Path

Although she was expected to follow a path similar to that of her far more terrible predecessor, Ivan, Tropical Storm Arlene on Friday was expected to remain weak, causing little or no lasting impact on the natural gas market or Gulf exploration and production infrastructure.

Although she was expected to follow a path similar to that of her far more terrible predecessor, Ivan, Tropical Storm Arlene on Friday was expected to remain weak, causing little or no lasting impact on the natural gas market or Gulf exploration and production infrastructure.

With a projected path eerily similar to last season’s devastating Hurricane Ivan, Tropical Storm Arlene on Thursday, although still far weaker than Ivan with only 40 mph winds, already was prompting producers to exit the eastern and central Gulf of Mexico in rapid fashion.

After beginning Friday’s session on a sideways-to-slightly-lower path, April natural gas futures started to tilt upwards ever so slightly beginning at 11 a.m. EST. After peaking at $7.31 in afternoon trading, the prompt month went on to settle at $7.273, up 3.5 cents on the session and a whopping 50.1 cents over the previous Friday’s close.

While KeySpan LNG has filed a federal court lawsuit to smooth the path for its proposed Rhode Island LNG import terminal, FERC Chairman Pat Wood is taking a jawboning approach, setting a meeting in Washington later this month with federal and state political leaders.

While KeySpan LNG has filed a federal court lawsuit to smooth the path for its proposed Rhode Island LNG import terminal, FERC Chairman Pat Wood is taking a jawboning approach, setting a meeting in Washington later this month with federal and state political leaders.

U.S. antitrust regulators on Tuesday cleared the path for Penn Virginia Resource Partners LP’s (PVR) purchase of natural gas gathering and processing assets in Oklahoma and Texas from Cantera Resources Holdings LLC, a portfolio company of Morgan Stanley Capital Partners, for $191 million in cash.

FERC has granted Northwest Pipeline Corp. and Duke Energy Trading Marketing LLC’s (DETM) requests for waivers of the pipeline’s tariff that would allow DETM to carry out the permanent transfer of its transportation capacity in its Northwestern Regional Book to an unidentified prearranged replacement shipper.

FERC has granted Northwest Pipeline Corp. and Duke Energy Trading Marketing LLC’s (DETM) requests for waivers of the pipeline’s tariff that would allow DETM to carry out the permanent transfer of its transportation capacity in its Northwestern Regional Book to an unidentified prearranged replacement shipper.