The liquefied natural gas (LNG) industry has grown steadily for at least 30 years, but the latest trends point to a major expansion in trade, especially in the Atlantic Basin, according to a report issued Friday by a Standard & Poor’s (S&P) analyst.
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Tight Bonding Market, Interior Requirements Take Toll on Producers
Oil and natural gas producers, particularly independents, are paying a heavy price in a bonding market that has grown increasingly tight in the wake of the Sept. 11 terrorist attacks and the major bankruptcies of Enron Corp. and K-Mart, six major producer groups told the Interior Department last week. They called on the agency to ease up on some of its bonding requirements for producers in light of market conditions.
Tight Bonding Market, Interior Requirements Take Toll on Producers
Oil and gas producers, particularly independents, are paying a heavy price in a bonding market that has grown increasingly tight in the wake of the Sept. 11 terrorist attacks and the bankruptcies of Enron Corp. and K-Mart, six major producer groups told the Interior Department Monday. They called on the agency to ease up on some of its bonding requirements for producers in light of market conditions.
Philadelphia Gas Works Still Mired in Trouble
The woes of Philadelphia’s main gas utility, Philadelphia GasWorks (PGW), have grown to embarrassing levels as computer systemproblems, debt, and customer unhappiness continue to dominate thescene. The situation came to a head last week, as the hierarchy ofPGW testified before the Philadelphia Gas Commission during publichearings of the utility’s budget process.
Mitchell Grows Reserves With TX Acquisitions
Mitchell Energy & Development has grown its gas reserves toan all-time high and increased combined oil and gas reserves bynearly 10% over the last six months by acquiring producingproperties in Limestone and Colorado counties in Texas.