Keys

PSEG Power has bought the 755 MW Keys Energy Center project from Genesis Power LLC and plans to begin construction of the natural gas-fired combined-cycle plant this year, the PSEG subsidiary said Wednesday.

Encana Corp. has commissioned the Cavalier liquefied natural gas (LNG) facility in Alberta, considered one of the keys to bring higher volumes of natural gas to heavy-duty trucking and other fleets in Western Canada and elsewhere.

Petrohawk Energy Corp. got into the Eagle Ford Shale and moved fast. Those are the keys to success in shale plays, the company’s vice president of exploration, Charles Cusack, told a Houston audience Wednesday.

New and continuously improving drilling technologies have handed producers the keys to unlock more onshore natural gas and oil reserves with fewer wells and at a lower cost, but today’s innovations have only scratched the rock’s surface, a Schlumberger Ltd. executive said recently.

New and continuously improving drilling technologies have handed producers the keys to unlock more onshore natural gas and oil reserves with fewer wells and at a lower cost, but today’s innovations have only scratched the rock’s surface, a Schlumberger Ltd. executive said recently.

Calgary-based EnCana is digging in to expand its vast coalbed methane (CBM) resources, announcing Tuesday an ambitious plan to develop 700,000 acres of property in southern Alberta — assets estimated to contain more than 2 Tcf of recoverable natural gas.

North America’s unquenchable thirst for natural gas could grow to 89 Bcf/d by 2015 (from about 59.4 Bcf/d last year), necessitating a push to expand existing liquefied natural gas (LNG) facilities and begin development of two northern natural gas pipelines, energy executives said in Houston Wednesday.

While the world has “plenty” of energy reserves to meet its needs over the next two decades, supply is not guaranteed, and “massive” investments will be required in both infrastructure and technology to solve the problem, according to a study by the International Energy Agency (IEA). The French organization released its “World Energy Outlook 2001 Insights: Assessing Today’s Supplies to Fuel Tomorrow’s Growth,” which offers conclusions by 15 analysts from around the world.

With the Supreme Court last week effectively handing the keys tothe White House to now President-elect George W. Bush, speculationhas escalated in Washington D.C. over who will be tapped as thenext FERC chairman under a Republican administration.