The American Petroleum Institute has opened a Denver office, the Colorado Petroleum Council (CPC), to focus on “energy priorities,” including hydraulic fracturing and energy infrastructure. Tracee Bentley, former legislative director for Gov. John Hickenlooper, was named executive director. API is represented in 34 state capitals and the District of Columbia. Bentley is a graduate of Colorado State University in Fort Collins. The CPC is API’s second expansion in recent weeks, following its creation of a midstream unit (see Daily GPI, Jan. 14).
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DCP Midstream Cuts Workforce by 20%
Denver-based DCP Midstream, which operates one of the largest natural gas processors in the country, on Friday announced it was cutting its workforce by 20% and closing a regional office.
Limited Storage Demand Seen; March Called 5 Cents Lower
March natural gas is seen opening 5 cents lower Friday morning at $2.67as traders factor in a tempered weather outlook and analysts mull further price weakness. Overnight oil markets were mixed.
Producing States Hedged — For Now — Against Price Squeeze, S&P Says
Among the teeth-clenching and numbers-crunching as oil prices continue to slide, Standard & Poor’s Ratings Services (S&P) has found some slivers of hope for the nation’s predominant oil and natural gas producing states, noting that for the short term they are prepared for the downturn.
North America’s Onshore Even Lower Priority for Shell
North America’s onshore is even less appealing to Royal Dutch Shell plc than it was a year ago, and as commodity prices have fallen, the oil major has elected to decrease capital spending and move its resources elsewhere.
Eastern Gains Outshine Weakness Elsewhere; Futures Slide Lower
Natural gas for Sunday and Monday delivery added a dime in Friday’s trading, buoyed by forecasts of a fresh winter storm expected to rip through coastal New England and a major pipeline disruption bringing gas from the Rockies to the Midwest.
Oregon Gives Avista Green Light on NGV Fueling
Following up on a statewide natural gas transportation initiative (see Daily GPI, Aug. 8, 2013), Oregon regulators on Wednesday gave Spokane, WA-based Avista Utilities approval to provide compressed natural gas (CNG) services in the areas in which it provides utility gas service in the state.
Robust Northeast Gains Tug Otherwise Soft Market Higher
Unless you were trading gas in the Northeast, the week was something of a snoozer as nearly all points lost about a nickel to a dime. Curiously for the week ended Jan. 30 the NGI Weekly Spot Gas Average managed a healthy 25-cent gain to $3.21, led mostly by volatile, weather-driven trading in the Northeast.
BC LNG Proposal Out of Limbo, Back in Line-up
Prospects of making a realistically modest, low-cost start on breaking into global trade in liquefied natural gas (LNG) have revived a dormant entry in the lineup of export terminal projects on the Pacific coast of British Columbia (BC).
Ruptured ATEX Awaits Fix, In-Service Date Still Unknown
Ethane deliveries on Enterprise Products Partners LP’s (EPD) Appalachia-to-Texas Express (ATEX) pipeline are still limited days after a stretch of the line ruptured and exploded, according to a company representative.