Ready

Following a second quarter that saw performance declines across its businesses, drilling and oil field services firm, Nabors Industries Ltd., is ready for the economy and the industry to turn around. When will that be? The third quarter could put a floor under declines and mark the beginning of a recovery, CEO Gene Isenberg said, but he’s not particularly bullish.

The Rockies Express Pipeline (REX) is “about two-thirds finished” and the REX-East portion that runs to Lebanon, OH, will be ready for service by the end of this month, Kinder Morgan Energy Partners LP (KMP) CEO Rich Kinder said Tuesday.

The Rockies Express Pipeline (REX) is “about two-thirds finished” and the REX-East portion that runs to Lebanon, OH, will be ready for service by the end of this month, Kinder Morgan Energy Partners LP (KMP) CEO Rich Kinder said Tuesday.

The energy industry has to be ready to meet a resurgence in demand that will come once the global economy is back on its feet, BP plc CEO Tony Hayward said last week.

The energy industry has to be ready to meet a resurgence in demand that will come once the global economy is back on its feet, BP plc CEO Tony Hayward said Tuesday.

The natural gas industry was dealt another stout storage injection Thursday morning, but this time traders were ready. Following the report that 90 Bcf was injected into underground storage for the week ended Aug. 29, October natural gas futures bobbed lower to test support at $7 again before rallying to close at $7.322, up 5.8 cents from Wednesday’s close.

Sempra Energy’s two-salt dome cavern, 17 Bcf Liberty Gas Storage project in Louisiana will be ready for injections late this summer, a San Diego, CA-based spokesperson for the energy holding company told NGI. Even with recent delays (see NGI, May 19), construction work continues at the site.

Sempra Energy’s two-salt dome cavern, 17 Bcf Liberty Gas Storage project in Louisiana will be ready for injections late this summer, a San Diego, CA-based spokesperson for the energy holding company told NGI late last Friday. Even with recent delays, construction work continues at the site.

Energy Transfer Partners LP’s (ETP) Southeast Bossier 42-inch diameter gas pipeline project in East Texas is now complete and ready to serve producers in the gas-rich Barnett Shale, the company said. The $468 million project consists of more than 150 miles of pipeline from Farrar, TX, to Silsbee, TX.