The Astoria, OR, port commission failed to give Oregon LNG the 30-year state land lease it needs to develop a liquefied natural gas (LNG) receiving terminal on a 96-acre tract on the Skipanon Peninsula near the mouth of the Columbia River. Because of pending litigation and an investigation, company executives said they could not comment on the port action. Oregon LNG backers contend they already had a commitment for a 30-year lease with the Oregon Department of State Lands, but the five-member Astoria Port Commission, following four hours of discussion, voted unanimously to extend the existing lease by only two years. Oregon LNG filed an application last October with the Federal Energy Regulatory Commission, noting that it was staying on schedule and the extensive application demonstrated the project, originally conceived by a Calpine Corp. affiliate, was still feasible and should be approved (see Daily GPI, April 28). FERC formally accepted the application, and the project already has completed local land-use approvals, according to Oregon LNG CEO Peter Hansen, who helped launch the project at Calpine. The commissioners faced an Aug. 31 deadline to act on what they said was a “pass-through lease” of state land for Oregon LNG. The port leased the land from the state and in turn subleased it to the LNG developer. The five-year terms expire this year.
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Now a Major Hurricane, Bill Stays at Sea
Though Bill remains hundreds of miles from the East Coast, it is now an “extremely dangerous” Category Four hurricane and could give the coast of New England a glancing blow by Sunday, the National Weather Service’s National Hurricane Center (NHC) said Wednesday.
Ana Sputters; Bill Could Clip New England Coastline
Hurricane Bill is strengthening in the Atlantic and could give the coast of New England a glancing blow this weekend, while Ana, which has lost much of its power since Monday, could still reform in the warm waters of the Gulf of Mexico (GOM).
Tom Hicks Takes Swing at E&P in Resolute Energy Deal
Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced last week, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.
Midcontinent Express Gets FERC Nod, Moves to Expand
Just days after FERC approved the mammoth pipeline project, backers of the Midcontinent Express Pipeline, which would give shale producers in Texas, Arkansas and Oklahoma access to southern and eastern markets, last Tuesday announced that they had completed a successful binding open season for a 300,000 Dth/d expansion of a portion of the planned system.
Tom Hicks Takes Swing at E&P in Resolute Energy Deal
Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced Monday, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.
Bentek: New Midcontinent Pipe Capacity, Drilling Plunge Lead to Mayhem
Completion this year of 3 Bcf/d of pipeline takeaway capacity within the 13-state Midcontinent region will give producers new marketing opportunities and improve regional pricing differentials, but the plunge in onshore gas drilling activity may have consequences, Bentek Energy reported last week.
Bentek: New Midcontinent Pipe Capacity, Drilling Plunge Lead to Mayhem
Completion this year of 3 Bcf/d of pipeline takeaway capacity within the 13-state Midcontinent region will give producers new marketing opportunities and improve regional pricing differentials, but the plunge in onshore gas drilling activity may have consequences, Bentek Energy said in a new report.
Bill to Allow Drilling in Florida State Waters Comes Under Fire
Sen. Bill Nelson (D-FL) has blasted a bill pending in the Florida House of Representatives that would give Gov. Charlie Crist and the cabinet the authority to consider and accept bids to explore for oil and natural gas in state waters.
Bill to Allow Drilling in Florida State Waters Comes Under Fire
Sen. Bill Nelson (D-FL) has blasted a bill pending in the Florida House of Representatives that would give Gov. Charlie Crist and the cabinet the authority to consider and accept bids to explore for oil and natural gas in state waters.
