Greatest

“The overall damage caused by Hurricanes Katrina and Rita has shown them to be the greatest natural disasters to oil and gas development in the history of the Gulf of Mexico,” said MMS Regional Director Chris Oynes.

The gas supply source that will have the greatest intermediate-term impact on the market will be imported liquefied natural gas (LNG), and currently it appears that 16 out of the 90 LNG regasification proposals in North America will be constructed, according to Energy Ventures Analysis Inc. (EVA) consultant Steve Thumb.

Calling the construction of a natural gas pipeline “our greatest prospect for new jobs and prosperity,” Gov. Frank Murkowski told Alaskans Wednesday he expected to be able to soon deliver to the legislature one or more Stranded Gas contracts by applicants seeking to build pipelines to tap the state’s huge gas resources.

Calling the construction of a natural gas pipeline “our greatest prospect for new jobs and prosperity,” Gov. Frank Murkowski told Alaskans Wednesday he expected to be able to soon to deliver to the legislature one or more Stranded Gas contracts by applicants seeking to build pipelines to tap the state’s huge gas resources.

As presaged in late declines a day earlier, the physical market began to retreat for the most part Thursday from two strong surges earlier in the week. The Northeast cold snap that had helped generate the bullishness of Tuesday and Wednesday was expected to be yielding to milder weather during the weekend.

Much like in trading for the long holiday weekend, the West showed the greatest relative price strength Tuesday, but even that region succumbed to overall falling numbers. With a natural gas screen dip of 9.2 cents almost lost in a general crash of energy futures and forecasts pointing to a cool September for most of the eastern U.S., prospects for a substantive gas price rally appear remote.

Nuclear and cyber attacks have the potential for the “greatest impact” on an energy firms’ operations and the general welfare of the public, according to a new Utilis Energy report. The Energy Infrastructure Security 2003 report is designed to point out vulnerabilities and offer recommendations on how to protect employees, assets, operations and the public. The report includes the following: information on security in the oil, gas and power sectors and methods to quantify risks; potential threats such as vulnerabilities from explosives and sabotage; the consideration of new, high-tech cyber threats and their potential to seriously harm a firm’s operations, including vulnerabilities and suggested fixes; the exploration of legal issues and constraints to energy infrastructure and security issues; and the nuclear energy sector due to the potentially catastrophic effects of an attack on atomic facilities. The report also provides human resource issues for creating and implementing policies relating to sabotage and bomb threats. It includes several case studies that address the costs and potential impacts of terrorist attacks, their possible effects on energy markets, staff and civilians. To obtain a copy of the report, visit www.utilisenergy.com.

Fixing the current system of natural gas price reporting by trade publishers “has the greatest potential to restore confidence in the shortest period of time,” a report by Charles Schwab’s Washington Research Group concluded, but politicians, regulators, and a potential short-supply, high-price crisis could produce more drastic measures.

Fixing the current system of natural gas price reporting by trade publishers “has the greatest potential to restore confidence in the shortest period of time,” a report by Charles Schwab’s Washington Research Group concluded, but politicians, regulators, and a potential short-supply, high-price crisis could produce more drastic measures.