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Consolidation hasn’t stopped and, in fact, will play a big rolein the future for both large and small players in the oil and gasindustry, said David Moore, a strategic practices consultant forAndersen Consulting.

Consolidation hasn’t stopped and, in fact, will play a big rolein the future for both large and small players in the oil and gasindustry, said David Moore, a strategic practices consultant forAndersen Consulting.

Citing forecasts of cooler temperatures in the Pacific Northwestfor the holiday weekend, Northwest began allowing both on-systemand off-system balancing Thursday after a long period of barringon-system balancing. However, storage volumes remain high in theJackson Prairie and Clay Basin facilities, limiting operationalflexibility, Northwest said.

Following the lead of both the over-the-counter and cashmarkets, natural gas futures erupted higher yesterday morning astraders covered shorts on the outside possibility that a tropicalstorm might develop in the Gulf of Mexico. The September contractwas the biggest mover, posting an impressive 21.3-cent gain tofinish at $3.987.

After both projects received preliminary approval from FERC over a month ago, the ongoing race to Florida accross the Gulf of Mexico between Coastal Corp.’s Gulfstream Natural Gas System and Williams and Duke Energy’s Buccaneer pipeline is heating up again (see NGI, May 1). Gulfstream yesterday announced it signed a multi-million dollar deal with the Manatee County Port Authority for a permanent right-of-way easement to cross through Port Manatee

After both projects received preliminary approval from FERC over a month ago, the ongoing race to Florida accross the Gulf of Mexico between Coastal Corp.’s Gulfstream Natural Gas System and Williams and Duke Energy’s Buccaneer pipeline is heating up again (see Daily GPI, April 26). Gulfstream yesterday announced it signed a multi-million dollar deal with the Manatee County Port Authority for a permanent right-of-way easement to cross through Port Manatee

Anadarko and Union Pacific Resources (UPR) closed their $5.7billion merger transaction on Friday successfully. Shareholders ofboth companies gave the thumbs-up on the deal on July 13, and bythe end of business on Friday each UPR share received 0.455 sharesof Anadarko common stock.

Less than a month after FERC scolded the New York IndependentSystem Operator (NYISO) for failing in its responsibilities byrejecting commercially viable power imports, the ISO is under the gunagain, this time for computer-related snafus that rejectedcommercially viable power exports to the Pennsylvania, New Jersey andMaryland ISO (see Daily GPI, June 1).

Both of California’s two major distributors, Southern CaliforniaGas and Pacific Gas & Electric, had high-pack OFOs in placeSaturday. The one by SoCal Gas applied to all shippers whilePG&E’s was customer-specific.