Fashion

Removing the moratorium on offshore oil and natural gas drilling isn’t likely to take place on a “large scale,” but rather is more likely to occur in a piecemeal fashion, with coastal states leading the charge, said Minerals Management Service (MMS) Director Randall Luthi last Wednesday.

Removing the moratorium on offshore oil and natural gas drilling isn’t likely to take place on a “large scale,” but rather is more likely to occur in a piecemeal fashion, with coastal states leading the charge, said Minerals Management Service (MMS) Director Randall Luthi Wednesday.

In a clear indication that privately financed, natural gas-fired power generation is still in fashion, Pacific Gas and Electric Co. Tuesday announced a recent request-for-offers (RFOs) has turned up 1,760 MW of new combined-cycle generation plants, equating to more than $1.5 billion of new energy infrastructure in the northern half of California. The RFO drew more than 50 respondents, totaling more than 12,000 MW — all natural gas-fired supplies, PG&E’s utility said.

In a clear indication that privately financed, natural gas-fired power generation is still in fashion, Pacific Gas and Electric Co. Tuesday announced a recent request-for-offers (RFOs) has turned up 1,760 MW of new combined-cycle generation plants, equating to more than $1.5 billion of new energy infrastructure in the northern half of California. The RFO drew more than 50 respondents, totaling more than 12,000 MW — all natural gas-fired supplies, PG&E’s utility said.

While supporting efforts of FERC to process proposals to build liquefied natural gas (LNG) import terminals in a timely fashion, gas distributor KeySpan Energy said it was “equally important” for the federal agency to take the proper steps to ensure that LNG supplies “do not compromise the safety and reliability of existing distribution systems.”

While supporting efforts of FERC to process proposals to build liquefied natural gas (LNG) import terminals in a timely fashion, gas distributor KeySpan Energy said it was “equally important” for the federal agency to take the proper steps to ensure that LNG supplies “do not compromise the safety and reliability of existing distribution systems.”

Regulatory approvals of Kinder Morgan’s $5.6 billion purchase of Terasen Inc. came in rapid fashion with the final green light granted by Investment Canada on Wednesday, only three months after the massive cross-border combination was first announced.

Moving in a zig-zag fashion for the majority of the day, January natural gas futures seemed to have at least some of its action on the day dictated by the petroleum complex. The prompt month settled up 6.2 cents Wednesday at $6.683.

Moving in a zig-zag fashion for the majority of the day, January natural gas futures seemed to have at least some of its action on the day dictated by the petroleum complex. The prompt month settled up 6.2 cents Wednesday at $6.683.