Considered

El Paso’s proposed 1 Bcf/d Continental Connector pipeline project, which originally was considered a competitor to the Rockies Express Pipeline, has been shelved. El Paso CFO Mark Leland told the Deutsche Bank High Yield Conference Wednesday that Continental Connector is “unlikely to move forward” because Barnett Shale producers opted to send their production to market on a competing pipeline system.

In a significant victory for federal prosecutors who are pursuing other high-profile fraud cases post-Enron, a Houston jury late Thursday convicted former Dynegy Inc. executive Jamie Olis, 37, on six counts of fraud.

Subsea contractor Cal Dive International Inc. on Monday announced the acquisition of Remington Oil and Gas Corp., long considered a takeover target, in a deal valued at about $1.4 billion. Cal Dive, based in Houston, said it will pay the Dallas-based exploration and production (E&P) independent a premium of more than 22% to build its presence in the Gulf of Mexico and to retain key employees.

Rolling blackouts are generally considered a scourge of hot summer days when electricity demand for air conditioning pushes generation and transmission beyond capacity. However, electric utilities that rely on gas-fired generators are vulnerable during the winter due to the potential for gas well freeze-offs. Xcel Energy and some of its Colorado customers found this out over the holiday weekend.

Rolling blackouts are generally considered a scourge of hot summer days when electricity demand for air conditioning pushes generation and transmission beyond capacity. However, electric utilities that rely on gas-fired generators are vulnerable during the winter due to the potential for gas well freeze-offs. Xcel Energy and some of its Colorado customers found this out over the holiday weekend.

Subsea contractor Cal Dive International Inc. last week said it will buy Remington Oil and Gas Corp., long considered a takeover target, in a deal valued at about $1.4 billion. Cal Dive, based in Houston, is paying the Dallas-based independent a premium of more than 22% to build its presence in the Gulf of Mexico and to retain key employees.

Natural gas, which until now has been considered a local commodity, will be increasingly linked to the global market over the next decade, according to an analyst research report released by Wachovia Capital Markets LLC.

Reports are circulating in Washington that a former chairman of the Texas Public Utility Commission (PUC), Rebecca A. Klein, is being considered for a seat on the Federal Energy Regulatory Commission, possibly to succeed Chairman Pat Wood, whose term expires in June.

Reports are circulating in Washington that a former chairman of the Texas Public Utility Commission (PUC), Rebecca A. Klein, is being considered for a seat on the Federal Energy Regulatory Commission, possibly to succeed Chairman Pat Wood, whose term expires in June.