Hopes

Junior explorer Triangle Petroleum Corp., which has pinned its hopes on the natural gas potential in Nova Scotia, reported Wednesday that a log analysis of two wells in the Windsor Basin yielded an estimated 89-109 Bcf of original gas in place (OGIP) per section from the Horton Bluff formation.

Dashing the hopes of renewable energy advocates and some lawmakers, the $150 billion economic stimulus package ironed out by the Bush administration and Capitol Hill leaders last week failed to include an extension for renewable energy tax credits that are set to expire at the end of the year.

Pacific Gas & Electric did not extend a customer-specific Stage 2 low-inventory OFO beyond Friday.

EnCana Corp. has buoyed the hopes of Nova Scotia’s offshore oil and natural gas industry by designating a Swiss company to build and operate its planned Deep Panuke mobile offshore production unit.

In a program it hopes to replicate with other cities and utilities, Sempra Energy’s Southern California Gas Co. has committed up to $2.2 million in energy efficiency programs and services to the Palm Desert (CA) Demonstration Project for 2007-2008, with the possibility of more funds in subsequent years, the company said Tuesday. The program serves part of the energy-sensitive desert resort community about 120 miles east of downtown Los Angeles.

Los Angeles Department of Water and Power (LADWP) missed a special meeting Tuesday of its oversight board but hopes to get approval in the next few weeks for a public power consortium’s pre-paid natural gas supply contract. A source close to the arrangement that was brokered by a public power financing arm, the Southern California Public Power Authority (SCPPA), said LADWP is taking more time than previously anticipated to get the deal approved.

After waiting for 30 years, the pro-industry faction in Canada’s Northwest Territories refuses to let rising costs and prolonged regulatory dueling freeze the hopes for an arctic natural gas production and pipeline development.

After waiting for 30 years, the pro-industry faction in Canada’s Northwest Territories refuses to let rising costs and prolonged regulatory dueling freeze the hopes for an arctic natural gas production and pipeline development.

Dominion said it took Maxwell Station out of service Thursday morning for unexpected repairs and hopes to have the station back in service early next week. Production in bubbles 4401 and 3214 was required to shut in until further notice.