Armstrong

Williams has enough natural gas pipeline projects in the queue to keep it profitable and busy in the long term, both in North America’s onshore and in the Gulf of Mexico, but it’s not willing to gamble on a liquids takeaway solution for Appalachia until shippers step up, CEO Alan Armstrong said Thursday.

Looking to facilitate local natural gas service to homes and businesses in southern New York and northern Pennsylvania that have never had the option before, Constitution Pipeline Co. LLC and Leatherstocking Gas Co. LLC announced plans this week to install four delivery taps along Constitution's proposed pipeline route. Gas could flow to these targeted municipalities by late 2015.

Williams management is “very well aligned” with two hedge funds holding nearly 10% of the stock and continues to have discussions on plans to create value, CEO Alan Armstrong said Thursday.

Williams may not win every project it proposes in building out North American infrastructure, but there’s plenty to go around and more opportunities ahead, CEO Alan Armstrong said this week.

Plains All American Pipeline (PAA) is proposing to acquire PAA Natural Gas Storage (PNG), which owns and operates three natural gas storage facilities in Louisiana, Mississippi and Michigan, in a unit-for-unit exchange valued at approximately $1.39 billion, the companies said Tuesday. PAA already holds a general partner interest and majority equity ownership position in PNG.

An agreement to merge with Energy Transfer Equity LP (ETE) may be in place, but Southern Union Co. agreed Friday to discuss a higher offer from Williams.

Italy’s Eni SpA said Friday that it has acquired 104 exploration leases in northern Alaska from Armstrong Oil & Gas for an undisclosed amount. The portfolio, located both onshore and offshore in the Beaufort Sea along the Barrow Arch in the North Slope, includes two projects in the predevelopment stage and several defined exploration prospects, the producer said.