Shows

The U.S. natural gas market shows signs of improving, but maybe not as fast as some would “expect, hope for or need,” a Houston energy investment banker said Tuesday.

The story “Ranking Shows ‘Scrambled’ Pipe Capacity Trader Lineup” in the Oct. 12 issue of Natural Gas Intelligence included incorrect information from a source. RBS Sempra Energy Trading should be ranked 13th among pipeline capacity traders.

The story “Top Pipe Capacity Players ‘Scrambled,’ Ranking Shows” in the Oct. 7 issue of NGI’s Daily Gas Price Index included incorrect information from a source. RBS Sempra Energy Trading should be ranked 13th among pipeline capacity traders.

As expected, the combination of generally light weather-based demand, further futures softness a day earlier and the extra loss of load associated with a long holiday weekend resulted in lower prices at virtually all points Thursday. Forecasts of mid 90s to 100-degree highs in the south-central U.S. and a warming trend to either side of 80 in the Midwest failed to increase cooling load enough to support the cash market.

The U.S. exploration and production (E&P) industry this year shows few signs of pulling out of its drilling decline, but the rapid and steep drop in natural gas and oil prices appears to be “near or at a trough,” Standard & Poor’s (S&P) said last week.

The U.S. exploration and production (E&P) industry this year shows few signs of pulling out of its drilling decline, but the rapid and steep drop in natural gas and oil prices appears to be “near or at a trough,” Standard & Poor’s (S&P) said Monday in an industry outlook.

El Paso Corp., which has doubled its natural gas pipeline backlog from a year ago with eight projects on the drawing board, delivered a solid quarterly report, with profit rising 22%.

Spectra Energy third quarter profit was down sharply on discontinued operations, but when special items are excluded net income shows a nearly 32% gain from the year-ago period on strong results in the company’s gas pipeline and storage businesses.

Spectra Energy third quarter profit was down sharply on discontinued operations, but when special items are excluded net income shows a nearly 32% gain from the year-ago period on strong results in the company’s gas pipeline and storage businesses.