Stall

Protesters and critics still have a voice but they have been stripped of power to stall or kill Canadian oil and gas projects with delaying tactics, confirms the pioneer foray into new regulatory review and approval procedures.

Three conservation and environmental groups are seeking to stall the construction of Inergy subsidiary Central New York Oil and Gas Co.’s (CNYOG) MARC I Hub project in northeast Pennsylvania until the company corrects “serious flaws” in its invasive species management plan.

Three conservation and environmental groups are seeking to stall the construction of Inergy subsidiary Central New York Oil and Gas Co.’s (CNYOG) MARC I Hub project in northeast Pennsylvania until the company corrects “serious flaws” in its invasive species management plan.

Major producer groups have protested the Obama administration’s decision Tuesday to stall the review of the new five-year offshore leasing plan (2010-2015) that was issued in the final days of the Bush administration.

In a surprising move that could stall several proposed liquefied natural gas (LNG) import projects in the Bahamas, FPL Group subsidiary Florida Power & Light Co. said last Wednesday that it has called off its request for proposals (RFP) for 15-25-year agreements for LNG supply to serve its Florida utility operations.

In a surprising move that could stall several proposed liquefied natural gas (LNG) import projects in the Bahamas, FPL Group subsidiary Florida Power & Light Co. said Wednesday that it has called off its request for proposals (RFP) for 15-25-year agreements for LNG supply to serve its Florida utility operations.

There has been much discussion of the stall in gas-directed drilling in the United States despite expectations of higher prices going forward, but gas drilling also has failed to gain momentum in Canada, Raymond James analysts noted in their “Stat of the Week” equity research report. The analysts predict Canadian gas production and U.S. gas imports will fall by about 500 MMcf/d or 2-3% this winter compared to last winter.

There has been much discussion of the stall in gas-directed drilling in the United States despite expectations of higher prices going forward, but gas drilling also has failed to gain momentum in Canada, Raymond James analysts noted in their “Stat of the Week” equity research report. The analysts predict Canadian gas production and U.S. gas imports to fall by about 500 MMcf/d or 2-3% this winter compared to last winter.

As sources had anticipated, Wednesday’s stall in this week’s bull market led to softer prices Thursday. A majority of losses were in the vicinity of a dime, but others ranged from only 1-2 cents down at a couple of Gulf Coast points to a drop of more than 30 cents at Transco’s Zone 6-NYC.