Presented

Preliminary voting results presented by PG&E to a federal bankruptcy court in San Francisco Wednesday showed that 97% of the company’s utility creditors favor its Chapter 11 reorganization plan as embodied in a proposed settlement with state regulators.

ExxonMobil had presented its case for appeal to the state’s high court in April, arguing that the punitive damages awarded to the State of Alabama in December 2000 were “without merit” (see NGI, April 29).

The Minerals Management Service (MMS) last week presented low- and high-case projections on natural gas production from the Gulf of Mexico (GOM), showing a wide range between the two because of the uncertainty over decline rates. GOM gas production either will fall slightly through 2006 or rise sharply and then level off after 2004. The forecast concludes that gas production in 2006 will be between 10.97 Bcf/d and 16.39 Bcf/d from the Outer Continental Shelf. Oil production, meanwhile, will rise to between 2.00-2.47 million bbl/d.

The National Energy Board has again been presented with assurances that supplies will continue to grow in western Canadian natural gas fields already reached by pipelines — this time by Westcoast Energy Inc. On the heels of an encouraging expansion application by TransCanada PipeLines Ltd., Westcoast described an improving supply outlook in an application to add capacity to its grid in British Columbia.

The National Energy Board has again been presented with assurances that supplies will continue to grow in western Canadian natural gas fields already reached by pipelines — this time by Westcoast Energy Inc. On the heels of an encouraging expansion application by TransCanada PipeLines Ltd., Westcoast described an improving supply outlook in an application to add capacity to its grid in British Columbia.

A cross-section of U.S. energy representatives last weekpresented a laundry list of initiatives that they believe the WhiteHouse, Congress and regulators must actively pursue to build up thenation’s energy inventories, which they warn are at dangerously lowlevels.

A cross-section of U.S. energy representatives this weekpresented a laundry list of actions that they believe the WhiteHouse, Congress and regulators must take to boost energy supplies,which they say are at dangerously low levels.

The Independent Petroleum Association of America came outstrongly against a tax proposal presented earlier this week byDemocratic presidential candidate Bill Bradley that would do awaywith several loopholes currently benefiting oil and gas producers.

The Independent Petroleum Association of America came outstrongly against a proposal presented earlier this week byDemocratic presidential candidate Bill Bradley that would do awaywith several tax loopholes currently benefiting oil and gasproducers.