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BP plc CEO Tony Hayward told shareholders on Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up, he thinks energy consumption will begin to grow this year.

BP plc CEO Tony Hayward told shareholders on Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up, he thinks energy consumption will begin to grow this year.

A developer of a proposed liquefied natural gas (LNG) terminal in Maine said it expects to refile its application with Maine environmental regulators after it picks a new route for a pipeline to serve the facility.

A developer of a proposed liquefied natural gas (LNG) terminal in Maine said it expects to refile its application with Maine environmental regulators after it picks a new route for a pipeline to serve the facility.

El Paso Corp. on Friday sold its remaining interests in Enterprise Products Partners LP. for $425 million to EPCO Inc., a privately held company formed by Enterprise’s founder, Dan L. Duncan. The sale includes El Paso’s 9.9% interest and 13.5 million common units in the general partner of Enterprise.

Senate Energy and Natural Resources Committee staff has invited 32 groups to present their proposed solutions to the domestic natural gas supply shortfall at a conference to be held later this month.

In an indication of how El Paso Corp. intends to turn around its troubled and heretofore U.S.-centered oil and gas production business, subsidiary El Paso Production Co. announced late Monday that it will purchase the rest of a joint oil and natural gas operation that it operates in Brazil with Unocal Corp.

The Rocky Mountain region is seen by many as the supply savior of the U.S. natural gas marketplace, but production growth in the region probably will be lower than many expect for the same reasons that have hindered development historically: pipeline takeaway constraints and the slow regulatory process, particularly drilling permitting, said Stu Wagner, an analyst with Petrie Parkman in Denver.

The Rocky Mountain region is seen by many as the supply savior of the U.S. natural gas marketplace, but production growth in the region probably will be lower than many expect for the same reasons that have hindered development historically: pipeline takeaway constraints and the slow regulatory process, particularly drilling permitting, said Stu Wagner, an analyst with Petrie Parkman in Denver.