FERC has given Transcontinental Gas Pipe Line (Transco) the go-ahead to place into service the remaining facilities that are part of the first phase of its 225,000 Dth/d expansion of its system to serve growing natural gas markets in the Southeast region.
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Sempra Natural Gas Utility Pipe Plans Questioned
More long-term detail needs to be given and more consideration for who is paying for the proposed $1.4 billion, four-year upgrade to the plans submitted by Sempra Energy’s Southern California Gas Co. (SoCalGas) for its natural gas pipelines, which were submitted last year to the California Public Utilities Commission (CPUC), according to the Division of Ratepayer Advocates (DRA), the commission’s ratepayer advocacy unit.
Proposed Bakken Pipe Signs Anchor Shipper, Blasts Enbridge
Backers of the proposed High Prairie Pipeline for taking away burgeoning Bakken Shale play oil supplies fired two shots Tuesday in an attempt to untangle their 450-mile, 16-inch diameter pipeline project. They contracted with an anchor shipper for the line and filed a second complaint with a federal agency against Enbridge Energy Partners LP for blocking an interconnection of the proposed pipeline.
BHP Unleashes $708M for Second Mad Dog Platform in Deepwater Gulf
BHP Billiton has agreed to provide $708 million in pre-commitment funding for phase two of the BP plc-operated Mad Dog project in the deepwater Gulf of Mexico (GOM).
Transco Primed to Deliver for Marcellus Customers, Says Williams CEO
Williams management said Thursday it is primed for continued growth from the Marcellus Shale because producers want more natural gas takeaway capacity and stalwart Transcontinental Gas Pipe Line (Transco) is ready to deliver the goods.
Liquids Focus in Onshore, Offshore Gives E&Ps an Edge, Says Credit Suisse
Given the continued weak outlook for U.S. natural gas, explorers with exposure to high rates of return (ROR) in liquids-focused plays, both in the onshore, as well as the shallow waters of Gulf of Mexico’s Outer Continental Shelf, provide the best upside going forward, according to the energy team at Credit Suisse.
Industry Briefs
The ConocoPhillips board of directors has given final approval to spin off the downstream businesses as Phillips 66 at close of business on April 30, which would result in ConocoPhillips becoming the largest pure-play, upstream independent in North America (see NGI, July 18, 2011). The companies would be headquartered in Houston. Chairman and CEO Ryan Lance would lead ConocoPhillips. Phillips 66, to be traded on the New York Stock Exchange as “PSX,” would be led by Chairman and CEO Greg Garland and would comprise the refining and marketing; midstream and chemicals businesses.
Industry Brief
The ConocoPhillips board of directors has given final approval to spin off the downstream businesses as Phillips 66 at close of business on April 30, which would result in ConocoPhillips becoming the largest pure-play, upstream independent in North America (see Daily GPI, July 15, 2011). The companies would be headquartered in Houston. Chairman and CEO Ryan Lance would lead ConocoPhillips. Phillips 66, to be traded on the New York Stock Exchange as “PSX,” would be led by Chairman and CEO Greg Garland and would comprise the refining and marketing; midstream and chemicals businesses.
Utah Gas Production Plans Boosted by BLM
The prospects for expanding natural gas exploration and production (E&P) on federal Bureau of Land Management (BLM) lands in eastern Utah were given a boost by the federal agency on Friday, although the action drew strong opposition from environmental groups concerned about the impact on a rugged wilderness area.
Gas, Renewables Key to Revised California Energy Plan
Natural gas and renewables were given continuing starring roles in California’s energy future in a final 2011 Integrated Energy Policy Report (IEPR) approved Wednesday by the California Energy Commission (CEC), along with a series of clean transportation and research and development projects. The votes were 3-0 as the five-member CEC is still awaiting two governor-appointed commissioners.