Faced

The East Coast of North America is faced with a significant oversupply of liquefied natural gas (LNG) import capacity that will persist well into the next decade, according to a consultant’s analysis.

As results of the Alberta election sank in last week, a senior oil and gas business leader, faced with the very real possibility that oil and gas royalties will likely climb 20% next year, glumly described the industry as learning a hard lesson about its political standing.

As results of the Alberta election sank in Tuesday, a senior oil and gas business leader, faced with the very real possibility that oil and gas royalties will likely climb 20% next year, glumly described the industry as learning a hard lesson about its political standing.

Faced with a rising tide of license applications for new nuclear facilities, the Nuclear Regulatory Commission (NRC) must maintain its standards if it is to continue to meet its mission of protecting public health, safety and the environment, according to Commissioner Peter B. Lyons.

After September natural gas futures ventured north of $7 for the third consecutive session on the news that Gulf of Mexico oil and gas producers could be faced with a hurricane Thursday and another next week, the bulls were once again unable to sustain their gains as the contract dropped in the afternoon to close at $6.864, down 7.6 cents on the day.

Coming off of a fairly strong natural gas futures session on Monday and faced with widespread heat across the United States, the cash market posted healthy gains Tuesday that ranged from about a dime to over 50 cents. However, cash market gains might be a short-term phenomenon.

Despite already being a month into the official Atlantic hurricane season with only two named storms and faced with data that a storm-supporting La Nina event might fail to materialize, WSI Corp. said in its 2007 seasonal tropical outlook update that for the time being it still expects the tropical season to have 15 named storms, eight hurricanes and four intense hurricanes (Category 3 or greater).

While already a month into the official Atlantic hurricane season with only two named storms and faced with data that a storm-supporting La Nina event might fail to materialize, WSI Corp. said in its 2007 seasonal tropical outlook update that for the time being it still expects the tropical season to have 15 named storms, eight hurricanes and four intense hurricanes (Category 3 or greater).

Wyoming coalbed methane producers could soon be faced with limitations in the allowable volume of CBM water discharges. On May 30, Wyoming State Engineer Patrick Tyrrell met with the Wyoming Coalbed Methane Task Force in Casper to discuss water management strategies to deal with the tremendous volume of CBM water produced in the state.