Talking

Capitol Hill Action on Energy — Much Ado About Nothing

There was a lot of talking on Capitol Hill about energy legislation last week, but in the end lawmakers made no substantive progress on energy policy before heading home for their month-long August recess. Last minute bills and threats, however, indicated they would be back to do it all over again in a short September session, before going off to get re-elected, or not.

August 4, 2008

U.S. LNG Imports: The Waiting Is the Hardest Part

U.S. liquefied natural gas (LNG) executives once frequently quoted the film Field of Dreams — “If you build it, they will come” — when talking up their regasification terminal plans. These days it would be more apt for them to take a page from Samuel Beckett’s famous play Waiting for Godot.

May 19, 2008

U.S. LNG Imports: The Waiting Is the Hardest Part

U.S. liquefied natural gas (LNG) executives once frequently quoted the film Field of Dreams — “If you build it, they will come” — when talking up their regasification terminal plans. These days it would be more apt for them to take a page from Samuel Beckett’s famous play Waiting for Godot.

May 19, 2008

Potential Tropical Storm Hitting the Gulf Thursday Doesn’t Scare Traders

While storm forecasters across the country on Wednesday were talking up the potential development of what would be Tropical Storm Jerry making a Gulf of Mexico appearance on Thursday, natural gas futures traders weren’t battling for the buy button just yet. As of 2 p.m. EDT, the October contract was trading at the day’s low of $6.200, down 36.8 cents from Tuesday.

September 20, 2007

WPS Resources, Peoples Energy Talk Merger

Green Bay, WI-based WPS Resources Corp. and Chicago-based Peoples Energy confirmed Thursday that they are talking about a potential business combination. According to the Wall Street Journal, WPS could buy Peoples for about $1.5 billion.

February 9, 2007

Aussie’s Woodside Proposes Ship-to-Shore LNG Delivery at LAX

After talking with state and utility officials, Australian-based Woodside Natural Gas Inc. Wednesday unveiled more details on its plans to use liquefied natural gas (LNG) ships with onboard regasification facilities to deliver offshore pipeline gas supplies to California at a proposed undersea and underground connection along the coastal fringe that is part of the Los Angeles International Airport (LAX).

March 16, 2006

Nymex Holdings Board Considers Alternative Strategies

The principals aren’t talking, but rumors have been swirling in recent weeks about potential buy-out offers for portions of the increasingly valuable energy trading portion of the New York Mercantile Exchange. The latest was a report circulating Thursday that J.P. Morgan Chase & Co. was presenting a proposal to the Nymex board to set up an initial public offering for the Exchange.

August 19, 2005

Sempra Exploring Multiple Deals with Gazprom

Noting it has “three teams” of negotiators talking to Russia’s Gazprom, Sempra Energy divulged during a first-quarter earnings conference call Wednesday that it is exploring power generation and energy marketing deals with the gas producer in addition to processing some of its liquefied natural gas (LNG) through one or more North American receiving terminals.

May 9, 2005

Sempra Exploring Multiple Deals with Gazprom

Noting it has “three teams” of negotiators talking to Russia’s Gazprom, Sempra Energy divulged during a first-quarter earnings conference call Wednesday that it is exploring power generation and energy marketing deals with the gas producer in addition to processing some of its liquefied natural gas (LNG) through one or more North American receiving terminals.

May 5, 2005

Futures Drop Lower as Temps, Tropical Activity Become Talking Points

Backing away from the psychological $6 mark, August natural gas futures hit a low of $5.77 in morning trading before making its way back up to settle at $5.818, down 6.9 cents on the day.

July 20, 2004