Oil and natural gas producers and drilling contractors were processing good and bad news as they continued evacuations and production shut-ins over the weekend ahead of Hurricane Dean’s arrival in the Gulf of Mexico (GOM). While the Category 4 hurricane was threatening to strengthen to Category 5 strength (155 mph-plus winds), a Bermuda high-pressure system was working to keep Dean on a mostly western track into Mexico, likely sparing most U.S. Gulf infrastructure and the Texas coast from direct hits.
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Articles from Sure
Futures Drop 31.4 Cents as Lack of Weather Remains Key Driver
After January natural gas futures failed to stay below the psychological $7 level on Tuesday, traders made sure the move to sub-$7 levels stuck on Wednesday. The contract spiraled to a low of $6.760 before settling at $6.769, down a significant 31.4 cents on the day.
December 21, 2006
ConocoPhillips, Sound Energy Sign MOU on Long Beach LNG Terminal Plans
In a move sure to be closely scrutinized by opposing state and federal regulators squabbling over jurisdiction, Houston-based ConocoPhillips and Mitsubishi’s Sound Energy Solutions (SES) announced late Monday that they signed a memorandum of understanding to work jointly on SES’s proposed liquefied natural gas (LNG) receiving terminal in the Port of Long Beach, CA.
May 18, 2005
FERC’s Wood Questions Energy Bill Language On LNG Authority
FERC Chairman Patrick Wood, who announced Wednesday that he will be departing the agency at the end of June, told reporters this week that he’s not sure that current language in pending comprehensive energy legislation dealing with the siting of liquefied natural gas (LNG) facilities is “helpful.”
April 8, 2005
ConocoPhillips, Sound Energy Sign MOU on Long Beach LNG Terminal Plans
In a move sure to be closely scrutinized by opposing state and federal regulators squabbling over jurisdiction, Houston-based ConocoPhillips and Mitsubishi’s Sound Energy Solutions (SES) announced late Monday that they signed a memorandum of understanding to work jointly on SES’s proposed liquefied natural gas (LNG) receiving terminal in the Port of Long Beach, CA.
July 19, 2004
Sempra Gas Buying Gains $48.2 Million Reward for Shareholders
Sure to be a welcome boost to its third quarter results, Sempra Energy’s Southern California Gas Co. gained a $48.2 million reward from the California Public Utilities Commission Thursday for the success of it multi-billion-dollar annual gas-buying program over a two-year period, 2000-2002.
August 22, 2003
Forget Price Cycles, EEA Calls New High Prices a ‘Fundamental Shift’
As natural gas prices continue to stay north of $5.50, industry watchers are not sure whether the market is just reaching the peak of another cycle or whether these levels actually are sustainable over a longer term. Consultants at Arlington, VA-based Energy and Environmental Analysis, Inc. (EEA) believe there has been “fundamental shift in the gas market paradigm that is likely to be with us for the next two years or more.”
February 17, 2003
Forget Price Cycles, EEA Calls New High Prices a ‘Fundamental Shift’
As natural gas prices continue to stay north of $5.50, industry watchers are not sure whether the market is just reaching the peak of another cycle or whether these levels actually are sustainable over a longer term. Consultants at Arlington, VA-based Energy and Environmental Analysis, Inc. (EEA) believe there has been “fundamental shift in the gas market paradigm that is likely to be with us for the next two years or more.”
February 14, 2003
GAO: MMS Can’t Say if RIK Program is Success or Flop
The Interior Department’s Minerals Management Service (MMS) can’t say for sure whether its program in which it takes oil and natural gas from producers in lieu of cash royalty payments has been a success or failure, said the General Accounting Office (GAO).
January 20, 2003
GAO: MMS Can’t Say if RIK Program is Success or Flop
The Interior Department’s Minerals Management Service (MMS) can’t say for sure whether its program in which it takes oil and natural gas from producers in lieu of cash royalty payments has been a success or failure, said the General Accounting Office (GAO).
January 17, 2003
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