Gives

El Paso ‘Encouraged’ by Ethane Expansions on Gulf Coast

Recent announcements by Dow Chemical Co. and others to expand chemical facilities to take advantage of shale gas supplies gives new impetus to El Paso Corp.’s proposed pipeline from the Marcellus Shale to the Gulf Coast, CEO Doug Foshee said Thursday.

May 6, 2011

Anadarko Strikes Eagle Ford JV with Korea National

Anadarko Petroleum Corp. and a unit of Korea National Oil Corp. (KNOC) have struck a joint venture (JV) agreement that gives KNOC one-third of Anadarko’s interest in its southwest Texas Maverick Basin assets in the Eagle Ford Shale for about $1.55 billion.

March 28, 2011

Anadarko Strikes Eagle Ford JV with Korea National

Anadarko Petroleum Corp. and a unit of Korea National Oil Corp. (KNOC) have struck a joint venture (JV) agreement that gives KNOC one-third of Anadarko’s interest in its southwest Texas Maverick Basin assets in the Eagle Ford Shale for about $1.55 billion.

March 22, 2011

Utility Chief Credits Shales for Price Stability

Even with an energy industry “sea change” to renewables, the Los Angeles Department of Water and Power (LADWP) remains reliant on natural gas and the industry’s current shale boom, General Manager Ron Nichols told NGI’s Shale Daily on Thursday.

March 7, 2011

New Moratorium on Deepwater Drilling Would End Nov. 30

Interior Secretary Ken Salazar Monday issued a new moratorium on deepwater drilling in the Gulf of Mexico (GOM) that, unlike the initial moratorium, gives a date-certain for when it would end — Nov. 30.

July 13, 2010

J.P. Morgan, Cheniere Partnering at Sabine Pass

J.P. Morgan and Cheniere Energy Inc. have joined forces in the global liquefied natural gas (LNG) market in a deal that gives the gas and power trading house access to regasification capacity at Cheniere’s Sabine Pass terminal in Louisiana.

April 5, 2010

J.P. Morgan, Cheniere Partnering at Sabine Pass

J.P. Morgan and Cheniere Energy Inc. have joined forces in the global liquefied natural gas (LNG) market in a deal that gives the gas and power trading house access to regasification capacity at Cheniere’s Sabine Pass terminal in Louisiana.

April 5, 2010

J.P. Morgan Takes Louisiana LNG Regas Capacity

J.P. Morgan and Cheniere Energy Inc. have joined forces in the global liquefied natural gas (LNG) market in a deal that gives the gas and power trading house access to regasification capacity at Cheniere’s Sabine Pass terminal in Louisiana.

April 5, 2010

Industry Briefs

An El Paso Corp. subsidiary has renewed a contract with the Navajo Nation, which gives the Houston-based pipeline operator the right to ship natural gas across more than 900 miles of tribal lands in Arizona, Nevada, New Mexico and California. No financial details were disclosed. Three years ago El Paso Natural Gas Co. and the Navajo Nation signed an interim agreement that ended a stalemate over the fair dollar value of the gas pipeline’s access to tribal lands (see Daily GPI, Jan. 18, 2006). The interim agreement allowed El Paso to continue to transport around 2.7 Bcf/d across the disputed area, and it also gave the parties time to renegotiate a longer-term agreement for right of way (ROW) access. In September 2006 El Paso’s offer of nearly $200 million to renew a 20-year contract was rejected. At that time, the Navajo Nation demanded $440 million for the ROW, which was around twice El Paso’s original offer (see Daily GPI, Oct. 3, 2005).

January 23, 2009

Alaska Inks Pipeline License with TransCanada

Alaska officials Friday signed a license agreement that gives TransCanada Alaska LLC (TC Alaska) and affiliate Foothills Pipe Lines Ltd. the concession to construct a pipeline to tap the state’s North Slope gas reserves.

December 9, 2008