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Enterprise Products Partners LP became one of the largest liquids storage operators in the country with the acquisition of a natural gas liquids and petrochemical liquids storage business from Diamond-Koch, L.P. and Diamond-Koch III, which are owned by affiliates of Valero Energy and Koch Industries Inc. The purchase price was $129 million in cash.

Mirant Canada Energy Marketing Ltd. closed its purchase of TransCanada Gas Services from TransCanada PipeLines Ltd. last week opening the biggest energy trading floor in Canada with 80 specialists swinging into action in downtown Calgary’s newest office tower. The changing fortunes among energy merchants propelled Mirant into prominence north of the border at a time of high expectations and anxiety among producers alarmed by the Enron debacle.

In light of the “tragic events” of this week and the “high state of alert the country is now experiencing,” the Federal Energy Regulatory Commission today assured regulated energy companies that it will give the “highest priority” to applications that are filed to recover the costs associated with upgrading the security of their systems.

In light of the “tragic events” of last week and the “high state of alert the country is now experiencing,” the Federal Energy Regulatory Commission on Friday assured regulated energy companies that it will give the “highest priority” to applications that are filed to recover the costs associated with upgrading the security of their systems.

Vice President Dick Cheney and key Cabinet members were dispatched around the country early last week in an effort to resuscitate the public’s interest in the Bush administration’s package of energy proposals, which had been largely stalled in Congress after being unveiled to much fanfare in May.

Although certain pockets of the country that use large amounts of gas for power generation may see some increase in natural gas prices over the next couple of months, the chance of any significant summer jump in gas prices now seems remote, according to a new Energy Information Administration (EIA) report. With natural gas storage injections hitting record highs in April through June, the agency sees average wellhead prices in the third quarter continuing on a downward slope, averaging $3.40/Mcf.

Although certain pockets of the country that use large amounts of gas for power generation may see some increase in natural gas prices over the next couple of months, the overall likelihood of any significant summer jump in gas prices now seems remote, the Energy Information Administration (EIA) recently concluded. With natural gas storage injections hitting record highs in April through June, EIA sees average wellhead prices in the third quarter continuing on a downward slope, averaging $3.40/Mcf.

Despite exorbitant price spikes in natural gas and deregulation setbacks in various markets around the country, a new study released by the American Gas Association (AGA) revealed that an increasing number of small businesses and other commercial customers are purchasing their natural gas supplies from someone other than the local utility, continuing the evolution of competition in the natural gas industry.

Despite exorbitant price spikes in natural gas and deregulation setbacks in various markets around the country, a new study released by the American Gas Association (AGA) revealed that an increasing number of small businesses and other commercial customers are purchasing their natural gas supplies from someone other than the local utility, continuing the evolution of competition in the natural gas industry.