Starved

Over-the-counter (OTC) energy derivatives trading was spared the recent round of cost-cutting among capital-starved financial institutions because it “was generating significant revenues and represented a rare opportunity for continued profits and growth,” according to a study by consultancy Greenwich Associates.

Over-the-counter (OTC) energy derivatives trading was spared the recent round of cost-cutting among capital-starved financial institutions because it “was generating significant revenues and represented a rare opportunity for continued profits and growth,” according to a study by consultancy Greenwich Associates.

Alaska Gov. Sarah Palin will introduce legislation to spur development of a pipeline to serve the state’s gas-starved Southcentral region, she told lawmakers Thursday. This came one day after entities working on two separate in-state projects said they were not collaborating, despite a partnership announcement by the state last summer that called for them to work together.

Alaska Gov. Sarah Palin will introduce legislation to spur development of a pipeline to serve the state’s gas-starved Southcentral region, she told lawmakers Thursday. This came one day after entities working on two separate in-state projects said they were not collaborating, despite a partnership announcement by the state last summer that called for them to work together.

Gas storage-starved Arizona could be getting up to 3-4 Bcf of salt cavern capacity if initial development plans of Tempe, AZ-based Pacific Texas Energy Services LLC come to pass.

Gas storage-starved Arizona could be getting up to 3-4 Bcf of salt cavern capacity if initial development plans of Tempe, AZ-based Pacific Texas Energy Services LLC come to pass.

If early reports are confirmed, the irony will not be lost on energy-starved Californians. Last week, Tri-Valley Oil & Gas Co. (TVOG) reported it might have found the West’s largest natural gas field ever near Delano, CA, estimating it holds 3 Tcf in reserves. TVOG said its Sunrise Natural Gas Project might be one of the largest onshore finds in more than half a century.

If early reports are confirmed, the irony will not be lost on energy-starved Californians. Yesterday, Tri-Valley Oil & Gas Co. (TVOG) reported it might have found the West’s largest natural gas field ever near Delano, CA, estimating it holds 3 Tcf in reserves. TVOG said its Sunrise Natural Gas Project might be one of the largest onshore finds in more than half a century.

With natural gas as its standard bearer and its sights set on the energy-starved East Coast, KeySpan Corp. announced it is now 8% ahead of its 2001 goal to add $60 million to its gross profit margin through gas conversions on Long Island and the Boston area, and is on target to reach about 90% of the home heating market in the Long Island region within the next few years. The company is now involved in four pipeline projects, and has set a goal to deliver almost 1 Bcf/d to the eastern suburbs of New York City.