Financial

Connecticut NatGas Expansion to Cost LDCs $2.26B

Connecticut Gov. Dannel Malloy’s energy plan, which calls for the construction of 900 miles of natural gas mains and a host of financial and regulatory changes to make gas available to as many as 300,000 homes and businesses, would cost the state’s natural gas local distribution companies (LDC) $2.26 billion, according to the state’s Public Utilities Regulatory Authority (PURA).

March 18, 2013

Connecticut NatGas Expansion Would Cost LDCs $2.26B, Regulators Say

Connecticut Gov. Dannel Malloy’s energy plan, which calls for the construction of 900 miles of natural gas mains and a host of financial and regulatory changes to make gas available to as many as 300,000 homes and businesses, would cost the state’s natural gas local distribution companies (LDC) $2.26 billion, according to the state’s Public Utilities Regulatory Authority (PURA).

March 12, 2013

U.S. Delay Postpones Nexen-CNOOC Closing for 30 Days

Nexen Inc. and CNOOC Ltd. have pushed back by 30 days the completion of the Canadian company’s C$15.1 billion takeover by the arm of state-controlled China National Offshore Oil Co.

January 29, 2013

EDF Buys ConocoPhillips’ Midwest C&I Gas Portfolio

Europe’s EDF Trading has acquired ConocoPhillips’ Midwest commercial and industrial (C&I) natural gas portfolio, the EDF Group subsidiary said Thursday. Financial details of the transaction were not disclosed.

January 11, 2013

Chevron, Apache Become British Columbia Partners

Chevron Corp. subsidiary Chevron Canada Ltd. will acquire a 50% operating interest in the Kitimat, British Columbia (BC), liquefied natural gas (LNG) export project and proposed Pacific Trail Pipeline (PTP), and a 50% interest in 644,000 acres of petroleum and natural gas rights in the Horn River and Liard basins in BC, and be a partner in the project and acreage with Apache Corp., the companies said Monday.

December 26, 2012

Williams Buys Half of Chesapeake’s Former Midstream Business

Williams, which has been expanding its onshore presence in the Marcellus and Utica shales, late Tuesday snagged a deal to significantly expand its onshore footprint in a $2.4 billion transaction to acquire half of the natural gas pipeline system once owned by Chesapeake Energy Corp.

December 13, 2012

Most EQT Spending, Drilling in 2013 Will Target Marcellus

EQT Corp. plans to spend $1.5 billion on capital expenditures (capex), drill more than 170 wells and invest $320 million in midstream projects in 2013, according to the company’s operational forecast released Tuesday.

December 6, 2012

Little Connecticut Unveils Big Natural Gas Appetite

Connecticut should build 900 miles of natural gas mains and use financial and regulatory changes to make gas available to as many as 300,000 homes and businesses, according to a draft 2012 Comprehensive Energy Strategy unveiled Friday by Gov. Dannel Malloy.

October 8, 2012

Little Connecticut Unveils a Big Natural Gas Appetite

Connecticut should build 900 miles of natural gas mains and use financial and regulatory changes to make gas available to as many as 300,000 homes and businesses, according to a draft 2012 Comprehensive Energy Strategy unveiled Friday by Gov. Dannel Malloy.

October 8, 2012

Venoco: California’s Urban, Monterey Shale Player

Denver-based exploration and production (E&P) independent Venoco Inc. drew attention in a recent financial commentary citing the renewed oil/gas production in formerly depleted fields in and around Los Angeles as proof that E&P activity can coexist in heavily populated urban areas (see Daily GPI, July 8).

October 2, 2012