Lucrative

Another project proposal has joined the ranks of those who seek to carry natural gas liquids (NGL) from the Marcellus Shale to more lucrative markets as well as unlock the productive capacity of Marcellus rich gas. Unlike other projects on the board, this one has a marine component.

Sempra Energy’s once-lucrative joint venture commodities business with the Royal Bank of Scotland, RBS Sempra Commodities, should be dissolved by the end of August, CEO Donald Felsinger said Tuesday while the company reported greatly reduced earnings for the first quarter. The exit from trading and a one-time earnings hit from a settlement with California state entities contributed to the earnings decline.

Canada’s energy industry is on the cusp of a potentially lucrative future, but “massive” investments in new energy supply, pipelines, electricity transmission infrastructure and renewable technologies are needed to overcome looming challenges, The Conference Board of Canada reported last week.

Canada’s energy industry is on the cusp of a potentially lucrative future, but “massive” investments in new energy supply, pipelines, electricity transmission infrastructure and renewable technologies are needed to overcome looming challenges, The Conference Board of Canada reported on Monday.

Wyoming Gov. Dave Freudenthal, who has been quietly working to assuage landowners, environmental interests and the state’s lucrative coalbed methane (CBM) developers, said he wants to now encourage the state legislature to give agencies more flexibility to apply site-specific permitting. The state, already months behind in processing requests for the industry’s potential 51,000-well sprawl in the northeast Wyoming, has been further stymied by recent budget and staff cuts.

Wyoming Gov. Dave Freudenthal, who has been quietly working to assuage landowners, environmental interests and the state’s lucrative coalbed methane (CBM) developers, said he wants to now encourage the state legislature to give agencies more flexibility to apply site-specific permitting. The state, already months behind in processing requests for the industry’s potential 51,000-well sprawl in the northeast Wyoming, has been further stymied by recent budget and staff cuts.

In the race to serve the lucrative Florida generation trafficthinned last week, as Duke Energy announced it has shelved itsproposed Sawgrass pipeline project and allied with formercompetitor Williams’ Buccaneer Pipeline.

The race to serve the lucrative Florida generation market becamemore clear yesterday, as Duke Energy announced it has shelved itsproposed Sawgrass pipeline project and allied with a formercompetitor, Williams’ Buccaneer Pipeline.

The battle between Coastal Corp.’s ANR Pipeline and supportersof the proposed Guardian Pipeline over the lucrative Wisconsin andnorthern Illinois markets intensified last week, as each sidepresented its case through displays of public support. Yet, despitethe bickering and ANR’s attempts to keep Guardian from being built,the pipeline project is expected to be filed with FERC as soon asnext month.