Regulatory delays may kill the long-delayed Mackenzie Gas Project (MGP), TransCanada Corp. CEO Hal Kvisle said Wednesday.
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Volatile Financial Markets Force Delay of EnCana Breakup Plan
A fear of being taken over by a better capitalized producer likely delayed EnCana Corp.’s plans to split into two independent energy companies, an energy analyst said last week. After rising above $70 billion in market capitalization last summer, the plunge in the stock market has cut its value to around $33 billion.
Forest Service Delays Assessment of Colorado Drilling Plan
A proposal to drill for natural gas on Colorado’s Mount Herman in the Pike National Forest has been delayed until spring 2009, the U.S. Forest Service said Thursday.
EPA: Bill Barrett Gas Drilling Plan in Utah Inadequate
Bill Barrett Corp.’s plans to increase natural gas drilling in Utah’s Nine Mile Canyon may be delayed after the U.S. Environmental Protection Agency (EPA) told state officials last month that a completed environmental study for the proposal needs to be revised to detail air quality impacts.
Action on Mackenzie Pipeline Could Come This Year, CEO Says
Movement on the oft-delayed Mackenzie Gas Project (MGP) could come some time this year, but the pipeline will take “at least 10 years” to build because of the engineering studies, permitting process, open season and actual construction it will require, ConocoPhillips CEO Jim Mulva said Thursday.
Action on Mackenzie Pipeline Could Come This Year, CEO Says
Movement on the oft-delayed Mackenzie Gas Project (MGP) could come some time this year, but the pipeline will take “at least 10 years” to build because of the engineering studies, permitting process, open season and actual construction it will require, ConocoPhillips CEO Jim Mulva said Thursday.
Initial Northeast Gateway LNG Shipment Delayed Until May
The initial tanker shipment of liquefied natural gas (LNG) to Excelerate Energy’s Northeast Gateway offshore system in Massachusetts Bay has been delayed until May, according a company spokesman.
Industry Brief
The deepwater Gulf of Mexico (GOM) Tahiti project, one of the largest platforms of its kind, will be delayed about a year because of defective shackles in the mooring system, according to project sponsor Chevron Corp. First production is now expected by 3Q2009; it was originally scheduled to ramp up by mid-2008. Estimated production is expected to be about 70 MMcf/d of gas and 125,000 b/d of oil. Construction of the massive project began in late 2005, but a contractor discovered the mooring system problems in June after finding a problem on a similar installation for another producer (see Daily GPI, June 29).
FERC Environmental Schedule Could Delay REX-East by Six Months
The third and final leg of the $4 billion Rockies Express Pipeline, which has been targeted for in-service in January 2009, could be delayed by up to six months if the FERC schedule for environmental review of the project is not changed, project sponsors told FERC.
BP Prioritizes Thunder Horse, Atlantis GOM Projects
BP plc, the largest acreage holder in the deepwater Gulf of Mexico (GOM), will postpone some of its big projects offshore to concentrate on completing the long-delayed Thunder Horse and Atlantis subsea structures.