The Alberta government has stepped forward as a customer for the planned conversion to oil service of one large pipe of the six parallel pipes that comprise TransCanada Corp.’s natural gas Mainline, which has suffered severely declining gas transport volumes (see NGI, April 29).
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Alberta Taking Capacity in TransCanada Mainline Oil Conversion
The Alberta government has stepped forward as a customer for the planned conversion of one large pipe of the six parallel pipes that comprise TransCanada Corp.’s natural gas Mainline, which has suffered severely declining natural gas transport volumes, to oil service (see Daily GPI, April 29).
SM Energy Targeting Eagle Ford, Bakken/Three Forks, Permian
SM Energy said Wednesday that next year it will spend 90% of its planned drilling and completions budget of $1.2 billion on its Eagle Ford, Bakken/Three Forks and Permian Basin programs.
Alaska Utilities Seeking LNG Supply Solution
Between Alaska’s North Slope, where there is a lot of gas, and the Lower 48, where there also is a lot of gas, lies Alaska’s Southcentral region, where there is not so much. The region’s utilities comprise a group that believes the time is now to begin developing liquefied natural gas (LNG) import capability to head off a 2 Bcf supply shortfall projected to occur in 2014 and grow in the following years.
Coral to Acquire Avista Merchant Energy Unit; $202M Book Value
Shell’s U.S. energy trading arm, Coral Energy Holding LP, has agreed to buy essentially all of Spokane, WA-based Avista Corp.’s merchant energy operations that comprise Avista Energy Inc., the companies said. The value and terms of the sale will not be fully worked out until the closing, which is expected in the late second quarter or early third quarter of this year.