Each

Liquefied natural gas for the U.S. market is becoming more viable with each passing week, and now, a Houston-based company has firmed up its plans to build the first of three Gulf Coast receiving terminals, while an international company announced it is negotiating with several U.S. buyers for its future Egyptian LNG supplies.

Liquefied natural gas for the U.S. market is becoming more viable with each passing week, and yesterday, a Houston-based company firmed up its plans to build the first of three Gulf Coast receiving terminals, while an international company announced it is negotiating with several U.S. buyers for its future Egyptian LNG supplies.

In a week marked by dealing and squealing on each side, Canadian Superior Energy Inc. said last week that Canadian 88’s decision to “arbitrarily postpone” a special shareholders’ meeting to vote on a takeover bid proposed by Canadian Superior was imposing an “unnecessary delay on its own shareholders” and was continuing to “fail to provide shareholders with an alternative transaction, or even to indicate a going forward strategy for the company.”

While the political battleground in Florida grew bloodier witheach passing day last week, natural gas pipelines eager to servethe growing market reached a truce agreement of sorts that callsfor Duke Energy and Williams to purchase the proposed GulfstreamNatural Gas System from The Coastal Corp. and ditch their competingBuccaneer Pipeline project for the state.

While the political battleground in Florida grew bloodier witheach passing day last week, natural gas pipelines eager to servethe growing market reached a truce agreement of sorts that callsfor Duke Energy and Williams to purchase the proposed GulfstreamNatural Gas System from The Coastal Corp. and ditch their competingBuccaneer Pipeline project for the state.

With total electricity sales likely to creep along at a snail’space of 1.2% growth each year over the next five years, picking theright market to set up shop could be the difference between lifeand death for many power marketers and utilities, according to apresentation made last week by Mark J. Bock, senior economist onelectric power from WEFA Inc.

With transmission grids struggling with each new summer heatwave, an aspiring California-based company pushing off-gridmicroturbines, Capstone Turbine Corp., launched a successfulinitial public offering (IPO) Thursday, raising $130 million, andclosing the first day of trading, June 29, at almost $48/share,three times the initial asking price of $16. Friday’s close was$45.06 after hitting a high for the day of $49-plus.

With transmission grids struggling with each new summer heatwave, an aspiring California-based company pushing off-gridmicroturbines, Capstone Turbine Corp., launched a successfulinitial public offering (IPO) Thursday, raising $130 million, andclosing the first day of trading, June 29, at almost $48/share,three times the initial asking price of $16. Friday’s close was$45.06 after hitting a high for the day of $49-plus.

Three men pleaded guilty this week in Houston to one count eachof wire fraud charges related to the bilking of hundreds ofthousands of dollars from the Coastal Corp.