Shale plays have triggered a “massive upward shift” in U.S. natural gas production and are driving unprecedented growth, with output from publicly traded exploration and production (E&P) companies in 2Q2008 up 6.7% year-over-year (y/y), according to data compiled by energy analysts.
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CAISO Credits Lower Gas Prices for Decreased Grid Costs
Even with an unprecedented heat storm and resource-consuming revisions to its long-awaited market redesign, the California Independent System Operator (CAISO) lowered its operating costs substantially for a fifth consecutive year in 2006, according to the grid operator’s annual report. Moderating natural gas prices were cited as one of the drivers.
LNG, Pipe Building Surge Comes with Rising Costs, But Returns Stay Up
Rising costs are accompanying an unprecedented building surge in liquefied natural gas (LNG) and pipeline/storage projects in North America, leaving companies like Sempra Energy that are far along in project development sitting in strong bargaining positions, a panel of industry CEOs and CFOs emphasized last week at the Citi Power, Gas and Utilities Conference in Charleston, SC. Even with ever-higher costs, the panelists think lucrative returns will continue for all three gas sectors — LNG, pipelines and storage.
LNG, Pipe Building Surge Comes with Rising Costs
Rising costs are accompanying an unprecedented building surge in liquefied natural gas (LNG) and pipeline/storage projects in North America, leaving companies like Sempra Energy that are far along in project development sitting in strong bargaining positions, a panel of industry CEOs and CFOs emphasized Thursday at the Citi Power, Gas and Utilities Conference in Charleston, SC. Even with ever-higher costs, the panelists think lucrative returns will continue for all three gas sectors — LNG, pipelines and storage.
Sempra CA Utilities File $462 Million, 6-Year Rate Case
Seeking an unprecedented time frame of six years to lock in its general retail gas and electric utility charges, including profit levels, Sempra Energy’s two California utilities Friday filed joint general rate case proposals to the California Public Utilities Commission (CPUC), seeking increases of $251.9 million for San Diego Gas and Electric Co. and $211.million for Southern California Gas Co. operations, representing increases of 4% to 7%.
Fastow Asks Court to Go Easy on Him
Former Enron Corp. CFO Andrew Fastow has been the object of “unprecedented public humiliation” on television, in Congressional hearings, in books, magazines, the Internet and in “written and verbal insults and threats,” and he is requesting leniency when he is sentenced to federal prison next week.
Senate Energy Chairman Sees ‘Painfully High’ Gas Prices, Uncertain Supply This Winter
In the aftermath of Hurricanes Katrina and Rita, the chief energy policymaker in the Senate warned the nation Thursday to expect a potential natural gas shortage and unprecedented high prices during the upcoming winter heating season. Top industry executives, reeling from the effects of the twin hurricanes, shared those concerns.
Study Sees ‘Unprecedented’ Growth in Renewable Energy Capacity over Next 15 Years
A new study released last Tuesday sees “unprecedented opportunities” for the development of 52,000 MW of new capacity over the next 15 years to meet the demand for renewable energy, which could potentially steal market share from natural gas.
Study Sees ‘Unprecedented’ Growth in Renewable Energy Capacity over Next 15 Years
A new study released Tuesday sees “unprecedented opportunities” for the development of 52,000 MW of new capacity over the next 15 years to meet the demand for renewable energy, which could potentially steal market share from natural gas.
CERA Says High Gas Use Has Created Huge Risks for Power Industry
The power industry’s increased reliance on natural gas, coupled with the uncertainty on the timing and size of liquefied natural gas (LNG) supply additions, has created an “unprecedented” set of risky alternatives for utilities and regulators, according to a scenario analysis unveiled by Cambridge Energy Research Associates (CERA) Thursday at CERAWeek 2005.