submit its application for American Recovery and Reinvestment Act (ARRA) State Energy Program (SEP) funding. The California Energy Commission (CEC) successfully completed the state’s SEP filing, which promises massive energy savings and more than 2,000 new jobs, according to Gov. Arnold Schwarzenegger.

With traders eyeing the continued deterioration of the natural gas technical and fundamental environment, May futures on Friday plumbed new lows for the move, further exposing the possibility of a breach of the $3 price level. The prompt-month contract ended Friday’s regular session at $3.297, down 11.2 cents from Thursday’s finish and a whopping 43.2 cents lower than the previous week’s close.

Eyeing a long-term power market play, RBS Sempra Commodities and Abu Dhabi National Energy Co. (TAQA) last Wednesday announced the creation of a global partnership, TAQA Gen X, and its first downstream joint venture in North America.

Eyeing a long-term power market play, RBS Sempra Commodities and Abu Dhabi National Energy Co. (TAQA) Wednesday announced the creation of a global partnership, TAQA Gen X, and its first downstream joint venture in North America.

The commercial success of natural gas shale plays in the United States has producers large and small eyeing the potential of gas shale that covers the northeastern corner of British Columbia, which is estimated to hold 250-1,000 Tcf of gas in place.