Hurricanes Gustav and Ike, striking within less than two weeks of each other, as of late Tuesday had curtailed around 130 Bcf of natural gas production from the federal offshore areas alone, and the ongoing shut-ins now surpass the combined impact on a cumulative basis of hurricanes Katrina and Rita in 2005, energy analysts said this week.
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Warmer Oceans Could Bring Fewer Hurricanes, NOAA Says
Warmer ocean waters could mean fewer Atlantic hurricanes striking the United States, according to new findings by climate scientists at the National Oceanic and Atmospheric Administration (NOAA).
Warmer Oceans Could Bring Fewer Hurricanes, NOAA Says
Warmer ocean waters could mean fewer Atlantic hurricanes striking the United States, according to new findings by climate scientists at the National Oceanic and Atmospheric Administration (NOAA).
Excelerate Energy to Expand ‘Energy Bridge’ Tanker Fleet
Houston-based Excelerate Energy Thursday announced plans to nearly double its fleet of LNG carrier/regasification ships, striking another deal with Exmar NV, Antwerp, Belgium to take an equity interest in three more of the dual-purpose vessels, called “Energy Bridge” ships. The added ships will push its total fleet to nine when these three and two others already in construction are launched.
Excelerate Energy to Expand ‘Energy Bridge’ Tanker Fleet
Houston-based Excelerate Energy Thursday announced plans to nearly double its fleet of liquefied natural gas (LNG) carrier/regasification ships, striking another deal with Exmar NV of Antwerp, Belgium to take an equity interest in three more of the duel vessels, called “Energy Bridge” ships. The added ships will push its total fleet to nine when these three and two others already in construction are launched.
FERC Temporarily Re-Adopts Pipe-Marketing Affiliate Rule
Responding to a court decision striking down the agency’s expanded affiliate rule as it applies to interstate natural gas pipelines, the Federal Energy Regulatory Commission last Tuesday temporarily readopted its former slimmed-down affiliate rule, Order 497, that restricts the relationship solely between interstate gas pipes and their marketing affiliates.
FERC Temporarily Re-Adopts Pipe-Marketing Affiliate Rule
Responding to a court decision striking down the agency’s expanded affiliate rule as it applies to interstate natural gas pipelines, the Federal Energy Regulatory Commission Tuesday temporarily readopted its former slimmed-down affiliate rule, Order 497, that restricted the relationship solely between interstate gas pipes and their marketing affiliates.
EIA: Gas-Fired Generation Up 21% in May
Lower natural gas prices and higher petroleum prices this year have led to some striking changes in power generation, according to the latest data from the Energy Information Administration. EIA’s Monthly Flash Estimates shows gas-fired generation in May was up 21.4% compared to May 2005 while petroleum-fired power generation plummeted 42.3% compared to the same month last year.
Futures Continue Lower; $6 Mark in Sight
Striking lower for the third consecutive day, August natural gas futures on Friday came close to breaking through the psychological $6 mark, reaching a low of $6.07 on the day.
LADWP Looks at Natural Gas Pipeline from CA-AZ Border, New Supply Deals
Los Angeles Department of Water and Power (LADWP) is striking out into new gas supply ventures, looking at buying the undeveloped California portion of Questar Corp.’s converted oil-to-natural gas Southern Trails pipeline, preparing to sign its first of three pre-paid, 10-year natural gas supply deals with a Native American tribe, and joining with other Southern California munis to line up natural gas reserves behind a new power plant in Burbank, CA.