Alaska Gov. Frank Murkowski on Friday accused state lawmakers of “deliberately” trying to slow down plans to contract with North Slope producers BP plc, ExxonMobil Corp. and ConocoPhillips to build a natural gas pipeline and said unless there’s a turnaround in the next few days, the state may lose its chance to build a gasline. Murkowski also discounted reports that BP CEO John Browne wants to slow down negotiations. The governor said he had been “assured” of the producer’s commitment.
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Murkowski Accuses AK Lawmakers of ‘Deliberately’ Slowing Gasline Plans
Alaska Gov. Frank Murkowski on Friday accused state lawmakers of “deliberately” trying to slow down plans to contract with North Slope producers BP plc, ExxonMobil Corp. and ConocoPhillips to build a natural gas pipeline, saying that unless there’s a turnaround in the next few days, the state may lose its chance to build a gasline. Murkowski also discounted reports that BP CEO John Browne wants to slow down negotiations. The governor said he had been “assured” of the producer’s commitment.
Valencia-Singleton Trial Goes to Jury in Houston
Closing arguments were heard Tuesday in the Houston trial of two former natural gas traders accused of attempting to manipulate the natural gas markets by reporting false trade data to price index publishers Inside FERC’s Gas Market Report and Natural Gas Intelligence.
NGI The Weekly Gas Market Report
Houston Jurors Hear of Big Money, High Pressure on the Trading Floor
Jurors in the Houston trial of two natural gas traders accused of trying to manipulate prices in 2000 waded through often complicated explanations of trading, hedging, spot and futures markets. They also were treated last week to review of numerous trader phone calls and e-mails that offered some saucy language along with insight into the high-stakes world of gas markets, where a few pennies this way or that can make or lose a small fortune.
Separate Trials Ordered for Two Former Gas Traders Charged with False Reporting
Separate trials have been ordered in Houston for two former natural gas traders, one from Dynegy Inc. and the other from El Paso Merchant Energy. The two former traders are accused of attempting to manipulate gas prices by reporting bogus trading data to index publishers.
Sempra Says Suit Has No Merit
Sempra Energy is deciding whether it will file a counter suit in Mexico against a real estate broker who has accused the company of colluding with Baja California government officials in an “appalling abuse of power and corruption.”
Producer Claims Columbia Used Unauthorized Gas Spec to Deny Interconnection Request
A Colorado-based oil and natural gas producer has accused Columbia Gas Transmission of using an allegedly unauthorized gas quality specification to refuse its request for an interconnect to the pipeline.
Citigroup Agrees to Pay $2B to Settle Enron Lawsuits
In the largest settlement for Enron Corp. shareholders to date, Citigroup agreed to pay $2 billion to settle a class action lawsuit that had accused Citigroup and other investment firms of helping Enron continue to raise money even as it was imploding.
Citigroup Agrees to Pay $2B to Settle Enron Lawsuits
In the largest settlement for Enron Corp. shareholders to date, Citigroup agreed to pay $2 billion to settle a class action lawsuit that had accused Citigroup and other investment firms of helping Enron continue to raise money even as it was imploding.
Jury Selection in Enron Broadband Case Begins
Jury selection began Monday in the upcoming trial of five former Enron Corp. executives who are accused of lying to make the company’s fledgling broadband business appear successful. The former Enron Broadband Systems (EBS) employees face 170 counts of conspiracy, wire and securities fraud, insider trading and money laundering.