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 may hold 250-1,000 Tcf of gas in place.
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NW Natural Gas Aims to Expand West Coast Footprint
With long-time nation-leading customer growth rates slowing, Portland, OR-based Northwest Natural Gas is eyeing a wider, regional role with two infrastructure projects that will enhance natural gas pipeline and storage infrastructure on the West Coast. Those plans are proceeding as envisioned, according to Northwest’s CEO Mark Dodson. Northwest on Thursday announced increased earnings in 2007 of 17% and 21% for net income and earnings-per-share, respectively ($74.5 million, or $2.78/share).
Xcel Reports Increased 3Q2006 Profits; Gas, Electric Margins Jump
Eyeing next year with increased regulatory and market certainty, Xcel Energy late last week reported increased profits for the third quarter and the nine months ended Sept. 30, posting net income of $224 million and $471 million for the two 2006 periods, respectively, compared to $196 million and $400 million for the same two periods last year.
Xcel Reports Increased 3Q2006 Profits; Gas, Electric Margins Jump
Eyeing next year with increased regulatory and market certainty, Xcel Energy late last week reported increased profits for the third quarter and the nine months ended Sept. 30, posting net income of $224 million and $471 million for the two 2006 periods, respectively, compared to $196 million and $400 million for the same two periods last year.
Oregon Coastal LNG Project Seeks Pipe, Storage Ties
Eyeing regional markets, the backers of Oregon’s only proposed coastal liquefied natural gas (LNG) receiving terminal told state regulators Thursday that the Jordan Cove LNG Project seeks broad interconnections with interstate natural gas pipelines traversing the area and gas storage in northern California, Washington and Oregon. The $500 million facility is slated for Coos Bay along the Pacific Coast in south-central Oregon.
Oregon Coastal LNG Project Seeks Pipe, Storage Ties
Eyeing regional markets, the backers of Oregon’s only proposed coastal liquefied natural gas (LNG) receiving terminal told state regulators Thursday that the Jordan Cove LNG Project seeks broad interconnections with interstate natural gas pipelines traversing the area and gas storage in northern California, Washington and Oregon. The $500 million facility is slated for Coos Bay along the Pacific Coast in south-central Oregon.
NGI The Weekly Gas Market Report
PG&E Signals Renewed Pipeline Interest in Three-Party NW LNG Plans
Signaling its full return to financial health almost two years after its utility emerged from Chapter 11, PG&E Corp. is eyeing a natural gas pipeline project in conjunction with a proposed liquefied natural gas (LNG) terminal along the Oregon coast. It would mark the return of the San Francisco-based utility holding company to a region it historically played a key role in as the operator of a major interstate gas pipeline from Alberta to northern California under its now disbanded National Energy Group (NEG).
Futures Settle Tentatively Lower, Eyeing Long Weekend vs. Cold Weather Forecasts
Bouncing up and down throughout the day in Nymex’s shortened trading session, February natural gas futures finally settled lower on Friday heading into the Martin Luther King Jr. Day holiday weekend. On fairly low volume, the prompt month settled at $6.395, down 5 cents on the day, but up 39.4 cents on the week thanks to Thursday’s significant rally.
ScottishPower U.S. Subsidiary Eyeing Natural Gas Storage Projects
Although its higher profile energy scouting work these days involves potential wind generation sites, PPM Energy, the Portland, OR-based merchant energy operator in the United States for UK-based ScottishPower, is actively looking to buy or develop natural gas storage facilities. And the company is not confining its interest to the Pacific Northwest, according to company officials.
ScottishPower U.S. Subsidiary Eyeing Natural Gas Storage Projects
Although its higher profile energy scouting work these days involves potential wind generation sites, PPM Energy, the Portland, OR-based merchant energy operator in the United States for UK-based ScottishPower, is actively looking to buy or develop natural gas storage facilities. And the company is not confining its interest to the Pacific Northwest, according to company officials.