Inks

Continuing to look for new ways to bring liquefied natural gas (LNG) to the United States, Statoil said last week that it signed a three-year agreement for about 35.3 Bcf/year of LNG from Algerian state oil company Sonatrach. Statoil will begin delivering the LNG to Dominion’s Cove Point LNG terminal in Maryland this month.

Continuing to look for new ways to bring liquified natural gas (LNG) to the United States, Statoil said Tuesday that it has entered into an agreement that will have Algerian state oil company Sonatrach supply LNG to Statoil at the Cove Point terminal in Maryland under a three-year contract.

After struggling for more than a year to sell Portland General Electric (PGE), Enron Corp. finally reached a $2.35 billion deal, including the assumption of $1.1 billion in debt, last Tuesday with a new company funded by a private investment group and run by local business and community leaders.

After struggling for more than a year to sell Portland General Electric (PGE), Enron Corp. finally reached a $2.35 billion deal, including the assumption of $1.1 billion in debt, Tuesday with a new company funded by a private investment group and run by local business and community leaders.

Denver-based Westport Resources Corp. said it has agreed to purchase 211 Bcfe of oil and natural gas reserves in South Texas from privately held United Resources for $350 million. The reserves are 97% natural gas and 60% proved developed and are yielding 78 MMcfe/d of production. Westport expects to operate approximately 86% of the net production.

Denver-based Westport Resources Corp. said it has agreed to purchase 211 Bcfe of oil and natural gas reserves in South Texas from privately held United Resources for $350 million. The reserves are 97% natural gas and 60% proved developed and are yielding 78 MMcfe/d of production. Westport expects to operate approximately 86% of the net production.

Coming as the largest U.S. liquefied natural gas (LNG) supply agreement signed to date, ExxonMobil Corp. and Qatar Petroleum have entered into a $12 billion deal to bring LNG to the United States from Qatar for an expected 25-year period. ExxonMobil also said that it is examining four potential U.S. sites to build LNG import and regasification terminals.

Coming as the largest U.S. liquefied natural gas (LNG) supply agreement signed to date, Exxon Mobil Corp. and Qatar Petroleum have entered into a $12 billion deal to bring LNG to the United States from Qatar for an expected 25-year period. ExxonMobil also said that it is examining four potential U.S. sites to build LNG import and regasification terminals.

Cheniere Energy Inc. moved a step closer to developing two new LNG import terminals at Corpus Christi, TX, and Sabine Pass, LA, signing an agreement with Bechtel Corp. for engineering, procurement and construction (EPC) of the facilities. Bechtel will work over the next few months to develop a lump-sum turnkey estimate for the terminals, based on the front end engineering design (FEED) currently being completed.