Tennessee said it was allowing all production behind the Grand Chenier and Sabine processing plants that had been ordered to shut in Monday due to Tropical Storm Edouard to resume flows Wednesday.
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Industry Brief
GlobalSantaFe Corp. and Transocean Inc. have received approval from the Grand Court of the Cayman Islands of the proposed merger of GlobalSantaFe with a subsidiary of Transocean and related transactions (see Daily GPI, July 24). The parties have tentatively scheduled to complete the transactions Tuesday, subject to conditions. The proposed merger remains the subject of an investigation by the Office of Fair Trading for the United Kingdom (OFT). The companies said they expect that before Tuesday the OFT will announce its decision whether the merger raises competitive issues that could, in the absence of appropriate undertakings by the parties, warrant a reference to the Competition Commission of the United Kingdom for further review.
Judge Stops BLM Leasing on Colorado’s South Shale Ridge
A U.S. district judge vacated in part a plan by the Bureau of Land Management (BLM) to allow natural gas drilling on the South Shale Ridge north of Grand Junction, CO, because it violated the National Environmental Policy Act.
Shell Canada Going Unconventional, But Still Sweet on Foothills
Over the last few years Shell Canada Ltd. has acquired more than 300,000 acres worth of potential resource in the tight gas play around the Grand Prairie area of west-central Alberta. The company is now expecting to grow production from zero to about 100 MMcf/d by the end of next year and is well on the way to doing so, Ian Kilgour, Shell Canada senior vice president, exploration and production, said at a conference Wednesday.
Shell Canada Looks to Unconventional Gas, Not Soured on Foothills
Over the last few years Shell Canada Ltd. has acquired more than 300,000 acres worth of potential resource in the tight gas play around the Grand Prairie area of west-central Alberta. The company is now expecting to grow production from zero to about 100 MMcf/d by the end of next year and is well on the way to doing so, Ian Kilgour, Shell Canada senior vice president, exploration and production, said at a conference Wednesday.
Former El Paso Gas Trader Indicted on New Fraud, False Reporting Charges
A Houston grand jury returned a superseding indictment Wednesday that included new charges of false price reporting and wire fraud against a former natural gas trader of El Paso Merchant Energy.
Additional Charges Filed Against Former Dynegy, El Paso Gas Traders
A federal grand jury has added charges of false reporting and wire fraud against two former natural gas traders, Michelle Valencia, 34, formerly with Dynegy, and Greg Singleton, 38, formerly with El Paso Merchant Energy.
Indictment Against Enron’s Former CEO Skilling Apparently Near
A criminal indictment against former Enron Corp. CEO Jeffrey Skilling apparently may be brought to the federal grand jury in Houston within the next few days, sources close to the U.S. Justice Department indicated Friday. The department has had various ex-executives of Enron under the microscope for more than two years, but an indictment of Skilling, 50, would target the highest level executive yet.
Indictment Against Enron’s Former CEO Skilling Apparently Near
A criminal indictment against former Enron Corp. CEO Jeffrey Skilling apparently may be brought to the federal grand jury in Houston as soon as this week, sources close to the U.S. Justice Department indicated Friday. The department has had various ex-executives of Enron under the microscope for more than two years, but an indictment of Skilling, 50, would be its richest catch yet.
KeySpan, BG Plan to Convert Algonquin LNG into Import Receiving Terminal
KeySpan apparently had a grand design in mind when it purchased the Algonquin LNG peak shaving facility in Rhode Island from Duke Energy last December. The company has announced an agreement with BG LNG Services to upgrade the facility and turn it into an LNG import terminal that could be ready to take deliveries in 2005.