The smallest entry in the lineup to export liquefied natural gas (LNG) from a proposed new terminal at Kitimat on the northern Pacific coast of British Columbia has postponed its original startup date by two years.
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Barclays Says U.S. E&Ps to Spend More in Oily Shales, Less in Gas
U.S. exploration and production (E&P) companies that have taken a shine to the oily shale plays are boosting their capital expenditures (capex) in 2011, while the gas-focused shale operators are reining in the spending, according to a survey by Barclays Capital.
Arizona Regulators Examine Proposed Gas, Power Rate Hikes
Arizona regulators on Wednesday began a series of evidentiary hearings on separate general rate increase proposals from the state’s largest and smallest investor-owned electric and natural gas utilities, respectively. Final action from the Arizona Corporation Commission (ACC) on both cases is expected later this year, a Phoenix-based ACC spokesperson told NGI.
Futures Fall Despite ‘Slightly Supportive’ 66 Bcf Build
A billion cubic feet withdrawal in the West region helped the Energy Information Administration (EIA) report the smallest national storage injection since mid-April. The government agency reported that 66 Bcf was put into the ground for the week ending July 17, which somewhat surprisingly sent futures values scurrying lower on Thursday to close at $3.550, down 24.3 cents from Wednesday’s regular session.
Canadian Court Finds Mackenzie Pipe Failed to Consult with Aboriginals
The smallest piece of Canada’s northern natural gas pipeline project turned into one of its bigger headaches Nov. 10, when protesting Alberta natives won an aboriginal rights ruling by the Federal Court of Canada.
Canadian Court Finds Mackenzie Pipe Failed to Consult with Aboriginals
The smallest piece of Canada’s northern natural gas pipeline project turned into one of its bigger headaches Nov. 10, when protesting Alberta natives won an aboriginal rights ruling by the Federal Court of Canada.
Trading is Lackluster as Futures Settle Pennies Lower
After trading within one of its smallest ranges in months, February natural gas futures on Tuesday basically called the day a wash, settling 2.4 cents lower at $9.336. Trading flip-flopped from gains to losses for a majority of the session while remaining within a tight 27-cent range from $9.280 to $9.550.
CO PUC Staff Proposal Draws Ire of Kinder Morgan, Aquila
As the two smallest of the private-sector energy utilities in Colorado, Kinder Morgan and Aquila are drawing a line in the Rocky Mountain clay soil with the state regulatory commission staff’s proposal to change the rules on how and what the electric and natural gas distributors must do to determine allocation of their costs. The two energy suppliers argue that the proposal will result in long, costly litigation fights among the companies, Public Utilities Commission (PUC) staff and customers.
CO PUC Staff Proposal Draws Ire of Kinder Morgan, Aquila
As the two smallest of the private-sector energy utilities in Colorado, Kinder Morgan and Aquila are drawing a line in the Rocky Mountain clay soil with the state regulatory commission staff’s proposal to change the rules on how and what the electric and natural gas distributors must do to determine allocation of their costs. The two energy suppliers argue that the proposal will result in long, costly litigation fights among the companies, Public Utilities Commission (PUC) staff and customers.
All Markets United in Softness; West Drops Smallest
Much like in trading for the long holiday weekend, the West showed the greatest relative price strength Tuesday, but even that region succumbed to overall falling numbers. With a natural gas screen dip of 9.2 cents almost lost in a general crash of energy futures and forecasts pointing to a cool September for most of the eastern U.S., prospects for a substantive gas price rally appear remote.