Minimal

It will take two decades for supply development triggered by the Mackenzie Gas Project to disturb even 4% of the vast Northwest Territories, says a new study that highlights the scale of the frontier about to be opened up by the Canadian foray into Arctic industry.

Opening the Arctic National Wildlife Refuge (ANWR) to oil and gas development would have little impact on the proposed Alaska gas pipeline project, but it probably would save U.S. taxpayers about $8 billion/year in oil expenditures in 2025, the Energy Information Administration (EIA) said in a special report prepared at the request of Rep. Richard Pombo (R-CA), chairman of the House Committee on Resources.

Opening the Arctic National Wildlife Refuge (ANWR) to oil and gas development would have little impact on the proposed Alaska gas pipeline project, but it probably would save U.S. taxpayers about $8 billion/year in oil expenditures in 2025, the Energy Information Administration (EIA) said in a special report prepared at the request of Rep. Richard Pombo (R-CA), chairman of the House Committee on Resources.

Mirant, which is in Chapter 11 bankruptcy, reported minimal financial improvements in the third quarter, including a $33 million net loss, or 8 cents/share, compared $41 million, 10 cents/share, in 3Q2002.

Paramount Energy Trust, the largest Canadian gas producer affected by Alberta regulators’ decision last week to shut in up to 938 gas wells in Northeastern Alberta on Sept. 1 to preserve crude bitumen production, indicated that the impact on gas production could be less severe than previously thought.

While acknowledging that industry liquidity has been crimped in recent months as big-league names abandon the energy trading playing field, Entergy Corp. for the most part hasn’t been impacted “in any meaningful way” from the unwinding of trading books, John Wilder, Entergy’s CFO, said last Tuesday while appearing at Edison Electric Institute’s 37th annual financial conference in Palm Desert, CA.

The Vinson & Elkins investigation of Enron employee Sherron Watkins’ allegations of accounting improprieties was conducted by two of the law firm’s partners who had minimal accounting background and no help from associates or consulting accountants, testimony revealed last Thursday at a House Energy and Commerce subcommittee hearing.

The Vinson & Elkins investigation of Enron employee Sharon Watkins’ allegations of accounting improprieties was conducted by two of the law firm’s partners who had minimal accounting background and no help from associates or consulting accountants, testimony revealed Thursday at a House Energy and Commerce subcommittee hearing.

Much of the 60,000 MW of dual-fuel power generation in the United States will be burning natural gas this winter rather than heavy fuel oil in contrast to last winter when record high gas prices compelled generators to burn anything but gas, consulting firm Energy Security Analysis Inc. (ESAI) said in its latest Natural Gas Stockwatch.