Sources

A $21 million effort among federal, state and industry sources was announced by the National Renewable Energy Laboratory (NREL) on Wednesday to support the development of natural gas engines and vehicles.

A $21 million effort among federal, state and industry sources was announced by the National Renewable Energy Laboratory (NREL) on Wednesday to support the development of natural gas engines and vehicles.

Although a couple of sources had been dubious a day earlier about cold weather forecasts for the holiday weekend being able to rally the cash market, the projected jump in heating load proved sufficient to boost prices at most points Thursday. After sinking by triple-digit amounts in the previous two days, Northeast citygates led the rebound with gains of a dollar or more at most locations as regional lows were expected to fall into the 20s again after a gradual warming trend.

Capturing and storing carbon dioxide (CO2) emissions from power plants and industrial sources on a commercial scale with 100 projects worldwide by 2020 and 3,000 projects by 2050 will require trillions of dollars of investment, according to a report released last Tuesday by the International Energy Agency (IEA) at the Carbon Sequestration Leadership Forum Ministerial in London.

Capturing and storing carbon dioxide (CO2) emissions from power plants and industrial sources on a commercial scale with 100 projects worldwide by 2020 and 3,000 projects by 2050 will require trillions of dollars of investment, according to a report released Tuesday by the International Energy Agency (IEA) at the Carbon Sequestration Leadership Forum Ministerial in London.

Royal Dutch Shell plc is set to announce “substantial” job cuts in the coming days, sources told NGI Friday.

Other than slightly warmer trends in the South, weather fundamentals were still light for the gas market as a whole. But as a couple of sources had predicted, the previous day’s 41.4-cent spike by futures was able to propel most points to double-digit gains Tuesday. But continuing issues with excess supply caused a few western locations to be as much as about a nickel lower.

It’s no secret that the natural gas industry is long on supply and, thanks to the recession, currently short on market. Complicating the picture are the shifting geography of supply sources as producers target unconventional basins, and pipeline capacity constraints, which are expected to periodically push prices down further and put a ceiling on high prices, the founder of Bentek Energy LLC said last Wednesday.

It’s no secret that the natural gas industry is long on supply and, thanks to the recession, currently short on market. Complicating the picture are the shifting geography of supply sources as producers target unconventional basins, and pipeline capacity constraints, which are expected to periodically push prices down further and put a ceiling on high prices, the founder of Bentek Energy LLC said Wednesday.