Historic

California Grid Likely Gassy This Summer

With 2,220 MW of nuclear power still out of service and snow pack levels at historic lows, California’s electric grid operator unveiled what it hopes is a stable summer electricity supply-demand assessment for review by the California Independent System Operator (CAISO) Board of Governors.

March 22, 2012

WSI: Spring and Early Summer Temperatures a Mixed Bag

Following an unusually warm winter that limited natural gas consumption and helped drive prices down and inventories to historic highs, spring and early summer are likely to bring a mixed weather bag, including mostly warmer-than-normal temperatures in the Northeast, according to forecasters at Andover, MA-based Weather Services International (WSI).

March 20, 2012

IHS CERAWeek: ExxonMobil CEO Says ‘Historic’ Energy Makeover Under Way

ExxonMobil Corp. CEO Rex Tillerson on Friday said North America is in the midst of an “historic energy transformation.” And “the world is watching.”

March 12, 2012

IHS CERAWeek: ExxonMobil CEO Says ‘Historic’ Energy Makeover Under Way

ExxonMobil Corp. CEO Rex Tillerson on Friday said North America is in the midst of an “historic energy transformation.” And “the world is watching.”

March 12, 2012

TransCanada: Marcellus-Backed Flow Reversal Is Inevitable

A historic reversal of natural gas flows between Canada and the United States is inevitable, TransCanada Corp. says. The company is urging acceptance of its plan to make the switch with its own natural gas Mainline between Alberta and Ontario as the lesser of two evils.

March 7, 2012

Sempra Reworks Tangguh LNG Contract from Indonesia

Given continuing historic low U.S. natural gas prices, San Diego-based Sempra Energy said Tuesday it has amended its 20-year contract for liquefied natural gas (LNG) shipments from the Tangguh project in Indonesia to allow BP Indonesia more flexibility to divert LNG shipments to other, higher-paying global markets, particularly those on the Pacific Rim.

February 29, 2012

TransCanada: Marcellus-Backed Flow Reversal Inevitable

A historic reversal of natural gas flows between Canada and the United States is inevitable, TransCanada Corp. says. The company is urging acceptance of its plan to make the switch with its own natural gas Mainline between Alberta and Ontario as the lesser of two evils.

February 27, 2012

Shale-Driven Low Gas Prices Reorder Power Sector

Shale-inspired historic low prices for natural gas are reconfiguring the electricity generation sector, particularly for renewable or clean power, according to Sacramento, CA-based consultant/independent power entrepreneur Mark Henwood. The market is beginning to notice what Henwood called “this rapid shift in natural gas economics.”

January 9, 2012

Persistently Low Gas Prices Reorder Power Sector

Historic low prices for natural gas are reconfiguring the electricity generation sector, particularly for renewable or clean power, according to Sacramento, CA-based consultant/independent power entrepreneur Mark Henwood. The market is beginning to notice what Henwood called a “rapid shift in natural gas economics.”

January 9, 2012

Continued Low Gas Prices Reordering Power Sector

Shale-inspired historic low prices for natural gas are reconfiguring the electricity generation sector, particularly for renewable or clean power, according to Sacramento, CA-based consultant/independent power entrepreneur Mark Henwood. The market is beginning to notice what Henwood called “this rapid shift in natural gas economics.”

January 6, 2012