Announces

Houston-based Petal Gas Storage, a unit of GulfTerra Energy Partners LP, said Monday it plans to hold a binding open season for up to 300,000 MMBtu of firm natural gas storage capacity for a one-year term beginning April 1 of this year.

ExxonMobil Corp. has doubled up on its development plans for liquefied natural gas (LNG) receiving terminals in Texas, announcing Thursday that an affiliate is developing a $600 million LNG terminal near Corpus Christi. The proposed facility, which mirrors another proposal on the upper Texas coast, would process 1 Bcf/d of LNG.

Exxon Mobil Corp. has doubled its development plans for liquefied natural gas (LNG) receiving terminals in Texas, announcing Thursday that an affiliate is developing a $600 million LNG terminal near Corpus Christi. The proposed facility, which mirrors another one underway up the Texas coast, would process 1 Bcf/d of LNG.

While raising a possibility that the dormant Deep Panuke project will be revived offshore of Nova Scotia, Canada’s top natural gas producer has made it plain its priorities are out West and on safer bets.

Calgary-based Bonavista Energy Trust announced last Tuesday it has entered into an agreement whereby, through a series of transactions, it will pay C$275 million for all of the Canadian oil and natural gas assets from a privately held U.S.-controlled corporation.

While raising a possibility that the dormant Deep Panuke project will be revived offshore of Nova Scotia, Canada’s top natural gas producer has made it plain its priorities are out West and on safer bets.

Calgary-based Bonavista Energy Trust announced Tuesday it has entered into an agreement whereby, through a series of transactions, it will pay C$275 Million for all of the Canadian oil and natural gas assets from a privately held U.S.-controlled corporation.

Florida Gas Transmission (FGT), which is jointly owned by El Paso Corp. and Enron Corp., said Wednesday that it placed the second half of its Phase VI expansion facilities into service at the start of the winter heating season on Nov. 1.

Florida Gas Transmission (FGT), which is jointly owned by El Paso Corp. and Enron Corp., said Wednesday that it placed the second half of its Phase VI expansion facilities into service at the start of the winter heating season on Nov. 1.