The U.S. House of Representatives on Thursday approved a bill that its sponsor, Rep. Doc Hastings (D-WA), said would increase domestic oil and natural gas production by requiring the Obama administration to move on offshore lease sales, including off the coast of Virginia, and in areas of the National Petroleum Reserve in Alaska (NPR-A).
Articles from Hastings
Citing an electrical problem at the Hastings Extraction Plant, Dominion said it was required to take most of its wet gas system out of service immediately Wednesday. Barring unforeseen circumstances, the outage is expected to last two days, it added. Dominion said it had made arrangements to move some of the wet gas off system to Equitrans. Production physically located in the 3401, 3402, 3403, 3404, 3405, 3406, 3407, 3408, 3409 bubbles behind Camden Station and bubbles 3304, 3305 and 3303 behind Kennedy Station may stay online during this outage, Dominion said, while pool operators must shut in all other gas in the wet system.
El Paso Corp. has agreed to sell its 33.3% interest in a portion of its Australian pipeline holdings to Hastings Funds Management for $48 million. The assets include 1,180 miles of pipelines in South Australia, Queensland and Western Australia. The deal is expected to close in the second quarter. It is part of El Paso’s plan to reduce debt, net of cash, to $15 billion by year-end 2005. To date, the company has announced or closed $3 billion of the $3.3-3.9 billion in sales targeted under the plan.