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BP plc and partner BHP Billiton Ltd. Tuesday began exporting oil and natural gas from their long-delayed Atlantis project in the deepwater Gulf of Mexico (GOM).
After recording a high of $7.550 earlier in the session Friday, March natural gas futures took a plunge late in the session on a run of selling, recording a low of $6.900 before going off the board at $7.112, down 34.6 cents on the day and 7 cents lower than the previous Friday's close. Taking over as prompt month over the weekend, the April contract on Friday closed 23 cents lower at $7.313.
The Conference on Death, Grief and Belief
U.S. Rep. Diana DeGette (D-CO) plans to reintroduce a broad wilderness bill next week that would bar oil and natural gas drilling on a large portion of the Roan Plateau in western Colorado.
Natural gas still stands out as Alberta's revenue star, but the provincial government expects it to fade gradually despite royalty increases as aging production naturally subsides and sales competition grows in international markets.