Gulf

Natural gas prices for Friday delivery fell a nickel on average Thursday as most traders elected to get their deals done ahead of a government storage report that was expected to have bearish overtones.

Natural gas pipelines on Destin Pipeline Co.’s system operated by BP Pipelines in the central and eastern Gulf of Mexico (GOM) were in phase 2 of their severe weather contingency plan with all nonessential personnel preparing for evacuation in preparation for what could be the first real tropical storm threat to U.S. energy interests this year, Destin said Wednesday.

Shale-driven natural gas liquids (NGL) supplies are pushing midstream companies to pursue additional capacity to export propane and/or butane from the Gulf Coast. Two new projects would offer combined loading capacity of 36,000 bbl per hour for export.

The second phase of the multi-district litigation (MDL) against BP plc concerning the Macondo well blowout got underway Monday in New Orleans, with lawyers battling it over the amount of oil spilled into the Gulf of Mexico for 87 days beginning April 20, 2010.

Closing out a disjointed week of ups and downs, physical natural gas prices for weekend and Monday delivery stayed the course Friday with most points adding or subtracting a few pennies to a nickel.

Royal Dutch Shell plc has chosen Ascension Parish in Louisiana as the location for a potential multi-billion-dollar natural gas-to-liquids (GTL) facility.

Gulf South Pipeline Co. LP is targeting growing industrial demand in the Baton Rouge-New Orleans, LA, region with a potential expansion of its system that would tap shale gas supplies from multiple basins. The project joins another targeting a similar market from rival Spectra Energy Transmission.

Gulf South Pipeline Co. LP is targeting growing industrial demand in the Baton Rouge-New Orleans, LA, region with a potential expansion of its system that would tap shale gas supplies from multiple basins. The project joins another targeting a similar market from rival Spectra Energy Transmission.

FERC Thursday approved Gulf Crossing Pipeline Co. LLC’s proposal to build and operate lateral facilities that would provide firm transportation services to a natural gas-fueled, combined cycle power plant that is under construction in Sherman, TX, which is 60 miles north of Dallas and near the Barnett Shale.