After allowing an OFO Type 6 that had been implemented on the previous Friday to expire last Tuesday, Southern Natural Gas said Friday that “based on historically high storage inventory levels and projected high injection requirements for the upcoming weekend,” it would implement another OFO Type 6 for long imbalances Saturday (Sept. 12) until further notice. Tiered penalties would apply to positive daily imbalances exceeding 2% or 200 Dth, whichever was greater.
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Southern Natural Gas said that based on forecasted supply and “historically low demand for the upcoming holiday weekend,” it will implement an OFO Type 6 for long imbalances Friday. Tiered penalties of $1-15/Dth will apply to positive daily imbalances exceeding 2% or 200 Dth, whichever is greater.
Energy Policy ‘Boom Industry’ in Obama Administration
Even in the current troubled economy — and because of it — there will be historically large amounts of money and projects for energy-related programs in the Obama administration, according to Slade Gorton, a Seattle attorney and former Republican senator.
Energy Policy ‘Boom Industry’ in Obama Administration
Even in the current troubled economy — and because of it — there will be historically large amounts of money and projects for energy-related programs in the Obama administration, according to Slade Gorton, a Seattle attorney and former Republican senator.
Utah Energy Potpourri — Fossil + Alternatives
In a state that historically has liked its electricity supplies coal-based to match one of its most abundant native resources, Utah’s energy picture is increasingly becoming a stew complete with increased natural gas, oil, geothermal, solar and even some visions of a first-in-the-state nuclear generation plant. The state Division of Oil, Gas and Mining earlier this summer confirmed that record natural gas and oil production is showing up in Utah.
Utah Becoming Energy Potpourri — Fossil Fuels, Alternatives
In a state that historically has liked its electricity supplies coal-based to match one of its most abundant native resources, Utah’s energy picture is increasingly becoming a stew complete with increased natural gas, oil, geothermal, solar and some visions of even a first-in-the-state nuclear generation plant. The state Divison of Oil, Gas and Mining earlier this summer confirmed that record natural gas and oil production is showing up in Utah.
S&P Says Escalating E&P Share Repurchases Tempers Ratings
Thanks to historically high hydrocarbon prices, exploration and production (E&P) companies in 2006 are once again rewarding shareholders through stock repurchases and dividend increases. However, Standard & Poor’s (S&P) said those large share buybacks have tempered the credit ratings improvement E&Ps likely would have received otherwise.
S&P Says Escalating E&P Share Repurchases Tempers Ratings
Thanks to historically high hydrocarbon prices, exploration and production (E&P) companies in 2006 are once again rewarding shareholders through stock repurchases and dividend increases. However, Standard & Poor’s (S&P) said those large share buybacks have tempered the credit ratings improvement E&Ps likely would have received otherwise.
Abraham: U.S. Energy Supply Dilemma Needs Addressing
With tight U.S. energy markets keeping prices at historically high levels, “several storm clouds are on the horizon” for the industry unless the supply burden is eased, according to former U.S. Secretary of Energy Spencer Abraham. He noted that another spike in energy prices could bring a backlash from the general public, which in turn could spark U.S. government intervention.
Abraham: U.S. Energy Supply Dilemma Needs Addressing
With tight U.S. energy markets keeping prices at historically high levels, “several storm clouds are on the horizon” for the industry unless the supply burden is eased, according to former U.S. Secretary of Energy Spencer Abraham. He noted that another spike in energy prices could bring a backlash from the general public, which in turn could spark U.S. government intervention.