Logical

Both the regulatory and commercial processes are on track for the controversial Keystone XL oil pipeline linking western Canadian and U.S. Upper Midwest supply sources to refineries in the Gulf of Mexico (GOM) region, TransCanada CEO Russ Girling told financial analysts Tuesday on a conference call. Under questioning, however, he admitted delays could sour current support the line enjoys from major shippers and refiners on both sides of the international border.

The general weather moderation in most areas had proven puzzling Tuesday when most points rose a few cents, but it appeared that logical behavior had returned to the market Wednesday as prices fell across the board. The previous day’s futures decline of 1.1 cent, while minuscule, was an added slightly bearish factor in the cash market.

The general weather moderation in most areas had proven puzzling Tuesday when most points rose a few cents, but it appeared that logical behavior had returned to the market Wednesday as prices fell across the board. The previous day’s futures decline of 1.1 cent, while minuscule, was an added slightly bearish factor in the cash market.

States are the logical and best-equipped entities to implement and administer regulations for the storage of carbon dioxide (CO2), according to a study by the Interstate Oil and Gas Compact Commission (IOGCC) Task Force on Carbon Capture and Geologic Storage.

States are the logical and best-equipped entities to implement and administer regulations for the storage of carbon dioxide (CO2), according to a study by the Interstate Oil and Gas Compact Commission (IOGCC) Task Force on Carbon Capture and Geologic Storage.

With so much money on the table and no other logical outcome, the pace of mergers and acquisitions among oil and natural gas companies will pick up again this year, and capital investment in the upstream sector will grow by at least 25%, according to a new report by energy research firm John S. Herold Inc.

Taking the next logical step after receiving federal approval for its proposed LNG terminal in Baja California Norte (see NGI, May 12), Marathon Oil Corp. and its two joint development partners in the Tijuana Regional Energy Center project, Grupo GGS, S.A. de C.V. and Golar LNG Ltd, announced Thursday that they have entered into an memorandum of understanding to import three million to six million tonnes/year of liquefied natural gas (LNG) for 20 years.

Taking the next logical step after receiving federal approval for its proposed LNG terminal in Baja California Norte (see Daily GPI, May 9), Marathon Oil Corp. and its two joint development partners in the Tijuana Regional Energy Center project, Grupo GGS, S.A. de C.V. and Golar LNG Ltd, announced Thursday that they have entered into an memorandum of understanding to import three million to six million tonnes/year of liquefied natural gas (LNG) for 20 years.

More fuel switching is the only “logical, near-term solution” to balance supply and demand for natural gas going forward, according to latest Raymond James’ Energy “Stat of the Week.” Fuel switching has to occur, said analysts, to “squeeze out 5 Bcf/d of natural gas demand.”