The Mexican government is taxing Petroleos Mexicanos (Pemex) to death, and a recently adopted support package to prop up Pemex is not enough, Fitch Ratings said in a note last week.
Tag / Insufficient
SubscribeInsufficient
Articles from Insufficient
EPA: Dimock Water Tests Safe For Fourth and Final Time
The U.S. Environmental Protection Agency (EPA) announced Friday that a fourth and final round of testing indicates that water from 12 private wells in Dimock Township, PA is safe to drink, and found no evidence of contamination from natural gas drilling.
Stuck in the Middle, November Drifts Lower
November futures eased in light trading Monday as traders saw the day’s activity as insufficient to attract the attention of either bulls or bears. At the close November had fallen 2.5 cents to $3.604 and December had shuffled lower by 3.2 cents to $3.794. December crude oil rocketed higher in concert with equity market strength, adding $3.87 to $91.27/bbl.
Bromwich: Industry Tests Waters of Permit Review Process
The nation’s top regulator of offshore oil and natural gas activity said the agency suspects that some in industry are purposely submitting insufficient permit applications to test just how stringent and precise the post-BP review process is.
Bromwich: Industry Tests Waters of Permit Review Process
The nation’s top regulator of offshore oil and natural gas activity said the agency suspects that some in industry are purposely submitting insufficient permit applications to test just how strict and precise the review process is.
Transportation Notes
Southern California Gas declared a high-linepack OFO for Friday, setting a 10% tolerance for positive daily imbalances.
Transportation Notes
Citing “insufficient supplies of gas,” CIG notified customers that it anticipates suspending operations at the Natural Buttes Processing Plant starting June 1. The plant “was designed to provide gas conditioning services for a volume of gas that greatly exceeds the current throughput of the facility,” the pipeline said. It also reported receiving notice that effective June 1 a large percentage of current throughput at Natural Buttes will be diverted to the new Chipeta cryogenic processing plant and redelivered to CIG at the Anabuttes receipt point. CIG said it will attempt to continue operating the Natural Buttes plant but expects to suspend that activity “until such time as additional volumes are available for conditioning.” A restart of the plant is estimated to take approximately 24 to 48 hours depending on ambient temperatures, CIG said. While Natural Buttes operations are interrupted, all gas tendered to CIG at that receipt point will be required to meet the pipeline’s mainline gas quality requirements.
Most Points Softer Despite Widespread Cold in East
Sub-freezing low temperatures either continuing or returning Friday in sections of the Deep South proved insufficient to sustain higher prices in a modest majority of the cash market Thursday.
Transportation Notes
Transco reported that “insufficient receipts to meet delivery obligations on the Mobile Bay Lateral have resulted in significant imbalance and pressures that do not support normal operations on the lateral.” These “significant operational difficulties” mean that the pipeline may be required to issue an OFO for Zones 4A and 4B, Transco said. It urged customers to resolve existing due-pipeline imbalances or Operational Balance Agreement party imbalances.
Rockies Continue to Defy Overall Price Softness
Gradually increasing heat levels in the interior West and Southeast proved insufficient Thursday to keep most of the cash market from continuing a slide that had begun two days earlier. The Rockies again were at odds with the overall trend by making gains ranging from a little less than 15 cents to nearly 35 cents.