When Alaska Gov. Frank Murkowski was defeated in his bid for reelection last year, many knew it was game over for the old-line producers that had been negotiating behind the scenes on building a natural gas pipeline across the state. With the arrival of new politicians, however, new industry players also are arriving on the scene, and two last week offered their support for Gov. Sarah Palin’s revamped pipe proposal.
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Chevron, BG See Renewed Possibilities for Alaska Gasline
When Alaska Gov. Frank Murkowski was defeated in his bid for reelection last year, many knew it was game over for the old-line producers that had been negotiating behind the scenes on building a natural gas pipeline across the state. With the arrival of new politicians, however, new industry players also are arriving on the scene, and two this week offered their support for Gov. Sarah Palin’s revamped pipe proposal.
Koenig Testifies Lay, Skilling Actively Involved in Enron Finances
Enron Corp. founder Kenneth Lay and ex-CEO Jeffrey Skilling were actively involved in the day-to-day financial dealings at their company and either knew about or took part in some of the alleged wrongdoing, the former chief of investor relations testified Monday.
Weather One-Two; Futures’ Bulls Knew What to Do
Natural gas futures exploded higher yesterday as traders weredealt a royal flush of bullish factors that included much belownormal temperatures on the horizon for much of the country and anew storm brewing in the Caribbean Sea. After opening at $2.98, theNovember contract moved higher, piercing resistance at $3.03 beforerelaxing to finish at $3.007, up 8.7 cents for the session.
New England Market Seen Ripe for LNG
Gordon Shearer, president of Cabot LNG Corp., said he knew if hewaited long enough, liquefied natural gas would have its day in themarketplace. That appears about to happen, at least in New England,where Cabot finds itself positioned to meet growing market demandwith LNG imported from thousands of miles away. At the CambridgeEnergy Research Associates 17th annual executive conference inHouston this week, Shearer enumerated factors growing New Englandgas demand and explained how LNG can economically meet some of thatdemand.