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Puts

Chilly Weather Puts Nymex Bulls in Buying Mood Ahead of Holidays

After nudging higher in back-to-back range-bound sessions Friday and Monday, the natural gas futures market sprang to life Tuesday as local and commercial traders used chilly weather forecasts as an excuse to bid the market higher. A brief, early afternoon sell-off was just a blip on bulls’ radar and ultimately proved to be an opportunity for them to add to their length at slightly lower levels.

November 26, 2003

Feinstein Puts Hold on Bush Nominees Until Massey’s Renomination

In an effort to prod the White House into following through on its promise to renominate William Massey, a Democrat, to the Federal Energy Regulatory Commission, Sen. Dianne Feinstein (D-CA) has blocked many of President Bush’s judicial and other nominees.

November 24, 2003

Feinstein Puts Hold on Bush Nominees Until Massey’s Renomination

In an effort to prod the White House into following through on its promise to renominate William Massey, a Democrat, to the Federal Energy Regulatory Commission, Sen. Dianne Feinstein (D-CA) has blocked many of President Bush’s judicial and other nominees.

November 21, 2003

Southern Natural Puts Another Piece of Expansion in Operation

The Federal Energy Regulatory Commission last Wednesday gave Southern Natural Gas the green light to place into service another piece of its South System Expansion II.

November 10, 2003

ChevronTexaco Puts Full-Court Press on LNG With Projects in Mexico, Nigeria

With expectations that liquefied natural gas (LNG) will chosen to plug the hole in the United States’ natural gas supply deficit in the future, ChevronTexaco Corp. announced plans Thursday for an LNG receiving terminal in Mexico and an LNG shipping facility in Nigeria. The company also updated its progress on a receiving terminal to be located offshore Louisiana, where other top operators are aggressively trying to establish toeholds in the U.S. LNG marketplace (see Daily GPI, Oct. 30).

October 31, 2003

Williams Puts $241M Evergreen Expansion Into Service

Williams’ Northwest Pipeline has put its Evergreen pipeline expansion into service, adding about 276,625 Dth/d of new firm gas transportation capacity in Washington from Sumas to Chehalis to serve new power plants and to serve existing customers in the Columbia River Gorge Corridor (see NGI, July 1, 2002). The project was approved by FERC last year.

October 13, 2003

Williams Puts $241 Million Evergreen Expansion Into Service

Williams’ Northwest Pipeline has put its Evergreen pipeline expansion into service, adding about 276,625 Dth/d of new firm gas transportation capacity in Washington from Sumas to Chehalis to serve new power plants and to serve existing customers in the Columbia River Gorge Corridor (see Daily GPI, June 27, 2002). The project was approved by FERC last year.

October 10, 2003

Industry Poll Puts Domestic Gas Shortage Issue As Priority #1

According to 400 oil and gas executives and investors, the largest issue currently facing the U.S. energy industry is the shortage of domestic sources of natural gas. The poll — taken at an industry conference in Houston held by RBC Capital Markets — found that more than half of the respondents likened the situation to being as bad as or worse than the oil crisis of the 1970s, while 48% said this crisis would be manageable.

September 30, 2003

NUI Puts Entire Operation on Sales Block; CEO Resigns

NUI Corp. stunned the financial community on Friday by announcing that it will sell the entire integrated natural gas business within the next few months. CFO A. Mark Abramovic said the board of directors of the New Jersey-based firm considered a sale in the best interests of all stakeholders going forward because of credit downgrades and “adverse business conditions.”

September 29, 2003

NUI Puts Entire Operation on Sales Block; CEO Resigns

NUI Corp. stunned the financial community on Friday by announcing that it will sell the entire integrated natural gas business within the next few months. CFO A. Mark Abramovic said the board of directors considered a sale in the best interests of all stakeholders going forward because of credit downgrades and “adverse business conditions.”

September 29, 2003
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