Page 16 - Intelligence Press News Today

Newark-based Public Service Enterprise Group (PSEG) has made a series of management and organizational changes, including the naming of new presidents for four businesses: PSEG Energy Holdings, PSEG Global, PSEG Energy Resources & Trade and PSEG Services. The company also is restaffing positions that went unfilled in anticipation of its merger with Exelon, now aborted.

A Railroad Commission of Texas (RRC) investigation has found a unit of Enterprise Products Partners LP as well as C&H Power Line Construction of Oklahoma to be at fault for a June 7 pipeline explosion and fire in the Barnett Shale of North Texas that killed one worker and injured eight.

After breaking above the $13/MMBtu price level on Tuesday, July natural gas futures continued to explore the upside throughout Wednesday. The prompt-month contract climbed an astounding 25.8 cents to finish Wednesday's regular session at $13.210, backed by low storage injection expectations for the week ended June 13, a $2.67/bbl bump in July crude futures due to Nigerian strike fears and a "couple of distinct waves" traveling in the tropical Atlantic and the Caribbean.

Carolyn Davis, Author at Natural Gas Intelligence

Ozark Gas Transmission LLC, an affiliate of Tulsa, OK-based Atlas Pipeline Mid-Continent LLC, is proposing to build a new pipeline to transport natural gas from the developing Fayetteville Shale area in Arkansas.

The California Energy Commission (CEC) is moving ahead with considering a new 300 MW natural gas-fired peaking generation plant adjacent to an existing 600 MW baseload gas-fired plant in Otay Mesa, south of San Diego near the international border. Pio Pico Energy Center is indicative of a move away from the coastal power plant locations in the state and use of sea water for cooling, which is now being phased out. Pio Pico is a revised project on a new site following the withdrawal of an earlier ...

While storm forecasters across the country on Wednesday were talking up the potential development of what would be Tropical Storm Jerry making a Gulf of Mexico appearance on Thursday, natural gas futures traders weren't battling for the buy button just yet. As of 2 p.m. EDT, the October contract was trading at the day's low of $6.200, down 36.8 cents from Tuesday.

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Standard & Poor's Ratings Services (S&P) on Tuesday gave the Sabine Pass facility to export liquefied natural gas (LNG) a strong credit rating and stable outlook, citing its ties to investment-grade companies.

Cabot Oil & Gas Corp. officials last week came out swinging against "facts and inferences made in wire and published reports," which claim that several toxic chemicals recently had been found in water samples taken near the company's natural gas drilling operations in the Dimock Township area in Susquehanna County, PA.