Grabbing

China’s largest producer, Sinopec International Petroleum Exploration and Production Corp., is grabbing access to Canada’s unconventional plays in northeastern British Columbia and the Deep Basin of Alberta through a C$2.2 billion cash deal with Calgary’s Daylight Energy Ltd.

In response to a series of headline-grabbing oil and natural gas pipeline explosions in recent months, Transportation Secretary Ray LaHood last Monday launched a national pipeline safety initiative aimed at repairing and replacing aging pipelines to avert potentially catastrophic incidents. The initiative includes several proposals that were contained in legislation sent to Congress last year.

In response to a series of headline-grabbing oil and natural gas pipeline explosions in recent months, Transportation Secretary Ray LaHood on Monday launched a national pipeline safety initiative aimed at repairing and replacing aging pipelines to avert potentially catastrophic incidents. The initiative includes several proposals that were contained in legislation sent to Congress last year.

W&T Offshore Inc. on Thursday said it has made good on its plan to pursue acquisitions this year by grabbing stakes in three offshore properties in the Gulf of Mexico (GOM) from the U.S. subsidiary of Total SA. The purchase price was not disclosed.

W&T Offshore Inc. on Thursday said it has made good on its plan to pursue acquisitions this year by grabbing stakes in three offshore properties in the Gulf of Mexico (GOM) from the U.S. subsidiary of Total SA. The purchase price was not disclosed.

The Walker Ridge in the Lower Tertiary of the deepwater Gulf of Mexico (GOM), which may — or may not — hold vast amounts of oil and natural gas reserves, captured the highest bid for a block in the Minerals Management Service’s (MMS) Central GOM sale last week.

Along with its two more headline-grabbing actions on electricity procurement and transmission, the California Public Utilities Commission last Thursday established a two-phase proceeding to be completed before the end of the year to “ensure reliable, long-term supplies of natural gas” are available to the state.

In the short term, more players will move onto the online trading field, grabbing up customers as independents, through consortiums with other companies, or proprietarily, like Enron has done. However, though there will be a some winners in every arena in the short term, eventually, more will end up in the losing category as traders move toward the most efficient and best access sites.

In the short term, more players will move onto the onlinetrading field, grabbing up customers as independents, throughconsortiums with other companies, or proprietarily, like Enron hasdone. However, though there will be a some winners in every arenain the short term, eventually, more will end up in the losingcategory as traders move toward the most efficient and best accesssites.