Page 11 - Intelligence Press News Today

In light of the decline in publicly traded companies with substantial pipeline assets and the rise in master limited partnerships (MLP) in the pipe sector, FERC Thursday issued a draft policy statement that would allow the use of MLPs in proxy groups to determine oil and natural gas pipelines' returns on equity (ROE) for ratemaking purposes.

Phase I of Iroquois Gas Transmission System LP's 08/09 Expansion -- a 1.6-mile pipeline loop in Newtown, CT -- began flowing gas on Nov. 14. The three-phase 08/09 Expansion will allow Iroquois to receive an additional 200 MMcf/d at its interconnect with Algonquin Pipeline in Brookfield, CT, and deliver the volumes to National Grid's KeySpan system at South Commack in Long Island. Iroquois will act as a middleman between Algonquin and KeySpan. Algonquin has entered into a precedent agre...

Gordon Jaremko, Author at Natural Gas Intelligence - Page 11 of 118

Physical gas for weekend and Monday delivery was mostly flat in Friday's trading with modest gains posted in the Rockies and Midcontinent. However, the real story could be found in the northeast, where large drops were recoreded for a second straight trading day.

New Mexico Environmental Law Center attorneys have gone to the state's appeals court seeking to overturn a decision by appointees of Gov. Susana Martinez to roll back a climate change law opposed by the oil/gas industry. The law was passed two years ago in a Democratic administration before Martinez, a Republican, took office.

Houston-based operators Contango Oil & Gas Co. and Crimson Exploration Inc. have agreed to merge in an all-stock transaction that would create a company with prospects in the Gulf of Mexico's (GOM) shallow water, as well as unconventional acreage in the United States and Canada.

A seven-year civil war in the Alberta energy industry ended with a provincial decision that affirms that natural gas producers must give up 917 gas wells capable of producing 120 MMcf/d because the wells threaten future oilsands development.

Calgary-based AltaGas Ltd. and Japan's Idemitsu Kosan Co. Ltd. have formed a joint venture to pursue deals to export liquefied Canadian gas to Asian markets, including the development of natural gas liquefaction facilities.

Hope that 11 missing crew members from drilling rig Deepwater Horizon would be found had mostly faded by Friday morning although rescuers continued to search. While some feared an environmental catastrophe, oil sheen on the Gulf of Mexico appeared to be from the explosion and not a leaking well, officials said.

Saying it was mostly expected as a one-quarter bump in the financial results this year, Minneapolis-based Xcel Energy's CFO Wednesday outlined various regulatory issues, revenue hits and higher operating costs facing the multi-state utility holding company after reporting decreased first quarter profits -- $120 million, or 28 cents/diluted share, for this quarter ended March 31, compared to $151 million, or 36 cents/share, for the same quarter last year.