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Royal Dutch Shell plc last week posted a solid 15% increase in quarterly profits from a year ago, and growth from new natural gas projects helped to lift overall output by 5%.

Royal Dutch Shell plc on Thursday posted a solid 15% increase in quarterly profits from a year ago, and growth from new natural gas projects helped to lift overall output by 5%.

Nearby futures gained modestly and more deferred contracts posted narrow losses Monday as traders squared their books prior to Tuesday’s options expiration and Wednesday’s futures termination.

NGPL said the gas quality issue that it had posted Friday for the El Paso Jal delivery point in Lea County, NM, was resolved and it resumed accepting nominations there effective with Wednesday’s gas day.

NGPL said the gas quality issue that it had posted Friday for the El Paso Jal delivery point in Lea County, NM, was resolved and it resumed accepting nominations there effective with Wednesday’s gas day.

Traders on Wednesday appeared to be tempering their expectations of cold weather being able to prompt market gains as the January contract posted a decline for the third straight day. The prompt-month contract recorded a low of $4.511 in afternoon trading before closing the day at $4.530, down 23.2 cents.

National Fuel Gas Co. posted reduced fiscal 2009 fourth quarter earnings due mainly to the impact lower commodity prices had on its Exploration & Production (E&P) segment. However, the diversified company’s upstream segment has ambitious plans for the Marcellus Shale play for next year, executives said Friday.

National Fuel Gas Co. posted reduced fiscal 2009 fourth quarter earnings due mainly to the impact lower commodity prices had on its Exploration & Production (E&P) segment. However, the diversified company’s upstream segment has ambitious plans for the Marcellus Shale play for next year, executives said last Friday.

Southern Natural Gas noted that as previously posted, it is in the process of abandoning its 16-inch diameter Mississippi Canyon 268 Line. As a result the West Delta 152 receipt point has been shut in and Southern is not accepting nominations there for about six days starting with Wednesday’s gas day. Since there is firm service at the point, this work constitutes a force majeure, the pipeline said.