Thing

A new report on the proposed Broadwater Energy LLC LNG (liquefied natural gas) project suggests the additional gas supplies it would bring to New York state would be a good thing, but they aren’t critical to the market, at least not yet.

The Offshore Technology Conference (OTC) held last week in Houston showcased some of the newest technology for the oilpatch, but investors looking for the next big thing will have to wait at least three to five years before any of the touted innovations make their mark, Raymond James & Associates energy analysts said in a report Monday.

Energy efficiency is no longer considered just a “nice thing to do for society” and is now considered “a real resource,” even a “fifth fuel,” National Association of Regulatory Utility Commissioners (NARUC) President Jim Kerr told Congress last Monday.

Energy efficiency is no longer considered just a “nice thing to do for society” and is now considered “a real resource,” even a “fifth fuel,” National Association of Regulatory Utility Commissioners (NARUC) President Jim Kerr told Congress Monday.

Energy efficiency is no longer the “polite” thing to do but rather is “starting to become a cultural imperative” the COO of Pace Global Energy Services said last week.

Energy efficiency is no longer the “polite” thing to do but rather is “starting to become a cultural imperative,” the COO of Pace Global Energy Services said Tuesday.

Some of the newest U.S. natural gas wells are depleting at a rate of 50% a year, which is “not a terribly surprising thing,” Patterson-UTI Energy Inc. Chairman Mark Siegel said last week. What is a surprise, he said, is the furious expansion in domestic gas drilling — nearly 32,500 wells were drilled in 2006, compared with less than 17,500 just five years ago.

Some of the newest U.S. natural gas wells are depleting at a rate of 50% a year, which is “not a terribly surprising thing,” Patterson-UTI Energy Inc. Chairman Mark Siegel said Tuesday. What is a surprise, he said, is the furious expansion in domestic gas drilling — nearly 32,500 wells were drilled in 2006, compared with less than 17,500 just five years ago.

There is such a thing as too much transparency, the U.S. Justice Department told FERC in comments on the Commission’s consideration of how to use its new responsibility to ensure market transparency under the Energy Policy Act of 2005. Justice advised that dissemination of company-specific or transaction-specific information could harm consumers by allowing companies to coordinate activities and drive prices up [AD06-11].