Undeterred by the three-day holiday weekend break but bolstered by news that government production figures could be revised significantly downward, natural gas futures bulls on Monday managed to hold on to last Thursday’s momentum as the May contract gained another 19.1 cents to close the regular session at $4.277.
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Natural Gas Futures Rally Continues a Second Day
Undeterred by the three-day holiday weekend break but bolstered by news that government production figures could be revised significantly downward, natural gas futures bulls on Monday managed to hold on to last Thursday’s momentum as the May contract gained another 19.1 cents to close the regular session at $4.277.
Futures Ignoring Storm Threats to Gulf Production
Undeterred by the potential threat of two powerful storm systems entering the Gulf of Mexico (GOM) over the weekend, natural gas futures traders on Friday hammered the December futures contract lower for much of the regular trading session. The prompt-month contract reached a low of $4.555 on the day before closing at $4.595, down 18.7 cents from Thursday’s close and 45 cents below the previous week’s finish.
Shell Raises Spending, Dividend Plans Despite Quarterly Losses
Undeterred by lower commodity prices that slammed quarterly profits, Royal Dutch Shell sounded positively bullish last week, announcing that it plans to raise dividends and increase capital spending this year.
Shell Raises Spending, Dividend Plans Despite Quarterly Losses
Undeterred by lower commodity prices that slammed quarterly profits, Royal Dutch Shell sounded positively bullish Thursday, announcing that it plans to raise dividends and increase capital spending this year.
Western LNG Backers Remain Bullish on Import Prospects
Undeterred by the stagnated global liquefaction development and liquefied natural gas (LNG) cargoes to the United States drying up, several western LNG project proponents stayed bullish in May about the long-term prospects for North America becoming a major LNG importer. Sempra Energy’s COO repeated this theme at an energy financial conference, and two major LNG proponents in Oregon told NGI they are not worried despite the recent negative indicators.
TransCanada Teams Up with Petro-Canada on Quebec LNG Project
Undeterred after failing on two prior attempts to site liquefied natural gas (LNG) import terminals, TransCanada Corp. said it has teamed up with Petro-Canada to develop an LNG facility, named Cacouna Energy, in Gros Cacouna, PQ, about nine miles northeast of Riviere-du-Loup. The proposed terminal would have average sendout capacity of 500 MMcf/d.
TransCanada Teams Up with Petro-Canada on Quebec LNG Project
Undeterred after two prior attempts to site liquefied natural gas (LNG) import terminals failed because of local opposition, TransCanada Corp. said it has teamed up with Petro-Canada to develop an LNG facility, named Cacouna Energy, in Gros Cacouna, PQ, about nine miles northeast of Riviere-du-Loup. The proposed terminal would have average sendout capacity of 500 MMcf/d.
Sempra Sees Market for Its Fiber/Gas Pipeline Technology
Undeterred by the combination of telecommunications and energy industry financial meltdowns this year, an affiliate of San Diego-based Sempra Energy still expects a slow but steady growth in its seven-patent-ending “fiber links” technology for threading fiber optic cable through natural gas distribution pipeline mains and service lines in dense urban commercial and suburban residential areas.
Sempra Energy Sees Market for Its Fiber/Gas Pipeline Technology
Undeterred by the combination of telecommunications and energy industry financial meltdowns this year, an affiliate of San Diego-based Sempra Energy still expects a slow but steady growth in its seven-patent-ending “fiber links” technology for threading fiber optic cable through natural gas distribution pipeline mains and service lines in dense urban commercial and suburban residential areas. The president and several other senior executives with Sempra Fiber Links were in Portland, OR, Monday at a national meeting of state regulators, pitching their system as being a fast, safe, less costly and environmentally more benign means of bringing fiber optics to commercial and residential areas that are among more than 90% of the nation that is still dependent on copper phone wires.