Supplying the growing demand for natural gas in the future willbe a foot race between the costs of producing it and the constantlychanging technology to market it. Marketers also have to leap twoimportant hurdles — regulations and taxes — before crossing thefinish line. Still, it’s a race with a lot of winners, says StuartMcGill.
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ExxonMobil Sees Gas in Cost, Technology Race
Supplying the growing demand for natural gas in the future willbe a foot race between the costs of producing it and the constantlychanging technology to market it. Marketers also have to leap twoimportant hurdles — regulations and taxes — before crossing thefinish line. Still, it’s a race with a lot of winners, says StuartMcGill.
Florida Court Shoots Down Merchant Plant Appeal
Merchant power plant developers attempting to get a foot in thedoor in Florida were thrown out again by the state Supreme Court.The court rejected Duke Energy’s motion for rehearing of a decisionhanded down this spring that said the state’s public servicecommission had no authority to approve a 514 MW merchant plant Dukeplanned to build in New Smyrna Beach.
Florida Court Shoots Down Merchant Plant Appeal
Merchant power plant developers attempting to get a foot in thedoor in Florida were thrown out again by the state Supreme Court.The court rejected Duke Energy’s motion for rehearing of a decisionhanded down this spring that said the state’s public servicecommission had no authority to approve a 514 MW merchant plant Dukeplanned to build in New Smyrna Beach.
Aspect Opts to Flare Gas at Texas Well Blow Out
Aspect Resources LLC of Denver, CO abandoned its plans to cap a10,000-foot blown-out natural gas well in Anahuac, TX, yesterday,opting instead to install a flare to burn off the escaping gas.Crews had tried unsuccessfully through the day Wednesday and intothe early morning yesterday to cap the well, which has spewednatural gas since a blowout during drilling last Saturday.
Anadarko to Build New HQ
Anadarko Petroleum Corp., an independent oil and gas company,announced Wednesday it has purchased 7.5 acres in a Houston suburbin order to build a 32-story, 800,000 square foot headquartersbuilding. The company said it needs to move to accommodate itsgrowth needs. Groundbreaking is expected early next year. Anadarkoplans to move in mid-2002.
Cold Has Price Increases Speeding Up Again
After tapping on the brakes a few times Wednesday, theresurgence in November prices had its foot back on the acceleratorThursday. While not quite pedal-to-the-metal as in Tuesday’s gainsthat often hit 30 cents or more, double-digit increases againdominated the cash market.
EES Makes Another Real Estate Alliance
Insignia/ESG, Inc. formed an alliance with Enron Energy Services(EES) to provide energy services for a 215 million-square-footportfolio of commercial and residential properties leased andmanaged by Insignia/ESG throughout the United States. Enron willanalyze energy consumption and cut costs through efficiencyenhancements. “This program will allow us to take advantage ofmarket opportunities that have arisen from deregulation of theenergy industry,” said Stephen B. Siegel, CEO of Insignia/ESG.