Natural Gas Week articles from December 2007

Natural Gas Week archives from December 2007

Natural gas weekly spot prices.
December 3, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 11/27-12/3 Avg. Avg. Dec. Price Daily Daily Bid Point $/MMBtu Chg. High...

Conoco submits alternative gas line bid; extends palin olive branch.
December 3, 2007... ConocoPhillips submitted an application to the state of Alaska late Thursday for a $30 billion pipeline project to deliver the North Slope's massive natural gas reserves to the energy-hungry lower 48. The project calls for a pipeline...

New Gulf terminals could double LNG send-out in 2008, if supplied.
December 3, 2007... Five operating LNG import terminals serve the US lower 48 market today. But with the addition of a number of government- approved Gulf Coast terminals, including three expected to begin operations in 2008, that number could climb in just a few...

November ends with glut of gas storage unmatched since bubble.
December 3, 2007... The month of November came to an end with traders still eying well over 3.5 trillion cubic feet of gas in storage, a situation not seen since 1990. With oil prices backing off, and the winter forecasts calling for relative warmth from...

El paso takes 50% interest in Mississippi-based LNG project.
December 3, 2007... The announcement last week that El Paso has acquired a 50% stake in the Gulf LNG Clean Energy Project has boosted confidence that the planned LNG terminal in Pascagoula, Mississippi, will move forward. Some LNG market watchers had believed that...

Land acquired.(Late news...)
December 3, 2007... Land acquired: GeoPetro Resources has acquired 4,480 acres of undeveloped land on a high-impact oil and natural gas prospect in the Swan Hills-Whitecourt area of northwestern Alberta. The company did not release financial details or who the...

Leases sought.(Late news...)
December 3, 2007... Leases sought: Canadian Tajzha Ventures has signaled its intention to acquire the participation rights to five oil and natural gas exploration blocks in federal waters in the Gulf of Mexico. The exploration blocks are located offshore Texas,...

Enterprise partners enters venture with Apache Nation in San Juan.
December 3, 2007... The US Department of the Interior must give the OK for a plan that would see the development of partnership between Enterprise Products Partners and the Jicarilla Apache Nation that could open the flow of natural gas from a portion of the San...

Intrastate weekly spot prices.
December 3, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 11/27-12/3 Avg. Avg. Dec. Price Daily Daily Bid Point $/MMBtu Chg. High...

Timely draft EIS puts Rex-East back on track for 2009 completion.
December 3, 2007... Rockies Express East pipeline earned a supportive draft environmental impact statement (EIS) this past week from the Federal Energy Regulatory Commission, which looked at dozens of potential environmental effects along the pipeline's proposed...

Prices and differentials for major hubs and selected city gates.
December 3, 2007... SELECTED DAILY DIFFERENTIALS Differential 11/26 11/27 11/28 11/29 11/30 HH-NY +0.80 +0.82 +0.94 +1.81 +2.24 HH-Chicago +0.11 +0.20 +0.24 +0.18 +0.24 AECO-CHIC +0.68 +1.19 +0.99 +1.29 +1.04 AECO-PG&E...

US supreme court hears border dispute affecting crown landing.
December 3, 2007... The US Supreme Court heard introductory arguments from state attorneys Tuesday over a land dispute blocking construction of a proposed LNG terminal planned along the New Jersey side of the Delaware River. The land proposal for the BP-owned...

Composite spot wellhead price.
December 3, 2007... COMPOSITE SPOT WELLHEAD PRICE January 2003 to Present ($/MMBtu) Year Jan. Feb. Mar. Apr. May Jun. Jul. 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 2005 6.05 5.99...

Survey: energy industry remains prime, growing lawsuit target.
December 3, 2007... Apparently, the US energy industry has a big "sue me" sign pasted on its back, and according to a recent survey by a major legal firm, that sign is getting larger by the day. In its annual US Litigation Trends survey, the law firm of...

Natural gas futures.
December 3, 2007... NATURAL GAS FUTURES Trading Dates: November 26 - November 30, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Last Volume Last Volume December...

Tetra technologies finding gold in abandoned gulf platforms, rigs.
December 3, 2007... There are about 4,000 structures in the Gulf of Mexico that run the gamut from production platforms of all shapes and sizes to drilling rigs--which also come in all shapes and sizes. The one thing they have in common is a finite lifespan...

North American weekly gas storage.
December 3, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Nov. Nov. 23 16 Weekly Year Year.Ago 5-year 5-year Region Week Week Change Ago Change Average Change US East...

Natural gas bidweek prices.
December 3, 2007... NATURAL GAS BIDWEEK PRICES Flow Dates: 12/1-12/31 December Chg. Prev. Price Avg. from Bid- Point $/MMBtu Prev. High...

Production, market prices boost El Paso's third quarter earnings.(Financial report)
December 3, 2007... El Paso posted a 16% rise in third-quarter profit, boosted by higher natural gas output and prices. The natural gas producer and pipeline company posted one of the better returns during the latest quarterly earnings reports. Net income...

Ngw's monthly weighted averages.
December 3, 2007... NGW'S MONTHLY WEIGHTED AVERAGES $/MMBtu Price Point Nov-07 Oct-07 Sep-07 Aug-07 Jul-07 Gulf Coast ANR SE 7.01 6.59 5.89 6.28 6.22 Col. Gulf - Erath 6.93 6.63 ...

Nuclear resurgence on roll with fourth filing.(CURRENT)
December 3, 2007... Just as nuclear experts at a leadership forum in Houston last week bemoaned utilities' apparent reluctance to jump into the so-called "nuclear renaissance," one utility--Richmond, Virginia-based Dominion--jumped into the fray. Its combined...

US, Euro coal kings partners in project to capture CO2 emissions.(CURRENT)
December 3, 2007... German power producer RWE AG has announced a collaboration with Alstom and Columbus-based American Electric Power (AEP) for a commercial-scale application of carbon capture and storage technology on an existing AEP coal-fired plant in West...

Spot electricity trading.(CURRENT)
December 3, 2007... SPOT ELECTRICITY TRADING Trading Dates: November 26-November 30, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Comparative fuel prices.(CURRENT)
December 3, 2007... COMPARATIVE FUEL PRICESAPPALACHIA (Cash Market) December 3, 2007 Appalachian Pool Ohio/Big Sandy River Coal Dlvd (Util) $54.60/ton $7.87/Btu ...

Sparrows point fighting actions blocking the Maryland LNG project.(Regional Market Roundup)
December 3, 2007... Following recent passage of a Maryland law blocking LNG projects within 100 miles of the Chesapeake Bay, project leaders for a terminal planned within newly-restricted territory are challenging the state's actions in both federal and county...

Baker hughes Rig count.(Regional Market Roundup)
December 3, 2007... BAKER HUGHES RIG COUNT Week Ended Nov. 30 Rotary Rigs Current Previous Year Week Week Ago Total US 1,823 1,773 1,717 Land ...

Gas price trends.(Regional Market Roundup)
December 3, 2007... GAS PRICE TRENDS ($/MMBtu) ROCKY NEW CALIFORNIA MTNS MEXICO South North Dec 3, 2007 Inter (well) - ...

CNR cuts Canadian capex budget citing Alberta royalties changes.(Canadin Markets)
December 3, 2007... Canadian Natural Resources--by far one of the most vocal critics of Alberta's new royalty regime--has made good on its promise to slash its spending in the province with the announcement last week of a 33% reduction in capital expenditures next...

Gazprom, Dow study partnership plans despite European concerns.(World Roundup)
December 3, 2007... Gazprom's petro chemical division, Sibur Holding has signed a memorandum of understanding to set up a joint venture with Midland, Michigan-based Dow Chemicals. The deal would give Gazprom access to new petrochemical facilities set up by Dow in...

Canadian price report.(World Roundup)
December 3, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA Huntingdon/ Kingsgate/ Total Sumas ...

The Energy Intelligence Top 100: ranking the world's oil companies, 2008.
December 3, 2007... Available December 21, 2007! Recognized as the leading source of comparative assessments of oil company performance, The Energy Intelligence Top 100 provides a detailed performance picture of the world's leading energy companies. It allows...

NHC name game to blame, not tropics, for active storm season.
December 3, 2007... As the book was being closed Friday on the 2007 Atlantic Basin hurricane season, its 14 named storms might imply that it had lived up to its early billing. But before the hype starts next year about another surge of above-average tropical...

Natural gas weekly spot prices.
December 10, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 12/4-12/10 Price Point $/MMBtu Chg. High Low GULF COAST ANR SE 7.09 -0.27 7.37 6.96 Col. Gulf - Erath 7.10 -0.27 7.33 6.96...

Alaska receives five applications for Natural gas pipeline project.
December 10, 2007... Alaska Gov. Sarah Palin last week unveiled the names of five companies interested in building a natural gas pipeline to transport the North Slope's massive natural gas reserves to market--a smaller number of applicants than had generally been...

Senate panel passes climate bill; features cap-and-trade system.
December 10, 2007... The Senate Environment and Public Works Committee approved climate change legislation last Thursday that, if implemented, would restrict fossil fuel emissions from energy facilities, including natural gas compressor stations. The bill,...

NatGas Market Outlook Somber Amid Bearish Weather, Storage.
December 10, 2007... Abundant gas storage, warmer-than-normal weather forecasts, and expectations for new supply early next year conspired last week to take the steam out of the natural gas market. While the direction of crude oil could be the wildcard to influence...

ConocoPhillips CEO pitches Alaska natural gas project on Capitol Hill.(Interview)
December 10, 2007... ConocoPhillips Alaska chief executive Jim Bowles was in Washington, DC, this week to meet with federal officials about the company's efforts to deliver North Slope natural gas to the energy-hungry Midwest. The Houston-based company's proposal...

Ruling issued.(Late news ...)
December 10, 2007... Ruling issued: A federal judge in Idaho has ruled that the US Fish and Wildlife Service was in error in January 2005 when the agency did not list the Greater Sage Grouse as an threatened or endangered species. Chief US District Judge Lynn...

Storm warning.(Late news ...)
December 10, 2007... Storm warning: Six months before the start of the 2008 Atlantic hurricane season, forecaster William Gray said Friday his team's forecast model calls for a total of 13 named storms--seven of which will become hurricanes, three of them major,...

Intrastate weekly spot prices.
December 10, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 12/4-12/10 Avg. Avg. Dec. Daily Daily Bid Price Point $/MMBtu Chg....

Energy bill clears house, awaiting action from Senate, President Bush.
December 10, 2007... The US House of Representatives approved an energy bill last Thursday that could eliminate current tax incentives for the oil and gas industry in order to fund over $20 billion for renewable energy development. Faced with a White House veto...

Prices and differentials for major hubs and selected city gates.
December 10, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES December 10, 2007 US$/MMBtu, Volume-Weighted SELECTED DAILY DIFFERENTIALS Differential 12/3 12/4 12/5 12/6 12/7 HH-NY +6.69 +8.88 +7.23...

El Paso, Williams unveil plans for separate Natgas pipeline projects.
December 10, 2007... Natural gas markets in the northeast and Pacific North-west were the targets for two separate pipeline projects by the Williams Co. and El Paso, announced last week as their developers filed applications with the Federal Energy Regulatory...

North American weekly gas storage.
December 10, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Nov. 30 Nov. 23 Weekly Year Region Week Week Change Ago US East 1932 1977 -45 1945 West ...

Houston company helping speed information flow in energy search.
December 10, 2007... In the information age, time equals efficiency, which equals money. And it's no different with the drilling industry. Anything that makes the drilling of natural gas or oil wells more efficient while at the same time keeping them less risky...

Natural gas futures.
December 10, 2007... NATURAL GAS FUTURES Trading Dates: December 3-December 7, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume ...

Pipeline capacity utilization.
December 10, 2007... PIPELINE CAPACITY UTILIZATION Location FlowDate Flow Dec. (2007) Dec. (2006) Month-to-Date Month-to-Date Transco Zone 6 12/5/2007 1,909,829 1,837,922 1,705,221...

Nukes in Alberta may be too much, too soon?(CURRENT)
December 10, 2007... Too much, too late, may be the catchphrase for nuclear power in Alberta. Although a nuclear project stalled of late in the oil sands may get a jump start, since an experienced nuclear operator in Ontario agreed to take it over, it may be built...

Rhode Island to harness Atlantic's power.(CURRENT)
December 10, 2007... Some state nicknames have long outlived their usefulness, or are at best, quaint: The Beehive State? The Cowboy State? But thanks to some new technology and a forward-thinking gubernatorial staff, the nation's tiniest state may very well live...

Pineapple express wreaks havoc throughout the Pacific Northwest.(CURRENT)
December 10, 2007... The monsoon that swept the Pacific Northwest last week created record rainfalls and the third-highest hydropower reservoir levels in recorded history. The "pineapple express" dumped 15 inches of rain on the Oregon coast and western...

Panda to Spawn NatGas plant in Temple.(CURRENT)
December 10, 2007... Dallas-based Panda Energy last week announced plans for a 1,000-megawatt combined-cycle, natural gas power plant in Temple, Texas. The Panda Temple Generating Station will be sited near Interstate state 35; according to the company. Nearly...

Reactor contractor fined for DOE violations.(CURRENT)
December 10, 2007... On the eve of the so-called nuclear renaissance, the US Department of Energy (DOE) last week notified Battelle Energy Alliance (BEA) that it will fine the company $123,750 for nuclear safety violations. BEA is the DOE Idaho Operations Office's...

Spot electricity trading.(CURRENT)
December 10, 2007... SPOT ELECTRICITY TRADING Trading Dates: December 3-December 7, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Comparative fuel prices.(CURRENT)
December 10, 2007... COMPARATIVE FUEL PRICES (Cush Market) December 10, 2007 APPALACHIA Appalachian Pool Ohio/Big Sandy River Coal Dlvd (Util) $53.00/ton $7.56/Btu ...

Wyoming tops the list in receiving royalty money handout from feds.(Regional Market Roundup)
December 10, 2007... Wyoming topped the list as the US Interior Department's Management Service presented $1.97 billion to 34 states as their share of revenues from private oil, gas and minerals production on federal lands for 2007. According to the MMS, Wyoming...

BAKER HUGHES RIG COUNT.
December 10, 2007... BAKER HUGHES RIG COUNT Week Ended Dec. 7 Rotary Rigs Current Previous Year Week Week Ago Total US 1,828 1,823 1,724 Land ...

Gas price trends.(Regional Market Roundup)
December 10, 2007... GAS PRICE TRENDS ($/MMBtu) ROCKY NEW CALIFORNIA MTNS MEXICO South North Dec 10, 2007 Inter (well) -- -- 5.41 6.19...

Power for oil sands projects might be from Nukes, NatGas.(Canadian Markets)
December 10, 2007... Alberta's massive oil sands production and upgrading facilities require enormous quantities of electricity to power the giant shovels and other equipment and generate steam and hydrogen for converting the bitumen-sand mixture into synthetic...

Drilling started for the final segment Of Victory project off Trinidad coast.(World Roundup)
December 10, 2007... Canadian Superior Energy and Challenger Energy said last week that drilling operations are in progress in the final section of the Victory well off the coast of Trinidad. This final section is scheduled to be drilled to a total depth of...

Apache makes NatGas discovery in Desert.(World Roundup)
December 10, 2007... Apache reported last week that its Jade-4 well in Egypt's Western Desert had test-flowed 23.8 million cubic feet of natural gas and 2,107 barrels of condensate per day. Apache President and Chief Executive G. Steven Farris said the Jade-4...

Canadian price report.(World Roundup)
December 10, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA Huntingdon/ Kingsgate/ Total Sumas ...

Test of NatGas derived jet fuel may open wider commercial market.
December 10, 2007... The Air Force is about to go supersonic with its efforts to use natural gas as a feedstock for alternative jet fuels created by the Fischer-Tropsch process. Secretary of the Air Force Michael Wynne was the special visitor to a program...

Natural gas weekly spot prices.
December 17, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 12/11-12/17 Price Point $/MMBtu Chg. High Low GULF COAST ANR SE 7.14 +0.04 7.66 6.96 Col. Gulf-Erath 7.11 +0.01 7.47...

Exxon prepares for next LNG wave with plan for N.J. regas terminal.
December 17, 2007... Exxon Mobil intends for start-up of its proposed BlueOcean Energy floating LNG regasification plant for offshore New Jersey to coincide with the start-up of the next round of Atlantic Basin LNG production projects in the second half of the next...

FERC makes good on '07 market enforcement; More coming in '08.
December 17, 2007... When it comes to enforcement and prevention of manipulative trading activity in the US natural gas market, 2007 was a busy year for the Federal Energy Regulatory Commission. With major cases currently under way, the agency has shown that it...

Natgas traders leaning bearish, but wary of major short squeeze.
December 17, 2007... With forecasts for a warmer-than-normal winter and gas storage stuck at record levels, it's hard to paint a more bearish scenario for the gas market. But, speculators have built a historically large short position, which may yet produce a...

Senate adopts barebones energy bill; $21.8 bil tax package tossed.
December 17, 2007... The Senate last week passed a stripped-down version of the energy bill that would boost automobile fuel efficiency nearly 40% and a nearly sixfold increase in the use of ethanol as a motor fuel. Senate Democrats fell one vote short of...

Warning issued.(Late news ...)
December 17, 2007... Warning issued: Alaska's two US senators said they feel Congress will block any attempt to export North Shore natural gas to Asia rather than to markets in the lower 48. Sens. Ted Stevens and Lisa Murkowski issued what many considered a warning...

Pipeline bought.(Late news ...)
December 17, 2007... Pipeline bought: Spectra Energy Partners is buying Virginia-based Saltville Gas Storage and a pipeline from subsidiaries of Spectra Energy in a deal valued at $107 million. The Houston-based partnership will pay for the acquisitions through...

New pipeline projects targeting major eastern, western markets.
December 17, 2007... 'Tis the holiday season and also that time of year for announcing new pipeline projects, with the curtain being lifted on four in the last two weeks. Last week, Tennessee Gas Pipeline and Equitable Resources said they are joining forces to...

Intrastate weekly spot prices.
December 17, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 12/11-12/17 Price Avg Avg Dec. Point $/MMBtu Chg. High Low Daily Daily Bid ...

Peaking or plateauing, global gas supplies will be very tight.
December 17, 2007... Geology, logistics, production history and economics suggest that gas output, like global oil output, could plateau, if not peak, sometime between 2010 and 2025, writes British environmentalist Julian Darley in High Noon for Natural Gas: The...

Prices and differentials for major hubs and selected city gates.
December 17, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES December 17, 2007 US$/MMBtu, Volume-Weighted SELECTED DAILY DIFFERENTIALS Differential 12/10 12/11 12/12 12/13 12/14 HH-NY +5.13 +2.95 +8.49...

NuCoastal's Wyatt prepared for prison; pleaded 'to stop bleeding'.
December 17, 2007... A visitor to the offices of NuCoastal would get no clue from observing the actions of the Houston-based company's employees that anything out of the ordinary might be in the works. Executives and staff appear to be continuing with the normal...

North American weekly gas storage.
December 17, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Region Dec. 7 Nov.30 Weekly Year Yr. Ago 5-year 5-year US Week Week Change Ago Change Average Change East 1831 1932...

Natural gas futures.
December 17, 2007... Monday Tuesday Wednesday Last Volume Last Volume Last Volume January 2008 7.142 32,358 7.085 58,747 7.408 68,956 February 2008 7.154 5,378 7.183 25,917...

Shell executives bullish about Asia-Pacific LNG market growth.(LNG Update)
December 17, 2007... The Asia-Pacific LNG market will grow by 10% a year over the next decade, driven by traditional buyers such as Japan and South Korea, as well as new markets like India and China, according to a senior Royal Dutch Shell executive. This is...

PriceS for major Atlantic Basin LNG hubs.(LNG Update)
December 17, 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...

What do you give a state that has everything.(CURRENT)
December 17, 2007... What the California grid wants this holiday season would in no way fit in its stocking. Where to begin? First off, a lot of really green power. And then, just as all good holiday toys need batteries, batteries to store that power might be...

PSE buys NatGas peaker; seeks more MW.(CURRENT)
December 17, 2007... Bellevue, Washington's Puget Sound Energy (PSE) will buy a 125-MW natural gas-fueled plant from Sumas Cogeneration Company in order to meet its growing native load. The combined-cycle cogen plant, located in Sumas, Washington, is "a good...

French nuke reactor king files with NRC for EPR certification.(CURRENT)
December 17, 2007... French nuke giant Areva filed an application with the US Nuclear Regulatory Commission to certify its US Evolutionary Power Reactor (EPR) design. While the feds are not expected to certify the design for another couple of years, the...

Exchange to promote two kinds of green.(CURRENT)
December 17, 2007... The Nymex and Evolution Markets, a New York-based emissions broker, are launching a trading platform for environmental commodities, such as global carbon credits and allowances, US emissions allowances and renewable energy credits. The...

Spot electricity trading.(CURRENT)
December 17, 2007... SPOT ELECTRICITY TRADING Trading Dates: December 10-December 14, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Midwest co-ops locking in wind power.(CURRENT)
December 17, 2007... Great River Energy, based in Elk River, Minnesota, has signed a power purchase agreement with Portland, Oregon-based PPM Energy to buy wind power from the Elm Creek Wind Farm. Construction is expected to begin in the fall of 2008 on the...