Announcement

Apache Corp. on Friday was working on financing to secure a deal to buy some of BP plc’s Alaska properties, and an announcement was expected as soon as Sunday or Monday, a source familiar with the discussions told NGI.

Apache Corp. on Friday was working on financing to secure a deal to buy some of BP plc’s Alaska properties, and an announcement was expected as soon as Sunday or Monday, a source familiar with the discussions told NGI.

U.S. receipt terminal operators may be buoyed by the Standard & Poor’s Ratings Services (S&P) announcement last Monday that it was giving an “A” credit rating to the expansion of liquefied natural gas (LNG) liquefaction facilities in Qatar, which could become an increasingly important supplier to the United States. S&P placed a “stable” outlook on the Qatari government and ExxonMobil joint venture developing LNG processing infrastructure, Ras Laffan LNG Co.

U.S. receipt terminal operators may be buoyed by the Standard & Poor’s Ratings Services (S&P) announcement Monday that it was giving an “A” credit rating to the expansion of liquefied natural gas (LNG) liquefaction facilities in Qatar, which could become an increasingly important supplier to the United States. S&P placed a “stable” outlook on the Qatari government and ExxonMobil joint venture developing LNG processing infrastructure, Ras Laffan LNG Co.

MRT added a couple of clarifications to its announcement of a System Protection Warning for Friday through Tuesday; see the bulletin board for details.

In an e-mail announcement that didn’t arrive until early that morning, Southern California Gas (SoCalGas) declared a high-linepack OFO for Saturday, setting the tolerance for positive daily imbalances at 10%. The OFO was lifted Sunday. SoCalGas also said it lost 50 MMcf/d of injection capacity at its Honor Rancho storage facility when repairs began Sunday on a packing leak of compressor Unit #4; the work is expected to continue through Friday.

More gas could ultimately flow sooner through Sempra Energy’s underutilized West Coast liquefied natural gas (LNG) terminal following an announcement Wednesday that Royal Dutch Shell and Russia’s Gazprom have signed a series of 20-year agreements in which both will be buying LNG supplies from the eastern Russia Sakhalin II production area. It gives the Russian behemoth its first major entry into the U.S. market.

More gas could ultimately flow sooner through Sempra Energy’s underutilized West Coast liquefied natural gas (LNG) terminal following an announcement last Wednesday that Royal Dutch Shell and Russia’s Gazprom have signed a series of 20-year agreements in which both will be buying LNG supplies from the eastern Russia Sakhalin II production area. It gives the Russian behemoth its first major entry into the U.S. gas market.

As energy companies continue to scale back and focus on their core businesses during the recession, Integrys Energy Group said its recent announcement to divest its riskier unregulated competitive natural gas and electric supplier segment has already produced interest from potential suitors.