Tenaska Marketing Ventures/Tenaska Marketing Canada/Tenaska Gas Storage (collectively TMV) has renewed a $1 billion committed credit facility for a four-year term maturing in July 2014. The facility, first established in 2006, will be used to finance TMV's natural gas inventory transactions and as liquidity support for TMV's operations. TMV is the natural gas marketing affiliate of Tenaska, which recently was ranked eighth in NGI's North American natural gas quarterly trading survey (see Daily GPI, June 10). Tenaska regained control of TMV in January 2009 after completing a repurchase from affiliates of American International Group Inc., which at the time owned a half stake in the venture (see Daily GPI, Jan. 9, 2009). BNP Paribas and Societe Generale were co-lead arrangers of the credit facility renewal; the Bank of Tokyo-Mitsubishi UFJ, Ltd., Rabobank Nederland, Natixis and Credit Agricole CIB were co-documentation agents. A total of 20 lenders participated in the facility.
Talisman Energy USA Inc. was fined $15,506 by the Pennsylvania Department of Environmental Protection (DEP) for spilling used natural gas drilling fluids in November at a gas well pad in Armenia Township in Bradford County. The spill, said state officials, polluted a small unnamed waterway. According to DEP, the spill included hydraulic fracturing (hydrofracing) flowback fluid, which returns to the surface after it is injected underground to fracture a gas formation. DEP estimated that the Talisman Energy Inc. subsidiary spilled 4,200-6,300 gallons of the hydrofracing fluid when a pump failed and sand collected in a valve. The fluids ultimately discharged to a tributary of Webier Creek, which drains into the Tioga River.
A new shuttle and regasification vessel (SRV), the GDF SUEZ Cape Ann, is scheduled to arrive this month at the GDF Suez Neptune LNG deepwater port offshore Gloucester, MA, and will be commissioned at that time, a company spokesperson told NGI. Demand will determine the number of cargos Neptune LNG will handle in the future, the spokesperson said. Earlier this year the port's south buoy was successfully tested and became operational (see Daily GPI, May 25). In March the SRV GDF SUEZ Neptune made the first delivery to the Neptune port. The pipeline for the LNG project was completed in late 2008 (see Daily GPI, Oct. 20, 2008).
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