Eyes

Cheniere Energy said it has signed an option agreement with Atlantic Marine Inc. for the purchase of an industrial site on Pinto Island in Mobile Bay, AL, where the company is considering building its next liquefied natural gas (LNG) receiving terminal.

As Pacific Gas and Electric Co. was cranking up on implementing a second iteration (Gas Accord II) of its transmission backbone unbundling late last week, a proposed decision from an administrative law judge at the California Public Utilities Commission was circulating to finally implement a comprehensive unbundling of the Southern California Gas Co. transmission pipeline/underground storage system in the southern half of the state.

Cheniere Energy said it has signed an option agreement with Atlantic Marine Inc. for the purchase of an industrial site on Pinto Island in Mobile Bay, AL, where the company is considering building its next liquefied natural gas (LNG) receiving terminal.

Repair of the second rupture on TransCanada Pipeline Ltd.’s Nova system is progressing and the company said it expects that the section will be ready “sometime Thursday” for commercial operation, barring any unforeseen delays.

Devon Energy Corp.’s Canadian subsidiary is looking for partners to share the risk in a hunt for natural gas offshore the Mackenzie Delta, a company executive said Thursday. The Oklahoma City-based independent hasn’t explored in the Far North region in more than 15 years, but is ready to become a player there once again.

With hints of increasing earnings projections for the full year next month, San Diego-based Sempra Energy’s CEO Steve Baum told a Wall Street audience last Wednesday that Sempra has carved out a major role in both natural gas and liquefied natural gas (LNG) marketing. Separately, on its electric side, Sempra is trying to start discussions for a global settlement with California officials regarding a long-term power supply contract with the state Department of Water Resources (DWR) and related litigation stemming from the state’s 2000-2001 energy crisis.

With hints of increasing earnings projections for the full year next month, San Diego-based Sempra Energy’s CEO Steve Baum told a Wall Street audience Wednesday that Sempra has carved out a major role in both natural gas and liquefied natural gas (LNG) marketing. Separately, on its electric side, Sempra is trying to start discussions for a global settlement with California officials regarding a long-term power supply contract with the state Department of Water Resources (DWR) and related litigation stemming from the state’s 2000-2001 energy crisis.

With its Equatorial Guinea liquefied natural gas (LNG) project well along, Marathon Oil Corp. should have a “definitive supply agreement” by the end of this year for the equivalent of 3.4 metric tons of LNG annually over a 17-year period, according to Clarence Cazalot, Marathon’s CEO, who spoke Wednesday at the three-day Lehman Brothers Energy/Power Conference in New York City.

With its Equatorial Guinea liquefied natural gas (LNG) project well along, Marathon Oil Corp. should have a “definitive supply agreement” by the end of this year for the equivalent of 3.4 metric tons of LNG annually over a 17-year period, according to Clarence Cazalot, Marathon’s CEO, who spoke Wednesday at the three-day Lehman Brothers Energy/Power Conference in New York City.