Improve

BP plc is making good on its promises to improve performance, and the financial market turmoil actually has created new opportunities, the CEO said last week. The London-based producer was buoyed after reporting a better-than-expected 83% jump in quarterly net profit.

BP plc is making good on its promises to improve performance and to pursue new opportunities, CEO Tony Hayward said Tuesday. The London-based major reported a better-than-expected 83% jump in quarterly net profit.

Baltimore-based Constellation Energy Group will sell its upstream gas assets in an effort to improve liquidity, CEO Mayo Shattuck III said Thursday. The assets, including Constellation Energy Partners LLC (CEP), have a book basis of $850 million and could sell for as much as $1 billion, Shattuck said.

Baltimore-based Constellation Energy Group will sell its upstream gas assets in an effort to improve liquidity, CEO Mayo Shattuck III said Thursday. The assets, including Constellation Energy Partners LLC (CEP), have a book basis of $850 million and could sell for as much as $1 billion, Shattuck said.

Building on FERC’s recent actions to improve competition in the secondary market for pipeline capacity, the executive committee of the North American Energy Standards Board’s (NAESB) Wholesale Gas Quadrant voted out a protocol Wednesday for using the differentials between natural gas commodity price index points to price short-term released capacity.

Building on FERC’s recent actions to improve competition in the secondary market for pipeline capacity, the executive committee of the North American Energy Standards Board’s (NAESB) Wholesale Gas Quadrant voted out a protocol Wednesday for using the differentials between natural gas commodity price index points to price short-term released capacity.

Arizona could improve its natural gas reliability and price concerns by developing some gas storage in the state, both state regulators and the private-sector utilities said last week during a winter preparedness meeting sponsored by the Arizona Corporation Commission (ACC) in Phoenix. Some ACC members, however, questioned whether the utilities were doing enough to encourage the interstate pipelines or another source to develop the state’s first gas storage.

Arizona could improve its natural gas reliability and price concerns by developing some gas storage in the state, both state regulators and the private-sector utilities said Tuesday during a winter preparedness meeting by the Arizona Corporation Commission (ACC) in Phoenix. Some ACC members, however, questioned whether the utilities were doing enough to encourage the interstate pipelines or another source to develop the state’s first gas storage.

FERC last Thursday issued an advanced notice of proposed rulemaking (ANOPR) that seeks to make several reforms to improve the operations of the organized wholesale power markets, as well as requests public comment on the proposals.