Favorable

FERC granted a favorable preliminary determination on non-environmental grounds to the Georgia Strait Crossing project Wednesday. The 47.5-mile, 16-inch and 20-inch diameter pipeline would deliver 95,700 Dth/d of gas to Vancouver Island from connections with Northwest Pipeline and Westcoast Energy near Sumas, WA.

The first full week of debate on the Senate omnibus energy bill wasn’t particularly favorable for the natural gas industry, as lawmakers adopted amendments that mandated the Alaska Highway as the route for a proposed North Slope gas pipeline, folded a controversial pipeline-safety measure into the energy bill that mandates pipeline inspections every five years, and ordered a study of whether the federal government should expand controls on hydraulic fracturing as a means to produce gas.

FERC issued favorable preliminary determinations on non-environmental grounds last week on two major pipeline expansion projects, one of which would double Kern River Gas Transmission pipeline capacity to California. The other project, Florida Gas Transmission’s (FGT) $105.4 million Phase VI expansion, would provide 85,356 Dth/d of additional pipeline capacity for markets in Mississippi, Louisiana, Alabama and Florida.

FERC issued favorable preliminary determinations on non-environmental grounds Wednesday on two major pipeline expansion projects, one of which would double Kern River Gas Transmission pipeline capacity to California. The other project, Florida Gas Transmission’s (FGT) $105.4 million Phase VI expansion, would provide 85,356 Dth/d of additional pipeline capacity for markets in Mississippi, Louisiana, Alabama and Florida.

Drilling companies Global Marine Inc. and Santa Fe International Corp. completed their $2.3 billion merger of equals after favorable shareholder votes Tuesday. The combined company will have a large fleet of 59 offshore drilling rigs and 31 land rigs. Under the terms of the deal each share of Global Marine stock was converted into 0.665 of an ordinary share of GlobalSantaFe. Santa Fe International ordinary shares will trade as GlobalSantaFe ordinary shares. The combined company will have approximately 233 million shares outstanding. “Meeting the challenges of our marketplace requires a company that can embrace the changing needs of our customers as well as maintain the financial strength necessary to operate effectively through volatile business cycles,” said GlobalSantaFe CEO C. Stedman “Sted” Garber. GlobalSantaFe’s fourteen-member board of directors includes seven directors from Global Marine’s previous board and seven directors from Santa Fe International’s previous board.

FERC last week issued a favorable preliminary determination on non-environmental issues to Northwest Pipeline’s proposed 49-mile Grays Harbor Lateral, which would deliver up to 161,500 Dth/d of gas to Duke Energy Grays Harbor LLC’s proposed power plant in the state of Washington. The $75.2 million pipeline project includes two 16-inch diameter taps and would have 4,700 hp of compression from the Turnwater Station.

FERC issued a favorable preliminary determination on non-environmental grounds Wednesday to Northwest Pipeline’s proposed 49-mile Grays Harbor Lateral, which would deliver up to 161,500 Dth/d of gas to Duke Energy Grays Harbor LLC’s proposed power plant in the state of Washington. The $75.2 million pipeline project includes two 16-inch diameter taps and would have 4,700 hp of compression from the Turnwater Station.

The Federal Energy Regulatory Commission (FERC) last week issued a favorable preliminary determination on non-environmental grounds to Tuscarora Gas Transmission’s Wadsworth Lateral, a 14.2-mile pipeline extension and associated facilities that would increase Tuscarora’s transportation capacity by 95,912 Dth/d. The lateral would extend from Tuscarora’s mainline in northern Washoe County, NV, to an interconnect with Pauite Pipeline in Nevada.

The Federal Energy Regulatory Commission (FERC) has issued a favorable preliminary determination on non-environmental grounds to Tuscarora Gas Transmission’s Wadsworth Lateral, a 14.2-mile pipeline extension and associated facilities that would increase Tuscarora’s transportation capacity by 95,912 Dth/d. The lateral would extend from Tuscarora’s mainline in northern Washoe County, NV, to an interconnect with Paiute Pipeline in Nevada.