Thinks

The Province of British Columbia thinks it has a winner and is launching a new installment of its offer for royalty forgiveness in exchange for construction of roads and pipeline infrastructure. The province is putting up to C$120 million in royalty credits on the table to spark the next round of infrastructure development in BC’s petroleum and natural gas sector.

Shale gas so far has not impacted prices and supplies in the Pacific Northwest other than to make more remote the possibility of liquefied natural gas (LNG) imports and to increase the chances of exporting supplies from British Columbia (BC), Northwest Natural Gas Co. gas supply director Randy Friedman told the audience at “LDC Forum: Rockies and the West” conference Wednesday in Los Angeles.

BP plc CEO Tony Hayward told shareholders on Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up, he thinks energy consumption will begin to grow this year.

BP plc CEO Tony Hayward told shareholders on Thursday that in the short term, the global downturn reduced energy demand, but as industrialization picks up, he thinks energy consumption will begin to grow this year.

While volume declines are suppressing bullish talk, Energy Transfer Partners (ETP) thinks the industry may be poised to pull out of the bear market next year, and until then CEO Kelcy L. Warren doesn’t think there is much risk of shut-ins for his midstream business.

While volume declines are suppressing bullish talk, Energy Transfer Partners (ETP) thinks the industry may be poised to pull out of the bear market next year, and until then CEO Kelcy L. Warren doesn’t think there is much risk of shut-ins for his midstream business.

California Gov. Arnold Schwarzenegger praised a U.S. Senate committee Wednesday for proposing an energy bill amendment that he thinks is modeled after his state’s low-carbon fuel standard. Schwarzenegger has been championing the idea of a national low carbon standard for the past two years, seeking political help on Capitol Hill and in various state capitals.

U.S. Rep. Joe Barton (R-TX), chairman of the House Energy and Commerce Committee, thinks that the House’s approach to the siting of liquefied natural gas (LNG) facilities, which gives states a significant role over the permitting and safety of LNG facilities, will ultimately prevail over the approach adopted in pending Senate energy legislation, which reinforces FERC’s claim of exclusive jurisdiction over the siting of LNG import terminals.

U.S. Rep. Joe Barton (R-TX), chairman of the House Energy and Commerce Committee, thinks that the House’s approach to the siting of liquefied natural gas (LNG) facilities, which gives states a significant role over the permitting and safety of LNG facilities, will ultimately prevail over the approach adopted in pending Senate energy legislation, which reinforces FERC’s claim of exclusive jurisdiction over the siting of LNG import terminals.