Period

The Federal Energy Regulatory Commission on Tuesday approved an imbalance cash-out report of Midwestern Gas Transmission Co. for the period of September 2003 through August 2004.

Assuming normal weather through January, and barring a major oil supply disruption during the period, Stephen Smith Energy Associates is forecasting a natural gas target price in the range of $5.50-$6/MMBtu for February Henry Hub bidweek prices.

As part of the six-week public comment period on a recently released favorable draft environmental impact assessment, local residents along the Southern California coast, about 60 miles northwest of Los Angeles turned out last week (Nov. 30-Dec. 3) at local meetings hosted by the city governments to express their views on the proposal of Australian resources giant BHP Billiton to develop an offshore liquefied natural gas receiving terminal. Despite the developer’s promise of $25 million in annual economic benefits with no safety/environmental risks, most of the residents’ views were negative.

As part of the six-week public comment period on a recently released favorable draft environmental impact assessment, local residents along the Southern California coast, about 60 miles northwest of Los Angeles turned out last week (Nov. 30-Dec. 3) at local meetings hosted by the city governments to express their views on the proposal of Australian resources giant BHP Billiton to develop an offshore liquefied natural gas receiving terminal. Despite the developer’s promise of $25 million in annual economic benefits with no safety/environmental risks, most of the residents’ views were negative.

As part of the six-week public comment period on a recently released favorable draft environmental impact assessment, local residents along the Southern California coast, about 60 miles northwest of Los Angeles turned out last week (Nov. 30-Dec. 3) at local meetings hosted by the city governments to express their views on the proposal of Australian resources giant BHP Billiton to develop an offshore liquefied natural gas receiving terminal. Despite the developer’s promise of $25 million in annual economic benefits with no safety/environmental risks, most of the residents’ views were negative.

Prices began what may be an extended period of softening Thursday, dropping at all points between slightly under a nickel to about 35 cents. A large majority of the declines were in double digits.

Prices began what may be an extended period of softening Thursday, dropping at all points between slightly under a nickel to about 35 cents. A large majority of the declines were in double digits.

BP plc’s third quarter oil and natural gas production is up 11% from the same period a year ago, but lower sequentially from the second quarter because of annual facilities maintenance and shut-ins from Hurricane Ivan, the company said last week. The London-based major, which is scheduled to report 3Q earnings on Oct. 26, still expects average production for 2004 to meet a previous target of at least 4 MMboe/d.

BP plc’s third quarter oil and natural gas production is up 11% from the same period a year ago, but lower sequentially from the second quarter because of annual facilities maintenance and shut-ins from Hurricane Ivan, the company said Monday. The London-based major, which is scheduled to report 3Q earnings on Oct. 26, still expects average production for 2004 to meet a previous target of at least 4 MMboe/d.