Widened

Barclays Sees Moderate 2011 HH-NBP Basis Spread

The spread between the U.S. Henry Hub natural gas price and the United Kingdom’s (UK) benchmark NBP gas price marker has widened in 2010 compared to 2009 and the futures market forward prices show that spread could more than double in 2011. But Barclays Capital believes that the upward projections for the UK market are overblown and will correct. The investment bank is predicting a $1.52/MMBtu spread for 2011, not far off this year’s spread so far.

October 11, 2010

Barclays Sees Moderate 2011 HH-NBP Basis Spread

The spread between the U.S. Henry Hub natural gas price and the United Kingdom’s (UK) benchmark NBP gas price marker has widened in 2010 compared to 2009 and the futures market forward prices show that spread could more than double in 2011. But Barclays Capital believes that the upward projections for the UK market are overblown and will correct. The investment bank is predicting a $1.52/MMBtu spread for 2011, not far off this year’s spread.

October 7, 2010

Feds Expand Probe into BP’s Trading Activities

An investigation into BP plc’s commodities trading activities has been widened by U.S. authorities to include its U.S. crude oil and storage business activities, according to company filings with the Securities and Exchange Commission (SEC).

August 13, 2007

Feds Expand Probe into BP’s U.S. Trading Activities

An investigation into BP plc’s commodities trading activities has been widened by U.S. authorities to include its U.S. crude oil and storage business activities, according to company filings with the Securities and Exchange Commission (SEC).

August 13, 2007

Transportation Notes

Pacific Gas & Electric widened Wednesday’s customer-specific OFO into a systemwide Stage 3 high-inventory OFO for Thursday. Penalties of $5/Dth will be applied to shippers exceeding a 1% tolerance for positive daily imbalances. Southern California Gas also kept a high-linepack OFO declared for Wednesday in effect through Thursday.

October 21, 2004

Cheniere 2Q Losses Blamed on LNG Terminal Development

Cheniere Energy Inc. widened its loss in the second quarter over a year ago, blaming the decline on the cost of developing its liquefied natural gas (LNG) receiving terminals. The Houston-based producer reported a net loss of $8.05 million (minus 43 cents/share) versus a net loss of $1.62 million (minus 11 cents) in 2Q2003.

August 11, 2004

SoCalGas Settlement Talks Widened, Extended

Belatedly, the California Energy Commission (CEC) is getting inits two-cents-worth in the state’s remaining gas settlement talksfocused on Southern California Gas Co. The overall thrust of theremaining talks should be to unbundle more, limit the monopolyutilities’ roles, and establish user fees so that only customerswho use certain services pay for them, the CEC has suggested,mirroring stances it has taken in electric restructuringproceedings.

February 21, 2000

SoCalGas Settlement Talks Widened, Extended;

Belatedly, the California Energy Commission (CEC) is getting inits two-cents-worth in the state’s remaining natural gas settlementtalks focused on Southern California Gas Co. which resumed Tuesdayin Los Angeles. A regulatory proceeding earlier in the monthbroadened the scope of the talks at the same time concludingsimilar negotiations centered on Pacific Gas and Electric Co.’snatural gas system in the northern half of the state.

February 16, 2000