Noting that the cap-and-trade (CAT) market will likely become the largest commodity market in the world, Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton said late last week that the rapidly expanding trade of greenhouse gas emissions contracts are already making progress in the effort to combat global warming.
Noting
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Chilton Calls for Reform Ahead of Cap-and-Trade Market Frenzy
Noting that the cap-and-trade (CAT) market will likely become the largest commodity market in the world, Commodity Futures Trading Commission (CFTC) Commissioner Bart Chilton said Thursday that the rapidly expanding trade of greenhouse gas emissions contracts are already making progress in the effort to combat global warming.
Transportation Notes
Noting that it has posted several shipper notices in recent weeks indicating that its system is experiencing high line pressure and linepack, Transco said Wednesday it is implementing an Imbalance OFO effective Friday with minimum penalties of $50/Dth. To avoid a penalty shippers must ensure that long imbalances (due-shipper) not exceed 5% or 1,000 Dth, whichever is greater. High utilization of firm services and various maintenance activities have resulted in reduced operating flexibility, Transco said.
Spectra Moves to Next Stage of Fort Nelson CCS Project
Noting that the carbon capture part of its Fort Nelson carbon capture and sequestration (CCS) project is already taken care of, Spectra Energy is proceeding with the next stage of the feasibility work by commencing detailed geological assessments at the company’s existing gas gathering and processing facility in British Columbia.
Spectra Continues Feasibility Study of Fort Nelson CCS Project
Noting that the carbon capture part of its Fort Nelson carbon capture and sequestration (CCS) project is already taken care of, Spectra Energy is proceeding with the next stage of the feasibility work by commencing detailed geological assessments at the company’s existing gas gathering and processing facility in British Columbia.
Transportation Notes
Northern Natural Gas is allowing a System Overrun Limitation (SOL) for all market-area zones to lapse Thursday; the SOL had been in effect since Monday.
Transportation Notes
Noting forecasts of 30-degree temperatures in central and northern Florida Wednesday morning, Florida Gas Transmission issued an Overage Alert Day Tuesday, setting the tolerance for negative daily imbalances at 25%. The pipeline said it would not interrupt previously scheduled market-area ITS-1 service below the elapsed prorated scheduled quantity.
Transportation Notes
Pacific Gas & Electric belatedly declared a systemwide Stage 2 high-inventory OFO for Tuesday but allowed it to expire Wednesday.
Questar: Midcontinent Returns Beat Rockies
Noting that investors tend to view his company’s exploration and production (E&P) unit as a Rockies play, Questar Corp. CEO Keith Rattie said next year the unit will take its capital out of the Rockies and spend it where returns are more attractive, namely northwestern Louisiana and western Oklahoma.
Questar Stepping Back From Rockies for Midcontinent
Noting that investors tend to view his company’s exploration & production (E&P) unit as a Rockies play, Questar Corp. CEO Keith Rattie said next year the unit will take its capital out of the Rockies and spend it where returns are more attractive, namely northwestern Louisiana and western Oklahoma.