Historically

California Recommends PG&E Pay Additional Penalty

In what would be an historically high fine, the safety staff of the California Public Utilities Commission (CPUC) last week amended its $2.25 billion penalty recommendation against or Pacific Gas and Electric Co. (PG&E) concerning the San Bruno, CA, natural gas pipeline rupture, to include a minimum of $300 million paid to the state’s general fund.

July 22, 2013

Shale Revolution to Keep NatGas Prices ‘Historically Low’

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services last week.

May 20, 2013

Shale Advantage to Stay in North America, Moody’s Says

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013

Shale Revolution to Keep NatGas Prices ‘Historically Low’

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013

NatGas, Electric Coordination Critical, MISO Exec Says

Facing the prospect of historically high levels of power generation retrofits and replacement, the multi-state Midwest Independent System Operator (MISO) has identified the need for closer coordination with the region’s natural gas system, an executive told a recent House Energy and Commerce subcommittee hearing.

March 28, 2013

Sempra Exiting Gas-Fired Merchant Power Market

With its natural gas and power unit showing red ink in the face of historically low wholesale gas and electricity prices, Sempra Energy is in the process of exiting the merchant power sector where it has been selling off nonrenewable assets, CEO Debra Reed said Tuesday during a quarterly earnings conference call with financial analysts.

November 8, 2012
Halliburton to Idle Rigs, Crews Before Chasing Business

Halliburton to Idle Rigs, Crews Before Chasing Business

Halliburton Co. CEO Dave Lesar made clear Wednesday that the slowdown in the U.S. and Canadian drilling market is only “transitory,” and the company will sit it out before cutting prices to capture new business.

October 18, 2012

EIA: Marketed Natural Gas Output Flat Through July

Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said last week.

October 8, 2012

EIA: Marketed Gas Production Flat Through July

Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said Monday.

October 2, 2012

California Governor Signs Pipe Safety Bill

California Gov. Jerry Brown last Friday signed a bill (AB 1694) into law that is aimed at improving safety of the historically lightly regulated natural gas and propane distribution piping systems at mobile home parks in the state.

July 18, 2012
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