Laden

A unit of Tokyo Gas Co. Ltd. is buying an undivided 25% interest in the Barnett Shale assets of Quicksilver Resources Inc. for $485 million, marking a milestone for the debt-laden Fort Worth, TX-based producer, which has long sought a Barnett partner.

Debt- and dry gas-laden Quicksilver Resources Inc. posted a hefty loss for the second quarter, largely due to a nearly $1 billion asset impairment reflecting low commodity prices. Last week management talked up plans to right the balance sheet and weather the low-price period with spending cuts and other measures.

Debt- and dry gas-laden Quicksilver Resources Inc. posted a hefty loss for the second quarter, largely due to a nearly $1B asset impairment reflecting low commodity prices. On Tuesday management talked up plans to right the balance sheet and weather the low-price period with spending cuts and other measures.

The Los Angeles County Metropolitan Transportation Authority (LAMTA), the largest public transportation system in car-laden Southern California, is operating the nation’s largest natural gas-powered bus fleet, and Seal Beach, CA-based Clean Energy Fuels Corp. said Tuesday it has signed a contract to upgrade four of LAMTA’s fueling stations.

The Los Angeles County Metropolitan Transportation Authority (LAMTA), the largest public transportation system in car-laden Southern California, is operating the nation’s largest natural gas-powered bus fleet, and Seal Beach, CA-based Clean Energy Fuels Corp. said Tuesday it has signed a contract to upgrade four of LAMTA’s fueling stations.

A House committee of the Rhode Island Legislature voted out a bill Wednesday that “essentially would make it impossible” for tankers laden with liquefied natural gas (LNG) to navigate the Narragansett Bay and Sakonnet River on their way to the proposed Weaver’s Cove LNG import terminal in Fall River, MA, a spokeswoman for the bill’s sponsor said.

Tankers laden with liquefied natural gas (LNG) navigating the waters of Narragansett Bay in Rhode Island would hurt the state’s economy by interfering with recreational boating, the seasonal tourism trade, commercial fishery operations, ferry operations and cruise ships, according to studies released this week.

Accidents involving tankers laden with liquefied natural gas (LNG), whether intentional or unintentional, will have the most significant impact on public safety and property within a third of a mile from a spill due to thermal hazards, while lesser effects will be felt beyond a mile, even for very large spills, according to a new study by government scientists.

Laden with caveats and limited to an 18-month period between 2000 and mid-2001, a third report on energy market manipulation was presented to FERC last week by the California Independent System Operator (CAISO). The 28-page report, “Supplemental Analysis of Trading and Scheduling Strategies Described in Enron (December 2000) Memos,” details schemes ranging from “Fat Boy” to “Ricochet” with everything in between.