The Bellingham, WA-based Pipeline Safety Trust Wednesday named Carl Weimer, a local leader in an environmental advocacy group, as its first executive director. The organization was founded and funded in the aftermath of a petroleum pipeline explosion in 1999 in the state that claimed three lives and drew court-ordered criminal fines of $4 million to establish an endowment. The group was one of the driving forces behind the “SAFE Bellingham” program formed as a result of the 1999 pipeline explosion. The chief executive of the Washington Utilities and Transportation Commission, the state’s pipeline safety agency, Carole Washburn, praised Weimer as an “excellent choice” to head the pipeline safety unit, noting that he has “fostered a good partnership” between the state regulatory commission and SAFE Bellingham. He understands both the rules and the stakeholders’ interests, Washburn said. The Trust was formed from the efforts of SAFE Bellingham and the families of two of the 1999 explosion’s victims, advocating better pipeline oversight and accident prevention programs.
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Follow the Leader Brings Futures Lower as ‘Perfect Storm’ Awaits
The dynamic duo of natural gas and crude oil followed up price-spike Tuesday with sell-off Wednesday as the July futures contracts dropped 16.2 cents and $2.37 on the day, respectively. All eyes now rest on announcement Thursday, when a number of market-impacting reports are scheduled to go public.
BP Leads 1Q Gas Sales, But Parity Shows Signs of Returning
BP plc remained atop the leader board for physical natural gas sales in North America in the first quarter, with 24.5 Bcf/d in gas sales, a 22% hike year-over-year. Sempra Energy retained second place, gaining 1% in gas sales over 1Q2003.
JP Morgan Drops Exxon Mobil Rating on Russian Deal, Lack of Dividend Hike
An industry leader in returns, financial strength and management, Exxon Mobil Corp.’s five-year volume growth at 5% will exceed investors’ 2-3% expectations, but growth acceleration likely will not be visible until 2005, JP Morgan said in a new research report, which lowered the Irving, TX-based major’s rating to “neutral” from “overweight” on Wednesday.
Daschle Urges White House to Renominate Massey to FERC
Senate Minority Leader Tom Daschle (D-SD) called on President Bush last Thursday to re-nominate Commissioner William Massey to a third five-year term on the Federal Energy Regulatory Commission.
Daschle Urges White House to Renominate Massey to FERC
Senate Minority Leader Tom Daschle (D-SD) called on President Bush Thursday to renominate Commissioner William Massey to a third five-year term on the Federal Energy Regulatory Commission.
Producers Showing More Strength in Gas Marketing
An oil and gas mega-giant so large that it only needs initials to identify it — BP — also has become a leader in energy merchant services, after moving into the top spot of natural gas marketers in NGI’s first quarter survey. As expected, producers like BP, ConocoPhillips and Shell’s trading arm, Coral Energy, are beginning to command the energy merchant stage, as the former leaders, led by Mirant, AEP, Duke Energy and Dynegy, all slowly take their bow and exit stage left.
Producers Showing More Strength in Gas Marketing
An oil and gas mega-giant so large that it only needs initials to identify it — BP — also has become a leader in energy merchant services, after moving into the top spot of natural gas marketers in NGI’s first quarter survey. As expected, producers like BP, ConocoPhillips and Shell’s trading arm, Coral Energy, are beginning to command the energy merchant stage, as the former leaders, led by Mirant, AEP, Duke Energy and Dynegy, all slowly take their bow and exit stage left.
House Passes Broad Energy Legislation
The House of Representatives on Friday passed by a wide margin broad-based energy legislation, which one House Republican leader called “the most important energy bill in the last 50 years.” But a dispirited Democratic lawmaker said it was a Republican-crafted bill that was “jammed down the throats” of others in Congress.
House Passes Broad Energy Legislation
The House of Representatives on Friday passed by a wide margin broad-based energy legislation, which one House Republican leader called “the most important energy bill in the last 50 years.” But a dispirited Democratic lawmaker said it was a Republican-crafted bill that was “jammed down the throats” of others in Congress.
