Gordon

Wyoming’s new Gov. Mark Gordon indicated in a state of the state address earlier this month that his administration would continue ongoing efforts to keep energy — oil, natural gas and coal — at the forefront of the economy.

October natural gas futures were trading about 1.6 cents higher Wednesday morning at around $2.842/MMBtu, stanching the bleeding from the prior session’s selloff as forecasts overnight showed summer heat easing toward the second half of the month.

October natural gas futures were down about 6.4 cents at around $2.852/MMBtu in early morning trading Tuesday as a combination of near-term tropical weather and longer-term seasonality posed downside risks for demand.

About 156,907 b/d (9.23%) of oil production and 232 MMcf/d (9.06%) of natural gas output had been shut in by midday Tuesday in the U.S. Gulf of Mexico (GOM) as operators prepared to face Tropical Storm Gordon, a likely Category 1 hurricane before it was to make landfall by Tuesday night.

A coalition of organizations on Thursday delivered a letter to the New York Department of Environmental Conservation Commission (DECC), calling on the agency to undertake an environmental review of “any” applications for shale gas exploration using liquefied petroleum gas (LPG) in hydraulic fracturing (fracking) stimulation processes — the precise process to be used to develop an unconventional leasehold in Tioga County.

Gordon Shearer, CEO of Weaver’s Cove Energy LLC, the backer of a long-suffering proposal for a liquefied natural gas (LNG) receipt terminal in Fall River, MA, got more bad news last Wednesday in a letter from the U.S. Coast Guard. The project’s demise could be at hand, but a spokesman says an appeal is as well.

Gordon Shearer, CEO of Weaver’s Cove Energy LLC, the backer of a long-suffering proposal for a liquefied natural gas (LNG) receipt terminal in Fall River, MA, got more bad news Wednesday in a letter from the U.S. Coast Guard. The project’s demise could be at hand, but a project spokesman says an appeal is as well.

Nova Scotia’s Energy Minister Gordon Balser officially launched the province’s new Department of Energy Tuesday, and told a business audience in Halifax that the blueprint for the department will be its independent energy strategy, unveiled last December, which will set the tone for how much the oil and gas industry, coupled with eventual electricity deregulation, will grow in the frontier territory (see Daily GPI, Dec. 13, 2001).

Pacific Gas and Electric Co. CEO Gordon Smith told analysts last Thursday that the PG&E Corp. utility subsidiary is unlikely to reach some type of settlement agreement with regulators similar to the one regulators reached with Southern California Edison. PG&E’s electric rates are a penny/kWh lower and its debt is much higher than Edison’s was at the time of the settlement, he said.