Direct

Centrica Unit Selling Three Gas-Fired Generators in Texas

Centrica plc North American subsidiary Direct Energy will sell three natural gas-fired power stations in Texas to The Blackstone Group LP for $685 million in cash, the UK utility said Wednesday.

December 20, 2013

ConocoPhillips Looking for Buyers to Finance U.S. Development

ConocoPhillips, the largest U.S. independent by market value, plans to sell stakes in an Australian project and in the Canada oilsands to direct more funds to U.S. onshore plays, CEO Ryan Lance said Thursday.

March 4, 2013

ConocoPhillips Looks to Finance U.S. Development

ConocoPhillips, the largest U.S. independent by market value, plans to sell stakes in an Australian project and in the Canada oilsands to direct more funds to U.S. onshore plays, CEO Ryan Lance said Thursday.

March 4, 2013

Anadarko Targets U.S. Onshore, Deepwater GOM

Anadarko Petroleum Corp. has unveiled a $7.2-7.6 billion capital expenditure (capex) plan for this year, and it plans to direct most of those funds to U.S. onshore and Gulf of Mexico (GOM), the operator said last week. The forecast capex for 2013 is sharply higher from a projection set last March of of $6.6-6.9 billion.

February 25, 2013

Cabot Production Up as Marcellus Midstream Expands

Houston-based Cabot Oil & Gas Corp. grew its natural gas production by 31% and its liquids production 61% during the third quarter compared to year-ago levels, the company said. It credited much of the growth to the Marcellus Shale, where infrastructure constraints that delayed some wells during the second quarter have been overcome.

October 29, 2012
Bakken Oil Producers Get New Rail Terminal Option

Bakken Oil Producers Get New Rail Terminal Option

Supply chain solutions company Savage has completed a terminal near Trenton, ND, with direct connection to BNSF Railway’s main line track, to gather crude oil from the Williston Basin and Bakken Shale and facilitate its transport to refinery markets.

August 30, 2012

Gasfrac Efforts Stall in Waterless Frack Market

Gasfrac Energy Services Inc., which has been attempting to muscle into the hydraulic fracturing (fracking) market with its waterless technology, hit some roadblocks in 2Q2012, in part because the pressure pumping market is bursting at the seams, company officials said Thursday.

August 13, 2012

House Panel Subpoenas Obama Officials on Moratorium Report

The House Natural Resources Committee last Wednesday authorized its chairman to subpoena five Obama administration officials who are said to have direct knowledge or involvement in the drafting, editing or review of an Interior Department report that recommended a moratorium on deepwater drilling in the Gulf of Mexico (GOM) in May 2010 following the Macondo well blowout (see NGI, April 26, 2010).

August 6, 2012

House Panel Subpoenas Obama Officials on Moratorium Report

The House Natural Resources Committee Wednesday authorized its chairman to subpoena five Obama administration officials who are said to have direct knowledge or involvement in the drafting, editing or review of an Interior Department report that recommended a moratorium on deepwater drilling in the Gulf of Mexico (GOM) in May 2010 following the Macondo well blowout (see Daily GPI, April 22, 2010).

August 2, 2012

PG&E’s Past Pipeline Work Questioned

Although there is no direct link to the catastrophic San Bruno pipeline rupture and explosion nearly two years ago, Pacific Gas and Electric Co. again was placed on the defensive by local news reports Tuesday suggesting that as recently as four years ago the combination utility was encouraging workers to defer a lot of distribution pipeline leak repairs.

July 18, 2012
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