Ways

Citing the “stunning” drop in the net asset value (NAV) of U.S. exploration and production (E&P) companies, Anadarko Petroleum Corp. is considering ways to boost the company’s value — by either buying back stock or buying some assets — the CEO said last week.

Citing the “stunning” drop in the net asset value (NAV) of U.S. exploration and production (E&P) companies, Anadarko Petroleum Corp. is considering ways to boost the company’s value — by either buying back stock or buying some assets — the CEO said Tuesday.

Cheniere Energy Inc. is evaluating ways to “optimize the value” of its Gulf Coast-based Sabine Pass LNG receiving terminal, which is scheduled to begin operations in April.

Both the cash and futures markets appeared to respond to influences in seemingly illogical ways Thursday. Despite strong prior-day screen support and spreading cold temperatures in northern market areas, cash prices fell at most points. And for the second Thursday in a row, prompt-month futures shrugged off an undeniably bearish storage report to post a strong gain.

The House Ways and Means Committee Wednesday approved a $16 billion tax package chock full of incentives to spur the production of renewable fuels and other clean energy.

Finding ways to make the Gulf of Mexico (GOM) offshore oil and natural infrastructure more resilient during hurricanes has been on the minds of many in the energy industry over the course of the past year. Now, BP plc has come up with a $100 million plan to build the first-ever undersea fiber-optic cable linking oil and gas platforms. It would improve communications and could eventually alleviate some shut ins.

Agrium Inc., which has been searching for more than a year for ways to secure natural gas supplies for its Nikiski nitrogen plant in Kenai, AK, said Thursday it has begun a detailed feasibility review on the proposed Kenai Blue Sky Coal Gasification Project. If the project is completed, it could be operational by 2011.

Rep. Carolyn Maloney (D-NY) and other House lawmakers have written a letter to the Interior Department citing ways for the agency to potentially improve its collection of royalties on oil and natural gas produced from federal and tribal lands.

Rep. Carolyn Maloney (D-NY) and other House lawmakers have written a letter to the Interior Department citing ways for the agency to potentially improve its collection of royalties on oil and natural gas produced from federal and tribal lands.