Hard

With fourth quarter profits hit hard last year by the recession, Tulsa-based Williams’ CEO told financial analysts Thursday on an earnings conference call that the company was forced to look at possibly restructuring its three major business lines — exploration and production (E&P), midstream and natural gas pipeline units — but has decided to stay the course and reduce its capital expenditures this year to position itself to seize on opportunities when the economy improves.

Canadian producers have won an exceptionally hard-fought battle — which escalated into a human rights dispute — in a continuing war to maintain a prime drilling target, “sour” reserves laced with lethal hydrogen-sulphide.

Canadian producers have won an exceptionally hard-fought battle — which escalated into a human rights dispute — in a continuing war to maintain a prime drilling target, “sour” reserves laced with lethal hydrogen-sulphide.

Two weeks after its sponsor, Constellation Energy Group, fell on hard times and agreed to be acquired by Berkshire Hathaway’s MidAmerican Energy Holdings, Constellation Energy Partners LLC (CEP) has put itself on the “for sale” block.

Cash prices took a hard fall across the board Friday, weighed down by a 46.5-cent prior-day futures plunge, the continuance of relatively light cooling load outside the southern U.S. (including the Midcontinent and Rockies) and the loss of industrial demand during a weekend.

Using horizontal drilling techniques that have led to phenomenal success onshore in North America, BP plc plans to spend $1.5 billion to tap a hard-to-reach offshore reservoir in the Arctic waters of the Beaufort Sea.

Despite increasing domestic gas production, “it will be hard for U.S. natural gas inventories to reach full levels by the end of the summer” if imports of liquefied natural gas (LNG) remain at record-low levels, Goldman Sachs energy analysts wrote in a research note last week.

Despite increasing domestic gas production, “it will be hard for U.S. natural gas inventories to reach full levels by the end of the summer” if imports of liquefied natural gas (LNG) remain at record-low levels, Goldman Sachs energy analysts wrote in a research note this week.

Coming down hard on a few of the state’s natural gas marketers on allegations that they violated the Natural Gas Competition and Deregulation Act and the Natural Gas Consumers’ Relief Act, the Georgia Public Service Commission (PSC) has reached a settlement with Georgia Natural Gas (GNG), but will hold hearings this spring related to SCANA Energy after the marketer rejected the commission’s proposed settlement.