Natural Gas Week articles from August 2007

Natural Gas Week archives from August 2007

Natural gas weekly spot prices.
August 6, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 7/31-8/6 Avg. Avg. Aug. Price Daily Daily Bid Point $/MMBtu Chg. High Low ...

Russians claim arctic shelf while Mexico beefs up gulf rig defense.
August 6, 2007... From the Arctic Circle to the Gulf of Mexico, nations are racing to lay claim to possibly large reserves of oil and natural gas and just as quickly announcing their intention to use military force to protect their natural resources.1 This...

Alleged market manipulation by ETP could draw millions in fines.
August 6, 2007... Within the last two weeks, the Federal Energy Regulatory Commission has made serious allegations against Energy Transfer Partners (ETP) for manipulating natural gas prices in Texas. Last week, ETP refuted the charges, claiming the trading...

September continues fall as gas storage swells to record heights.
August 6, 2007... Without the supportive fundamentals of above-normal temperatures and hurricane activity to prop up prices, Nymex September gas futures prices continued to seek lower ground last week. And until Mother Nature doles out some extreme weather, a...

Greens urge speaker Pelosi to include gas as alternative fuel.
August 6, 2007... The green movement may finally have found a fossil fuel to love. In a Jul. 24 letter to Speaker of the House Nancy Pelosi, a trio of environmental groups, the National Resources Defense Council, the Union of Concerned Scientists and...

Veto threatened.(Late news ...)
August 6, 2007... Veto threatened: The White House has threatened to veto a massive energy bill that the US House of Representatives began debate on Friday. In its official policy statement, made public Friday, the White House said the energy bill and its...

Forecast lowered.(Late news ...)
August 6, 2007... Forecast lowered: As expected, the hurricane researchers at Colorado State University lowered their storm forecast for the 2007 Atlantic hurricane season Friday, calling for 15 named storms, with eight becoming hurricanes and four becoming...

CBM assets.(Late news ...)
August 6, 2007... CBM assets: Constellation Energy Partners said Friday it is buying coalbed methane properties from Newfield Exploration Mid-Continent, a subsidiary of Newfield Exploration Co., for $128 million. The properties are located in the Cherokee Basin...

Woodside pledges to use US crews, tankers at OceanWay LNG terminal.
August 6, 2007... LNG projects planned for California have run into a firestorm of opposition. But Woodside Natural Gas says it has a proposal that meets the tough safety and environmental regulations in the state and at the same will promote the US merchant...

Intrastate weekly spot prices.
August 6, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 7/31-8/6 Avg. Avg. Aug. Daily Daily Bid Price Point $/MMBtu Chg. High...

LNG industry faces additional hurdles in California Assembly.
August 6, 2007... The US LNG industry is finding itself in familiar territory again as it faces a new series of bureaucratic and legal challenges being considered in California. In the latest twist, the industry is facing a legal challenge with SB 412, a...

Composite spot wellhead price.
August 6, 2007... January 2003 to Present ($/MMBtu) Year Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. 2007 6.25 7.79 6.52 7.07 7.34 7.03 6.03 2006 8.20 7.30 6.47 6.61 5.93 6.04 5.93 7.11 4.60 5.47 2005 6.05 5.99...

Broadwater economic benefits lauded, but lipa wants even more.
August 6, 2007... The Long Island Power Authority (Lipa) has issued a mostly positive report on the Broadwater LNG terminal, finding that the facility could reduce New Yorkers energy costs by as much as $14.8 billion during its first decade of operation. Of...

Natural gas futures.
August 6, 2007... Trading Dates:July30.August 3,2007 NEW YORK MERCANTILE EXCHANGE(NYMEX)(HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume Last September 2007 ...

Service, drilling firms posting healthy second quarter returns.(Financial report)
August 6, 2007... Facing a growing backlog of projects and requests for equipment, service companies weathered the second quarter with companies like Transocean reporting strong earnings. Transocean posted a profit of $549 million ($1.84/share), compared...

North american weekly gas storage.
August 6, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Region Jul. 27 Jul. 20 Weekly Year Yr. Ago 5-year Week Week Change Ago Change Average US East 1511 ...

Natural gas bidweek prices.
August 6, 2007... NATURAL GAS BIDWEEK PRICES Flow Dates:8/1-8/31 August Chg. Prev. Price Avg. from Bid- Point $/MMBtu Prev. High...

Ngw's monthly weighted averages.
August 6, 2007... NGW'S MONTHLY WEIGHTED AVERAGES $/MMBtu Price Point Jul-07 Jun-07 May-07 Apr-07 Mar-07 Feb-07 Gulf Coast ANR SE 6.22 7.37 7.63 7.53 7.04 7.92 Col. Gulf - Erath 6.14 7.36 ...

Charge! GE card offers GHG offsets to little guys.(CURRENT)
August 6, 2007... Run up your credit card balance for the good of the environment with the GE Money Earth Rewards platinum MasterCard --the first such vehicle linking cardholders' consciences to greenhouse gas emission (GHG) offsets. It's the first consumer...

Southwest public power co-ops thriving.(CURRENT)
August 6, 2007... Anyone who's been stuck for hours in a traffic pileup on Arizona's main east-west artery, Interstate 10, knows how easy it is to feel trapped by a major constraint in the vast emptiness of the Desert Southwest. Arizona power utilities must...

Aussie buyout of Northwestern rejected by Montana Regulators.(CURRENT)
August 6, 2007... Despite approval by both the Federal Energy Regulatory Commission and the Department of Justice along with shareholders and state regulators in Nebraska the proposed buyout of NorthWestern Energy by Australia investment bankers Babcock &...

Reactor reserved for possible Nuke.(CURRENT)
August 6, 2007... Entergy Nuclear, the nation's second largest nuclear operating company, has signed a project development agreement with GE-Hitachi Nuclear Energy that includes an order for a major, advanced reactor component, in the event that Entergy may...

Spot Electricity trading.(CURRENT)
August 6, 2007... SPOT ELECTRICITY TRADING Trading Dates: July 30-August 3, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT Week...

Nuke waste recycling research funded.(CURRENT)
August 6, 2007... The US Department of Energy has chosen four consortia to receive as much as $16 million total to conduct technical studies for an initial nuclear fuel recycling center and advanced recycling reactor. AREVA Federal Services, EnergySolutions,...

Fortis structures five-year cogen deal.(CURRENT)
August 6, 2007... Fortis Merchant and Private Banking announced a 345-MW, five-year power sales agreement with Gregory Power Partners, a 400-MW cogeneration plant in Corpus Christi. The agreement, from 2009-13, was structured by Fortis Energy Marketing &...

Comparative fuel prices.(CURRENT)
August 6, 2007... COMPARATIVE FUEL PRICES (Cash Market) August 6, 2007 APPALACHIA Appalachian Pool Ohio/Big Sandy River Coal Dlvd ((Util) $43.75/ton $6.64/MMBtu $1.82/MMBtu EAST...

New bi-directional flow at Rayne should open up Southern markets.(Regional Market Roundup)
August 6, 2007... In order to meet surging gas-fired power demand throughout the South, particularly in Florida, NiSource Gas Transmission & Storage's (NGT&S) Columbia Gulf Transmission (CGT) unit has reconfigured natural gas facilities at its Rayne Compressor...

Baker Hughes rig count.(Regional Market Roundup)
August 6, 2007... [ILLUSTRATION OMITTED] BAKER HUGHES RIG COUNT Week Ended Aug. 3 Rotary Rigs Current Previous Year Week Week Ago Total US 1,781 1,775...

Gas price trends.
August 6, 2007... GAS PRICE TRENDS $/MMBtu) ROCKY NEW CALIFORNIA MTNS MEXICO South North Aug 6, 2007 Inter (well) ...

Oil sands upgrades, expansions incorporating gasification plans.(Canadian Markets)
August 6, 2007... Canadian oil sands producers are continuing to find ways to reduce natural gas requirements in both the bitumen extraction upstream phase and the downstream upgrading process that turns the gunky bitumen into synthetic crude. Last week,...

Venezuela putting pipe dream on hold; transcontinental line stalling.(World Roundup)
August 6, 2007... Venezuelan President Hugo Chavez said last week he has put his ambitious plan to build a transcontinental natural gas pipeline on the back burner due to a lack of interest from neighboring countries. The plan to build a 5,600-mile pipeline...

Canadian price report.(World Roundup)
August 6, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH ALBERTA COLUMBIA Huntingdon/Kingsgate/ Total Sumas Eastport Total...

Raymond James lowers gas price outlook again; foresees collapse.
August 6, 2007... For all the talk about surging summer gas prices because of coming heat and storms, Raymond James got it right in the headline for its latest Energy Stat of the Week: "Throwing in the Towel on Summer Natural Gas Prices--Lowering Our Outlook......

Natural gas weekly spot prices.Flow Dates: 8/7-8/13.
August 13, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 8/7-8/13 Avg. Avg. Aug. Price Daily Daily Bid Point f/MMBtu Chg. High Low Vol. ...

Surging US LNG imports hit new peaks as European market fades.(Industry overview)
August 13, 2007... LNG imports into the US soared last week, hitting what was likely a record of 3.9 billion cubic feet of gas per day on Thursday. All five US terminals were in operation, several at or near maximum volumes, according to a survey by Tudor...

Small sage grouse looms large over Western natgas development.
August 13, 2007... On their way to the Pacific, Lewis and Clark first described the sage grouse in 1804, and it's been a roller coaster ride since for the small bird, nearly hunted to extinction in the 1800s. Oddly, it's been something of an economic barometer,...

Equity margin, redemption calls seen spilling into oil, gas futures.
August 13, 2007... As equities markets melt down amid turmoil in the subprime mortgage industry, energy futures--including natural gas--aren't immune from the heavy selling that has engulfed the markets in the last week. "Fund managers in general are...

Critics: house lays an egg with new energy bill; fate uncertain.
August 13, 2007... Last weekend, the House of Representatives passed omnibus energy legislation that earned the ire of industry and the White House, both of them seeing it as a flat-out failure. The bills, HR 3221 and HR 2776, were coupled and dubbed the New...

Late news...
August 13, 2007... Project approved: The state of Massachusetts has given the green light to Suez LNG to begin construction of the buoy system and pipeline connection for its Neptune project. The Neptune project is an offshore LNG receiving system that will be...

Colorado in multi-front battle against unwanted gas drilling.
August 13, 2007... Colorado has positioned itself as a stronghold in the fight for energy development in the West. The state has pushed for equal footing with the feds on land use plans, and has blasted the Bureau of Land Management (BLM) and the Department of...

Forecasters expecting tropics to sizzle by late August, September.
August 13, 2007... The 2007 Atlantic hurricane season continues to be very tranquil heading into the normal heart of the tropical activity. And while somewhat cooler Atlantic water temperatures and storm-stifling African dust and air have lead most meteorologists...

Spectra Energy Partners seeing clear sailing ahead as new MLP.
August 13, 2007... "We see a lot of opportunities out there." With that, Greg Harper, president and chief executive of Spectra Energy Partners, summed up the future for the master limited partnership (MLP). Spectra Energy Partners, the newly formed MLP...

Pipeline capacity utilization.
August 13, 2007... PIPELINE CAPACITY UTILIZATION Location FlowDate Flow Aug. (2007) Aug. (2006) Month-to-Date Month-to-Date Transco 8/7/2007 1,630,446 1,609,954 1,530,304 Zone 6 NY Niagara ...

French nuke know-how crossing the Atlantic.(CURRENT)
August 13, 2007... Some Americans were bad-mouthing the French a few years back, but they may soon be eating their words, along with a side of "Freedom Fries," as France's expertise and commitment to nuclear power may very well help keep the lights on in North...

Ercot Flirts with peak demand record.(CURRENT)
August 13, 2007... As utilities and grid operators along the East Coast implored their customers last week to conserve electricity use, Texas saw a gradual return to its traditional swelterfest. Despite blazing heat recently in the East and Southeast--abated...

Spot electricity trading: Trasing Dates: August 6-August 10, 2007.(CURRENT)
August 13, 2007... SPOT ELECTRICITY TRADING Trading Dates August 6-August 10, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX)(HENRY HUB) Avg. Avg. Price Price This Last Year Month...

Comparative fuel prices: (cash market) August 13, 2007.(CURRENT)
August 13, 2007... COMPARATIVE FUEL PRICES (Cash Market) August 13, 2007 APPALACHIA Appalachian Pool Oho/Big Dlvd Sandy ((Uil) River Coal ...

Palin extends pipeline deadline; El Paso, Chinese being courted.(Regional Market Roundup)
August 13, 2007... Alaska Gov. Sarah Palin has extended by two months the application deadline for companies interested in building a natural gas pipeline from the North Slope to markets in Canada and the lower 48. Companies now have until Nov. 30 to submit...

Baker Hughes rig count.(Regional Market Roundup)
August 13, 2007... [ILLUSTRATION OMITTED] BAKER HUGHES RIG COUNT Week Ended Aug. 10 Rotary Rigs Current Week Previous Week Year Ago Total US 1,798 1,781 1,728 Land ...

Gas price trends.(Regional Market Roundup)
August 13, 2007... GAS PRICE TREDS ($/MMBtu) CALIFORNIA ROCKY NEW TEXAS MTNS MEXICO Gulf Gulf Coast Coast ...

Outlook worsening for Canadian producers, but declines checked.(Canadian Markets)
August 13, 2007... Canadian natural gas producers had a great year in 2005, when hurricane-related interruptions took as much as 10 billion cubic feet of gas per day out of the market and boosted the annual Aeco Hub natural gas price to US$8.73. Then came...

Venezuela floating LNG terminal project serving Argentine market.(World Roundup)
August 13, 2007... Venezuela may help build an LNG regasification terminal in Argentina, a project that could replace Venezuelan President Hugo Chavez's failed scheme to build a transcontinental gas pipeline network. The terminal would be a joint venture...

Canadian price report.(World Roundup)
August 13, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) --BRITISH COLUMBIA-- --ALBERTA-- Huntingdon/Kingsgate/ Total Sumas ...

Summer heat finally hits market as odd weather pattern persists.(World Roundup)
August 13, 2007... One of the more peculiar weather anomalies this year is that a warmer-than-usual winter, punctuated by extreme cold, has been followed by a cooler-than-normal summer, punctuated by extreme heat. With the US in the grip of an intense heat...

Gas price report.(World Roundup)
August 13, 2007... GAS PRICE REPORT ($/MMBtu--Spot) August 13, 2007 Interstate Intras Deliv Delivered Wellhead tate ered line To Utility Well To Pipe head CALIFORNIA South - - ...

Natural gas weekly spot prices.
August 20, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 8/14-8/20 Price Point $/MMBtu Chg. High Low GULF COAST ANR SE 7.07 +0.64 7.36 6.81 Col. Gulf -Erath ...

Subprime turmoil may force oil, natural gas futures liquidations.
August 20, 2007... The implosion of the subprime mortgage markets and resulting credit crunch could increase volatility in oil and gas futures as financial institutions are forced to raise capital to make good on huge losses. "What we've seen so far is just...

Mulva hopeful Arctic pipes will come to ease gas supply concern.
August 20, 2007... The world's natural gas supply-demand balance is precarious as demand rises more quickly than producers can--or are allowed to--exploit the more than ample resources, says ConocoPhillips Chairman and Chief Executive Jim Mulva. "I believe...

Hurricane Dean Gulf entry still holds potential to rally natgas.
August 20, 2007... With Hurricane Dean's track still remaining uncertain at the end of last week, the weekend situation regarding natural gas prices is eerily similar to circumstances during the 2005 hurricane season, 2005 hurricane season, which sent natural gas...

FERC praises progress on Alaska gas line; MidAmerican to submit bid.
August 20, 2007... Backers of the long-dreamed Alaska gas pipeline project have been bolstered this month, not only by a decidedly more upbeat report on the project from the Federal Energy Regulatory Commission, but a new player--MidAmerica Energy Holdings--now...

Division sold.(Late news...)
August 20, 2007... Division sold: The Integrys Energy Group is sellingits oil and natural gas production division to El Paso in a $875 million cash deal that is expected to close by Sep. 30. Integrys said the deal with allow it to focus on its core utility and...

Rex pact.(Late news...)
August 20, 2007... Rex pact: Richmond, Virginia-based Dominion hassecured firm, long-term commitments to receive future natural gas supplies from the Rockies Express Pipeline (Rex), which is only partially completed, and deliver it to major natural gas markets in...

Rockies gas producers brace for changing rules in warming world.
August 20, 2007... In years past, participants at the largest Rocky Mountain natural gas conference have patted themselves on the back for making the Rockies the fast-growing gas producing region in North America. While Rockies producers are still pleased to...

Intrastate weekly spot prices.
August 20, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 8/14-8/20 Price Point $/MMBtu Chg. High Low Louisiana Intras -- -- -- -- Oklahoma Intras 6.49 +0.59 6.85 6.20 South Texas Intras 6.86 +0.70...

Prices and differentials for major hubs and selected city gates.
August 20, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES August 20, 2007 US$/MMBtu, Volume-Weighted SELECTED DAILY DIFFERENTIALS Differential 8/13 8/14 8/15 8/16 8/17 HH-NY +0.66 +0.72 +0.69...

Canadian PM outlines military projects to defend Arctic claims.
August 20, 2007... Canada has raised the stakes over its claim to thousands of miles of northern territory including the Northwest Passage. Prime Minister Stephen Harper dealt the latest hand recently with three military projects to bolster his nation's claim...

North american weekly gas storage.
August 20, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Aug. 10 Aug. 3 Weekly Year Region Week Week Change Ago US East 1573 1544 29...

EVA Sees moderate mid-term gas price, not-so-moderate Long-term.
August 20, 2007... Natural gas prices are expected to take it easy over the next three years but may be off to the races again after 2010, according to a report from Arlington, Virginia-based Energy Ventures Analysis (EVA). EVA's "FuelCast: 2007 Long-Term...

Natural gas futures.
August 20, 2007... NATURAL GAS FUTURES Trading Dates: August 13-August 17, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Last Volume September 2007 6.794 55,208 October 2007 ...

Weaver's Cove gets thrown new curve by Rhode Island officials.(Atlantic Basin LNG Update)
August 20, 2007... The beleaguered Weaver's Cove Energy LNG receiving terminal has gotten more bad news, this time from environmental officials from Rhode Island. The $250 million project is located on the eastern bank of the Taunton River. Though located in...

LNG netbacks to US & European terminals.(Atlantic Basin LNG Update)
August 20, 2007... LNG NETBACKS TO US & EUROPEAN TERMINALS August 2007 US$/MMBtu Trinidad Algeria Qatar Nigeria Oman US Lake Charles 5.36 5.05 4.31 4.89 4.40 Elba Island 6.07 5.82 5.07 5.61...

Prices for major Atlantic basin LNG hubs.(Atlantic Basin LNG Update)
August 20, 2007... *European gas prices are four-week spot averages from World Gas Intelligence. US gas prices are Natural Gas Week's volume-weighted composites from delivery first day of month through most current delivery date. New York Citygate is a weighted...

Pricey crude encouraging CTL synfuels projects.(CURRENT)
August 20, 2007... Even though the price of oil saw a bit of a plunge recently, it's still at such lofty levels that synfuels are emitting a seductive, sirens' song. If, as industry experts say, producing liquids from coal becomes more economic when oil...

TS Erin breaks texas-size heat wave.(CURRENT)
August 20, 2007... Texas' heat wave lasted a good week before giving way to Tropical Storm Erin and concerns about Hurricane Dean, but all-time demand records remained untouched, and prices crashed. Yet with day-ahead prices reaching the low $60s throughout...

TXU split ahead if shareholders reject alternative buyout plan.(CURRENT)
August 20, 2007... TXU has proposed an alternative plan to shareholders to win support for its $32 billion buyout, set for a vote Sep.7. If the proposed deal fails, the embattled, Dallas-based utility said it probably would split into three separate...

Carbon sequestration test set in Ohio.(CURRENT)
August 20, 2007... The holy grail of carbon capture, sequestration, may be in sight, with pilot scale testing scheduled at a coal-fired plant in Ohio early next year. Houston-based BP Alternative Energy and Powerspan of Portsmouth, New Hampshire, are...

Spot electricity trading.(CURRENT)
August 20, 2007... SPOT ELECTRICITY TRADING Trading Dates: August 13-August 17, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Canadian hydropower projects planned.(CURRENT)
August 20, 2007... While California is challenging the relicensing of a hydropower project at its border with Oregon, a Vancouverbased company is making progress in the regulatory applications for three hydropower projects in British Columbia--so perhaps when...

Morgan stanley enters carbon management.(CURRENT)
August 20, 2007... Morgan Stanley and Norwegian consultancy Det Norske Veritas have formed a partnership to advise companies in their efforts to manage their carbon profiles. Reuters said that Morgan Stanley said last year it would invest $3 billion in...

Comparative fuel prices.(CURRENT)
August 20, 2007... COMPARATIVE FUEL PRICES (Cash Market) August 20,2007 APPALACHIA Appalachian Pool Ohio/Big Dlvd (Util) Sandy River $7.36/MMBtu Coal ...

MMS: Drillers show confidence in deepwater Gulf gas prospects.(Regional Market Roundup)
August 20, 2007... A record number of drilling rigs are currently operating in the deepest waters of the Gulf of Mexico, suggesting a vote of confidence in the area's resource potential, according to a report released last week by the US Minerals Management...

Baker hughes rig count.(Regional Market Roundup)
August 20, 2007... [ILLUSTRATION OMITTED] BAKER HUGHES RIG COUNT Week Ended Aug. 17 Rotary Rigs Current Previous Year Week Week Ago Total US 1,795 1,798 ...

Gas price trends.(Regional Market Roundup)
August 20, 2007... GAS PRICE TRENDS ($/MMBtu) CALIFORNIA ROCKY MTNS NEW MEXICO South North Aug 20, 2007 Inter (well) -- -- 3.34 6.05 Intra (well) ...

British Columbia LNG projects adding gas-fired plants to mix.(Canadian Markets)
August 20, 2007... The drive to supply LNG to the North American West Coast appears to be sagging, with the recent defeat of BHP Billiton's Cabrillo Port proposal in California, ongoing uncertainty over supply to Sempra's Costa Azul terminal in Mexico, and...