Bigger

Williams Partners LP plans to assume the role of operator of the Overland Pass Pipeline after completing a bigger buy-in with joint venture (JV) partner ONEOK Partners LP. ONEOK Partners received about $424 million in the transaction, which was announced in July (see NGI, July 26). The Overland Pass Pipeline JV was established by the partners in May 2006, with Williams Partners then owning 1% interest. As long as Williams Partners owns at least 50% of the natural gas liquids pipe, it has the option to become the operator with 30 days notice.

Louisiana parishes want a bigger share of the Haynesville Shale revenue pie, and they might get it if the state’s voters approve a measure on the statewide Nov. 2 ballot.

Louisiana parishes want a bigger share of the Haynesville Shale revenue pie, and they might get it if the state’s voters approve a measure on the statewide Nov. 2 ballot.

BP plc CEO Tony Hayward said last week natural gas needs to become a bigger part of the U.S. energy picture. Congress should find a better way to maintain jobs than by “preserving them in the coal industry,” he told an audience at the Peter G. Peterson Institute for International Economics, a nonpartisan think tank based in Washington, DC.

BP plc CEO Tony Hayward said Tuesday natural gas needs to become a bigger part of the U.S. energy picture. Congress should find a better way to maintain jobs than by “preserving them in the coal industry,” he told an audience at the Peter G. Peterson Institute for International Economics, a nonpartisan think tank based in Washington, DC.

BP plc CEO Tony Hayward said Tuesday natural gas needs to become a bigger part of the U.S. energy picture. Congress should find a better way to maintain jobs than by “preserving them in the coal industry,” he told an audience at the Peter G. Peterson Institute for International Economics, a nonpartisan think tank based in Washington, DC.

BG Group plc has fired another warning shot at its North American competition after exercising an option to acquire a bigger stake in a prospective natural gas development offshore Trinidad. BG’s offer preempts a $142.5 million cash offer by Centrica plc.

BG Group plc Thursday fired another warning shot at its North American competition after exercising an option to acquire a bigger stake in a prospective natural gas development offshore Trinidad. BG’s offer preempts a $142.5 million cash offer by Centrica plc.

Saying its latest electric utility rate increase could have been two or three times bigger, Pacific Gas and Electric Co. (PG&E) signaled last week that some recent moderation in wholesale natural gas prices allowed it to lower the increase to 6%, or $645 million. Effective Oct. 1, the lower rate hike is a sign that another power rate hike next year might be avoided, according to Tom Bottorff, senior vice president, regulatory relations.