Developments

BP plc’s Gulf of Mexico (GOM) assets are a solid part of the portfolio, but the producer plans to review equipment and procedures before moving forward with any developments, CEO Bob Dudley said Tuesday.

Midstream operator Frontier Gas Services LLC said Wednesday it has acquired two more natural gas gathering systems in Arkansas’ Fayetteville Shale, adding to the four it already operates in the play.

Midstream operator Frontier Gas Services LLC said Wednesday it has acquired two more natural gas gathering systems in Arkansas’ Fayetteville Shale, adding to the four it already operates in the play.

Shell Gas & Power Developments BV Tuesday signed a master agreement with a consortium composed of Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to 15 years, Royal Dutch Shell plc said.

There is the potential for new natural gas supplies as part of the deal being worked out to resolve California’s $26 billion budget deficit (see Daily GPI, July 23), a Houston-based spokesperson for Plains Exploration and Production Co. (PXP) told NGI Thursday. PXP is in line to be the developer of the first new offshore drilling along the California coast in 40 years.

Black Hills Corp., in the face of “extraordinary developments in the financial sector,” has revised projections for this year and next, cutting 2009 capital expenditures (capex) in half and going for continuing bridge loans instead of the previously planned long-term funding of its $383 million acquisition debt.

Black Hills Corp., in the face of “extraordinary developments in the financial sector,” has revised projections for this year and next, cutting 2009 capital expenditures (capex) in half and going for continuing bridge loans instead of the previously planned long-term funding of its $383 million acquisition debt.

The spate of producer-driven pipeline developments taking place today to move gas out of the Rockies and Midcontinent will result in infrastructure that is markedly different from what the gas industry has known during the last decade or two, a consultant told a Houston audience of pipeliners last week.

The spate of producer-driven pipeline developments taking place today to move gas out of the Rockies and Midcontinent will result in infrastructure that is markedly different from what the gas industry has known during the last decade or two, a consultant told a Houston audience of pipeliners Thursday.