Unless there is a “major breakthrough in the Lower 48” in the next five years, Houston-based Apache Corp.’s COO sees its energy future outside of the United States, most likely in Canada, Egypt and Australia. F. Steven Farris also told Banc of America Securities Conference attendees that Apache plans to soon sell $250 million in assets, mostly related to a recent Canadian acquisition.
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Apache Says Canada Is Its North American Focus
Unless there is a “major breakthrough in the Lower 48” in the next five years, Houston-based Apache Corp.’s COO sees its energy future outside of the United States, most likely in Canada, Egypt and Australia. F. Steven Farris also told Banc of America Securities Conference attendees that Apache plans to soon sell $250 million in assets, mostly related to a recent Canadian acquisition.
Study Warns Of Volatile Northeast Power Prices
Unless independent system operators in the Northeast are able to correct design flaws and lower market barriers, there is a very large risk that high and volatile wholesale electric prices will occur in that part of the country over the next two summers, especially if this summer turns out to be unusually hot, according to a recent report issued by Xenergy Inc.
Study Warns Of Volatile Northeast Power Prices
Unless independent system operators in the Northeast are able to correct design flaws and lower market barriers, there is a very large risk that high and volatile wholesale electric prices will occur in that part of the country over the next two summers, especially if this summer turns out to be unusually hot, according to a recent report issued by Xenergy Inc.
High Prices Hurt Texas, Nation’s Economy
Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.
High Prices Hurt Texas, Nation’s Economy
Importing natural gas into Texas? Could the possibility evenexist? Unless the state’s oil patch has a revival in the nextcouple of years, a new study predicts that Texas soon will beconsuming more gas than it produces, pumping up the possibility oftransporting gas into the state that has long boasted its status asthe energy capital of the country.
Merchant Power Dependent on Perception Shift
The future of merchant power will be inhibited unless there arenew approaches and new perceptions about the technical, economicand political approaches applied, according to a panel of expertsat GasMart/Power 2000 Tuesday in Denver. Regardless of what preciseindustry changes are made, not all of the proposed new power plantswill get built, and distributed generation ultimately will have toplay a role to satisfy the expected growing demand that equates toabout 5 Tcf of added gas over the next 10 years, according topanelists discussing “The Runaway World of Merchant Power.”
Y2K: Y Should U Kare?
You shouldn’t unless you were one of the thousands of workerswho spent millions of person-hours over the last few years sweatingthe millennium bug out of your company’s systems. If that was you,congratulations; you’ve made this last new year slightly morememorable than Hands Across America Day. Now it’s time for anyfood-hoarding doomsayers to get busy: You’ve got a lot ofstockpiled chips and salsa to get rid of.
Y2K: Y Should U Kare?
You shouldn’t unless you were one of the thousands of workerswho spent millions of person-hours over the last few years sweatingthe millennium bug out of your company’s systems. If that was you,congratulations; you’ve made this last new year slightly morememorable than Hands Across America Day. Now it’s time for anyfood-hoarding doomsayers to get busy: You’ve got a lot ofstockpiled chips and salsa to get rid of.
Maine Winter Deliveries Endangered
Unless an extra contractor is hired, the joint Maritimes &Northeast (M&NE) and Portland Natural Gas Transmission (PNGTS)pipeline will not be able to start service to Maine this winter asplanned.