La Nina conditions — an unusual cooling of ocean surface temperatures off the western coast of South America that is believed to have significant effects on North American weather patterns — continue to develop across the equatorial Pacific, according to the National Oceanic and Atmospheric Association (NOAA).
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Bitter Cold Challenges Pipelines; Transco Sets Record
As a shivering North America closed out a week of brutal cold up North and unusual cold down South — with more to come over the weekend — reports of new peak day delivery records for natural gas pipelines were starting to trickle in.
Colorado Storage Project Bites Dust, Cites Tight Capital/Credit Market
In an unusual move, Blue Sky Gas Storage LLC has declined a certificate from the Federal Energy Regulatory Commission to construct and operate a natural gas storage field and related pipelines in Colorado, citing limited access to capital and credit to pursue the project.
Colorado Storage Project Bites the Dust, Cites Tight Capital/Credit Market
In an unusual move, Blue Sky Gas Storage LLC has declined a certificate from the Federal Energy Regulatory Commission to construct and operate a natural gas storage field and related pipelines in Colorado, citing limited access to capital and credit to pursue the project.
Appeals Court Vacates Own Order that Denied Alaska Drilling
In an unusual turn of events, the federal appeals court that last year stopped Shell Oil Co. subsidiary Shell Offshore Inc. (SOI) from drilling offshore Alaska has vacated and withdrawn its decision.
Appeals Court Vacates Own Order that Denied Alaska Drilling
In an unusual turn of events, the federal appeals court that last year stopped Shell Oil Co. subsidiary Shell Offshore Inc. (SOI) from drilling offshore Alaska has vacated and withdrawn its decision.
Potential ‘Gas OPEC’ Members Control 60% of 2P Reserves, Says Study
Ben Hollins, head of European gas and power consulting for Wood Mackenzie, said it is not unusual for the Gas Exporting Countries Forum (GECF) to form a committee to look at pricing. “As such, a study of pricing is not in itself inconsistent with the stated remit of the GECF. Nonetheless it begs the question to what extent a gas OPEC (Organization of the Petroleum Exporting Countries) might be able to influence the future global gas market and its prices — a question which is addressed in our report.”
Potential ‘Gas OPEC’ Members Control 60% of 2P Reserves, Says Study
Ben Hollins, head of European gas and power consulting for Wood Mackenzie, said it is not unusual for the Gas Exporting Countries Forum (GECF) to form a committee to look at pricing. “As such, a study of pricing is not in itself inconsistent with the stated remit of the GECF. Nonetheless it begs the question to what extent a gas OPEC might be able to influence the future global gas market and its prices — a question which is addressed in our report.”
Analysts Predict Storage Drawdown; ’07 Price Forecast Cut
Now that much of the country has finally seen weather that can be called winter-like, Raymond James & Associates Inc. analysts are predicting that the current year-over-year gas storage surplus of 354 Bcf will be completely wiped out over the next three weeks and storage will stand at about 1,500 Bcf by winter’s end. Further, they predicted that gas prices have seen their lows for the year.
CA Braces for Cold Weekend, Unusual Statewide Cold Snap
After beginning the week with unusual summer-like temperatures in most of the state, California late last week entered what was expected to be a severe weekend cold snap, with overnight temperatures in downtown Los Angeles and the inland areas heading close to freezing. In anticipation of the first real winter-like weather, Gov. Arnold Schwarzenegger Wednesday directed state government to open citizen warming centers throughout the state.