Sempra Energy Trading announced it has relocated its corporateheadquarters to Stamford, CT, from Greenwich. The energy marketersigned a 10-year-lease on a 35,000 square-foot renovated warehousein Commerce Park. The new space is nearly double the size ofSempra’s former offices and features a 15,000-square-foot tradingfloor. “It is large enough to accommodate our future growth plans,”said David Messer, president of Sempra Energy Trading. Thewarehouse space was transformed easily into a trading floor due toits high ceilings, open space and heavy power supply, he added. Therenovations included the addition of a new trading floor, offices,conference rooms, cafeteria and library. Currently, the newheadquarters houses 153 employees. Formerly known as AIG Trading,Sempra Energy Trading adopted its current name when it was jointlyacquired by Sempra Energy (formed by the merger of Enova Corp. andPacific Enterprises) in August 1997.
Industry
Articles from Industry
Oil Dominance Wanes; Clean Gas Takes the Lead
The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.
San Juan Production Still Gaining Ground
The longevity of the San Juan Basin never ceases to amaze mostindustry observers. Like the Denver Broncos’ John Elway, thewestern producing basin in New Mexico and Colorado just seems tokeep coming back each year to produce even more despite its age andthe endless predictions of its degeneration by its critics.
Oil Dominance Wanes as Clean Gas Takes the Lead
The energy industry has begun the “last days of the age of oil,”with a cast of cleaner fuels waiting to take center stage,according to ARCO CEO Mike R. Bowlin.
Parker Dispels Rumors of AGA-EEI Union
American Gas Association President David Parker yesterdaydismissed industry speculation that the gas LDC group is exploringthe prospect of combining with its electric counterpart, the EdisonElectric Institute.
Coastal CEO Bullish on Gas
Think anything but gas is the way to go for the energyindustry’s future? Forget about it. Gas is where it’s at and whereit will continue to be for some time, Coastal CEO David Arledgetold a room full of producers in Houston at the Texas IndependentProducers & Royalty Owners Association’s (TIPRO) Tuesdayluncheon yesterday.
Industrials Riled by Fees for Info on GISB Standards
Industrial gas users want to “comment” on the revised and newGas Industry Standards Board’s (GISB) standards that FERC proposedfor adoption in December, but there’s only one problem – they don’tknow what they are. The Commission apparently doesn’t have a copyof the proposed changes on file, they said, and to get them fromthe standards-setting organization could cost the tidy sum of$3,500.
Industrials Riled by GISB’s Fees for Standards Info
Industrial gas users want to “comment” on the revised and newGas Industry Standards Board’s (GISB) standards that FERC proposedfor adoption in December, but there’s only one problem – they don’tknow what they are. The Commission apparently doesn’t have a copyof the proposed changes on file, they said, and to get them fromthe standards-setting organization could cost up to $3,500.
INGAA: It Will Be Tough to Meet a 30 Tcf Market
A 30 Tcf market is “widely anticipated and economicallypossible” by 2010, but it will not be achieved easily as allsegments of the natural gas industry will face considerablefinancial and infrastructure challenges to help supply and servethat demand, said a study issued by the INGAA Foundation Inc. onMonday.
Update of GISB Regs Gets Nod at FERC
FERC last week proposed a rulemaking that would update theexisting consensus standards of the Gas Industry Standards Board(GISB) with respect to confirmation practices, standardization ofinformation on pipeline Internet web sites and electronic datasets[RM96-1-011].
