Track

Canadian natural gas exporters are firmly on track — downhill — toward a second straight year of decline in annual sales, according to trade records kept by the National Energy Board (NEB).

Exploration and production (E&P) spending in the United States is still on track to jump by double digits from a year ago, tempered by less spending in the Gulf of Mexico (GOM) in the last half of the year because of the deepwater drilling moratorium, two energy analysts said separately last week.

Exploration and production (E&P) spending in the United States is still on track to jump by double digits from a year ago, tempered by less spending in the Gulf of Mexico (GOM) in the last half of the year, said Barclays Capital Wednesday.

Houston-based ConocoPhillips last week said it remains on track to have around $5 billion worth of assets sold by the end of this year and another $5 billion in 2011 as part of a plan to not only reduce debt but to enhance shareholder returns.

Houston-based ConocoPhillips on Wednesday said it remains on track to have around $5 billion worth of assets sold by the end of this year and another $5 billion in 2011 as part of a plan to not only reduce debt but to enhance shareholder returns.

Houston-based ConocoPhillips on Wednesday said it remains on track to have around $5 billion worth of assets sold by the end of this year and another $5 billion in 2011 as part of a plan to not only reduce debt but to enhance shareholder returns.

Calgary-based Canadian Superior Energy Inc. said it is on track to file by the third quarter of 2010 applications for federal and state permits for the Liberty Natural Gas Transmission Project, which would include a liquefied natural gas (LNG) offshore receipt turret and associated pipeline. The turret would be located in federal waters offshore New Jersey (see NGI, May 26, 2008). Oversight of Liberty would be conducted by Excalibur Energy (USA) Inc., which is a joint venture of Canadian Superior and Global LNG Inc. “The company believes market conditions for importing LNG into the New York metropolitan area remain favorable and the Liberty LNG project’s choice of environmentally favorable technology continues to receive strong local support. The Liberty LNG project anticipates first gas imports into the region by year-end 2013,” the company said.

Calgary-based Canadian Superior Energy Inc. said Monday it is on track to file by the third quarter of 2010 applications for federal and state permits for the Liberty Natural Gas Transmission Project, which would include a liquefied natural gas (LNG) offshore receipt turret and associated pipeline.

The power generation industry is lacing up its track shoes for “dash to gas” part two, according to analysts at Black & Veatch. Only this time around plant operators aren’t likely to wind up hurdling gas price spikes like they did following the gas-fired buildout that took place around the turn of the decade.