Hope

Heading into what they hope is the home stretch for their permitting process, backers of the Jordan Cove liquefied natural gas (LNG) project at Coos Bay, OR, said last Monday they have reached an agreement with the Oregon Department of Energy on the would-be terminal’s future commitments to state, county and other governmental agencies. The announcement comes as the Jordan Cove backers await a final FERC environmental assessment May 1.

It could take up to $2 billion and the next six years, but engineers at Southern California Edison Co. (SCE) think it is realistic to hope that a consortium by 2015 can turn petroleum refinery waste into an integrated gas combined-cycle (IGCC) power plant with carbon capture storage in nearby oil fields. But SCE’s project manager, Mark Nelson, told NGI the first step is to complete a feasibility study.

Heading into what they hope is the home stretch for their permitting process, backers of the Jordan Cove liquefied natural gas (LNG) project at Coos Bay, OR, announced Monday they have reached an agreement with the Oregon Department of Energy on the would-be terminal’s future commitments to state, county and other governmental agencies. The announcement comes as the Jordan Cove backers await a final FERC environmental assessment May 1.

The first of what proponents hope will be thousands of clean-fueled, heavy-duty cargo-toting trucks arrived at the combined Long Beach and Los Angeles Ports Tuesday, beginning a 12-month demonstration of compressed natural gas (CNG)-fueled transport of containers off-loaded from ships in the nation’s busiest port facility. Sempra Energy, regional air pollution regulators and the two ports are collaborating in the effort to replace diesel-powered transport.

Hope that natural gas will flow out of the Canadian Arctic was revived among boosters of the stalled northern pipeline project after four producers took out new exploration rights in the Beaufort Sea (see Daily GPI, July 20).

Hope that natural gas will flow out of the Canadian Arctic was revived among boosters of the stalled northern pipeline project after four producers took out new exploration rights in the Beaufort Sea. Imperial Oil, ExxonMobil Canada, ConocoPhillips Canada and Chevron Canada scooped up 1,600 square miles (4,172 square kilometers)of drilling rights in a region offshore of the Mackenzie Delta long known to be rich in gas.

Calpine Corp.’s restructuring plan and accompanying disclosure statement offer hope the independent power plant developer/operator will return to profitability fairly quickly, company officials said Wednesday. However, it won’t be known if creditor claims will exceed the company’s value until it emerges from bankruptcy, and in the meantime the independent power plant developer has to quickly address major creditor claims and possible lawsuits.

One week after it appeared that all hope might have been lost in its bid to acquire the Chicago Board of Trade, Atlanta-based IntercontinentalExchange Inc. (ICE) on Wednesday announced it has sweetened the deal by reaching an agreement with the Chicago Board Options Exchange (CBOE), which could help settle a long-running legal dispute between the options trading exchange and cross-town rival CBOT.

The Fayetteville Shale of Arkansas is showing a lot of promise for natural gas producers. Now, two advocacy groups hope that promise translates into more dollars for Arkansas residents.