Natural Gas Week articles from April 2007

Natural Gas Week archives from April 2007

Natural gas weekly spot prices.
April 2, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 3/27-4/2 Avg. Avg. Apr. Price Daily Daily Bid Point $/MMBtu Chg....

Breakthrough low-pressure NatGas fuel tank could change the game.
April 2, 2007... A lone white pickup truck, cruising around Kansas City, Missouri, is putting a new type of onboard storage tank for natural gas through its paces. The potentially game-changing tank, known as an "adsorbed" natural gas (ANG) tank, was...

High oil, gas prices that cause recession often crushed in turn.
April 2, 2007... Alarm bells are going off everywhere regarding the state of the economy, from the crumbling subprime mortgage market to growing concern from the US Federal Reserve over stout energy prices. And a sluggish economy could take a toll on oil, and...

April expires amid rally; light demand may yet set back prices.
April 2, 2007... What a difference a week can make in the natural gas industry. Two weeks ago, prices were hovering within a 10 cents trading range, but that all changed last week as market bulls burst into the china shop just as April gas moved toward expiry....

Multitude of pipeline projects stretching available resources.
April 2, 2007... Wanted: 10,000 workers for major pipeline projects. When: Now. Where: All over North America. That, in short, was the message given to about 400 energy industry leaders attending Pipeline Outlook '07 in Houston last week. The...

Expansion requested.(Late news)
April 2, 2007... Expansion requested: Spectra Energy has filed an application with the Federal Energy Regulatory Commission to expand the capacity of its proposed natural gas storage facility located in Copiah County, Mississippi. The Copiah Project will...

Project completed.(Late news)
April 2, 2007... Project completed: Dallas-based Energy Transfer Partners (ETP) has completed connecting its Barnett Shale pipeline system to several major interstate and intrastate pipelines. ETP said it had finished installing 243 miles of 42-inch pipe that...

Elba expansion.(Late news)
April 2, 2007... Elba expansion: El Paso affiliates Southern LNG and Elba Express learned Friday that Federal Energy Regulatory Commission staff has determined that plans to double the storage and send-out capacity at the Elba Island LNG terminal would have...

Nabors latest to issue warning over drilling profit downturn.
April 2, 2007... Nabors Industries last week became the second large oil services company to warn that its first-quarter earnings would fall short of Wall Street expectations due to lower drilling activity in North America. Nabors' disclosure comes on the...

Intrastate weekly spot prices.
April 2, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 3/27-4/2 Avg. Avg. Apr. Price Daily Daily Bid Point $/MMBtu Chg. High...

Pearce: Alaska Legislature holds fate of pipeline project.
April 2, 2007... "All eyes are on Alaska." That's where the fate of a long-planned natural gas pipeline from Alaska to the lower 48 will be determined, according to Drue Pearce, federal coordinator for the Alaskan Natural Gas Pipeline Projects and guest...

Prices and differentials for major hubs and selected city gates.
April 2, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES April 2, 2007 US$/MMBtu, Volume-Weighted [GRAPHIC OMITTED] SELECTED DAILY DIFFERENTIALS Differential 3/26 3/27 3/28 3/29 3/30 HH-NY ...

Oneok, Williams join in building Overland Pass Pipeline connector.
April 2, 2007... Plans for a $120 million, 150-mile pipeline connecting the ever-growing Piceance Basin with the Overland Pass Pipeline, which ends at a major natural gas liquids hub in Kansas were unveiled last week by Oneok Partners and the Williams Co. ...

Composite spot wellhead price.
April 2, 2007... COMPOSITE SPOT WELLHEAD PRICE January 2003 to Present ($/MMBtu) Year Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. 2007 6.25 7.79 6.52 2006 8.20 7.30 6.47 6.61 5.93 6.04 5.93 7.11 4.60 5.47...

Composite spot delivered-to-pipeline price.
April 2, 2007... COMPOSITE SPOT DELIVERED-TO-PIPELINE PRICE January 2003 to Present ($/MMBtu) Year Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. 2007 6.68 8.44 7.12 2006 8.28 7.55 6.69 6.77 5.99 6.14 6.15 7.28...

Global LNG surplus spreads; US terminals reaping heyday supply.
April 2, 2007... In an abrupt reversal of pattern, the global LNG spot market suddenly looks oversupplied and firmly tilted toward the US, where March has seen record imports and April loadings are potentially as great. Indeed, receiving capacity in the US is...

Natural gas futures.
April 2, 2007... NATURAL GAS FUTURES Trading Dates: March 26--March 30, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Thursday Last Volume Last Volume...

BP facing new storm season with high-tech Central command post.
April 2, 2007... A UK-based weather forecasting firm became on of the latest voices to sound a note of caution about the upcoming Atlantic hurricane season. Based in London, Tropical Storm Risk said the hurricane season--which runs from Jun. 1 through Nov....

North American weekly gas storage.
April 2, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Mar. 23 Mar. 16 Weekly Year Yr. Ago 5-year 5-year Region Week Week Change Ago Change Average Change US East 677 ...

Natural gas bidweek prices.
April 2, 2007... NATURAL GAS BIDWEEK PRICES Flow Dates: 4/1-4/30 April Chg. Prev. Price Avg. from Bid- Point $/MMBtu Prev....

Citygate prices.
April 2, 2007... CITYGATE PRICES April Chg. Prev. Price Avg. from Bid- Point $/MMBtu Prev. High Low Vol. Deals Week Austin, Tx. ...

Survey: geoscientists want computer power at fingertips.
April 2, 2007... More high-performance computers being made available will increase the overall production of oil and natural gas. That was one of the main conclusions of a survey conducted by Microsoft of geoscientists in the energy industry. The...

Through Gazprom, Russia acts as independent natural gas cartel.
April 2, 2007... Russia doesn't need to form a natural gas cartel to exercise control over at least the Eurasian natural gas market, says Michal C. Moore, senior fellow for the Institute for Sustainable Energy, Environment and Economy at the University of...

NGW's monthly weighted averages.
April 2, 2007... NGW'S MONTHLY WEIGHTED AVERAGES $/MMBtu Price Point Mar-07 Feb-07 Jan-07 Dec-06 Nov-06 Oct-06 Gulf Coast ANR SE 7.04 7.92 6.22 6.53 7.32 6.19 Col. Gulf--Erath 7.11 8.16...

Dynegy castigated for proposed coal plants.(CURRENT)
April 2, 2007... Dynegy, a former Top Ten energy marketer, once dreamed of buying Enron after it filed for bankruptcy. Now critics are wary it is equally delusional in its plans for creating new generation capacity with proposed merger partner LS Power. ...

Major tie line goes down; markets react.(CURRENT)
April 2, 2007... The Pacific Northwest last week faced a battle with floods of water needing release--with a twist. A key, high-density transmission line that could ship the cheap power south to natural gas-based markets went out unexpectedly. The Pacific...

Portugese utility plans to buy Goldman Sachs' Horizon Wind.(CURRENT)
April 2, 2007... Energias de Portugal (EDP) plans to double its wind production with the acquisition of Horizon Wind Energy from The Goldman Sachs Group for $2.15 billion. The Houston-based wind developer's net financial debt by last year's end was $180...

Spot electricity trading.(CURRENT)
April 2, 2007... SPOT ELECTRICITY TRADING Trading Dates: March 26-March 30, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Comparative fuel prices.(CURRENT)
April 2, 2007... COMPARATIVE FUEL PRICES (Cash Market) April 2, 2007 APPALACHIA Appalachian Pool Ohio/Big Sandy River Coal Dlvd (Util) $41.00/ton $7.74/MMBtu $1.71/MMBtu EAST COAST...

Shell abandoning Gulf Landing LNG terminal offshore Louisiana.(Regional Market Roundup)
April 2, 2007... Royal Dutch Shell's US gas and power unit has dropped plans to build a LNG receiving and regasification terminal in the Gulf of Mexico offshore Louisiana. The company said North American LNG import capacity would be sufficient without the...

Baker hughes rig count.(Regional Market Roundup)
April 2, 2007... BAKER HUGHES RIG COUNT Week Ended Mar. 31 Rotary Rigs Current Week Previous Week Year Ago Total US 1,749 1,745 1,576 Land 1,650 1,644 ...

Gas price trends.(Regional Market Roundup)
April 2, 2007... GAS PRICE TRENDS TEXAS CALIFORNIA ROCKY NEW Gulf Coast Gulf Coast ($/MMBtu) South North MTNS MEXICO Offshore Onshore Apr 2, 2007 ...

Atlantic and Western Canadian exploration hit drilling snags.(Canadian Markets)
April 2, 2007... Chevron is close to wrapping up drilling of the first deepwater exploration well in the Orphan Basin offshore Atlantic Canada, but delays in the project mean that follow-up probes will not be drilled this year as originally planned. ...

Russian Atlantic projects stalling as Gazprom picks pipelines over LNG.(World Roundup)
April 2, 2007... It's becoming increasingly clear that Gazprom has reverted to form and is focusing on pipeline gas rather than LNG sales in the Atlantic Basin. Even as the Nord Stream pipeline that would run under the Baltic direct to Germany is progressing,...

Canadian price report.(World Roundup)
April 2, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA Huntingdon/ Kingsgate/ Total Sumas Eastport ...

King coal's reign looks shakier as carbon mitigation costs rise.
April 2, 2007... It seems evident that there's been a sea change of opinion about global warming, and the arguments are clearly turning from "Is it happening?" to "What are we going to do about it?" And once the latter debate takes off, you have to wonder about...

Gas price report.
April 2, 2007... GAS PRICE REPORT ($/MMBtu--Spot) April 2, 2007 Interstate Intrastate Delivered Delivered Wellhead Wellhead To Pipeline To Utility Bid ...

Natural gas weekly spot prices.
April 9, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates:4/3-4/9 Avg. Avg. Apr. Price Daily Daily Bid Point $/MMBtu Chg....

Healthy Northwest snowpack may slash summer NatGas generation.
April 9, 2007... Northwest hydroelectricity generation is roaring back this year as a deep winter snowpack in the mountains promises full streams and lakes this summer, despite an early melt. And that could spell a diminished need for Canadian gas to meet the...

Death by amendment: Legislature has Alaska gas line under review.
April 9, 2007... The Alaska Legislature is putting Gov. Sarah Palin's natural gas pipeline bill through the committee wringer, with some key lawmakers attempting to squeeze out any provisions opposed by a coalition of the state's biggest energy producers. ...

Calm before the storm; traders mixed on NatGas market direction.
April 9, 2007... With a final late-winter cold shot wrapping up the heating season, the next big drivers for Nymex May gas futures rest with potential summer demand, volatility in the oil market, and, of course, the tropical season. But for the near-term,...

Hurricane season could be more active than first forecast.
April 9, 2007... The Colorado State University (CSU) hurricane forecast team said last week that the 2007 Atlantic Basin tropical storm season could be more intense than predicted late last year. The CSU hurricane team said it now expects 17 named storms,...

Project under fire.(Late news)
April 9, 2007... Project under fire: The first of three public hearings on BHP Billiton's plans to build a liquefied natural gas import terminal off the southern California coast has been held with opposition to the project growing. The Cabrillo Port facility...

Leaving Houston.(Late news)
April 9, 2007... Leaving Houston: A major shakeup is under way at independent Bayou City Exploration. In a brief statement Thursday, the company said Chief Executive Wayne Hardin resigned and Senior Vice President Edwin Suhr was fired. The company also...

Cove Point LNG terminal to shut during June for expansion work.
April 9, 2007... Dominion's LNG receiving terminal at Cove Point, Maryland, will be down for the entire month of June this year for maintenance connected to the Phase 2 expansion of the 1 billion cubic foot per day facility, slated for completion in late 2008....

Intrastate weekly spot prices.
April 9, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates:4/3-4/9 Avg. Avg. Apr. Price Daily Daily Bid Point $/MMBtu Chg. High Low...

Rockies market raises eyebrows as prices gyrate; some calling foul.
April 9, 2007... It appears that the Rocky Mountain markets are again under siege from oversupply, with injection season preparing to ramp up and milder weather enticing transmission companies to announce a variety of routine maintenance disruptions. Among...

Prices and differentials for major hubs and selected city gates.
April 9, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES April 9, 2007 US$/MMBtu, Volume-Weighted SELECTED DAILY DIFFERENTIALS Differential 4/1 4/2 4/3 4/4 4/5 HH-NY +0.59 +0.71 +1.05 +1.28...

US scientists discover secret of creating LNG with sound waves.
April 9, 2007... After more than 20 years of research, a Los Alamos National Laboratory physicist has discovered how to liquefy natural gas using sound waves--a technology seen as opening the door to gas reserves once deemed irrecoverable. Los Alamos...

North American weekly gas storage.
April 9, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Mar. 30 Mar. 23 Weekly Year Yr. Ago 5-year 5-year Region Week Week Change Ago Change Average Change US East 702 ...

Wachovia: rising rig count fails to lift US '06 NatGas production.
April 9, 2007... Exploration and production companies searched for natural gas like crazy in 2006, with the US gas rig count marching higher throughout the year. With more than 1,400 rigs drilling for gas at the end of 2006, versus 1,200 rigs active...

Supreme court hands bush defeat in carbon emissions legal melee.
April 9, 2007... In a 5-4 decision that could help reshape US climate change policy, the Supreme Court early last week rejected the Bush administration's firm and long-standing view that it cannot regulate carbon dioxide and other greenhouse gas emissions under...

Natural gas futures.
April 9, 2007... NATURAL GAS FUTURES April 2-April 6, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume Last Volume May 2007 ...

Pipeline capacity utilization.
April 9, 2007... PIPELINE CAPACITY UTILIZATION April (2007) April (2006) Location FlowDate Flow Month-to-Date Month-to-Date Transco Zone 6 NY 4/4/2007 1,684,380 1,616,150 1,464,321...

Cross-border power projects set to proliferate.(CURRENT)
April 9, 2007... The border between US and Mexico has hardly presented a barrier regarding energy projects--excepting electricity, that is. For the 60 or so years until US deregulation, the flow of megawatts across the border has been restricted. Before...

High court rules for greens in Duke case.(CURRENT)
April 9, 2007... The US Supreme Court handed environmentalists a two-fer last week, when it acknowledged global warming and found in favor of environmental protection in two precedent-setting cases. That the highest court in the land acknowledged global...

Dynegy says joint venture with LS power on; coal project a go.(CURRENT)
April 9, 2007... Dynegy announced last week that its proposed merger of operating assets and development-focused joint venture with LS Power Group will go through. Further, the group said its plans for an 800-MW coal-fired plant near Waco, Texas, will move...

Spot electricity trading.(CURRENT)
April 9, 2007... SPOT ELECTRICITY TRADING Trading Dates: April 2-April 5, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price Year Month POINT This Week Last Week Change Ago ...

Comparative fuel prices.(CURRENT)
April 9, 2007... COMPARATIVE FUEL PRICES (Cash Market) April 9, 2007 APPALACHIA Appalachian Pool Ohio/Big Sandy River Coal Dlvd (Util) $41.25/ton $8.13/MMBtu $1.72/MMBtu EAST COAST New...

Norwegian company proposes LNG terminal off Florida Gulf Coast.(Regional Market Roundup)
April 9, 2007... The US Coast Guard said last week that Hoegh LNG, a private Norwegian company, has submitted an application to build and operate Port Dolphin, a LNG terminal in the Gulf of Mexico off the coast of Florida. "The proposed project would have...

Baker Hughes rig count.(Regional Market Roundup)
April 9, 2007... BAKER HUGHES RIG COUNT Week Ended Mar. 31 Rotary Rigs Current Previous Year Week Week Ago Total US 1,749 1,745 1,576 Land ...

Gas price trends.(Regional Market Roundup)
April 9, 2007... GAS PRICE TRENDS ($/MMBtu) TEXAS CALIFORNIA ROCKY NEW Gulf Coast Gulf Coast South North MTNS MEXICO Offshore Onshore Apr...

US lawmaker proposes stripping energy trusts of tax advantage.(Canadian Markets)
April 9, 2007... The Canadian federal government is not the only tax authority looking covetously at energy trusts as an enhanced revenue source. Now the US government believes it is entitled to a bigger cut, says FirstEnergy Capital analyst William Lacey. ...

US pitching for Nabucco NatGas line to blunt Gazprom hegemony.(World Roundup)
April 9, 2007... Europe has found a willing and powerful ally in the US as it looks to diversify its sources of energy and loosen its dependence on gas supplied by Russian state Gazprom. Under the slogan "competition not confrontation," Washington has...

Canadian price report.(World Roundup)
April 9, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA Huntingdon/ Kingsgate/ ALBERTA Total Sumas Eastport...

Western pension fund draws first in legal standoff with Amaranth.
April 9, 2007... There's no questioning the sales skills of Amaranth Advisors founder Nick Maounis. His celebrated hedge fund lost $6.6 billion of other people's money, yet since the debacle went down in September, not a single suit had been filed until late...

Gas price report.
April 9, 2007... GAS PRICE REPORT ($/MMBtu--Spot) April 9, 2007 Interstate Intrastate Delivered Delivered Wellhead Wellhead To Pipeline To Utility Bid ...

Natural gas weekly spot prices.
April 16, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 4/10-4/16 Avg. Avg. Apr. Price Daily Daily Bid Point $/MMBtu Chg....

Gulf industry braces for coming storms; Platforms may go higher.
April 16, 2007... Billions have been spent repairing the devastation wrought on Gulf infrastructure by this decade's megastorms and making sure new production platforms can withstand future blows. There's only one problem: We may not have built them high...

Traders: ICE center creating electronic, floor trading hybrid.
April 16, 2007... The Intercontinental Exchange may be on to something. When it unveiled a new state-of-the-art trading facility in New York, longtime futures traders touted the facility as the modern-day replacement to the rapidly-fading Nymex tradition of...

Record cold start to April boosts NatGas; Lower trend seen ahead.
April 16, 2007... One of the coldest starts yet to the month of April in many regions of the country resulted in stout cash prices and Nymex May gas spiking to $8 last week. However, as more spring-like weather emerges in coming days, prices are expected to...

Bentek: Rockies express could undercut Anadarko, Permian gas.
April 16, 2007... Touted as the cornerstone of the east-west replumbing of American's gas pipeline grid, Kinder Morgan's Rockies Express (Rex) pipeline could cause collateral damage when it opens Rockies production to new markets, a new study by Bentek Energy...

Plan rejected.(Late news)
April 16, 2007... Plan rejected: The state of Alaska has refused to consider the latest plan submitted by Exxon Mobil for operating the Point Thomson oil and natural gas field. State officials said they will not review the Mar. 23 plan because Exxon has already...

New player in Gulf.(Late news)
April 16, 2007... New player in Gulf: A new player in the Gulf of Mexico offshore supply vessel market has made its debut as Houston-based Ridgon Marine has taken delivery of its newbuild vessel, the Rigdon Yellowfin. The vessel was built by C & G Boatworks of...

Cameron lands contract.(Late news)
April 16, 2007... Cameron lands contract: Cameron International will build subsea systems for Petrobras's Plangas project off the southeast coast of Brazil in a deal valued at $127 million. Officials with Houston-based Cameron said the company will provide 22...

Bayou state plan would boost strategic value of Louisiana ports.
April 16, 2007... Three of the ports along the Bayou State's Gulf Coast are in line for an extreme makeover thanks in part to a five-year, $820 million capital improvement plan unveiled last week by the Ports Association of Louisiana. "What we are doing is...

Intrastate weekly spot prices.
April 16, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 4/10-4/16 Avg. Avg. Apr. Price Daily Daily Bid Point $/MMBtu Chg. High...

LNG terminals getting more than ample support from gas pipelines.
April 16, 2007... Plans are proceeding apace to provide the pipeline and other infrastructure needed to transfer ever larger volumes of regasified LNG from new and expanded receiving terminals into the enormous US pipeline grid. Every greenfield and expansion...

Prices and differentials for major HUBS and selected city gates.
April 16, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES April 16, 2007 US$/MMBtu, Volume-Weighted [GRAPHIC OMITTED] SELECTED DAILY DIFFERENTIALS Differential 4/9 4/10 4/11 4/12 4/13 HH-NY ...

Planned gas pipelines, terminals expanding Oregon's LNG options.
April 16, 2007... Despite the competitive playing field for LNG developers on the US West Coast--and in California in particular--companies continue to make headway with proposals for terminals in Oregon, with five projects currently on the table. Two of...

North American weekly gas storage.
April 16, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Apr. 6 Mar. 30 Weekly Year Yr. Ago 5-year 5-year Region Week Week Change Ago Change Average Change US East 706 ...

Bodman says market interference bad for both consumer, producer.
April 16, 2007... US Energy Secretary Samuel Bodman last week criticized attempts by foreign governments to influence world energy prices, saying such efforts are detrimental to both producers and consumers. "Energy markets function most effectively and...

Natural gas futures.
April 16, 2007... NATURAL GAS FUTURES Trading Dates: April 9--April 13, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume Last Volume...

LNG terminals running hard as global supplies flood US market.(Atlantic Basin LNG Update)
April 16, 2007... Southern Union's Trunkline LNG terminal at Lake Charles, Louisiana, had a record-breaking month in March on a number of counts. In particular, the terminal had peak send-out of 1.55 billion cubic feet on Mar. 20, exceeding the 1.38 Bcf peak...