Gives

FERC issued a policy statement Wednesday that gives interstate natural gas pipelines further guidance on how to evaluate the creditworthiness of shippers on their systems.

U.S. Rep. Joe Barton (R-TX), chairman of the House Energy and Commerce Committee, thinks that the House’s approach to the siting of liquefied natural gas (LNG) facilities, which gives states a significant role over the permitting and safety of LNG facilities, will ultimately prevail over the approach adopted in pending Senate energy legislation, which reinforces FERC’s claim of exclusive jurisdiction over the siting of LNG import terminals.

U.S. Rep. Joe Barton (R-TX), chairman of the House Energy and Commerce Committee, thinks that the House’s approach to the siting of liquefied natural gas (LNG) facilities, which gives states a significant role over the permitting and safety of LNG facilities, will ultimately prevail over the approach adopted in pending Senate energy legislation, which reinforces FERC’s claim of exclusive jurisdiction over the siting of LNG import terminals.

Marathon Oil Corp. shares were up slightly on Friday on the company’s preview of its fourth quarter and full year 2004 financial and operating results. Marathon reported that its estimated oil and natural gas production for the quarter will total 328,000 boe/d, slightly above previous guidance of 325,000 boe/d.

U.S. antitrust regulators on Tuesday cleared the path for Penn Virginia Resource Partners LP’s (PVR) purchase of natural gas gathering and processing assets in Oklahoma and Texas from Cantera Resources Holdings LLC, a portfolio company of Morgan Stanley Capital Partners, for $191 million in cash.

FERC has issued a favorable draft environmental approval for an ExxonMobil Corp. affiliate’s proposal to build a 1 Bcf/d liquefied natural gas (LNG) terminal near Corpus Christi, TX, and a 25-mile, 36-inch diameter gas sendout pipeline.

FERC has issued a favorable draft environmental approval for an ExxonMobil Corp. affiliate’s proposal to build a 1 Bcf/d liquefied natural gas (LNG) terminal near Corpus Christi, TX, and a 25-mile, 36-inch diameter gas sendout pipeline.

After endless complaints about the capacity problems on El Paso Natural Gas, FERC last Wednesday approved an uncontested settlement of the Order 637 issues on the pipeline, putting an end to the “very significant reliability concerns” and contract issues that wracked the system a few years ago.

After endless complaints about the capacity problems on El Paso Natural Gas, FERC on Wednesday approved an uncontested settlement of the Order 637 issues on the pipeline, putting an end to the “very significant reliability concerns” and contract issues that wracked the system a few years ago.