The National Energy Board (NEB) made it official: The widely forecast decline in Canadian natural gas supplies is postponed until further notice because prices, industry activity and the resource base are turning out to be stronger than previously expected.
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NEB: Canadian Supply Outlook Stronger Than Expected
The National Energy Board (NEB) made it official: The widely forecast decline in Canadian natural gas supplies is postponed until further notice because prices, industry activity and the resource base are turning out to be stronger than previously expected.
FERC Upholds Jurisdictional Claim Over Sound Energy LNG Project
In a decision that was widely anticipated, FERC last Wednesday upheld a March order in which the agency asserted “exclusive jurisdiction” over Sound Energy Solution’s (SES) planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.
FERC Upholds Jurisdictional Claim Over Sound Energy LNG Project
In a decision that was widely anticipated, FERC on Wednesday upheld a March order in which the agency asserted “exclusive jurisdiction” over Sound Energy Solution’s (SES) planned liquefied natural gas (LNG) terminal for the Port of Long Beach, CA.
Barton Takes Reins of House Energy Panel
As was widely expected, Rep. Joe Barton (R-TX) on Thursday was approved by unanimous consent as the new chairman of the powerful House Energy and Commerce Committee. He replaces Rep. W.J. “Billy” Tauzin (R-LA), who gave up the position earlier this month.
Nymex Wants to Be Like ICE
The New York Mercantile Exchange (Nymex) stepped up the competition with IntercontinentalExchange (ICE), the energy industry’s most widely used electronic over-the-counter (OTC) energy trading platform, by announcing plans to introduce its own trading platform designed for the OTC energy market. The system begins beta testing this week and will be launched in January.
Nymex Wants to Be Like ICE
The New York Mercantile Exchange (Nymex) stepped up the competition with IntercontinentalExchange (ICE), the energy industry’s most widely used electronic over-the-counter (OTC) energy trading platform, by announcing plans to introduce its own trading platform designed for the OTC energy market. The system begins beta testing next week and will be launched in January.
Enron Tells Enron Oil & Gas: You’re On Your Own, Kid
Enron and subsidiary Enron Oil & Gas (EOG) set a plan inmotion Tuesday to formally part ways, as the two agreed on atransaction that would establish EOG as a widely held publiccompany that will be independent of Enron. Under the all-stockagreement, Enron will exchange 62.27 million of its 82.27 millionshares of EOG common stock for EOG’s China and India operations. Inconnection with the exchange, EOG will contribute $600 million incash to one of EOG’s India subsidiaries that will be transferred toEnron.
CA Snow Pack Deep and Getting Deeper
The first measurement of a usually obscure factoid by a part of state government was widely reported last weekend, when California state water resources officials trudged up to several key points in the Sierra Nevada range 90 miles east of Sacramento and measured snow levels at two-thirds of a normal winter already. That translates into greater hydroelectric resources, which translates into a better chance for the state avoiding blackouts this summer. It also means less gas demand for power generation in the state next summer.
Crucial Week Facing CA as Legislature Returns, CPUC Faces Key Decisions
Given the lack of widely agreed-to solutions and an increase in disagreements among parties, anticipation will be high and expectations low this week in California’s complicated political and regulatory energy landscape that promises to heat up with the return of the state legislature and a crucial business meeting of the state regulatory commission.