The Calvert County, MD, Department of Economic Development touted the results of a new study Tuesday showing substantial economic benefits to the local and state economy from a planned expansion of Dominion’s Cove Point LNG terminal.
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Canadian Provinces Say They’re Ready to Facilitate Alaska Gas Pipeline
Top officials from Alberta and British Columbia last Thursday touted the strategic positioning and infrastructure of their provinces in facilitating the movement of natural gas through the proposed Alaska pipeline, which, if constructed, will deliver gas to the Lower 48.
Canadian Provinces Say They’re Ready to Facilitate Alaska Gas Pipeline
Top officials from Alberta and British Columbia on Thursday touted the strategic positioning and infrastructure of their provinces in facilitating the movement of natural gas through the proposed Alaska pipeline, which, if constructed, will deliver gas to the Lower 48.
Three Offshore Discoveries Touted by Remington
Dallas-based independent Remington Oil and Gas Corp.’s exploratory drilling program is paying off, with the announcement Tuesday of three new Gulf of Mexico (GOM) offshore discoveries — including a substantial natural gas find.
Kinder Morgan Beats 2002 Consensus, But 4Q Earnings Slip 15%
Kinder Morgan Inc. (KMI) last week touted its business model and record 2002 earnings, which beat consensus Wall Street estimates. However, the company reported a 15% drop (10 cents/share) in fourth quarter net income due to special charges primarily related to a reduction in the carrying value of its power generation assets. Full-year 2002 KMI net income was up 35% to $302.7 million or $2.45/share.
Kinder Morgan Beats 2002 Consensus, But 4Q Earnings Slip 15%
Kinder Morgan Inc. (KMI) Wednesday touted its business model and record 2002 earnings, which beat consensus Wall Street estimates. However, the company reported a 15% drop (10 cents/share) in fourth quarter net income due to special charges primarily related to a reduction in the carrying value of its power generation assets. Full-year 2002 KMI net income was up 35% to $302.7 million or $2.45/share.
Calpine Profits from CA Turmoil in Electricity Markets
San Jose, CA-based Calpine Corp. last week unabashedly touted its successes in the past 15 months of turmoil in California’s energy markets, noting it is a litmus test for the soundness of its corporate strategy nationally. Senior officials with the merchant power plant developer/operator also declared that the state in which it sees “tremendous opportunity” is no longer in a crisis mode.
Salt Removal Stalls NE Storage
Once touted as a quick fix for peak demand in the Northeast,salt cavern storage has stumbled over the problem of what do withthe salt that is removed to make the cavern, which appears to beabout as popular as nuclear waste. At this point one project hasbeen delayed and two others appear to have stalled.
Salt Removal Stalls NE Storage
Once touted as a quick fix for peak demand in the Northeast,salt cavern storage has stumbled over the problem of what do withthe salt that is removed to make the cavern, which appears to beabout as popular as nuclear waste. At this point one project hasbeen delayed and two others appear to have stalled.
Producers Like Largent-Markey Electric Bill, Hate Mandate
Although the much-touted electricity restructuring billintroduced by Reps. Steve Largent (R-OK) and Edward Markey (D-MA)would slash the renewable portfolio mandate proposed by the Clintonadministration by more than half, natural gas producers stillaren’t quite satisfied.