Miss

New York Gov. Andrew Cuomo said the state will miss a Nov. 29 deadline for revised rules governing high-volume hydraulic fracturing (HVHF), a development that should reopen the rulemaking process to at least one public hearing.

Total SA wants to cook up some new deals in the U.S. shale patch, either through more joint ventures (JV) or on its own, a top executive said Wednesday.

The natural gas industry will miss out on the prize of shale if it can’t convince the public that development is safe, a Chevron Corp. executive told a Pittsburgh audience last Thursday.

Hurricane Ike now looks as if it will miss the major energy infrastructure in the Gulf of Mexico (GOM), but most of the offshore installations, shuttered when Hurricane Gustav arrived, are expected to remain shut in until the latest storm passes. Meanwhile, forecasters were recommending that the Texas Gulf Coast prepare for Ike, which moved into the GOM Tuesday, moving west toward an expected landfall Friday or Saturday.

ExxonMobil Corp.’s active exploration program combined with lower oil and natural gas output to give the company its first profit miss since 3Q2005 Thursday, with net income down 1% from a year ago.

Second quarter financial results from several eastern gas and combination utilities were mixed with Vectren reporting a 20% drop in net income, NiSource reporting lower than expected results yet improvements compared with 2Q2003 and AGL Resources posting higher than expected earnings.

Second quarter financial results from several eastern gas and combination utilities were mixed with Vectren reporting a 20% drop in net income, NiSource reporting lower than expected results yet improvements compared with 2Q2003 and AGL Resources posting higher than expected earnings.

Consultants at Massachusetts-based Energy Security Analysis Inc. (ESAI) said last week that they believe many industry analysts and the large number of new financial players in the gas futures market are underestimating the impact of rising liquefied natural gas (LNG) imports and could be in for quite a surprise near the end of the storage injection season.

Deflated by the news that Hurricane Isabel would miss the Gulf of Mexico, the natural gas futures market sunk to new 10-day lows Monday morning as traders added to their already significant short holdings. However, after an initial flurry, selling failed to punch prices below support at $4.60, and the market shifted into a sideways-to-higher trading channel for the remainder of the session. October futures finished at $4.685, down 8.1 cents for the session, but in the upper half of its $4.62-725 trading band. At 50,461, estimated volume was light.