Sees

The marathon review of a 32-year-old moratorium against natural gas exploration offshore of British Columbia has ended in a hung jury — and a warning to the minority Liberal government in Ottawa that it will take its life in its hands if it tries to change the status quo.

The nation faces a number of negative conditions as the winter heating season begins: flat to negative natural gas production that is driving up prices, tight infrastructure capacity in certain regions (especially Northeast) and expected higher gas demand, FERC said in its “2004-05 Winter Energy Market Assessment,” which was released last Thursday.

Riding a wave of positive news that has buoyed its share price and improved the long-term outlook, Williams on Thursday reiterated its growing stability from high natural gas prices, which in turn has benefited all of its gas businesses and its rebounding power business.

Natural gas production in the Gulf of Mexico is expected to decline in the short term as old fields begin to mature and become exhausted, but will rebound beginning in 2008, reaching approximately 13.5 Bcf/d at its peak, said Rebecca Watson, assistant secretary of the Interior for Land and Minerals Management.

The nation faces a number of negative conditions as the winter heating season begins: flat to negative natural gas production that is driving up prices, tight infrastructure capacity in certain regions (especially New England) and expected higher gas demand, FERC said in its “2004-05 Winter Energy Market Assessment,” which was released Thursday.

Riding a wave of positive news that has buoyed its share price and improved the long-term outlook, Williams on Thursday reiterated its growing stability from high natural gas prices, which in turn has benefited all of its gas businesses and its rebounding power business.

The nation faces a number of negative conditions as the winter heating season begins: flat to negative natural gas production that is driving up prices, tight infrastructure capacity in certain regions (especially New England) and expected higher gas demand, FERC said in its “2004-05 Winter Energy Market Assessment,” which was released Thursday.

Riding a wave of positive news that has buoyed its share price and improved the long-term outlook, Williams on Thursday reiterated its growing stability from high natural gas prices, which in turn has benefited all of its gas businesses and its rebounding power business.

Natural gas production in the Gulf of Mexico is expected to decline in the short term as old fields begin to mature and become exhausted, but will rebound beginning in 2008, reaching approximately 13.5 Bcf/d at its peak, said Rebecca Watson, assistant secretary of the Interior for Land and Minerals Management.