Dynegy, which started life as the Natural Gas Clearinghouse in the 1980s, would cut the cord on its last tie to the natural gas business with its proposed sale of its extensive midstream natural gas liquids (NGL) asset and marketing network, a move that analysts say could bring in as much as $3 billion. The Houston-based company put its NGL business on the market with an announcement Monday.
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OPS Seeks Public Comments on Stress-Corrosion Cracking Report
Stress-corrosion cracking (SCC) is a far more extensive problem on natural gas pipelines and hazardous liquid pipelines in Canada than in the United States, according to a draft version of a joint study released by the Office of Pipeline Safety (OPS) Friday.
OPS Seeks Public Comments on Stress-Corrosion Cracking Report
Stress-corrosion cracking (SCC) is a far more extensive problem on natural gas pipelines and hazardous liquid pipelines in Canada than in the United States, according to a draft version of a joint study released by the Office of Pipeline Safety (OPS) Friday.
Extensive Alberta Coalbed Methane Poised for Rapid Development
After prolonged gestation as a technical research project, coalbed methane is being born as a new branch of Canadian natural gas production this year with expectations that it will grow rapidly.
Mackenzie Pipeline Delayed; Extensive, Complex Environmental Review Required
Canada’s northern gas project has quietly dropped its target of this summer for filing completed construction applications, saying the process has become too complicated to rush.
Mackenzie Pipeline Delayed; Extensive, Complex Environmental Review Required
Canada’s northern gas project has quietly dropped its target of this summer for filing completed construction applications, saying the process has become too complicated to rush.
Husky Extends CBM Exploration Joint Venture with Trident
Calgary-based Husky Energy Inc., one of Canada’s largest integrated producers, better known for a portfolio of heavy oil prospects, on Tuesday announced a two-year extension of a farm-out and joint venture agreement with privately held Trident Exploration Corp. to develop natural gas from coal (NGC) and coalbed methane (CBM) in central Alberta. The agreement calls for another 120 wells to be drilled over the next two years in the Fenn Rumsey area.
Producers Plan Extensive Mackenzie Delta Exploration
Rising expectations for completion of the proposed Mackenzie Valley Pipeline are lighting a fire under natural gas exploration along the 1,220-kilometer (760-mile) route through Canada’s Northwest Territories from the coast of the Beaufort Sea to Alberta. A week after the pipeline’s sponsors set a 2006 target for starting pipeline construction, 10 gas producers scooped up a total of 776 square miles of drilling rights in five leases in the valley and on the Mackenzie Delta.
Marathon Solicits Bids for Pennaco CBM Operations
Marathon Oil Corp. is soliciting offers for subsidiary Pennaco Energy Inc.’s extensive coalbed methane (CBM) assets in the Powder River Basin of Wyoming and Montana. The producer paid $500 million for the Denver-based company in 2000 (see NGI, April 30, 2001).
Marathon Solicits Bids for Pennaco CBM Operations
Marathon Oil Corp. said Tuesday it is soliciting offers for subsidiary Pennaco Energy Inc.’s extensive coalbed methane (CBM) assets in the Powder River Basin of Wyoming and Montana. The producer paid $500 million for the Denver-based company in 2000 (see Daily GPI, Dec. 27, 2000).