Revised

ConocoPhillips’ natural gas marketing arm could write the revised version of how to succeed in the energy merchant business. In the past three years, the integrated producer has steadily grown from regional marketer to North American powerhouse, and now the company is positioning itself to become a major player in liquefied natural gas (LNG), a new market that likely will impact energy trading, a company executive said Wednesday.

Standard & Poor’s Ratings Service (S&P) on Tuesday affirmed El Paso Corp.’s “B-” credit rating and revised the outlook to “stable” from “negative” to reflect the company’s progress to restructure and improve liquidity.

Standard & Poor’s Ratings Service (S&P) on Tuesday affirmed El Paso Corp.’s “B-” credit rating and revised the outlook to “stable” from “negative” to reflect the company’s progress to restructure and improve liquidity.

R.W. Beck’s energy market consultants on Wednesday revised their 2004 natural gas price at Henry Hub upward 50 cents, or 10%, to $5.86/MMBtu because, they said, world events have driven up oil prices and kept an already tight gas market in over drive.

R.W. Beck’s energy market consultants on Wednesday revised their 2004 natural gas price at Henry Hub upward 50 cents, or 10%, to $5.86/MMBtu because, they said, world events have driven up oil prices and kept an already tight gas market in over drive.

Confused as to what path Hurricane Ivan will take following a number of revised forecasts, October natural gas futures traded tentatively for a majority of the shortened regular session, before taking a significant step lower towards settlement. Futures hit a low on the day of $4.54, a level unseen since November 2003, before settling at $4.57, down 8.8 cents.

Florida Gas Transmission declared an Overage Alert Day notice Wednesday with 15% tolerance for negative daily imbalances.

In a second order on rehearing, FERC last Monday further revised its final rule on the standards of conduct (Orders 2004 and 2004-A) governing the relationships between regulated natural gas/electric transmission providers and their affiliates. Dissenting in part were Commissioners Nora M. Brownell and Joseph Kelliher.

In a second order on rehearing, FERC on Monday further revised its final rule on the standards of conduct (Orders 2004 and 2004-A) governing the relationships between regulated natural gas/electric transmission providers and their affiliates. Dissenting in part were Commissioners Nora M. Brownell and Joseph Kelliher.