Intention

Williams has no intention to delay any of its natural gas exploration and production (E&P) operations in the Rocky Mountains — even with the basis blowouts that have decimated gas prices in the region over the past few months.

Williams has no intention to delay any of its natural gas exploration and production (E&P) operations in the Rocky Mountains — even with the basis blowouts that have decimated gas prices in the region over the past few months.

After being outbid twice in its hostile takeover battle for the shares of Canada Southern Petroleum, Petro Canada said Thursday that it had no intention of raising its offer for a third time. White knight Canadian Oil Sands bested Petro-Canada’s latest $13/share offer by a dime on Wednesday, retaining the favor of the Canada Southern board.

Although it would be easier for oil and natural gas operators to look for new resources, the Texas Railroad Commission has no intention of reducing the financial assurance bonding requirements for offshore wells, a state commissioner said Tuesday.

Signaling its intention to keep growing, the energy and metals trading unit of San Diego-based Sempra Energy announced last week that it completed a $1 billion two-year committed credit facility to help finance its global operations that include the marketing and trading of physical and financial commodity products, including natural gas, electricity, petroleum products and base metals.

President Bush Monday announced his intention to nominate Suedeen G. Kelly of New Mexico to serve on the Federal Energy Regulatory Commission. The nomination of Kelly, a Democrat, is expected to pave the way for Senate approval of Republican Joseph T. Kelliher, whose nomination has been blocked by Senate Democrats (see Daily GPI, Feb. 27).

In an unusual move Wednesday, the Federal Energy Regulatory Commission, without any prodding from the courts, vacated an order that authorized Transcontinental Gas Pipe Line to spin off its 400-mile South Texas mainline and lateral facilities to an unaffiliated Texas intrastate pipeline, Enbridge Pipelines LP.

FERC last Wednesday signaled its intention to conditionally approve choices made by former Alliance regional transmission organization (RTO) members to make their RTO homes in either the PJM Interconnection or the Midwest Independent Transmission System Operator (MISO).

The Alaska House of Representatives has sent a strong message to gas producers, who so far have been pessimistic about building a privately-owned pipeline system to transport Alaska’s vast natural gas resources to markets in the Lower 48 states: “Build it or we will.” The House passed a bill last Monday sponsored by Rep. Jim Whitaker (R-Fairbanks) to authorize a feasibility study of the state building its own gas line.