Poised

The global liquefied natural gas (LNG) business is continuing to grow and is on the cusp of significant changes. Driven by North American demand, the Atlantic basin is poised to balloon to equal the Pacific in volumes traded. While there seems to be no shortage of regasification capacity, at least in North America, liquefaction capacity runs much tighter, and regas project backers that don’t have supply lined up are being forced to wait. It’s a seller’s market. Contracting terms are becoming more flexible, often including provisions for cargo diversion, and the spot market is growing but is not expected to ever rival the amount of LNG that moves under firm contract.

With oil and natural gas companies poised to invest up to $6 trillion in exploration and production (E&P) through 2030, the 28-year-old reserves accounting rules overseen by the Securities and Exchange Commission (SEC) should be updated to reflect new technology advances, a year-long study by Cambridge Energy Research Associates (CERA) has concluded.

The liquefied natural gas (LNG) business is poised for a period of strong growth through the rest of this decade, with capital expenditures worldwide totaling nearly $67 billion, according to a report released Thursday by energy analysts Douglas-Westwood.

The liquefied natural gas (LNG) business is poised for a period of strong growth through the rest of this decade, with capital expenditures worldwide totaling nearly $67 billion, according to a report released Thursday by energy analysts Douglas-Westwood.

Pioneer Natural Resources Co. is poised to become the third largest net land holder in Alaska following its announcement Thursday to expand its existing acreage on the North Slope. As part of a wide-sweeping plan, the Dallas-based producer is launching a joint exploration program in the first quarter with co-owners ConocoPhillips and Anadarko Petroleum Corp., with an eye on establishing a new core division in the state.

Pioneer Natural Resources Co. is poised to become the third largest net land holder in Alaska following its announcement Thursday to expand its existing acreage on the North Slope. As part of a wide-sweeping plan, the Dallas-based producer is launching a joint exploration program in the first quarter with co-owners ConocoPhillips and Anadarko Petroleum Corp., with an eye on establishing a new core division in the state.

The previous day’s strength in energy futures, along with a major winter storm poised to keep much of the West wet and cold throughout the weekend, were credited with making prices a mixed bag Friday, instead of the overall softening that some had expected due to moderating weather in the Midwest and Northeast.

With Sen. Harry Reid (D-NV) poised to become Senate Minority Leader, another problem has popped up on the horizon that could prevent the Senate from confirming FERC Commissioner Suedeen Kelly for another term this week.

With Sen. Harry Reid (D-NV) poised to become Senate Minority Leader, another problem has popped up on the horizon that could prevent the Senate from confirming FERC Commissioner Suedeen Kelly for another term this week.