Authorities

Bank of Montreal Ex-Traders, Broker Indicted for Fraud

Federal and state authorities joined Tuesday to bring civil and criminal actions against a former trader for the Bank of Montreal (BMO), his supervisor and three executives at a brokerage firm of the bank for deceiving and defrauding the bank about the true value of its natural gas options book.

November 9, 2009

RBS Confirms It Will Divest Sempra Trading Interest

As part of its much larger restructuring with British and European Commission (EC) financial authorities, the Royal Bank of Scotland (RBS) confirmed Tuesday that it will be divesting its interest in the fifth largest North American energy trading organization, RBS Sempra Commodities. Initial reports that this move was imminent surfaced out of the United Kingdom (UK) Monday, and San Diego-based Sempra Energy issued a statement to clarify that any breakup would be orderly and could take several years (see Daily GPI, Nov. 3).

November 5, 2009

Enterprise Attempting High Island Offshore System Workaround

Friday afternoon Enterprise Products Partners LP was awaiting word from federal authorities on whether it could flow gas on a bypass of a Gulf of Mexico (GOM) platform that was damaged when a piece of equipment exploded and caused a fire late Tuesday.

August 10, 2009

Compressor Fire Shuts In Some GOM Production

Friday afternoon Enterprise Products Partners LP was awaiting word from federal authorities on whether it could flow gas on a bypass of a Gulf of Mexico (GOM) platform that was damaged last week when a piece of equipment exploded and caused a fire.

August 10, 2009

Industry Briefs

Authorities were searching for clues to determine what caused a helicopter to crash Sunday afternoon near Houma, LA, killing eight men being transported to an oil and gas platform in the Gulf of Mexico. The Lafayette, LA-based PHI Inc. helicopter was taking the men to Shell Oil Co.’s Cougar platform from Amelia, LA, said Shell spokesperson Robin Lebovitz. Amelia is 80 miles southwest of New Orleans. A spokesman for the National Transportation Safety Board said the Sikorsky S-76C helicopter is thought to have crashed about seven minutes after it took off. A PHI pilot and a copilot died in the crash along with employees of The Moreno Group’s Dynamic Industries and MMR Offshore Services Inc. Dynamic Industries and MMR perform contract work for Shell. A single survivor was being treated for severe injuries at the Ocshner Foundation Hospital in Jefferson, LA.

January 6, 2009

14 States Urge EPA Action on Global Warming

Attorneys general from 14 states, along with various state and city authorities, last Monday jointly urged the federal Environmental Protection Agency (EPA) to take action to address global warming. California Attorney General Edmund G. Brown called for a reversal of what he called EPA’s “shameful inaction” by the federal agency.

December 8, 2008

14 States Urge U.S. EPA to Act on Global Warming

Attorneys general from 14 states, along with various state and city authorities, Monday jointly urged the federal Environmental Protection Agency (EPA) to take action to address global warming. California Attorney General Edmund G. Brown called for a reversal of what he called EPA’s “shameful inaction” by the federal agency.

December 2, 2008

Bank of Montreal Ex-Traders, Broker Indicted for Fraud

Federal and state authorities joined last Tuesday to bring civil and criminal actions against a former trader for the Bank of Montreal (BMO), his supervisor and three executives at a brokerage firm for the bank for deceiving and defrauding the bank about the true value of its natural gas options book.

November 24, 2008

Quebec’s Rabaska LNG Terminal Greenlighted

The Rabaska liquefied natural gas (LNG) terminal proposed to be built on the St. Lawrence River across from Quebec City got the greenlight from provincial authorities Wednesday.

October 26, 2007

EIR Work Begins on Woodside Offshore SoCal LNG Project

Federal and city authorities last Tuesday officially launched the full environmental impact review (EIR) of Australia-based Woodside Natural Gas’ proposed offshore liquefied natural gas (LNG) docking facility and undersea pipeline 28 miles from an onshore connection point near Los Angeles International Airport. The U.S. Coast Guard and City of Los Angeles jointly deemed as “complete” the application for OceanWay, triggering the EIR.

September 10, 2007