Consolidate

With Hurricane Ivan’s initial impact on production already factored into the market, and it being too soon to assess damage to Gulf infrastructure, October natural gas futures resumed their pre-Ivan path lower on Wednesday.

The nation’s largest businesses, industrials and commercial companies with multiple locations and a recognized national brand, plan to drastically cut the number of natural gas and power suppliers that they deal with by between 65% and 93% as part of a move to streamline their supply chain, according to a survey by RKS Research & Consulting.

The nation’s largest businesses, industrials and commercial companies with multiple locations and a recognized national brand, plan to drastically cut the number of natural gas and power suppliers that they deal with by between 65% and 93% as part of a move to streamline their supply chain, according to a survey by RKS Research & Consulting.

EnCana Corp. said Thursday that it intends to consolidate its corporate structure through a vertical short-form amalgamation with its subsidiary Alberta Energy Company Ltd. (AEC). EnCana said the amalgamation will not require any public securityholder vote. The company said the consolidation is expected to be effective on Jan. 1, at which time, EnCana will be the successor issuer in respect of AEC’s previously issued debt securities and will be responsible for all of AEC’s contractual obligations. The amalgamation is subject to the receipt of all necessary consents and regulatory approvals. EnCana said it would comment more after the first of the year.

Houston’s office space and unemployed energy professionals may grow if Williams Cos. decides to consolidate and move its Texas operations to its Tulsa headquarters. The company, which wants to trim at least $200 million more in costs a year, confirmed that consolidation and relocation discussions have begun, but no final decision has been announced.

Integrated energy companies have continued to consolidate, but finding value for the shareholders remains a challenge for companies in North America and around the world. To find that value, said an investment banker in Houston this week, some of the super majors may consider spinning off their exploration and production (E&P) units to concentrate on pure exploration and pure production — basically unbundling the value that many of the smaller independents have found.

Integrated energy companies have continued to consolidate, but finding value for the shareholders remains a challenge for companies in North America and around the world. To find that value, said an investment banker in Houston this week, some of the super majors may consider spinning off their exploration and production (E&P) units to concentrate on pure exploration and pure production — basically unbundling the value that many of the smaller independents have found.

At a time when online energy exchanges are beginning to consolidate their portals, EMK3 has announced that it has launched the world’s first online energy exchange that offers domestic buyers and sellers of oil and natural gas the ability to electronically purchase and sell production at the very beginning of the supply chain: the wellhead.

At a time when online energy exchanges are beginning toconsolidate their portals, EMK3 has announced that it has launchedthe world’s first online energy exchange that offers domesticbuyers and sellers of oil and natural gas the ability toelectronically purchase and sell production at the very beginningof the supply chain: the wellhead.