Others

Most points recorded single-digit declines Wednesday, with a few others falling by up to nearly 20 cents. A clean sweep of softening was averted by a few scattered points that ranged from flat to a little more than a dime higher.

While higher gas prices have put pressure on chemical companies, many still have prospered while others have developed strategies to mitigate exposure to the challenges related to current gas market trends, said Standard & Poor’s in a new report.

Very little gas changed hands on Friday as many traders were displaced by the hurricane, while others stood by watching and waiting for some news about the impact on Gulf production and operations. Most business was done on Thursday for a four-day period (Friday-Monday). There was some choppy intraday business, and, aside from high quotes in the Northeast and Gulf Coast, prices generally reflected the weakness of the futures market on Friday. Near month futures fell 46.6 cents to end the day at $12.324.

A majority of points were moderately softer Wednesday, although quite a few others were flat to as much as about a nickel higher. An impending decline in power generation load as cooler weather returns to the Midwest and Northeast starting Thursday were cited as the primary cause of declines ranging from 2-3 cents to nearly 20 cents. Most of the dips were in single digits.

An official with the Government of the Northwest Territories in Canada said on Monday he plans to meet with officials of the U.S. Department of Energy, State Department, industry and others in Washington, DC this week to “make the case” that the Mackenzie Pipeline project “is coming,” and urge them to oppose subsidies for the proposed Alaska natural gas pipeline.

While one aboriginal group is still putting up a fight, others are declaring the Canadian Arctic open for business, and the natural gas industry is betting the majority will prevail in the Northwest Territories. Devon Canada Corp. declared intentions to go ahead on the first new Beaufort Sea drilling campaign in more than 20 years.

While one aboriginal group is still putting up a fight, others are declaring the Canadian Arctic open for business, and the natural gas industry is betting the majority will prevail in the Northwest Territories. Devon Canada Corp. declared intentions to go ahead on the first new Beaufort Sea drilling campaign in more than 20 years.

While one aboriginal group is still putting up a fight, others are declaring the Canadian Arctic open for business, and the natural gas industry is betting the majority will prevail in the Northwest Territories. Devon Canada Corp. declared intentions to go ahead on the first new Beaufort Sea drilling campaign in more than 20 years.

Noting that California’s energy markets are “markedly more stable” than only a few years ago, Standard & Poor’s Ratings Services released an analysis last week that warned that a return to instability is possible, given the state’s continued power transmission grid limitations and the prospect for a shortfall in generation in the next few summers. “A measure of uncertainty remains in the California markets,” S&P concluded.