Upcoming

Southern Natural Gas said that based on forecasted supply and “historically low demand for the upcoming holiday weekend,” it will implement an OFO Type 6 for long imbalances Friday. Tiered penalties of $1-15/Dth will apply to positive daily imbalances exceeding 2% or 200 Dth, whichever is greater.

In preparation for the upcoming winter season, NiSource Gas Transmission & Storage (NGT&S) unit Columbia Gulf Transmission is holding an open season for capacity to deliver gas to Texas Eastern Transmission LP in St. Landry Parish, LA, the pipeline said. NGT&S is considering modifying or constructing new assets to facilitate the delivery of up to 176,000 Dth/d to Texas Eastern, with an anticipated in-service date of Nov. 1. Columbia Gulf is soliciting binding offers for firm contracts sourced from receipt points on the Columbia Gulf mainline near Delhi, LA, and delivered to the Texas Eastern St. Landry interconnect. A bid package is at www.ngtsnavigates.com. Bids are due by noon CDT Sept. 9. For information contact Joshua Gibbon at (713) 267-4718 or at jgibbon@nisource.com.

IntercontinentalExchange (ICE), a major energy trading platform, Thursday said it welcomed the opportunity to participate in the Commodity Futures Trading Commission’s (CFTC) upcoming hearings on position limits in energy trading markets, noting it has been an area of concern for some time. Independent oil and natural gas producers, however, were less receptive, warning that dramatic changes by the CFTC affecting their hedging activities could cripple development.

Atlantic basin tropical storm activity and U.S. landfall of tropical storms during the upcoming hurricane season are forecast to be about 35% above the 1950-2008 norm, according to London-based forecaster Tropical Storm Risk (TSR). TSR called for 4.8 named storms making U.S. landfall, including 2.1 hurricanes.

Atlantic basin tropical storm activity and U.S. landfall of tropical storms during the upcoming hurricane season are forecast to be about 35% above the 1950-2008 norm, according to London-based forecaster Tropical Storm Risk (TSR). TSR called for 4.8 named storms making U.S. landfall, including 2.1 hurricanes.

Fewer named storms will be created during the upcoming Atlantic hurricane season and there will probably be less activity in the Gulf of Mexico than last year, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.

Fewer named storms will be created during the upcoming Atlantic hurricane season and there will probably be less activity in the Gulf of Mexico than last year, according to AccuWeather.com Chief Long Range Forecaster Joe Bastardi.

Sen. Jeff Bingaman (D-NM), chairman of the Senate Energy and Natural Resources Committee, said expanding the Energy Information Administration (EIA) will be one of the key priorities of the upcoming Congress.

Sen. Jeff Bingaman (D-NM), chairman of the Senate Energy and Natural Resources Committee, says expanding the Energy Information Administration (EIA) will be one of the key priorities of the upcoming Congress.