The Williams Cos. warned Tuesday in its annual report with the Securities and Exchange Commission (SEC) that limited access to capital due to its non-investment-grade credit status and insufficient cash flow from operations to pay debt obligations make it imperative that the company sell its previously announced $2.25 billion in additional assets this year.
Warned
Articles from Warned
CERI Report Supports NEB Conclusion: Canadian Supply Is in Decline
Natural gas markets across North America last week were warned for the second time this heating season against taking for granted any further growth in Canadian gas supplies, for most of this decade. The Canadian Energy Research Institute (CERI) said its latest industry survey will confirm a report by the National Energy Board (NEB) in December that gas field productivity has peaked and stands poised to drop in western Canada (see NGI, Jan. 13; Jan. 20).
March 10, 2003
CERI Report Supports NEB Conclusion: Canadian Supply Is in Decline
Natural gas markets across North America this week were warned for the second time this heating season against taking for granted any further growth in Canadian gas supplies, at least for most of this decade. The Canadian Energy Research Institute (CERI) said its latest industry survey will confirm a report by the National Energy Board in December that gas field productivity has peaked and stands poised to drop in western Canada (see Daily GPI, Jan. 13; Jan. 21).
March 10, 2003
Transportation Notes
As it had warned might be necessary (see Daily GPI, Feb. 26), Transco said a systemwide Imbalance OFO will take effect with the start of Thursday’s gas day. Limits on imbalance delivery make-up nominations and pooling point tolerances remain in effect until further notice. The OFO limits negative daily imbalances to 5%. Positive imbalances are not subject to OFO provisions.
February 27, 2003
EOG Sees Gas ‘North of $5’ This Summer as Supply Drops
EOG Resources Inc. CEO Mark Papa warned last Tuesday that North American natural gas prices may well be “north of $5” this summer because supply is falling faster than the growing demand. Currently prices at the Henry Hub are hovering around $6 with prices in the Northeast at more than $7. Papa reiterated that internal company numbers indicate that North America is “in a considerable bind for summer refills and also going into next winter” — with no relief in 2004.
February 10, 2003
EOG Sees Gas ‘North of $5’ by Summer as Supply Drops
EOG Resources Inc. CEO Mark Papa warned Tuesday that North American natural gas prices may well be “north of $5” by this summer because supply is falling faster than the growing demand. Papa reiterated that internal company numbers indicate North America “in a considerable bind for summer refills and also going into next winter” — with no relief in 2004.
February 5, 2003
NEB Ruling Stresses Pipeline Builders’ Accountability to Native Tribes
Natural gas producers and pipeline developers stand warned to make community relations a priority if they advance, as planned this year, a proposal to connect Arctic supplies with a project traversing the native-dominated Mackenzie Valley.
February 3, 2003
NEB Ruling Stresses Pipeline Builders’ Accountability to Native Tribes
Natural gas producers and pipeline developers stand warned to make community relations a priority if they advance, as planned this year, a proposal to connect Arctic supplies with a project traversing the native-dominated Mackenzie Valley.
February 3, 2003
CreditSights Warns of El Paso Pipelines’ Loans to Parent
A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.
January 27, 2003
CreditSights Warns of El Paso Pipelines’ Loans to Parent
A financial analyst firm has warned investors that the parent El Paso Corp. (EP) is siphoning off cash from its pipeline units and has made two of the pipelines, El Paso Natural Gas and Tennessee Gas co-obligators on $2 billion of corporate debt.
January 21, 2003
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