Baltimore

The Supreme Court on Tuesday denied an emergency request from 26 multinational oil and natural gas producers to halt a lawsuit brought by the city of Baltimore that seeks to hold operators to account for the “hazards” of fossil fuels.

AES Corp. has thrown in the towel on its long-sought Sparrows Point liquefied natural gas (LNG) import project and associated pipeline, after seven years of fighting project opponents. During that period, the North American natural gas market did a complete flip to soon become an LNG exporter.

Twin Eagle Resource Management LLC said it will market crude oil rail trans-loading capacity at GT Logistics LLC’s GT OmniPort facility in Port Arthur, TX. GT Logistics operates a unit train facility with about eight miles of track, 18 rail car unloading racks and a two-station barge dock. It maintains direct rail service with the Union Pacific and Burlington NorthernSanta Fe rail lines. The facility has direct access to the Intercoastal Waterway and will have deepwater access after further capital investment, the companies said. GT OmniPort began operations in September and has capacity of 100,000 b/d. Twin Eagle unit Enserco Midstream LLC plans to construct four crude oil storage tanks at the GT OmniPort facility that are expected to be operational in the third quarter. The parties intend to construct additional storage capacity and to establish pipeline connectivity with refiners and other markets in the area. GT OmniPort is adjacent to the Port Arthur refinery community, which has demand for about 2 million b/d of crude oil.

After three years of exponential growth, the Marcellus Shale is showing signs of plateauing this year.

Tulsa-based Oneok Inc. is selling subsidiary Oneok Energy Marketing Co., to Baltimore-based Constellation Energy Group Inc. for $22.5 million plus working capital.

Baltimore-based Constellation Energy Group will sell its upstream gas assets in an effort to improve liquidity, CEO Mayo Shattuck III said Thursday. The assets, including Constellation Energy Partners LLC (CEP), have a book basis of $850 million and could sell for as much as $1 billion, Shattuck said.

Baltimore-based Constellation Energy Group will sell its upstream gas assets in an effort to improve liquidity, CEO Mayo Shattuck III said Thursday. The assets, including Constellation Energy Partners LLC (CEP), have a book basis of $850 million and could sell for as much as $1 billion, Shattuck said.

Constellation Energy Group CEO Mayo A. Shattuck said that a “perfect storm” of political and energy price events led the parent company of Baltimore Gas & Electric (BGE) to call off its $31 billion merger with FPL Group. During a conference call with analysts Friday, Shattuck said the company saw “no clear path to completion” of the deal and “no events on the horizon” that would have cleared up the uncertainty.

Baltimore-based Constellation Energy has agreed to sell 3,145 MW of gas-fired generation assets to Tenaska Power Fund LP for $1.635 billion in cash, subject to closing adjustments. The transaction is expected to yield net proceeds of approximately $1.5 billion, and Constellation anticipates a one-time, pre-tax gain of approximately $245 million.