A subsea survey for the fourth time has confirmed the integrity of the Macondo well and the associated relief wells in the deepwater Gulf of Mexico, BP plc said. The visual inspection by BP and Transocean Ltd., which owned the Deepwater Horizon drilling rig, was to see if residual oil remained trapped under wreckage. The sheen is not recoverable and poses no risk to the shoreline, the U.S. Coast Guard said. No conclusive evidence of hydrocarbons leaking was observed from the surveyed area, but a “white, cloudy substance” appeared to emanate from several places on the overturned rig. Samples were collected, and BP plans to review the results with federal officials.
Relief
Articles from Relief
Toll Relief Seen Coming for TransCanada Shippers
Relief is at hand for shippers suffering from rising tolls on TransCanada Corp.’s natural gas pipeline network, the National Energy Board (NEB) has been told.
March 19, 2012
TransCanada Toll Plan Would Recognize Value of NGLs
Relief is at hand for shippers suffering from rising tolls on TransCanada Corp.’s natural gas pipeline network, the National Energy Board (NEB) has been told.
March 19, 2012
Moody’s Cuts 2012 Henry Hub Price to $2.75/MMBtu
Moody’s Investors Service on Thursday sliced its North American natural gas price assumptions through 2013 and said with “no relief in sight for overproduction and storage,” it now assumes that gas delivered at the Henry Hub this year will sell for an average of $2.75/MMBtu.
January 30, 2012
Tennessee Expansion Enters Service, Lifts Prices
Northeast Pennsylvania Marcellus Shale producers got some relief last Tuesday from sagging prices when El Paso Corp.’s Tennessee Gas Pipeline Co. placed its long-awaited 300 Line forward-haul expansion in service, increasing capacity on the Tennessee Gas Pipeline (TGP) system by 350 MMcf/d, a nearly 50% boost.
November 7, 2011
Marcellus Gets the Expansion It’s Been Waiting For
Northeast Pennsylvania Marcellus Shale producers got some relief from sagging prices when El Paso Corp.’s Tennessee Gas Pipeline Co. placed its long-awaited 300 Line forward-haul expansion in service, increasing capacity on the Tennessee Gas Pipeline (TGP) system by 350 MMcf/d, a nearly 50% boost.
November 2, 2011
Tennessee Expansion Enters Service, Lifts Prices
Northeast Pennsylvania Marcellus Shale producers got some relief from sagging prices when El Paso Corp.’s Tennessee Gas Pipeline Co. placed its long-awaited 300 Line forward-haul expansion in service, increasing capacity on the Tennessee Gas Pipeline (TGP) system by 350 MMcf/d, a nearly 50% boost.
November 2, 2011
Natgas Mostly Weathers Oil Selling Storm; June Slides
June natural gas prices worked lower amid a frenzy of selling in other petroleum markets. Natural gas traders see a pervasive interest by funds and managed accounts in pursuing the short side of the market, but they caution that any surprises could send prices sharply higher.
May 12, 2011
Despite Shifting Ike Course, Futures Close Nearly Unchanged
Natural gas traders on Tuesday breathed a small sigh of relief as the unpredictable Hurricane Ike changed paths to a more westerly course that should spare much of the Gulf of Mexico’s energy infrastructure. Despite the news, October natural gas futures settled almost unchanged at $7.535, due likely to the fact that it is still early and the storm’s path could very well change again.
September 10, 2008
BLM to Hold ‘Major’ Lease Sale on Alaska NPR
With energy prices at historical — and in some cases record highs — relief could be on the way in a few years as the Bureau of Land Management (BLM) announced last week that it will make land available for oil and natural gas leasing in the resource-rich northeast and northwest portions of the National Petroleum Reserve in Alaska (NPR-A).
July 21, 2008
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