Tennessee Gas Pipeline Co. Monday sought authorization to place the remaining portion of its Northeast Supply Diversification (NSD) Project in service on Nov. 1. The request came only days after the Federal Energy Regulatory Commission approved the start-up of a portion of the NSD facilities to provide service to three shippers beginning Oct. 1 (see Shale Daily, Sept. 24).
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Tennessee Gas Pipeline Co. got the go-ahead from FERC Thursday to start up facilities that will enable it to provide interim firm transportation service to three shippers on its Northeast Supply Diversification (NSD) Project beginning Oct. 1, one month ahead of the in-service date for the entire project.
An environmental group is challenging how Pennsylvania combines air emissions from interconnected Marcellus Shale infrastructure for regulatory purposes.
In a move that combines two leading California oil operators and achieves significant operational synergies, costs savings and cash flow benefits, Plains Exploration & Production Co. (PXP) announced that it is buying Nuevo Energy Co. in a stock-for-stock transaction valued at $945 million, including debt assumption, or about $28.05 per Nuevo share ($4.54/boe).
In move that combines two leading California oil operators and achieves significant operational synergies, costs savings and cash flow benefits, Plains Exploration & Production Co. (PXP) announced that it is buying Nuevo Energy Co. in a stock-for-stock transaction valued at $945 million, including debt assumption, or about $28.05 per Nuevo share and $4.54/boe.
ChevronTexaco unveiled a new company on Monday, the Energy Technology Co. (ETC), which will combine the oil and gas major’s exploration and production technology and energy research arm as part of a long-term planning effort to meet current and future business needs.
UtiliCorp subsidiary Aquila Energy renamed its gas assetdevelopment group Merchant Energy Partners. It previously was knownas Natural Gas Partners. The change follows a recent reorganizationin which Aquila realigned its asset development activities, placingboth gas and power asset development under one executive. Thecompany will use Merchant Energy Partners for both its gas andpower asset development groups. V.J. Horgan is president of MEP andan Aquila Energy senior vice president.
Joining a sports marketing push that is picking up momentumamong energy companies nationally, Sempra Energy has inked acombination energy services and promotional deal with the operatorsof a new basketball-hockey arena being built in downtown LosAngeles. Sempra’s CEO indicated this was just the first of a seriesof “major branding initiatives” the newly formed San Diego-basedutility holding company will be rolling out over the next 12months.
Dynegy Inc. said yesterday it is combining its power generationoperations with its trading and marketing organization to “furtherdefine and capture opportunities presented by the convergence ofthe gas and power industries.” The new organization will operateunder the name Dynegy Marketing and Trade. Steve Bergstrom willserve as president and chief operating officer.