buyer

Suncor Energy has agreed to sell some natural gas properties in Alberta to an undisclosed buyer for about C$235 million. The properties, known as Rosevear and Pine Creek, are in the Edson/Whitecourt area west of Edmonton, AB. Current production is 20.5 MMcf/d of natural gas and 540 b/d of liquids. The sale has an effective date of Jan. 1, 2010 and is expected to close in April. Still to be sold are some gas properties in Western Canada and the U.S. Rockies, all Trinidad and Tobago assets, and some noncore North Sea assets,which includes assets in The Netherlands. Suncor, which is focusing mostly on its oilsands production in Canada, said it has reached agreement to sell assets worth about C$1.54 billion.

Dallas-based Atmos Energy Corp. said Wednesday it is in negotiations with a potential buyer for its 25 Bcf Fort Necessity Storage Project in Louisiana — though “market conditions are not favorable” — and the company intends to sharpen its focus on its pipeline business.

Dallas-based Atmos Energy Corp. said Wednesday it is in negotiations with a potential buyer for its 25 Bcf Fort Necessity Storage Project in Louisiana — though “market conditions are not favorable” — and the company intends to sharpen its focus on its pipeline business.

Global gas supplies are making for a buyer’s market as demand weakens and new supplies come on stream, according to a draft 2009 World Energy Outlook (WEO) by the International Energy Agency (IEA). The agency, which is set to issue its final report on Tuesday, is expected to announce a downward revision to its world oil forecast for the second year in a row.

Global gas supplies are making for a buyer’s market as demand weakens and new supplies come on stream, according to a draft 2009 World Energy Outlook (WEO) by the International Energy Agency (IEA). The agency, which is set to issue its final report on Tuesday, is expected to announce another downward revision to its world oil forecast for the second year in a row.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, is on the market, looking for a buyer or a merger deal.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, has put itself on the market, looking for a buyer or a merger deal.

As a relatively new buyer in the world liquefied natural gas (LNG) market, the United States is like a fish out of water, with North American buyers and sellers doing business in an efficient domestic spot market while the rest of the world, with a utility mind-set, signs long-term, take-or-pay contracts (remember them?) for gas pegged to the price of crude oil.

As a relatively new buyer in the world liquefied natural gas (LNG) market, the United States is like a fish out of water, with North American buyers and sellers used to doing business in an efficient domestic spot market while the rest of the world, with a utility mind-set, signs long-term, take-or-pay contracts (remember them?) for gas pegged to the price of crude oil.