Scale

World leaders must agree on “an ambitious, robust and equitable global deal on climate change that responds credibly to the scale and urgency of the crisis facing the world today,” according to The Copenhagen Communique, a statement published jointly Tuesday by the business leaders of more than 500 companies from around the world that participated in the UN Summit on Climate Change in New York.

The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said last Thursday.

The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said Thursday.

The latest proposal for developing the first commercial-scale natural gas storage in Arizona failed to get help from the legislature before it adjourned early this month. A House-passed bill (HB 2352) would have allowed water injection to clear out shallower salt caverns for eventual underground gas storage, but the bill failed to make it to the Senate floor.

The latest among several serious proposals for developing the first commercial-scale natural gas storage in the state failed to get help from the Arizona legislature before it adjourned at the beginning of July. A House-passed bill (HB 2352) would have allowed water injection to clear out shallower salt caverns for eventual underground gas storage, but the bill failed to make it to the Senate floor.

The Magnum Gas Storage project — the first large-scale, high-deliverability, multi-cycle salt cavern natural gas storage facility proposed for development in the West — is holding a nonbinding open season for storage services through July 31.

Nexen Inc.’s decision to scale down its marketing division paid off in 1Q2009, but the Calgary-based producer still saw earnings tumble 79% compared with the same period last year.

Nexen Inc.’s decision to scale down its marketing division paid off in 1Q2009, but the Calgary-based producer still saw earnings tumble 79% compared with the same period last year.

Backers of a proposed 400 MW utility-scale solar thermal plant have sited the project near the path of major interstate natural gas pipeline and electric transmission corridors, illustrating where they and competitors likely will be looking to site similar solar-thermal developments.