Supports

If North American natural gas drillers continue to lay down rigs at a moderate pace, inventories and price supports should rebalance toward the end of 2009, Barclays Capital energy analysts said last week.

If North American natural gas drillers continue to lay down rigs at a moderate pace, inventories and price supports should rebalance toward the end of 2009, Barclays Capital energy analysts said.

The U.S. Coast Guard on Thursday issued a favorable draft supplemental environmental assessment (EA) that supports the issuance of a “letter of recommendation” (LOR) on the suitability of the Chesapeake Bay waterway to handle the increased tanker traffic associated with the expansion of the Dominion Cove Point liquefied natural gas (LNG) terminal in Cove Point, MD.

The U.S. Coast Guard Thursday issued a favorable draft supplemental environmental assessment (EA) that supports a “letter of recommendation” (LOR) finding that increased tanker traffic from the expansion of the Dominion Cove Point liquefied natural gas (LNG) terminal in Cove Point, MD, will not create significant environmental risks to the Chesapeake Bay.

El Paso Corp. restructured and expanded its hedging program that supports its 2007 gas production, and CEO Doug Foshee expressed optimism about the company’s 2007 outlook.

Congress should put in place a process to begin lifting the congressional and executive branch moratoria to unlock “very significant potential resources” in the eastern Gulf of Mexico and off the East and West Coasts, independent producer and local distribution company (LDCs) groups recommended to the Senate Energy and Natural Resources Committee Friday.

Congress should put in place a process to begin lifting the congressional and executive branch moratoria to unlock “very significant potential resources” in the eastern Gulf of Mexico and off the East and West Coasts, independent producer and local distribution company (LDCs) groups recommended to the Senate Energy and Natural Resources Committee Friday.

To the consternation of local government officials and community activists in Ventura County northwest of Los Angeles, a joint federal-state draft environmental impact report (EIR) released earlier this month minimizes any safety concerns about a proposed offshore liquefied natural gas (LNG) receiving terminal 21 miles off of Oxnard, CA, as contemplated by Australian resource giant BHP Billiton.

To the consternation of local government officials and community activists in Ventura County northwest of Los Angeles, a joint federal-state draft environmental impact report (EIR) released earlier this month minimizes any safety concerns about a proposed offshore liquefied natural gas (LNG) receiving terminal 21 miles off of Oxnard, CA, as contemplated by Australian resource giant BHP Billiton.