Nymex Holdings Inc. said this week that its board of directors has approved revisions to the definitive agreement by which General Atlantic LLC will take a 10% equity stake in Nymex Holdings, the parent company of the New York Mercantile Exchange. Under the revised terms of the transaction, General Atlantic will invest $160 million for the 10% equity position in Nymex, which represents an increase of $25 million over the originally signed deal. The initial deal valued Nymex’s equity at $1.35 billion post-investment, but the revised terms put the value at $1.6 billion post-investment.
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Woodside Focused on Southern CA for LNG Location
With a promotional launch to its ambitious liquefied natural gas (LNG) plans for California now complete, Australian-connected Woodside Natural Gas Inc. is focusing on finalizing its proposed onshore receipt site for regasified LNG shipments along the Southern California coast. Woodside will make public its final site decision next month, a Los Angeles-based spokesperson said Tuesday.
January 25, 2006
AGA Plans ‘Aggressive Campaign to Pressure Congress on OCS Access Issue
A major natural gas utility group said Tuesday it plans to launch an “aggressive lobbying campaign” this year to win congressional support for stand-alone natural gas legislation aimed at expanding access to domestic supplies.
January 18, 2006
Former Unocal, BP Execs Launch New E&P Company with $500M Financing
A team led by former Unocal Corp. and BP plc executives on Thursday announced the launch of Cobalt International Energy LP, which will focus on exploration and production in the deepwater Gulf of Mexico and other “high potential” global basins. The endeavor will be backed with $500 million in financing by Carlyle/Riverstone and Goldman Sachs Capital Partners.
December 2, 2005
ICAP, Nymex Launch Options Auctions on Daily Gas, Oil Futures
The New York Mercantile Exchange (Nymex) and ICAP plan to launch on July 18 an electronic market in same-day over-the-counter (OTC) options on prompt-month Nymex futures settlement prices for crude oil and natural gas.
July 14, 2005
Barrett Raises $325 Million in Bullish IPO Launch
Bill Barrett Corp. was one of the biggest gainers on the New York Stock Exchange Friday after the company launched its initial public offering (IPO) on Thursday. The three-year-old Denver explorer raised $325 million on Thursday — more than expected — after pricing 13 million shares at $25/share, which was above the $20-23 price originally set.
December 13, 2004
Barrett Raises $325 Million in Bullish IPO Launch
Bill Barrett Corp. was one of the biggest gainers on the New York Stock Exchange Friday after the company launched its initial public offering (IPO) on Thursday. The three-year-old Denver explorer raised $325 million on Thursday — more than expected — after pricing 13 million shares at $25/share, which was above the $20-23 price originally set.
December 13, 2004
El Paso Pipes Launch Companion Projects in Southeast; Progress Energy Signs $3.3B Service Deal
El Paso Corp. pipeline affiliates, Southern Natural Gas Co. and Florida Gas Transmission (FGT), said Friday they have begun open seasons for transportation capacity on planned and related expansions that are designed to meet the growing demand in southeastern gas markets by 2007.
December 6, 2004
El Paso Pipes Launch Companion Projects in Southeast; Progress Energy Signs $3.3B Service Deal
El Paso Corp. pipeline affiliates, Southern Natural Gas Co. and Florida Gas Transmission (FGT), said Friday they have begun open seasons for transportation capacity on planned and related expansions that are designed to meet the growing demand in southeastern gas markets by 2007.
December 6, 2004
El Paso Pipes Launch Companion Projects in Southeast; Progress Energy Signs $3.3B Service Deal
El Paso Corp. pipeline affiliates, Southern Natural Gas Co. and Florida Gas Transmission (FGT), said Friday they have begun open seasons for transportation capacity on planned and related expansions that are designed to meet the growing demand in southeastern gas markets by 2007.
December 6, 2004
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