Page 14 - Intelligence Press News Today

Tres Palacios Gas Storage LLC, a subsidiary of Westport, CT-based NGS Investments LP, Wednesday asked FERC for clearance to place its entire storage header system in Texas in service on July 20.

Upstream merger and acquisition (M&A) activity worldwide hit a record $107 billion in total asset deal value in 2010, which is 160% higher than in 2009, according to preliminary findings by research firm IHS.

Attorneys for Quoddy Bay LNG LLC Friday called on FERC to bar U.S. transportation of natural gas from a proposed Canadian liquefied natural gas (LNG) terminal until the Canadian government has withdrawn its threat to block U.S.-bound LNG tankers from traversing its waters.

Natural gas and motor gasoline never had much to do with each other, but new environmental rules and the natural gas liquids (NGL) abundance from shale plays could make for a bit more of a connection, Bentek Energy LLC and Turner, Mason & Co. (TMC) have found.

Ben Hollins, head of European gas and power consulting for Wood Mackenzie, said it is not unusual for the Gas Exporting Countries Forum (GECF) to form a committee to look at pricing. "As such, a study of pricing is not in itself inconsistent with the stated remit of the GECF. Nonetheless it begs the question to what extent a gas OPEC (Organization of the Petroleum Exporting Countries) might be able to influence the future global gas market and its prices -- a question which is addressed in ...

Financier Carl Icahn and some Icahn entities have purchased nearly 5% of Kerr-McGee Corp. stock and said they intend to nominate two candidates to the board of directors at the company's annual meeting, which is scheduled for May 10.

Unocal Windy Hill Gas Storage LLC is conducting a nonbinding open season through May 18 for 6 Bcf of future natural gas storage capacity at a facility planned on its Windy Hill property in Morgan County, CO. The new facility would be the first bedded salt underground gas storage facility in Colorado.

In less than 24 hours EXCO Resources Inc. announced two transactions worth close to $700 million to sell some natural gas-weighted properties in Oklahoma, Ohio and Pennsylvania.

In an effort to lower heating bills next winter, the Maryland Public Service Commission (PSC) has ordered each of the state's utilities to purchase 40% of its summer gas injection needs immediately for delivery between now and October.

Rockies Express Pipeline LLC (REX) expects to begin service to Clarington, OH, on Nov. 1 on REX-East, provided horizontal directional drilling between Lebanon, OH, and Clarington at Deer Creek goes as planned, which might not happen, REX said late last week.