May 9, 2021
The U.S. Coast Guard in coordination with federal, State and local agencies have established a ‘Safety and Security Zone’ for the Cove Point Liquefied Natural Gas Terminal, Chesapeake Bay, Maryland.
This exclusion zone is necessary to help ensure public safety and security. The zone prohibits vessels and persons from entering a well-defined area of 500 yards in all directions around the Cove Point LNG Terminal at Cove Point.
The safety and security zone excludes recreational vessels, fishing vessels, or other small craft and unauthorized vessels from areas around docked ships at the terminal, extending piers, and nearby shoreline. The exclusion zones are well-marked with signs on surrounding piers, buoys and other structures visible day and night.
Freeze-offs contribute to lower natural gas production, higher natural gas prices
In the wake of record-low temperatures affecting most of the country, dry natural gas production in the United States fell by 21.0 billion cubic feet per day (Bcf/d), declining from 90.7 Bcf/d on February 8 to about 69.7 Bcf/d on February 17, according to data from IHS Markit. The decline in natural gas production is primarily because of freeze-offs, which occur when water and other liquids found in produced raw natural gas freeze at the wellhead and/or potentially in natural gas gathering lines near production activities, resulting in flow blockage. A large portion of the decrease in natural gas production was from declines in Texas, which fell over 10 Bcf/d during the February 8–17 period. Unlike natural gas production infrastructure in northern areas of the country where below-freezing temperatures are more common and infrastructure is generally winterized, wellheads, gathering lines, and even pr
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RICHMOND, Va., May 4, 2021 /PRNewswire/ Dominion Energy (NYSE: D) today announced an unaudited net income determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended March 31, 2021, of $1.0 billion ($1.23 per share) compared with a net loss of $270 million ($0.34 per share) for the same period in 2020.
Operating earnings for the three months ended March 31, 2021, were $893 million ($1.09 per share), compared with operating earnings of $788 million ($0.92 per share) for the same period in 2020.
The difference between GAAP and operating earnings for the three months ended March 31, 2021, was primarily attributable to a net benefit associated with nuclear decommissioning trusts and economic hedging activities and other charges.
Dominion Energy reports $1bn in Q1 earnings
May 4, 2021 1:42:pm
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by: Daniel Graeber
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Dominion Energy reports $1bn in Q1 earnings
US utility Dominion Energy said May 4 that its reported earnings of $1bn during the first quarter marked a stark reversal from losses one year ago.
Dominion reported a net loss of $270mn during Q1 2020. Operating earnings for the three months ending March 31 this year were $898mn, compared with $788mn during the same period last year.
Most of the company’s revenue is derived from its utility operations in Virginia. The company plays another role as an LNG exporter, sending cargoes from the Cove Point facility in Maryland.