Oil sands are emerging as Alberta’s celebrity product, but the province still owes much of a developing economic boom — and the capital to finance the new star — to its long-standing status as Canada’s chief natural gas-producing jurisdiction.
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Alberta Flooded with Surplus Power
A tightening squeeze by high fuel prices and a regional surplus of generating capacity is pushing Alberta toward adding electricity to its traditional product lines of natural gas and oil as Canada’s principal energy exporting jurisdiction.
Energy Brokers Create Forward Curves Data Product
Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.
Energy Brokers Create Forward Curves Data Product
Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.
Energy Brokers Create Forward Curves Data Product
Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.
DOE: Higher Standards for LNG-Sourced Gas May Make U.S. Unattractive to Exporters
Foreign suppliers of liquefied natural gas (LNG) could bypass U.S. energy markets if the standards for the Btu-enriched product entering interstate pipelines are set too high, a Department of Energy (DOE) official warned Wednesday.
Nymex Plans New Trading Session, Clearing for Multiple OTC Products
The New York Mercantile Exchange (Nymex) plans to open a new 90-minute trading session on Friday for 32 new over-the-counter energy contracts, including multiple natural gas basis contracts and some new 400 MWh power contracts based on delivery in New York. Nymex said it also will provide clearing services for the new contracts.
Kerr-McGee Blames Economy, Lower Volumes for Losses
Kerr-McGee Corp. cited the “continued slowdown in the U.S. and worldwide economies” and lower oil and gas production as reasons that its second quarter net income was down 19%, standing at $175 million, or $1.71 per diluted share, compared with $217 million, or $2.13 per share for the same period of 2000. Last year’s second quarter included $107 million, or $1.02 per share, in special charges. No special charges were recorded for this year’s second quarter.
KMP to Beat Significantly Consensus Estimates
Kinder Morgan Energy Partners LP (KMP), owner and operator ofone of the largest product pipeline systems in the country,reported on Thursday that it expects to substantially exceed theconsensus first quarter earnings per unit estimate of $0.71 andyear 2001 earnings per unit estimate of $2.98. The company alsosaid it expects to increase the cash distribution per common unitfor the first quarter from $0.95 to $1.00.
Enron’s Energy Services Poised to Deliver
With or without deregulation, the impact of rising energy costswill increase the demand for Enron’s growing product base,especially in its services area, offering even more leverage forNorth America’s largest wholesale marketer. Lou Pai, CEO of EnronEnergy Services LLC, provided an overview of his division at theannual investor’s conference last Thursday in Houston, calling theopportunities for growth are tremendous.