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Editorial: Energy and Privilege
Energy policy is stuck in a developing constitutional showdown between the US Congress and the administration of President George W. Bush.
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Interest wanes in California pipeline projects with slide of natural gas prices
When natural gas prices spiked to more than $60/Mcf in California last winter, pipeline companies rushed to fill a perceived capacity shortage. More than 1 bcfd of new capacity was announced.
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California entity expects green initiatives to drastically reduce gas use
The state-funded California Power Authority said that by 2006, energy efficiency programs and renewable energy projects could reduce the state's electric utility natural gas consumption costs by $10-15 billion.
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Global opportunities exist for independents that manage risk
There are "many opportunities in the world" for international independent operators to find large oil and natural gas reserves if they manage risks, said industry analysts and executives Jan. 29 at the opening of the 10th annual North American Prospects Expo in Houston.
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Watching Government: A closer option
Policy-makers told US oil companies at a Jan. 25 conference in Washington, DC, that within a generation Africa may supplant the Middle East as the US's most critically strategic energy supplier.
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US operators, Coast Guard discuss security issues
The Offshore Operators Committee (OOC) is working with the US Coast Guard, commercial fishermen, and other industry groups to improve antiterrorist security for oil and gas operations in the Gulf of Mexico and other US waters.
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Energy groups urge Homeland Security to streamline security bureaucracy
Five energy trade associations have urged White House Office of Homeland Security Director Tom Ridge to consolidate responsibility for energy infrastructure security within one government agency as opposed to multiple federal agencies handling it.
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Watching The World: Drilling on the stock exchange
Europe is currently seeing the re-emergence of stock exchange prospectors who see it more economic to acquire producing assets rather than step up their own exploration programs. In the 1980s, Britain's small exploration companies were snapped up, and now those that are left, such as Enterprise Oil PLC, are rumored to be takeover targets.
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Enron: legislators, investors weigh effects on market
Sen. Jeff Bingaman (D-NM), Bush administration officials, and chief financial leaders said last week that Enron Corp.'s collapse does not mean competitive energy markets have failed.
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Energy industry awaits ripple effects of Enron bankruptcy
Repercussions for the energy industry from the Enron Corp. debacle are bound to be numerous and complex for years to come. One immediate result is fewer opportunities for exploration and production companies to arrange long-term commodity price risk hedges.
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Enron interim CEO named; EOTT on credit watch
The beleaguered Enron Corp. has named an interim CEO and chief restructuring officer within days of Kenneth Lay's Jan. 24 resignation, and EOTT Energy Partners LP reported credit-related problems stemming from the financial woes of its former parent.
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Company News: PanCanadian, AEC to form EnCana in 'merger of equals'
Canadian independent oil and gas companies PanCanadian Energy Corp. and Alberta Energy Co. Ltd. (AEC) announced plans for a "merger of equals" that would form a company worth $27 billion (Can.).
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Personnel Moves and Promotions: Integrated firms promote division executives
Integrated energy firms Dynegy Inc., Houston, and KeySpan Corp., New York, have recently announced executive-level promotions.
