Global offshore energy spending will rise by almost one-third between now and 2013 versus 2004-2008, despite cuts in capital spending budgets, according to an analysis by Douglas-Westwood.
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Colorado Gov. Ritter Signs Laws Affecting Drilling
Two major bills setting out new frameworks for determining environmental versus drilling and land rights, signed into law by Colorado Gov. Bill Ritter Tuesday could have a significant effect on the future development of the state’s oil and gas resources.
Colorado Gov. Ritter Signs Laws Affecting Drilling
Two major bills setting out new frameworks for determining environmental versus drilling and land rights, signed into law by Colorado Gov. Bill Ritter Tuesday, could have a significant effect on the future development of the state’s oil and gas resources.
Federal-Provincial Authority Issue Clouds Mackenzie Project
Canada’s beleaguered Arctic natural gas development plan has ignited a classic constitutional law debate on federal versus provincial jurisdiction over pipelines — and pleas by project sponsors and supporters to create a special, separate dueling arena for the lawyers.
Analyst Sees Some Near-Term Market Weakness, But Not Much
Although there’s a substantial gas storage surplus (458 Bcf versus 10-year norms) and the North American natural gas production decline of the last few years has ended, Henry Hub gas prices are unlikely to fall very far this year and should average about $6.50, analyst Stephen Smith said in his Monthly Energy Outlook for April.
House Energy Panel Tackles Federal-State Issues During Mark-Up
Federal versus states rights took center stage during the second day of mark-up of comprehensive energy legislation before the House Energy and Commerce Committee Tuesday.
Tractebel Increases LNG Deliveries 65% in First Half 2003
Tractebel LNG North America’s deliveries of LNG to all U.S. terminals have risen 65% for the first half of 2003, versus the first half of 2002. A total of 40 cargoes carrying about 95.3 Bcf were delivered in the first six months to terminals at Everett, MA, Lake Charles, LA, Elba Island, GA and Penuelas, Puerto Rico, compared to 26 cargoes in 2002.
Bearish Technicals Versus Bullish Fundamentals: Call it a Tie
In what could be the most bullish 2-cent decline in recent memory, natural gas futures rebounded from early lows Wednesday as buyers continued to bet heavily on storage and weather holding the market up. After failing to extend down to a key downside objective at $6.70, the April contract rallied in the afternoon in light, pre-storage report short-covering. It closed at $7.021, down 2 cents on the day, but more than 27 cents above its morning low of $6.75.
CPUC Split on Market Versus Regulatory Solutions in Gas Storage Cases
On the surface, a straightforward purchase of California’s second merchant underground natural gas storage facility is taking on major policy implications. It could provide a view this week of just how hard-and-fast the split is between pro-market and pro-enforcement regulators at the state regulatory commission.
CPUC Split on Market Versus Regulatory Solutions in Gas Storage Cases
On the surface, a straightforward purchase of California’s second merchant underground natural gas storage facility is taking on major policy implications. It could provide a view next week of just how hard-and-fast the split is between pro-market and pro-enforcement regulators at the state regulatory commission.