Hurricane Sandy appears to have posed a minimal disruption to oil and gas companies operating in the Marcellus Shale.
Tragic
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Criticism, Speculation Grow on PG&E Pipeline Failure
There was more distrust stemming from the Pacific Gas and Electric Co. (PG&E) gas transmission pipeline catastrophe three weeks after the tragic event, and it centered in San Jose, CA, the population and communications center of the peninsula region stretching from the Silicon Valley to the southern end of San Francisco.
Leaking GOM Well Flowing About 1,000 b/d
Last week’s sinking of Transocean Ltd.’s Deepwater Horizon rig following an apparent well blowout went from tragic to worse over the weekend as oil began leaking from the well the rig had been drilling on Mississippi Canyon Block 252 (MC252). Last Friday evening the search for 11 missing crew members was abandoned.
Leaking GOM Well Flowing About 1,000 b/d
Last week’s sinking of Transocean Ltd.’s Deepwater Horizon rig following an apparent well blowout went from tragic to worse over the weekend as oil began leaking from the well the rig had been drilling on Mississippi Canyon Block 252 (MC252). Last Friday evening the search for 11 missing crew members was abandoned.
Investigation Ongoing on Fatal PG&E Residential Pipeline Blast
Pacific Gas and Electric Co. (PG&E) said Wednesday it is cooperating with federal and state investigators a week after a tragic Christmas Eve residential distribution pipeline explosion that killed one person and critically injured two others while destroying a home and badly damaging two others in the Sacramento suburb of Rancho Cordova, CA. Local news media coverage quoted officials as criticizing the San Francisco-based utility for not being forthcoming with all of its records related to the hours leading up to the blast.
Algerian LNG Blast Impacts Plans in the U.S., Industry Proponents Say
Last month’s tragic accident that killed at least 27 people at a liquefaction plant in Skikda, Algeria has had a chilling effect on the numerous plans for importing large quantities of liquefied natural gas (LNG) into the United States, according to speakers at a West Coast industry conference.
FERC to Give ‘Highest Priority’ to Assuring Energy Security
In light of the “tragic events” of last week and the “high state of alert the country is now experiencing,” the Federal Energy Regulatory Commission on Friday assured regulated energy companies that it will give the “highest priority” to applications that are filed to recover the costs associated with upgrading the security of their systems.
Tragic Week Ends With Flat to Mildly Lower Prices
A highly stressful trading week came to a close Friday with most of the market in a general holding pattern. Flat to barely higher or lower numbers prevailed at a majority of points; declines of about a nickel or more were concentrated in the Rockies and California.
FERC to Give ‘Highest Priority’ to Assuring Energy Security
In light of the “tragic events” of this week and the “high state of alert the country is now experiencing,” the Federal Energy Regulatory Commission today assured regulated energy companies that it will give the “highest priority” to applications that are filed to recover the costs associated with upgrading the security of their systems.