Foot

Despite forecasts of a significant winter weather event for later in the week, natural gas futures bulls took their foot off the accelerator on Wednesday as the week recorded its first prompt-month contract decline. After reaching a high of $5.558 just after 10 a.m. EST, March futures closed the day’s regular session at $5.419, down 3.5 cents from Tuesday’s finish.

U.S. Coast Guard (USCG) marine investigators are working to determine what caused the grounding of the 920-foot, double-hulled liquefied natural gas (LNG) tanker Matthew on Tuesday, USCG said late Tuesday morning.

The 945-foot Clean Force liquefied natural gas (LNG) tanker arrived Wednesday morning at the Freeport LNG receiving terminal on Quintana Island in Brazoria County, TX. It is the first vessel to come to the terminal to pick up LNG for re-export rather than deliver a cargo.

The 945-foot Clean Force liquefied natural gas (LNG) tanker arrived last Wednesday morning at the Freeport LNG receiving terminal on Quintana Island in Brazoria County, TX. It is the first vessel to come to the terminal to pick up LNG for re-export rather than deliver a cargo.

The entire energy complex took its foot off the accelerator on Tuesday following the significant gains racked up in Monday’s session. September natural gas futures ended up dropping three pennies to $4.001, while September crude futures backed off 16 cents to $71.42/bbl.

Enbridge Inc. may expand its central Gulf of Mexico (GOM) offshore natural gas system to accommodate up to 100 MMcf/d from Chevron USA Inc.’s potential Jack, St. Malo and Big Foot ultra-deepwater developments, the Calgary-based company said last week.

Enbridge Inc. may expand its central Gulf of Mexico (GOM) offshore natural gas system to accommodate up to 100 MMcf/d from Chevron USA Inc.’s potential Jack, St. Malo and Big Foot ultra-deepwater developments, the Calgary-based company said Wednesday.

Natural gas leases sold in 2006 on about 63,000 acres of endangered black-foot ferret habitat in the Wolf Creek area of northwestern Colorado have been voided by the Bureau of Land Management’s (BLM) appeals board.

Chesapeake Energy Corp. began drilling for natural gas at Dallas/Fort Worth (DFW) International Airport last week. The company’s 170-foot-tall drilling rig launches the largest gas exploration effort at a major U.S. airport, and the project represents the single largest gas lease in the Barnett Shale formation, Chesapeake said.