Consolidate

Sempra Merges Gas Infrastructure Units; Names New President

San Diego-based Sempra Energy said Wednesday it will elevate its current CFO Mark Snell to president, effective Oct. 1, and consolidate its natural gas infrastructure businesses into U.S. and international units. Liquefied natural gas (LNG) will no longer be a separate operating unit, a footnote to the fact that it is a waning part of the domestic gas marketplace.

September 15, 2011

People

Tenaska Marketing Ventures (TMV)/Tenaska Marketing Canada, one of the top natural gas marketers in North America, has promoted several personnel to align its geographic and functional activities and consolidate decision-making authority into each area’s management structure. Terry Cameron was promoted to senior vice president, north, where he will oversee the midwestern and eastern market areas. Mark Whitt takes over as senior vice president, west, where he will oversee western activities. David Schettler is the new senior vice president, south, where he will oversee the Midcontinent and southern U.S. region. Marty Titus was promoted to senior vice president, risk and structured products, which includes risk management, project marketing, deal structuring and valuation functions. John Obermiller, as senior vice president, finance, will manage TMV’s mid- and back-office activities. The five new senior vice presidents will report to President Fred Hunzeker. Tenaska also promoted Janet Corritore to vice president, gas scheduling; Kristen Gould, to vice president, Tenaska Marketing Canada; and Chris Forsman to regional director, Midcontinent.

May 27, 2009

November Grinds 9.8 Cents Higher as Trading Range Continues

November futures rose Friday as prices continued to consolidate in a broad trading range and traders attempted to get an idea of what winter weather will bring. Traders also lightened up on short positions prior to the weekend and elected to not carry any extended positions when unanticipated weather events such as hurricanes may impact the market.

October 15, 2007

Market Soars Again after Taking a Day Off

After taking a breather Wednesday to consolidate early-week spikes, it was off to the races again for the cash market Thursday. Unlike on Monday and Tuesday when dollar-plus jumps were common, there were only a couple this time, but all of Thursday’s gains were solidly in double digits as they ranged from a little less than 30 cents to $1.20 or so. Price strength was fairly consistent across the various geographic market areas.

October 20, 2006

Heat, Storm Uncertainty Keep Upward Pressure on Futures

After taking Tuesday to consolidate following Monday’s $1+ run-up, natural gas bulls were at it again Wednesday morning on renewed concerns about Tropical Storm Chris’ path and strength. Traders pushed September futures to a new regular session high for the move of $8.545 in morning trade before the contract drifted lower in the afternoon to settle at $7.799, still good for a 22.5-cent gain on the day.

August 3, 2006

Three Calgary Producers to Form Thunder Trust

Thunder Energy Inc., Mustang Resources Inc. and Forte Resources Inc., three Calgary-based producers, on Tuesday announced plans to consolidate their assets into a trust that will have a total 31.5 MMboe of proved reserves, 13,000 boe/d of production and a value of about C$1 billion.

May 9, 2005

Husky Expects to Consolidate Some WCSB Assets

Its claim to fame may be heavy oil production, but Calgary-based Husky Energy Inc. also is strengthening its upstream portfolio, announcing Monday that it may consolidate through acquisitions or sales to improve its production output in the Western Canada Sedimentary Basin (WCSB).

April 19, 2005

Futures Continue Consolidation Ahead of Storage Report

May natural gas futures on Wednesday continued to consolidate as market watchers were still unsure of the contract’s next move. After seesawing a bit, the prompt month ended up settling at $7.558, down 1.4 cents on the session.

April 7, 2005

Sempra Consolidates LNG Businesses; Pushes Ahead on 3 Projects

As part of an internal reorganization, effective Jan. 1, 2005 Sempra Energy will consolidate its liquefied natural gas (LNG) projects into one business unit and merge its international businesses with a newly designated “pipeline/storage” business unit. Meanwhile, Sempra is pushing ahead with construction of its most advanced LNG project at Costa Azul in North Baja, Mexico.

November 8, 2004

Sempra Consolidates LNG Businesses; Pushes Ahead on 3 Projects

As part of an internal reorganization, effective Jan. 1, 2005 Sempra Energy will consolidate its liquefied natural gas (LNG) projects into one business unit and merge its international businesses with a newly designated “pipeline/storage” business unit. Meanwhile, Sempra is pushing ahead with construction of its most advanced LNG project at Costa Azul in North Baja, Mexico.

November 5, 2004
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