The Dene First Nation on Wednesday threatened to withhold its support for the Mackenzie Gas Project (MGP) unless the Canadian government moves to protect a huge swath of land in the Northwest Territories. The aboriginal group lays claim to land that covers about 40% of the proposed pipe route.
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Abraham: U.S. Energy Supply Dilemma Needs Addressing
With tight U.S. energy markets keeping prices at historically high levels, “several storm clouds are on the horizon” for the industry unless the supply burden is eased, according to former U.S. Secretary of Energy Spencer Abraham. He noted that another spike in energy prices could bring a backlash from the general public, which in turn could spark U.S. government intervention.
Abraham: U.S. Energy Supply Dilemma Needs Addressing
With tight U.S. energy markets keeping prices at historically high levels, “several storm clouds are on the horizon” for the industry unless the supply burden is eased, according to former U.S. Secretary of Energy Spencer Abraham. He noted that another spike in energy prices could bring a backlash from the general public, which in turn could spark U.S. government intervention.
Consultant: Gas-to-Resid Ratio Could Set a $6 Gas Market Floor
The push and pull of high gas storage levels and competing fuel prices on natural gas prices probably means a $6/MMBtu floor for the market unless the spring and summer are exceptionally mild, according to consultant Stephen Smith of Stephen Smith & Associates. Smith said even given the current major gas storage surplus, gas prices are pretty low compared to competing fuels and unlikely to venture much lower.
Columbia Gulf Blasts Tennessee Gas for Anticompetitive Behavior
Tennessee Gas Pipeline is forcing producers upstream of its system to pay extra transportation charges unless they utilize its share of the South Pass 77 pipeline, a 500 MMcf/d system jointly owned with Columbia Gulf but operated by Tennessee, Columbia Gulf said.
Columbia Gulf Blasts Tennessee Gas for Anticompetitive Behavior
Tennessee Gas Pipeline is forcing producers upstream of its system to pay extra transportation charges unless they utilize its share of the South Pass 77 pipeline, a 500 MMcf/d system jointly owned with Columbia Gulf but operated by Tennessee, Columbia Gulf said.
CA Summer Power Outlook OK — Unless…, Energy Commission Says
Bulk electricity supplies should be adequate to meet peak-demand this summer in California, but the situation is fraught with “what ifs” that caused the California Energy Commission (CEC) Friday to recommend “close monitoring and prudent use of electricity resources” in its updated supply/demand outlook.
Consultant: Prices Poised to Fall Below $4 Unless Severe Cold Arrives
Only a much colder than normal winter would stop gas prices from falling below $4 in the next few months, according to consultant Stephen Smith, who sees a significant supply surplus built into the market because of lasting demand destruction and new supply from non-traditional resources.
Williams May Cut More Trading Jobs Unless Partner Found
Without a business partner for its faltering energy marketing and trading unit, Tulsa-based Williams Cos. may be forced to cut more jobs, according to Bill Hobbs, CEO of energy trading for the company. He told the Tulsa World in an interview this week that the cuts would impact jobs on the trading floor. Williams cut about 16% of its 800-member trading workforce last month in London and the United States, affecting about 130 employees (see Daily GPI, June 24).
Williams May Cut More Trading Jobs Unless Partner Found
Without a business partner for its faltering energy marketing and trading unit, Tulsa-based Williams Cos. may be forced to cut more jobs, according to Bill Hobbs, CEO of energy trading for the company. He told the Tulsa World in an interview this week that the cuts would impact jobs on the trading floor. Williams cut about 16% of its 800-member trading workforce last month in London and the United States, affecting about 130 employees (see Daily GPI, June 24).