Return

Except for isolated upticks in the Northern California market and only mild softness at Pacific Northwest points, prices for last-of-May flow fell by about 15 cents or more Wednesday. A negative screen during the morning provided no support for cash traders, and weather fundamentals are still too mild to create substantial air conditioning load, sources said.

With Energy Marketing & Trading (EMT) leading the way, Williams more than doubled the return on its energy businesses in the first quarter this year over last, recording results from continuing operations of $378.3 million or 78 cents per share, compared with a restated $138.9 million or 31 cents a share for 1Q 2000.

With Energy Marketing & Trading (EMT) leading the way, Williams more than doubled the return on its energy businesses in the first quarter this year over last, recording results from continuing operations of $378.3 million or 78 cents per share, compared with a restated $138.9 million or 31 cents a share for 1Q 2000.

The drop in global energy industry transaction values to $303.6billion in 2000 from $360.2 billion a year earlier was actually a”return to normal” following several mega-mergers in 1999,according to a John S. Herold Inc. study released last week. Theupstream global merger and acquisition transaction values totaled$112.2 billion in 2000, down 16% from $152.9 billion in 1999.

The drop in global energy industry transaction values to $303.6billion in 2000 from $360.2 billion a year earlier, was actually a”return to normal” following several mega-mergers in 1999,according to a John S. Herold Inc. study. The upstream globalmerger and acquisition transaction values totaled $112.2 billion in2000, down 16% from $152.9 billion in 1999.

Despite forecasts calling for temperatures to return to normal,natural gas futures continued lower yesterday as traders pressuredprices to new one-month lows. The February contract was the hardesthit, tumbling 36.9 cents to close at $8.103, a hair beneath theJan. 3 low of $8.14. For the second session in a row, the outmonths remained relatively strong as the 12-month strip only sagged14.3 cents to close at $6.339.

New Jersey’s Public Service Electric and Gas Co. (PSE&G) hascalled on FERC to order the sponsors of the Cross Bay Pipelineproject to return to the drawing board and come up with anapplication that has a “more conventional structure,”

Suncor Energy Inc. of Calgary said it will reposition its gasbusiness to achieve at least a 10% return on capital within fiveyears. Suncor intends to build competitive operating areas, improvebase business efficiency and create new, low-capital businesses.

Suncor Energy Inc. of Calgary plans to reposition its gasbusiness to achieve at least a 10% return on capital within fiveyears. Suncor intends to build competitive operating areas, improvebase business efficiency and create new, low-capital businesses.