Revises

The Bureau of Land Management (BLM) will publish a final rule in Friday’s Federal Register that revises the process the BLM will use in issuing right-of-way grants and calculating cost-recovery fees for the use of public lands for pipelines, roads, transmission lines and communications sites.

In order to sort out historical alignment issues in the rare year — such as 2004 — when there are 53 weekly natural gas storage reports instead of the usual 52 (see Daily GPI, Jan. 7), the Energy Information Administration (EIA) said Thursday that beginning with the report for the week ending Jan. 7, it has implemented a daily interpolated average approach of calculating the year-ago and five-year average statistics.

In order to sort out historical alignment issues in the rare year — such as 2004 — when there are 53 weekly natural gas storage reports instead of the usual 52 (see NGI, Jan. 10), the Energy Information Administration (EIA) said Thursday that beginning with the report for the week ended Jan. 7, it has implemented a daily interpolated average approach of calculating the year-ago and five-year average statistics.

Due to lower petroleum and natural gas prices, the Energy Information Administration reported in its latest Short-Term Energy Outlook that it has marginally reduced its projections of winter heating fuel prices and winter household heating fuel expenditures.

Due to lower petroleum and natural gas prices, the Energy Information Administration reported in its latest short-term energy outlook that it has marginally reduced its projections of winter heating fuel prices and winter household heating fuel expenditures.

Due to lower petroleum and natural gas prices, the Energy Information Administration reported in its latest short-term energy outlook that it has marginally reduced its projections of winter heating fuel prices and winter household heating fuel expenditures.

A change in inventory accounting principles helped Royal Dutch/Shell Group increase net income in the first quarter by $226 million to $4.7 billion, up from the previously reported $4.43 billion. The oil major last week also updated its quarterly production figures to give investors “further clarity” ahead of its second quarter results, which will be announced July 29.

Royal Dutch/Shell Group said a change in inventory accounting principles increased net income in the first quarter by $226 million to $4.7 billion. It had previously reported net income of $4.43 billion. Shell also updated its quarterly production figures, and said it was publishing the information to give investors “further clarity.” The second quarter results are scheduled to be announced July 29.

Williams said Monday that its 2003 income was better than first reports last month because of adjusted earnings from its power business. The company said it recorded an additional $12 million, or 2 cents per share, in after-tax income for 2003.