Type

Anticipating that storage injection nominations will exceed its capability, Southern said it was implementing a systemwide OFO Type 6 for long imbalances effective Saturday. Tiered penalties would apply to excess imbalances.

FERC has blocked Kern River Gas Transmission’s attempt to force shippers within the same class whose contracts are expiring to agree to renew for the same term or face higher rates.

The current debate over the impact of hydraulic fracturing (hydrofracking) on water supplies got stirred up Wednesday by decades-old documents touted by both proponents and critics of the process.

Southern said based on weather forecasts and projected system demand, five delivery groups will become subject to an OFO Type Level 1 Tuesday until further notice. Penalties of $10/Dth will apply to shippers whose allocated deliveries in those groups exceed 105% of their daily entitlement, Southern said. See the bulletin board for details.

Natural gas prices are increasingly uniform across the country and “we are very, very close to having a national type of gas market,” Federal Energy Regulatory (FERC) officials said during a discussion Thursday of the FERC’s Summer 2010 Energy Market and Reliability Assessment.

Natural gas prices are increasingly uniform across the country and “we are very, very close to having a national type of gas market,” Federal Energy Regulatory (FERC) officials said during a discussion Thursday of the FERC’s Summer 2010 Energy Market and Reliability Assessment.

Characterizing the rapid rise in shale gas as a surprise to the entire industry, Sempra Energy’s top executive heading its liquefied natural gas (LNG) operations cautioned that the industry’s current game-changer needs to be viewed from both global and historical perspectives. Darcel Hulse, Sempra LNG CEO, told NGI’s Shale Daily that the whole shale gas story still needs to play out.

Southern said a Type 6 OFO for short imbalances that was implemented Sunday will remain in effect through Wednesday but is unlikely to be extended into Thursday.

Renewed vigor to tap into North America’s shales helped Schlumberger Ltd. to more than double its quarterly earnings, the oilfield services giant said Friday.