BP yesterday said it has found the largest gas field to dateoffshore Trinidad and Tobago, which has become a major source ofliquefied natural gas for the U.S. market. BP’s initial well on theRed Mango field, located 35 miles east of Galeota Point, indicated3 Tcf of gas reserves and about 90 million bbl of condensate. It’sBP’s second major gas find in the area this year. The company saidit would shortly begin appraisal work to define the exact size ofthe find.
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Constellation Energy Source, a subsidiary of ConstellationEnergy Group, signed an agreement to provide energy managementservices including construction, ownership and operation of acentral plant that will provide the Pittsburgh Steelers withheating, air conditioning and hot water for their new 65,000-seatstadium. Under the multi-year agreement, the company will beginconstruction on the plant immediately and expects to have theproject finished by the spring of 2001. The stadium is scheduledfor completion by August 2001.
September 21, 2000
Tropical Wave Arouses Stir in Otherwise Quiet Market
Tuesday’s trading appeared to bear out one Daily GPI source’spredictions Monday of generally stagnant pricing for the rest ofthis week. Eastern numbers formed almost a mirror image of theprevious day’s pattern. Instead of being flat to a little higher,they were flat to a little lower. And prices in the West, which hadbeen busy recovering lost weekend ground Monday, joined inTuesday’s overall flat-to-lower trend with the exception of smallgains at the PG&E citygate and a couple of Rockies locations.
August 18, 1999
American Gas Storage Survey
Natural Gas Intelligence the weekly gas market newsletter
August 16, 1999
With Fundamentals Away, Technicals Rule the Day
Whether the cash market follows the futures screen or vice-versais the source of considerable conjecture and debate in the naturalgas market-almost on a daily basis. Although there have been timeswhen futures have been the driving force in the market, many feelthat cash prices, egged on by solid heating demand, have liftedfutures prices out of the doldrums this month.
March 19, 1999
NIPSCO Refocusing, Changing Name to NiSource
NIPSCO Industries is changing its name to NiSource Inc.(pronounced Nye-source), in an attempt to signal a new directionfor the company as a multi-state supplier of energy and waterresources and related services. The company’s logo will remain thesame, continuing to incorporate beams bursting from a point oflight.
March 3, 1999
American Gas Storage Survey
Natural Gas Intelligence the weekly gas market newsletter
January 4, 1999
Pricing for Halloween, Nov. 1-2 Wildly Varied
The source who commented “It’s a wild and crazy market outthere” when asked Friday to explain big variations in price quotesfor Nov. 1-2 business was understating the situation by manydegrees. There seemed to be no rhyme or reason at all in the earlyNovember aftermarket when traders were reporting ranges of 25-30cents for individual points in swing deals done Friday.
November 2, 1998
Existing Fields Big Source of Reserve Additions, GRI Says
Most of the additions to natural gas and crude oil reservesduring the past decade have come from existing fields rather thanfrom new discoveries, and the trend is likely to continue well intothe future, according to a new study issued by the Gas ResearchInstitute (GRI) yesterday.
April 14, 1998
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