The global financial crisis is affecting FERC-related projects and programs, but how deeply it may impact the sector in 2009 is still unknown, said Commissioner Philip Moeller last week. He added that the impact on renewables is already pronounced.
Unknown
Articles from Unknown
House Vote on Rescue Plan Will be Cliffhanger
Passage of the revised $700 billion rescue plan for financial markets in the House remains the big unknown. House Majority Leader Steny Hoy (D-MD) said he will not call up the package Friday unless he is assured of passage, CQ Today reported.
Lower Gas Prices Boost Gas-Fired Generators, Petrochemicals
Declining U.S. natural gas prices have a champion in the petrochemical and fertilizer industries, and if prices remain low — an unknown as Hurricane Gustav bears down — U.S. industrial production (IP) dependent on gas could increase within some sectors, and provide a boost to gas-fired generators, according to energy analysts.
Industry Brief
An early morning fire Wednesday closed Williams Partners LP’s Ignacio gas processing plant, located near Durango CO. The cause of the fire is unknown and is under investigation. Williams said the fire began in a cooling tower, damaging it and a few adjacent buildings before being extinguished. No injuries were reported. The Ignacio plant is part of Williams Four Corners LLC, which is owned by Williams Partners. Approximately 100 MMcfe/d of the plant’s normal 450 MMcfe/d production capacity has been rerouted to other facilities in the San Juan Basin. In addition to the Ignacio plant, the Four Corners gathering system is connected to the Kutz and Lybrook natural gas processing plants and the Milagro and Esperanza natural gas treating plants in northwestern New Mexico. The Four Corners system’s normal volumes are in excess of 1.5 Bcfe/d. Contacted Thursday afternoon, the company said it has not yet estimated how long it will take to repair and reopen the plant.
Chevron’s Deepwater Tahiti Project Delayed
The $3.5 billion Tahiti project in the deepwater Gulf of Mexico, which was scheduled to ramp-up in mid-2008, will be delayed for an unknown period because of metallurgical problems discovered in the facility’s mooring shackles, Chevron Corp. said Thursday. Tahiti’s peak production is expected to be 125,000 b/d of oil and 70 MMcf/d of natural gas.
Chevron’s Deepwater Tahiti Project Delayed
The $3.5 billion Tahiti project in the deepwater Gulf of Mexico, which was scheduled to ramp-up in mid-2008, will be delayed for an unknown period because of metallurgical problems discovered in the facility’s mooring shackles, Chevron Corp. said Thursday. Tahiti’s peak production is expected to be 125,000 b/d of oil and 70 MMcf/d of natural gas.
Analyst: Amaranth’s Market Strategy of ‘Overwhelming Force’ Failed
Allowing that much is still unknown surrounding the $6 billion downfall of hedge fund Amaranth Advisors LLC, veteran energy analyst John Olson of Poole Capital Partners LLC said it appears the fund tried to dominate the market by taking enormous position sizes. In Washington, DC, calls for regulation of over-the-counter trading continued.
NGI The Weekly Gas Market Report
FERC’s Treatment of Partnership Tax Liability Cited as ‘Significant’ Decision of 2005
What 2006 will bring at FERC is a big unknown. But the year 2005 saw a smooth changing of the guard at FERC as Chairman Joseph Kelliher took over the reins from Pat Wood in mid-year, and was marked by key policy changes and clarifications on the natural gas side, along with agency approval of several key liquefied natural gas (LNG), pipeline and storage projects.
NGI The Weekly Gas Market Report
Calpine Continues Legal Skirmishes Amid Bankruptcy Expectations
Financially battered Calpine Corp. ended the week squarely facing a date with destiny, but how soon the day would come was still unknown.
Hydrogen Still ‘Fuel of Future,’ But When and How Unknown
There are as many scenarios as there are proponents for hydrogen’s future dominance as a clean transportation and domestic energy source, and its long-term future is assured if the current political, environmental and regulatory backing it enjoys stays committed as it appeared to be during the National Hydrogen Association’s 15th annual conference in Los Angeles April 26-29. If there are skeptics, they are in the minority, and in the academic arena.