Inter Pipeline Fund said its Empress II processing plant in Alberta is now fully operational after being down for repairs due to damage caused by a thunderstorm on the evening of June 23. Empress I is the only straddle plant out of six in the area that remains out of service, a BP Canada spokeswoman said. BP operates several of the facilities for Inter Pipeline Fund and others.
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ANR Fills Existing Storage Capacity, Seeks Interest in Expansion
El Paso Corp. subsidiary ANR Pipeline Co. said Thursday that it has fully subscribed the company’s existing storage capacity through the 2006-2007 withdrawal season. In addition, the company announced that it is extending its non-binding open season for expansion of storage and associated transportation service at the request of customers.
NGI The Weekly Gas Market Report
CNOOC ‘Fully Prepared’ for U.S. Review of Unocal Offer; Analysts Expect Chevron to Prevail
Acknowledging concerns about China’s global economic ambitions, the CEO of China National Offshore Oil Corp. (CNOOC) said Friday that the company was “fully prepared” to participate in a U.S. government security review of the unsolicited offer to buy Unocal Corp. for $18.5 billion cash. CEO Fu Chengyu also said CNOOC would discuss selling some Unocal pipeline and storage assets, and consider putting some assets not involved in exploration and production “under American management.”
U.S. LNG Terminals Prepare for New Maritime Anti-Terrorist Laws
U.S. liquefied natural gas (LNG) terminals report they fully expect to be in compliance with the stepped-up maritime terrorist deterrence rules that are due to take effect in July, reducing the threat of disruptions to imports next summer.
U.S. LNG Terminals Prepare for New Maritime Anti-Terrorist Laws
U.S. liquefied natural gas (LNG) terminals report they fully expect to be in compliance with the stiffer maritime terrorist deterrence rules that are due to take effect in July, reducing the threat of disruptions to imports next summer.
New LNG Coalition Looks to Be Fully Operational in January
American Petroleum Institute (API) President Red Cavaney said last week at a two-day LNG Ministerial Summit in Washington, DC, that gas and oil industry associations will launch a new LNG coalition, The Center for Liquefied Natural Gas, in January. The coalition will provide public education regarding LNG and advocacy functions.
New LNG Coalition Looks to Be Fully Operational in January
American Petroleum Institute (API) President Red Cavaney said Wednesday at a two-day LNG Ministerial Summit in Washington, DC, that gas and oil industry associations will launch a new LNG coalition, The Center for Liquefied Natural Gas, in January. The coalition will provide public education regarding LNG and advocacy functions.
El Paso Says SEC Investigating Power Contract Restructurings
El Paso Corp. said last week it would cooperate fully with a Securities and Exchange Commission (SEC) investigation that apparently is focused principally on the company’s power plant contract restructurings, related disclosures and accounting, including in particular its Eagle Point transaction that was completed last year.
El Paso Says SEC Investigating Power Contract Restructurings
El Paso Corp. said it intends to cooperate fully with a Securities and Exchange Commission (SEC) investigation that apparently is focused principally on the company’s power plant contract restructurings, related disclosures and accounting, including in particular its Eagle Point transaction that was completed last year.
CCRO Backs Safe Harbor for ‘Non-Criminal’ Mistakes in Price Reporting
The Committee of Chief Risk Officers (CCRO) said it fully supports the concept of a “safe harbor” that would legally protect energy companies who make unintentional, “non-criminal errors” when reporting prices on natural gas and power trades to publishers of price indexes, noting it would pave the way for greater industry participation in the indexes.