Remains

Seal Beach, CA-based Clean Energy Fuels Corp. said Wednesday it remains skeptical of plans for a more robust gas transportation fueling network that were approved by the Georgia Public Service Commission (PSC). The regulators went against a staff recommendation, opening some of the network to individual consumers with compressed natural gas (CNG) vehicles.

Tennessee lifted an Action Alert OFO for all balancing parties in Zones 0, 1, L, 2 and 3. The OFO remains in effect for all balancing parties in Zones 4, 5 and 6, the pipeline said.

Although a shale-produced natural gas surplus remains, it is at a lower level than many expected and thus a couple of drivers could send prices back into a period of volatility, according to Jim Duncan, chief analyst and commodity market strategist for ConocoPhillips in Houston.

Although a shale-produced natural gas surplus remains, it is at a lower level than many expected and thus a couple of drivers could send prices back into a period of volatility, according to Jim Duncan, chief analyst and commodity market strategist for ConocoPhillips in Houston.

The Interior Department remains mum on Republican senators’ claim that revenue from bonus bids associated with offshore oil and natural gas leasing has nosedived to zero from $10 billion over the past three years.

The overall weather outlook remains mild to cool, but overnight lows in the 30s and 40s in parts of the Northeast, Rockies and Canada may have been enough to pull the cash market out of its recent slide Tuesday. Certainly the futures drop of 4.9 cents a day earlier didn’t contribute anything to the cause.

Relatively cool weather in most of North America has yet to translate into substantive heating load increases; a tropical storm threat remains nonexistent and likely to stay that way through the final two months of the 2011 Atlantic season; and a screen drop of 8.1 cents Friday kept downward pressure on the cash market. The return of industrial load from its weekend decline provided weak market support.

Williams could delay the spinoff of its exploration and production (E&P) business, but the company remains committed to separating the upstream unit from its expanding midstream operations, CEO Alan Armstrong said on Wednesday.

Williams could delay the spinoff of its exploration and production (E&P) business, but the company remains committed to separating the upstream unit from its expanding midstream operations, CEO Alan Armstrong said on Wednesday.