Predicts

Calpine CEO Peter Cartwright said Wednesday the merchant power company has become the nation’s single largest gas consumer and remains on the lookout for additional gas producing properties to support its growing fleet of power plants.

As if the natural gas market needed more bullish indicators, forecasters at the National Oceanic and Atmospheric Administration (NOAA) last week predicted an above-normal Atlantic hurricane season. The NOAA seasonal hurricane outlook calls for 12 to 15 tropical storms, with six to eight systems becoming hurricanes, and two to four of those major hurricanes.

As if the natural gas market needed more bullish indicators, forecasters at the National Oceanic and Atmospheric Administration (NOAA) said Monday predicted and above-normal Atlantic hurricane season. The NOAA seasonal hurricane outlook calls for 12 to 15 tropical storms, with six to eight systems becoming hurricanes, and two to four of those major hurricanes.

The Energy Information Administration (EIA) cut its domestic dry gas production numbers for 2003, 2004 and 2005 and raised its gas demand and gas price forecasts in its March Short Term Energy Outlook. However, the EIA still says domestic production grew 2.2% last year and will continue growing this year and next, by 1.2% and 1.1%, respectively, to about 19.81 Tcf in 2005.

After posting record profits in 2003, the Canadian oil and gas industry will experience yet another profitable year in 2004, according to the Conference Board of Canada’s newest industrial outlook report. The economic forecast service provided the energy outlook on Wednesday.

After posting record profits in 2003, the Canadian oil and gas industry will experience yet another profitable year in 2004, according to the Conference Board of Canada’s newest industrial outlook report. The economic forecast service provided the energy outlook on Wednesday.

The Energy Information Administration (EIA) cut its domestic dry gas production numbers for 2003, 2004 and 2005 and raised its gas demand and gas price forecasts in its March Short Term Energy Outlook. However, the EIA still says domestic production grew 2.2% last year and will continue growing this year and next, by 1.2% and 1.1%, respectively, to about 19.81 Tcf in 2005.

Issuing its guidance for the company’s first fiscal year with recently acquired North Carolina Natural Gas (NCNG) under its wing, Charlotte, NC-based Piedmont Natural Gas said it expects fiscal year 2004 earnings guidance of between $2.25-2.40 per diluted share.

Weather Services International (WSI) is calling for a cool October east of the Rockies but warmer than normal temperatures on average in the Northeastern United States through December. Cooler-than-normal temperatures are expected on average through December in the Plains, Great Lakes, Rockies, and Pacific Northwest.