A decision to spin off its exploration and production (E&P) unit as a pure-play producer will give Williams shareholders more opportunities to target their investments, CEO Alan Armstrong said Thursday.
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A decision to spin off its exploration and production (E&P) unit as a pure-play producer will give Williams shareholders more opportunities to target their investments, CEO Alan Armstrong said last week.
Recent announcements by Dow Chemical Co. and others to expand chemical facilities on advantageous shale gas supplies give new impetus to El Paso Corp.’s proposed pipeline from the Marcellus Shale to the Gulf Coast, CEO Doug Foshee said Thursday.
Omaha, NE-based TC PipeLines LP late Tuesday agreed to expand its reach in a $605 million transaction that would give it a one-quarter stake in two natural gas pipelines owned by TransCanada Corp.: Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC.
Independent oil billionaire T. Boone Pickens said Wednesday he was heartened by President Obama’s remarks on energy security and predicted the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act) would pass Congress with strong bipartisan support and be signed into law by Obama by year-end.
U.S. Rep. John Larson (D-CT) Monday said he would reintroduce the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act). Last year the measure failed to make it to a vote in the House of Representatives despite having wide support in the energy industry.
In a world of abundant North American natural gas and a new round of oil shocks, the parting of oil and gas prices has grown so wide (25-to-1, give or take) it’s as if the two never knew each other. Were they ever really linked, asks one analyst; while another notes that gas appears to have fallen out of step with the broader commodity basket.
New Mexico House Speaker Ben Lujan has introduced legislation to boost the use of natural gas as a transportation fuel. HB 198 would give consumers an alternative to soaring gasoline prices and providing some incentives to convert their vehicles to run on compressed or liquefied natural gas. Currently, there are nine natural gas transportation fueling stations in the state, and most of the natural gas vehicles (NGV) are owned by municipalities. Under the proposed law vehicle owners would be credited with 70% of the conversion costs to switch to an NGV after receiving a 40% federal tax credit between now and Jan.1, 2017. A similar bill passed the state’s House last year but died in the Senate Finance Committee. Lujan said the typical NGV costs about $1.76/gallon, compared with more than $3/gallon for gasoline-fueled vehicles.
Exchange representatives and end-users Thursday called on Congress to give the Commodity Futures Trading Commission (CFTC) more time — beyond the current July deadline — to implement final rules for the multi-trillion dollar derivatives market in the United States.