Major and independent producers are on track to spend a record amount of money this year lobbying Congress in their quest to block unfavorable legislation and to open up more offshore and onshore lands to oil and natural gas exploration and production.
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After High Court Setback, BP Eyes Other ‘Options’ for LNG Terminal
In light of an unfavorable decision from the Supreme Court Monday, a spokesman for BP Crown Landing LLC said the company is exploring a “variety of options” to site its proposed liquefied natural gas (LNG) terminal along the Delaware River.
Canadian Drilling Slump Expected to Worsen Before it Gets Better
Field contractors are braced for a long and deep slump in Canadian natural gas drilling, blaming a perfect storm of glutted markets, unfavorable currency exchange rates and Alberta’s overhaul of government royalties.
Canadian Drilling Slump Expected to Worsen Before it Gets Better
Field contractors are braced for a long and deep slump in Canadian natural gas drilling, blaming a perfect storm of glutted markets, unfavorable currency exchange rates and Alberta’s overhaul of government royalties.
Oregon LNG Project Gets Hit by Local Planning Staff
NorthernStar Energy LLC received an unfavorable review this week from the Clatsop County (OR) Planning Commission staff’s updated report, which follows an earlier recommendation for denial of zoning changes for the proposed Bradford Landing liquefied natural gas (LNG) receiving terminal along the Columbia River in Oregon. NorthernStar, however, said it was unconcerned.
MA Agency Suspends Review of Weaver’s Cove LNG Project
The Massachusetts Department of Environmental Protection (DEP) has suspended review of the proposed Weaver’s Cove liquefied natural gas (LNG) terminal following an unfavorable decision by the U.S. Coast Guard last month that the agency says “casts serious doubt as to the feasibility of the project.”
MA Agency Suspends Review of Weaver’s Cove LNG Project
The Massachusetts Department of Environmental Protection (DEP) has suspended review of the proposed Weaver’s Cove liquefied natural gas (LNG) terminal following an unfavorable decision by the U.S. Coast Guard last month that the agency says “casts serious doubt as to the feasibility of the project.”
Transportation Notes
Transco said unfavorable weather had delayed the progress of repairs to a section of pipe in Eugene Island Block 135 on its Southeast Louisiana Lateral that was damaged during Hurricanes Katrina and Rita. Transco now anticipates completion of the work on Feb. 15; it had previously expected to finish Jan. 31 (see Daily GPI, Jan. 16).
NGI The Weekly Gas Market Report
NU Marketing Losses Escalate; Plans Divestiture of Generation, Retail Marketing
Northeast Utilities (NU) reported a third quarter 2005 loss of $94.5 million, or $0.73 per share, compared with a loss of $7.9 million, or $0.06 per share, in the third quarter of 2004 with much of the loss attributed to unfavorable mark to market results in its competitive energy wholesale marketing and services businesses which it plans to divest. The company also announced it was working on other divestitures of unregulated business units.
Massachusetts’ Mayors Say NOAA Report Underscores Fire, Radiation Threat of LNG
A yet-to-be-published federal report that is unfavorable to liquefied natural gas (LNG) is causing quite a stir in Massachusetts, prompting Boston Mayor Thomas M. Menino to renew his call for a ban on LNG tanker traffic in Boston Harbor, and the mayor of Fall River, MA, to claim the report adds fuel to his campaign to block a proposed LNG facility from being sited in his city.